Hawaii Living

Fairway Terrace #L205 (Waikoloa)

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Photo 1 of 68-3831 Lua Kula St #L205, Waikoloa
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68-3831 Lua Kula St #L205, Waikoloa

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Description
Welcome to Fairway Terrace, a gated community in the heart of Waikoloa Village.This beautifully upgraded 2-bedroom, 2-bath upstairs condo offers 785 square feet of stylish living space. The unit has been thoughtfully upgraded with modern finishes and fixtures, creating an inviting atmosphere you'll love coming home to.Enjoy the open floor plan, perfect for comfortable living and entertaining. The contemporary kitchen , with full size washer and dryer, flows seamlessly into the bright and airy living and dining areas. Both bedrooms provide ample space and comfort, while the bathrooms feature modern fixtures and finishes.Situated in a desirable community, Fairway Terrace offers a fantastic opportunity to own a stunning condo priced under $450K – a rare find! Short Term Vacation Rentals are allowed in this complex, with a 6 day minimum.Fairway Terrace has a lovely recreation area, which includes: * Large swimming pool, hot tub, gym, BBQ area with shaded gazebo * Small library * On-site Management officeThe entire complex has solar, and the cost savings on electricity are passed along to owners and tenants. The solar panels also create covered parking, which is a plus to have on those warm Hawaiian summer days.The Master Association offices, pool, bookmobile, golf and Johnny’s Restaurant are in close proximity, with the Highlands Shopping Center a short stroll away. It’s an easy 15 minute drive down to the Kohala Coast with its’ world class shopping, dining and white sand beaches.A pre-listing home inspection was conducted by Top Notch Home Inspections – see attached. It scored well, and suggested minor repairs have been made. (Note: The unit is staged, and furnishings do not convey.)
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.95
  • Price / ft²: $535
  • Zoning: RM-1.5
  • Amenities: Dishwasher, Disposal, Range, Refrigerator, Washer/Dryer Stacked
  • TMK: 3680030020172
  • Tax Assessed Value: $306,400
  • Courtesy: KW Big Island / 8084433355
  • MLS: 710899
About Fairway Terrace
  • Address: 68-3831 Lua Kula St, Waikoloa Village, HI 96738.
     
  • Built: 1989, 199 1 & 2BR Units in 14 2-Story Buildings on 11.72 Acres.
     
  • Amenities: Pool, Hot Tub, Fitness Center, Clubhouse, BBQs.
     
  • Short-term Vacation Renting: Allowed (6-Day Minimum).
     
  • Developer: Fairway Terrace Associates Hawaii (Partnership of Allison Investment Corp. & Highland Village Apartments).

Note: Waikoloa Village is different from the Waikoloa Beach Resort.

Fairway Terrace is a gated community that is bounded by The Village Course’s 10th fairw


  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 18, 2026.
Other Fairway Terrace Listings
$377,000
Fairway Terrace #E203
1 Bd | 1 Ba
492 ft²
$376,000
Fairway Terrace #G203
1 Bd | 1 Ba
492 ft²
$370,000
Fairway Terrace #G106
1 Bd | 1 Ba
469 ft²
Other Kohala Condos
$455,000
Elima Lani #1408
2 Bds | 2 Ba
854 ft²
$489,000
Makana Kai At Wehilani #3403
2 Bds | 2 Ba
825 ft²
$555,000
$570,000
Waikoloa Hills Condo #604
2 Bds | 2 Ba
1,100 ft²
$462,500
$399,000
Elima Lani #1906
2 Bds | 2 Ba
854 ft²
  • Sold 9/24/24 at $420,111
    (List Price: $439,000)
Description
Welcome to Fairway Terrace, a gated community in the heart of Waikoloa Village.This beautifully upgraded 2-bedroom, 2-bath upstairs condo offers 785 square feet of stylish living space. The unit has been thoughtfully upgraded with modern finishes and fixtures, creating an inviting atmosphere you'll love coming home to.Enjoy the open floor plan, perfect for comfortable living and entertaining. The contemporary kitchen , with full size washer and dryer, flows seamlessly into the bright and airy living and dining areas. Both bedrooms provide ample space and comfort, while the bathrooms feature modern fixtures and finishes.Situated in a desirable community, Fairway Terrace offers a fantastic opportunity to own a stunning condo priced under $450K – a rare find! Short Term Vacation Rentals are allowed in this complex, with a 6 day minimum.Fairway Terrace has a lovely recreation area, which includes: * Large swimming pool, hot tub, gym, BBQ area with shaded gazebo * Small library * On-site Management officeThe entire complex has solar, and the cost savings on electricity are passed along to owners and tenants. The solar panels also create covered parking, which is a plus to have on those warm Hawaiian summer days.The Master Association offices, pool, bookmobile, golf and Johnny’s Restaurant are in close proximity, with the Highlands Shopping Center a short stroll away. It’s an easy 15 minute drive down to the Kohala Coast with its’ world class shopping, dining and white sand beaches.A pre-listing home inspection was conducted by Top Notch Home Inspections – see attached. It scored well, and suggested minor repairs have been made. (Note: The unit is staged, and furnishings do not convey.)
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 18, 2026.
    • Address: 68-3831 Lua Kula St, Waikoloa Village, HI 96738.
       
    • Built: 1989, 199 1 & 2BR Units in 14 2-Story Buildings on 11.72 Acres.
       
    • Amenities: Pool, Hot Tub, Fitness Center, Clubhouse, BBQs.
       
    • Short-term Vacation Renting: Allowed (6-Day Minimum).
       
    • Developer: Fairway Terrace Associates Hawaii (Partnership of Allison Investment Corp. & Highland Village Apartments).

    Note: Waikoloa Village is different from the Waikoloa Beach Resort.

    Fairway Terrace is a gated community that is bounded by The Village Course’s 10th fairw


      ... Read more
    Other Fairway Terrace Listings
    $377,000
    Fairway Terrace #E203
    1 Bd | 1 Ba
    492 ft²
    $376,000
    Fairway Terrace #G203
    1 Bd | 1 Ba
    492 ft²
    $370,000
    Fairway Terrace #G106
    1 Bd | 1 Ba
    469 ft²
     
    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. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, our network of agents 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.
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    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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