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5280 Ka Haku Rd , #236

Princeville, HI 96722
  • $475,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 701351
UPDATED: 60 min ago
$475,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,135
    SQFT
  • $419
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
Area:

School Ratings & Info

Description

Leasehold Property. Lease Terms outlined below.Beautifully renovated Ocean and Golf Course view Condo at Pali Ke Kua, Princeville, Kauai! Pali Ke Kua #236 is a 2BR/2BA top floor unit with great views and tropical breezes facing north-east. Drink a cup of coffee in the morning sun on the covered lanai and watch the humpback whales frolic in the blue Pacific, enjoy a Mai Tai and a delicious BBQ in the cool evenings. Pali Ke Kua is a popular vacation rental destination, and this unit has been used as a short-term rental for many years managed by Kauai Vacation Rentals. The condo makes a great second home on Kauai and is sold fully furnished. On-site amenities include a hot tub and swimming pool, a private paved path to a sandy cove below, and walking paths through mature tropical landscaping. Enjoy dinner from the on-site Hideaway's Pizza Pub or take a short stroll down the road to 1 Hotel Hanalei Bay which is scheduled to open in spring of 2023. The Makai Tennis and Golf Facility is located a few minutes up the road. Walking and bike-riding trails throughout the Princeville Resort Community lead all the way up to the Princeville Shopping Center.The property is in Leasehold ownership (you dont own the proportionate land that belongs to this unit). The lease terms are as follows: Current lease rent until 9/2025: $1,483.42 per month (semi-annual payment of $8,900.52 including Hawaii State GET, total lease rent $17,801.04 per year) Next lease renegotiations: 9/2025 and 9/2035 Lease expiration: 9/2040 (surrender clause applies, currently the leased fee interest is not for sale) Lessor: Medusky & Co. Inc. Honolulu

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© 2023 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Life Real Estate Brokers. Data last updated: 2023-01-27T11:34:27.25.
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5280 Ka Haku Rd , #236 Princeville, HI 96722

  • Price: $475,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 60 min ago
  • MLS #: 701351
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,135
SQFT
$419
$/SQFT
1974
Built
Neighborhood:
Princeville
Area:
Hanalei
Property Description
Leasehold Property. Lease Terms outlined below.Beautifully renovated Ocean and Golf Course view Condo at Pali Ke Kua, Princeville, Kauai! Pali Ke Kua #236 is a 2BR/2BA top floor unit with great views and tropical breezes facing north-east. Drink a cup of coffee in the morning sun on the covered lanai and watch the humpback whales frolic in the blue Pacific, enjoy a Mai Tai and a delicious BBQ in the cool evenings. Pali Ke Kua is a popular vacation rental destination, and this unit has been used as a short-term rental for many years managed by Kauai Vacation Rentals. The condo makes a great second home on Kauai and is sold fully furnished. On-site amenities include a hot tub and swimming pool, a private paved path to a sandy cove below, and walking paths through mature tropical landscaping. Enjoy dinner from the on-site Hideaway's Pizza Pub or take a short stroll down the road to 1 Hotel Hanalei Bay which is scheduled to open in spring of 2023. The Makai Tennis and Golf Facility is located a few minutes up the road. Walking and bike-riding trails throughout the Princeville Resort Community lead all the way up to the Princeville Shopping Center.The property is in Leasehold ownership (you dont own the proportionate land that belongs to this unit). The lease terms are as follows: Current lease rent until 9/2025: $1,483.42 per month (semi-annual payment of $8,900.52 including Hawaii State GET, total lease rent $17,801.04 per year) Next lease renegotiations: 9/2025 and 9/2035 Lease expiration: 9/2040 (surrender clause applies, currently the leased fee interest is not for sale) Lessor: Medusky & Co. Inc. Honolulu
Exterior Features

Carport Area Total 0 Exterior Area Total 0 Frontage Almost OceanfrontGolf Course Garage Area Total 0 Land Tenure Leasehold Ocean Front No Pool Yes Roads Private View CoastlineGardenGolf CourseOceanSunriseSunset

Interior Features

Appliances DisposalDishwasherMicrowave HoodRefrigeratorRange/Oven Floors Carpet Washer Dryer DryerFront LoadWasher Window Coverings Curtains

Property Features

Assessed Value 1031500 Assessment Year 2023 Distressed Standard Sale Fee Available No Monthly Association Fees 0.00 Oceanfront Unit N Phone Service CableCellLand Line Power Underground Project Name Pali Ke Kua Iii Property Type Condo Sewer Sewer-Connected Solid Waste Disposal Included With Maintenance Fees Tax Key 454012009 Taxes 9135.88 Terms 1031 ExchangeCash Total Monthly Fees 850.00 Tv Availability Cable Vehicle Parking Unassigned Water Private Zoning R-10

Listing information © 2023 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Corcoran Pacific Properties.


© 2023 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Life Real Estate Brokers. Data last updated: 2023-01-27T11:34:27.25.
 
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