Leasehold Ownership - Cash only! Spectacular Ocean Bluff Condominium with panoramic views of the Pacific Ocean and Bali Hai Sunset! This ground-floor, 2-BR end-unit has by far the best location at Pali Ke Kua with all rooms enjoying incredible ocean views. It also features the rare "two units in one" floor plan with two front doors that allows a potential "lock-out" option. This unit is in Leasehold ownership which presents an incredible opportunity to purchase a 2-BR condo with the best view on Kauai at a much lower price than a fee simple unit. The current lease rent is $15,500 + tax per year through 2024. The next 10-year lease renegotiation is scheduled in 2024, the lease expires in 2039. Currently, the leased fee interest is not available for purchase. The property is offered as a fully furnished, turn-key vacation rental with future bookings in place and requested to be honored.
Pali Ke Kua is one of the most desirable ocean bluff vacation rental destinations in Princeville a short walk from the Princeville Hotel overlooking world-famous Hanalei Bay. Great on-site amenities include a swimming pool and large hot tub, a private path down the hill to a sandy beach cove (popular for snorkeling and surfing), and a restaurant called Hideaways Pizza Pub. The beautiful, mature grounds offer incredible views of mountains, waterfalls, Bali Hai, and the Pacific Ocean.
Past Activity
Apr 22, 2019 Sold for $375,000
Mar 07, 2019 Under Contract
Feb 26, 2019 Listed at $399,000
More Details
HOA Fees / ft²: $0.66
Price / ft²: $327
Zoning: R-10
Amenities: Dishwasher, Disposal, HIS Microwave Hood, Range, Refrigerator, Washer/Dryer Stacked
Leasehold Ownership - Cash only! Spectacular Ocean Bluff Condominium with panoramic views of the Pacific Ocean and Bali Hai Sunset! This ground-floor, 2-BR end-unit has by far the best location at Pali Ke Kua with all rooms enjoying incredible ocean views. It also features the rare "two units in one" floor plan with two front doors that allows a potential "lock-out" option. This unit is in Leasehold ownership which presents an incredible opportunity to purchase a 2-BR condo with the best view on Kauai at a much lower price than a fee simple unit. The current lease rent is $15,500 + tax per year through 2024. The next 10-year lease renegotiation is scheduled in 2024, the lease expires in 2039. Currently, the leased fee interest is not available for purchase. The property is offered as a fully furnished, turn-key vacation rental with future bookings in place and requested to be honored.
Pali Ke Kua is one of the most desirable ocean bluff vacation rental destinations in Princeville a short walk from the Princeville Hotel overlooking world-famous Hanalei Bay. Great on-site amenities include a swimming pool and large hot tub, a private path down the hill to a sandy beach cove (popular for snorkeling and surfing), and a restaurant called Hideaways Pizza Pub. The beautiful, mature grounds offer incredible views of mountains, waterfalls, Bali Hai, and the Pacific Ocean.
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.
