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Kukilakila #B (Kukilakila)

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599 Keolu Dr #B, Kailua

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Description
Looking for an investment property with steady cash flow or an owner occupant property in great condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; For the Owner Occupant, the seller will consider ending current leases early to facilitate owner occupancy for an acceptable offer. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance. Seller to entertain pre-paying future maintenance fees for acceptably priced offers.
Recent Activity
  • Nov 11, 2024 Price $1,274,000
  • Oct 19, 2024 Price $1,299,000
  • Oct 09, 2024 Listed at $1,325,000
  • Oct 02, 2024 Off Market
  • Sep 26, 2024 Price $1,390,000
  • Sep 08, 2024 Price $1,395,000
  • Aug 22, 2024 Listed at $1,399,000
  • Aug 16, 2018 Sold for $860,000
  • Jul 15, 2018 Under Contract
  • Jun 19, 2018 Listed at $869,000
Past Sales
  • #H: 2 Bds | 1.5 Ba @ $1.01M (11/6/24)
  • #E: 2 Bds | 1.5 Ba @ $998K (8/30/24)
  • #F: 2 Bds | 2 Ba @ $1.242M (8/9/24)
  • #C: 3 Bds | 2.5 Ba @ $1.3M (6/27/24)
  • #D: 2 Bds | 1.5 Ba @ $990K (5/21/24)
  • #B: 4 Bds | 3.5 Ba @ $1.5M (10/12/23)
  • #A: 3 Bds | 2.5 Ba @ $1.389M (9/11/23)
  • #G: 4 Bds | 2.5 Ba @ $1.255M (11/18/22)
  • #hidden: 2 Bds | 2 Ba @ $801K (4/18/19)
  • #c: 3 Bds | 2.5 Ba @ $970K (6/8/18)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.51
  • Price / ft²: $923
  • HOA Fees Include: None
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • Elementary School: Kaelepulu
  • Middle School: Kailua
  • High School: Kailua
  • View: Mountain, Sunrise, Sunset
  • Furnished: None
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 76%
  • Management Company: Hawaiiana
  • Amenities: BBQ, Boat Dock, Club House, Community Association Pool, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Walking/Jogging Path, Wall/Fence
  • TMK: 1-4-2-93-3-0
  • Tax Assessed Land: $397,100
  • Tax Assessed Improvements: $737,100
  • Tax Assessed Total: $1,134,200
  • Courtesy: Hawaii Life / (800) 370-3848
  • MLS: 202423607
Ask Michelle a Question
Good to Know
  • Built in 1973-1974, 2 - 4BR, Pets: OK (verify).
  • Ameneties include BBQ, Club House, Recreation Area, Resident Manager.
  • Lake front project in Kailua.

See this aerial video of the Kukilakila townhomes.

About Kukilakila Townhomes
Kukilakila is a stand-out part of the envied Enchanted Lake neighborhood that bridges busy Kalanianaole Hwy and the local style elegance of Kailua Town. Constructed between 1973 and 1974, the townhomes are divided up between both single and dual level residences right off the main drag of Keolu Drive.

The homes right on the lakefront itself   .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
Other Kukilakila Listings
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Kukilakila #C
4 Bds | 2.5 Ba
1,560 ft²
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Kukilakila #D
2 Bds | 2 Ba
931 ft²
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Leasehold
$284,500
Kukilakila #C
4 Bds | 2.5 Ba
1,625 ft²
Other Kailua Condos
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Bluestone #1307
3 Bds | 2.5 Ba
1,821 ft²
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Windward Passage #612
3 Bds | 2 Ba
1,244 ft²
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Windward Cove #311B
3 Bds | 2 Ba
1,320 ft²
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Lakeview #5A
3 Bds | 2 Ba
1,367 ft²
  • Asking Price: $1,274,000

    $25,000 price drop 10 days ago

Description
Looking for an investment property with steady cash flow or an owner occupant property in great condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; For the Owner Occupant, the seller will consider ending current leases early to facilitate owner occupancy for an acceptable offer. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance. Seller to entertain pre-paying future maintenance fees for acceptably priced offers.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
    • Nov 11, 2024 Price $1,274,000
    • Oct 19, 2024 Price $1,299,000
    • Oct 09, 2024 Listed at $1,325,000
    • Oct 02, 2024 Off Market
    • Sep 26, 2024 Price $1,390,000
    • Sep 08, 2024 Price $1,395,000
    • Aug 22, 2024 Listed at $1,399,000
    • Aug 16, 2018 Sold for $860,000
    • Jul 15, 2018 Under Contract
    • Jun 19, 2018 Listed at $869,000
    • Built in 1973-1974, 2 - 4BR, Pets: OK (verify).
    • Ameneties include BBQ, Club House, Recreation Area, Resident Manager.
    • Lake front project in Kailua.

    See this aerial video of the Kukilakila townhomes.

    About Kukilakila Townhomes
    Kukilakila is a stand-out part of the envied Enchanted Lake neighborhood that bridges busy Kalanianaole Hwy and the local style elegance of Kailua Town. Constructed between 1973 and 1974, the townhomes are divided up between both single and dual level residences right off the main drag of Keolu Drive.

    The homes right on the lakefront itself   .....
    Read more.
    Other Kukilakila Listings
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    Kukilakila #C
    4 Bds | 2.5 Ba
    1,560 ft²
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    Kukilakila #D
    2 Bds | 2 Ba
    931 ft²
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    Leasehold
    $284,500
    Kukilakila #C
    4 Bds | 2.5 Ba
    1,625 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. 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.
    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.
    Learn about property tax rates.