Samuel Schaus
samuelschaus@gmail.com
(808) 896-8125
Keller Williams Realty Maui

54-3793 Akoni Pule Hwy 96755
$949,000
Price:
$949,000
Bedrooms:
9
Bathrooms:
8.01
MLS:
(CONTINGENT) 638357
Interior Area:
2,574 sqft
Price/sqft:
$369
Year Built:
1934
Lot Size:
5.68 acre(s)
Land Tenure:
Fee Simple
Property Type:
Multiple Property Types
On Market:
Apr 13, 2020
Updated:
Jun 02, 2020
Foreclosure:

Listing Remarks

Take the 100 year old Kohala Club Hotel and make it even better with your own spin on the facility. 9 beds and 8.5 baths on 5.6 acres make this expansive property the ideal investment for anyone looking to diversify their portfolio. With the volatility of stocks, more investors are turning to passive rental income to secure their financial future. Facility includes three separate dwellings on 5.68 acres. The 2 story, 1 bed, 1.5 bath owners residence was completely rebuilt including an expansive private deck. The actual hotel consists of 2 structures on the other side of the lot for privacy. A side by side duplex and a 6 plex all with their own private entrances and bathrooms. This property fronts the main road through Kapaau where hundreds of thousands of visitors drive past every year.

*Estimated gross profit potential based on February 2019 market survey:
$90.00 per night
60% occupancy rate
8 rooms(owners residence separate)
$155,520 gross income

Centrally located close to Historic Hawi town where you can find some of the best dining, art galleries, and coffee shops on the island. Continue driving east on Highway 270 and you’ll literally come to the end of the road at the stunning Pololu Valley overlook. Fruit trees include lychee, mango, avocado, lime, macnut, orange, papaya, and tangerine. .

Due to age of buildings(built over 100 years ago)Bed & bath count does not match county records. 2 separate cesspools on site. The property is split into two zoning districts: an estimated 1.26-acres are zoned RS-15 and 4.42-acres are zoned A-20a. Approximately 2.0 acres of 4.42-acre A-20a zoned is usable, the remaining 2.42 acres being part of the Waikaulapala Gulch.

Property Location

Public Reports

Other Details

Address: 54-3793 Akoni Pule Hwy , Kapaau Village 96755
Lat/Long: 20.23251617 | -155.80398237
Taxkey: 3540050110000
Property Type: Multiple Property Types
Bedrooms: 9
Full Baths: 8
Half Baths: 1
Living Area: 2,574 sqft
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $4,378
Assessed Value: $521,500
Assessment Year: 2019
Zoning: A-20A
Assessed Land Value: $324,900
Assessed Improvements Value: $82,200
Annual Tax (Year): 2015
Garage Area: 0 sqft
Car Storage:
  • Other(remarks)
Appliances:
  • Dish Washer
  • Microwave
  • Refrigerator
  • Range/Oven
Floor Covering:
  • Hardwood
  • Laminate
  • Vinyl
Lot Description:
  • Clear
  • Grassy
  • Wooded
Roads:
  • County
  • Paved
Topography:
  • Not Available
Unit Description:
  • Duplex
  • ,
  • Ground Unit
  • ,
  • Multi-Dwelling
  • ,
  • Single Family Home
  • ,
  • Single Level
Washer/Dryer:
  • Dryer
  • Washer
Sewage:
  • Cesspool
The View:
  • Forest
  • Garden