Successful vacation rental for over 10 years, with coveted and transferrable STVR license, now available for sale! A place to get away from it all, whether for yourself or to share with others, see what relaxation in Milolii can do for you. Located in a quiet fishing village just steps away from ocean access, and a short hike to Honomalino beach, this property has been enjoyed by numerous guests and cherished by the owners family since 2007.
Rented as one unit, the multi-level house features a private suite on the top level, with separate access. This 476sf studio space contains a full bath, wet bar/kitchenette and queen size bed. In addition to the two balconies upstairs, there is a 532sf covered lanai, the perfect shady spot for taking in ocean breezes, breaching whales and sunsets. The lower level of the house includes another 2 bedrooms (both with king size beds), full kitchen, laundry, full bathroom and a half bath. There is an additional 908sf of covered and uncovered lanai space for guests to spread out and enjoy on three sides of the home.
A detached garage is used for storing gear and restocking rental supplies. On one side of the garage is a carport that houses the recently installed, 2nd catchment tank and on the other side is the newly re-built outdoor shower. Also included with the property is an owned, net metered, 12 panel solar system installed in 2013, to help keep energy costs low.
Owners recently updated this property which has substantially increased their occupancy and booking rates. All new fans, light fixtures, paint inside and out, replaced windows/doors, new window coverings, furniture & kitchenware. Averaging 75-80% occupancy, the owners have a 4 night min rental requirement and gross over $50K annually. Home is posted on Airbnb and VRBO, booked with future revenue into 6/2023. New owner must honor future bookings at the rates determined. Sold turnkey, all furnishings to remain with property, except for kayaks.
Past Activity
Dec 13, 2024 Off Market
Jan 10, 2024 Sold for $760,000
Nov 07, 2023 Under Contract
Dec 02, 2022 Listed at $765,000
More Details
Price / ft²: $603
Zoning: A-5A
View: Bay, HIS Coastline, Ocean, Ocean Horizon, HIS Sunset
Successful vacation rental for over 10 years, with coveted and transferrable STVR license, now available for sale! A place to get away from it all, whether for yourself or to share with others, see what relaxation in Milolii can do for you. Located in a quiet fishing village just steps away from ocean access, and a short hike to Honomalino beach, this property has been enjoyed by numerous guests and cherished by the owners family since 2007.
Rented as one unit, the multi-level house features a private suite on the top level, with separate access. This 476sf studio space contains a full bath, wet bar/kitchenette and queen size bed. In addition to the two balconies upstairs, there is a 532sf covered lanai, the perfect shady spot for taking in ocean breezes, breaching whales and sunsets. The lower level of the house includes another 2 bedrooms (both with king size beds), full kitchen, laundry, full bathroom and a half bath. There is an additional 908sf of covered and uncovered lanai space for guests to spread out and enjoy on three sides of the home.
A detached garage is used for storing gear and restocking rental supplies. On one side of the garage is a carport that houses the recently installed, 2nd catchment tank and on the other side is the newly re-built outdoor shower. Also included with the property is an owned, net metered, 12 panel solar system installed in 2013, to help keep energy costs low.
Owners recently updated this property which has substantially increased their occupancy and booking rates. All new fans, light fixtures, paint inside and out, replaced windows/doors, new window coverings, furniture & kitchenware. Averaging 75-80% occupancy, the owners have a 4 night min rental requirement and gross over $50K annually. Home is posted on Airbnb and VRBO, booked with future revenue into 6/2023. New owner must honor future bookings at the rates determined. Sold turnkey, all furnishings to remain with property, except for kayaks.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
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Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
