Selling or Buying in Kolea Condo Villas (Kolea Kai)?
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Description
Ownership options abound for this nicely furnished and appointed Kolea Penthouse. The property has been a long- term rental with the same tenants since 2015, and that lease expires on 11-30-2019. As a first option, the new owner could negotiate a new long-term lease with these tenants. Long-term rentals have been exceedingly rare in the history of Kolea, which is a highly sought after luxury beachfront community in the world famous Waikoloa Beach Resort. Another alternative would be to simply move in at the termination of the lease, and make the property a principal residence or a second home, without having to accommodate existing vacation rentals. A third possibility would be to begin booking short-term vacation rentals after closing, which would allow you to take advantage of the peak occupancy season in the winter and spring of 2020.
This Penthouse Villa has numerous upgrades, with tastefully chosen furnishings and artwork as well as tile floors in the great room, kitchen, entryway and bathrooms. The floor plan is perfectly designed for two couples with its dual master suites. The vaulted ceiling in the great room, the retractable 9' pocket doors leading to the lanai with an outdoor kitchen, steel frame construction with concrete floors, and African mahogany trim complete this very appealing package.
Kolea is located adjacent to the sandy beach and tropical ocean waters of Anaeho'omalu Bay on the sunny Kohala Coast of the Big Island of Hawaii. Located in the Waikoloa Beach Resort, this property is within walking distance to world-class golf, dining, shopping, and entertainment.
Information herein may contain inaccuracies and is provided without warranty or guarantee of any kind. Agents and buyers must independently verify any information they deem material or important to their purchase or any offered price there under, including but not limited to, square footage, property taxes, permits, condition of the property and applicable h
Built: 2004, 126 2 & 3BR Units in 16 3-Story Buildings on 30 Acres.
Amenities: Pool, Kids Pool, Jacuzzi, Fitness Center, Event Pavilion, BBQs.
Short-term Vacation Renting: Allowed.
Developer: Centex Destination Properties.
Kolea Kai (also called Kolea Condo Villas) is part of the gated, oceanfront Kolea community in Waikoloa Beach Resort. Kolea is the only beachfront residential area in Waikoloa.
The two and three bedroom condos have interiors measuring from 1,270... Read more
Ownership options abound for this nicely furnished and appointed Kolea Penthouse. The property has been a long- term rental with the same tenants since 2015, and that lease expires on 11-30-2019. As a first option, the new owner could negotiate a new long-term lease with these tenants. Long-term rentals have been exceedingly rare in the history of Kolea, which is a highly sought after luxury beachfront community in the world famous Waikoloa Beach Resort. Another alternative would be to simply move in at the termination of the lease, and make the property a principal residence or a second home, without having to accommodate existing vacation rentals. A third possibility would be to begin booking short-term vacation rentals after closing, which would allow you to take advantage of the peak occupancy season in the winter and spring of 2020.
This Penthouse Villa has numerous upgrades, with tastefully chosen furnishings and artwork as well as tile floors in the great room, kitchen, entryway and bathrooms. The floor plan is perfectly designed for two couples with its dual master suites. The vaulted ceiling in the great room, the retractable 9' pocket doors leading to the lanai with an outdoor kitchen, steel frame construction with concrete floors, and African mahogany trim complete this very appealing package.
Kolea is located adjacent to the sandy beach and tropical ocean waters of Anaeho'omalu Bay on the sunny Kohala Coast of the Big Island of Hawaii. Located in the Waikoloa Beach Resort, this property is within walking distance to world-class golf, dining, shopping, and entertainment.
Information herein may contain inaccuracies and is provided without warranty or guarantee of any kind. Agents and buyers must independently verify any information they deem material or important to their purchase or any offered price there under, including but not limited to, square footage, property taxes, permits, condition of the property and applicable h
Built: 2004, 126 2 & 3BR Units in 16 3-Story Buildings on 30 Acres.
Amenities: Pool, Kids Pool, Jacuzzi, Fitness Center, Event Pavilion, BBQs.
Short-term Vacation Renting: Allowed.
Developer: Centex Destination Properties.
Kolea Kai (also called Kolea Condo Villas) is part of the gated, oceanfront Kolea community in Waikoloa Beach Resort. Kolea is the only beachfront residential area in Waikoloa.
The two and three bedroom condos have interiors measuring from 1,270... Read more
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.
Other fees could be a special assessment, reserve contributions etc.
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.
