78-6626 Alii Drive
78-6626 Alii Drive
Kailua-Kona, HI 96740
$4,875,000
Last Sold Price
5
Beds
5
Baths
2,758 Sq. Ft.
$1,768 / Sq. Ft.
2,758
Sq. Ft.
$1,768
per Sq. Ft.
Sold 4/15/24
Sold 4/15/24
Description
Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or “Ocean Song”, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island. Situated on two oceanfront parcels...Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or “Ocean Song”, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island. Situated on two oceanfront parcels spanning 174’ of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast. Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors. With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts. Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset. This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors. Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast. Offering Memorandum available by request.
- Listed by Leiola Augustine • License #RB-20619 • KW Big Island
Property Details for 78-6626 Alii Drive
Subdivision
KAHALUU BEACH LOTS
ZoningRS-7.5
ViewBay, Coastline, Ocean, Ocean Horizon, Sunset
Land TenureFee Simple
Location
Listing Courtesy of KW Big Island, Leiola Augustine, License #RB-20619
Sold By KW Big Island, Leiola Augustine, License #RB-20619
Add your commute
LISTING UPDATED: 04/15/2024 09:29 AM
Property Details for 78-6626 Alii Drive
| Status | Sold |
|---|---|
| MLS # | 708176 |
| Days on Market | 15 |
| Taxes | $30,142 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Detached |
| Year Built | 1987 |
| Lot Size | 0.33 AC / 14,530 SF |
| County | Hawaii County |
Location
Listing Courtesy of KW Big Island, Leiola Augustine, License #RB-20619
Sold By KW Big Island, Leiola Augustine, License #RB-20619
Add your commute
Building Information for 78-6626 Alii Drive
Stories-Year Built1987Building Size-Lot Size0.33 AC / 14,530 SF
Payment Calculator
$29,117 per month
30 year fixed, 7.25% Interest
Principal and Interest
$26,605
Property Taxes
$2,512
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 78-6626 Alii Drive
Summary
Location and General Information
- Latitude: 19.5842772
- Location: 78-6626 ALII DR
- Longitude: -155.96880416
- Oceanfront Parcel: Y
- Street: ALII DR
- Street Address Full: 78-6626 ALII DR KAILUA-KONA HI 96740
- Street Number: 78-6626
- City: KAILUA-KONA
- District: North Kona
- Zip Code: 96740
Taxes and HOA Information
- Fees-Association (Monthly): $0
- Fees-Association (Yearly): $0
- Exempt Amount: $150,100
- Tax Year: 2023
- Taxes (Annual): $30,142.40
- Taxkey: 3-7-8-14-76
- Taxkey9: 378014076
Parking
- Garage Area (Total): 0.0
- Carport Area (Total): 0.0
- Carport Spaces (Total): 0.0
- Vehicle Storage/Parking: Covered, Attached
Virtual Tour
- Tours: 0
Property
Lot Information
- Roads: County
- Roofed Areas (Total): 0.0
- Agriculture Dedicated: No
- Year Built Maximum: 1987
- Year Built Minimum: 1987
- Exterior Area (Total): 1000.0
- Interior Area (Total): 2758.0
- Land Area: 14530.0
- Lot Number: 17-A
- Other Square Footage (Total): 0.0
- Frontage: Rocky Beach, Road/Street, Sandy Beach
- Flood Zone: VE, X
- Lava Zone: 4
Property and Assessments
- Disclosure Form: Yes
- Assessed Value: $2,734,100
- Assessment Year: 2023
- Property Type: Residential
- Recordation System: Regular
- Photos: 27
Utilities
- Power: Overhead
- Wastewater: Cesspool
- Water: County
- Solid Waste Disposal (Trash): Private Contractor
Interior and Exterior Features
Exterior Features
- Fence/Wall: Rock/Stone, Wooden
- Pool: Y
- Pool Type: In Ground, Heated, Outdoor
Interior Features
- Features: Ceilings-9'+, Ceiling-Vaulted, Exterior Lighting
- Window Coverings: Blinds
- Washer/Dryer: Stacked Washer/Dryer
- TV Availability: Cable
- Telephone Availability: Cable, Cell, Land Line
- Stories Number Maximum: 0
- Stories Number Minimum: 0
- Appliances: Convection Oven, Disposal, Dishwasher, Electric Cooktop, Microwave, Refrigerator, Range Hood, Wine Cooler
- Bathrooms (Total): 5
- Baths 1/2 (Total): 0
- Baths 1/4 (Total): 0
- Baths 3/4 (Total): 0
- Baths Full (Total): 5
- Bedrooms (Total): 5
- Floor Covering: Ceramic Tile, Laminate
- Heating/Cooling: Individual Cooling
- Internet Availability: Cable, Wireless, Satellite
Multi Family
Multi-Family Information
- Unit Description: Multi-Story, Single Family Home
- # of Units (Total): 0
Agent
Sale and Listing
- Sold Terms: CASH
- Ownership: Full
- Media Changed: 02-26-2024
- Terms Acceptable: 1031 Exchange, Cash, Conventional, Assumption
- Listor Name: Leiola Augustine
- Days on Market: 15
- First Photo Sequence: 1
- Sub-agency offered?: No
- Subtype of Listing: Detached
- Remarks - Public: Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or “Ocean Song”, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island.<br><br>Situated on two oceanfront parcels spanning 174’ of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast. <br><br>Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors. <br><br>With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts. <br><br>Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset.<br><br>This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors.<br><br>Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast. <br><br>Offering Memorandum available by request.
- REversion: 600
- Sale Type: Standard Sale
- DZS: 378
Showing and Remarks
- Showing Instructions: Listing Agent Must be Present, Call Listor
Property History for 78-6626 Alii Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 78-6626 Alii Drive
Taxable ValueLand$1,198,000Additions$600,400Total$1,798,400
Tax Record2021$18,765 ($1,564 / month)
Home Facts
Beds5Baths5Total Finished SqFt3,988 SqFtAbove Grade Finished SqFt2,758 SqFtFinished Basement SqFt1,230 SqFtUnfinished Basement SqFt2,460 SqFtStories1Lot Size14,505 SqFtStyleSingle Family ResidenceYear Built1987Year Renovated2006Zoning1A - FAMILY ACountyHAWAIIAPN3-7-8-014-076
Schools near 78-6626 Alii Drive
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Kahakai Elementary School PublicPK to 5 | ||
Konawaena Middle School Public6 to 8 | ||
Konawaena High School Public9 to 12 | ||
Innovations - Public Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of KW Big Island, Leiola Augustine, License #RB-20619