1763 Pee Rd Unit 407, KOLOA, HI 96756

$498,000
1
BD
1
BA
778
SqFt

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List Price
$498,000
MLS#
733060
Days on Market
1
Status
ACTIVE
Type
Condo
Building
Sunset Kahili
Subdivision
Lee Kwai Beach Lots
Bedrooms
1
Bathrooms
1
Living Area
778
Land Tenure
Leasehold
Neighborhood
Lee Kwai Beach Lots

Property Description

This is a leasehold property. Sunset Kahili Unit 407 presents a distinctive short-term vacation rental investment opportunity in Poipu, Kauai. This high-floor, one-bedroom, one-bath leasehold condo offers ocean, mountain and sunset views, with the ocean visible from the front entry, and is conveniently located near Poipu Beach, golf, dining, shopping and resort amenities. Zoning allows short-term rental, offering an experienced vacation rental investor the opportunity to develop and implement their own operating strategy. Unit 407 is not currently operated as a short-term vacation rental, preserving flexibility for the next owner to determine how the property best fits their objectives. The current lease term runs through June 14, 2042, creating a distinctive opportunity for buyers who understand leasehold ownership and how to evaluate a property within a defined ownership horizon. For an investor, that may include evaluating potential rental income, operating costs and capital recovery during the remaining lease term. A future lease extension could create meaningful additional investment upside beyond the current lease term; however, no lease extension is assured. Cash purchase required. Whether considered as a vacation rental investment, second home or personal residence, Unit 407 offers a unique opportunity for a buyer who understands the characteristics and potential of finite-term leasehold ownership.

Additional Information

Monthly Maint Fee
$969
View
Coastline, Mountain(s), Ocean, Sunset
Appliances
Range, Refrigerator, Washer/Dryer Stacked
Zoning
R-10
Design
Steel Frame
Water
Public
Frontage
Road/Street
Sewer
Septic Tank
Topography
Fairly Level
Unit
407
District
Koloa
Pool
Yes
Year Built
1969

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Calculator source: Real Geeks

Listing courtesy of Hawai'i Modern Realty.

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