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    28-3296 Beach Road

    Pepeekeo, HI 96783
    • $1,795,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 643148
    UPDATED: 29 min ago
    $1,795,000
    • 4
      BEDS
    • 1.97
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 3,311
      SQFT
    • $542
      $/SQFT
    Type:
    Single-Family Home
    Built:
    2015

    School Ratings & Info

    Description

    VACATION RENTAL PERMIT ON THE OCEAN! A perfect retreat home and property to hide out and be self-sufficient while surrounded by gorgeous rolling green pastures running to the blue sparkling sea. This property may be the only agriculturally zoned vacation rental on the coast with a renewable and transferable legal permit to operate a short-term, 3/3.5 vacation rental as a prior non-conforming use. Oceanfront and located on the pristine, low-density Hamakua Coast of the Big Island, this estate is on the private, gated and desirable Beach Rd. approx. 10 miles from historic Hilo Bay. The portion of land where the home is located spans 1.97 ac. however the sale also includes an additional large, private recorded easement, a walking path extending all the way to the stunning, rugged cliffs overlooking the Pacific Ocean. As an investment, the home has a proven history as a short-term vacation rental pre-covid and, will be busy again soon. The rental revenues are likely to exceed historical numbers given the ban on many vacation rentals located on agriculturally zoned land. The fact that this property is legal for that use is valuable if income is your goal. Modern luxury w/Craftsman details are uniquely embodied in the main home of 4 bedrooms and 3.5 baths for a total of 3,311 sqft. of living space. Every detail was carefully selected, and quality crafted to compliment the combination of concrete accent walls as well as concrete and hardwood flooring, unique fans and light fixtures, interior and exterior hand-mixed colors, local island woods, and abundant glass. The home is also a tribute to self-sufficient living w/a full photovoltaic 34 panel, 260-watt system and a private well making the home not only safe and private but independent. An oversized 850 sqft. garage with a workshop and a multi-purpose room upstairs adds even more value. OWNER FINANCING MAY BE AVAILABLE w/a substantial down and acceptable credit. NOTE: STVR PERMIT IS FOR 3/3.5.

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    © 2020 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2020-10-30T08:34:18.627.
    www.iokuasales.com/homes/110701311
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    28-3296 Beach Road Pepeekeo, HI 96783

    • Price: $1,795,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 643148
    4
    Beds
    3
    Baths
    1
    ½ Baths
    1.97
    Acres
    3,311
    SQFT
    $542
    $/SQFT
    2015
    Built
    Neighborhood:
    Pepeekeo Point Subdivision
    Area:
    Hamakua Coast S. Hilo
    Property Description
    VACATION RENTAL PERMIT ON THE OCEAN! A perfect retreat home and property to hide out and be self-sufficient while surrounded by gorgeous rolling green pastures running to the blue sparkling sea. This property may be the only agriculturally zoned vacation rental on the coast with a renewable and transferable legal permit to operate a short-term, 3/3.5 vacation rental as a prior non-conforming use. Oceanfront and located on the pristine, low-density Hamakua Coast of the Big Island, this estate is on the private, gated and desirable Beach Rd. approx. 10 miles from historic Hilo Bay. The portion of land where the home is located spans 1.97 ac. however the sale also includes an additional large, private recorded easement, a walking path extending all the way to the stunning, rugged cliffs overlooking the Pacific Ocean. As an investment, the home has a proven history as a short-term vacation rental pre-covid and, will be busy again soon. The rental revenues are likely to exceed historical numbers given the ban on many vacation rentals located on agriculturally zoned land. The fact that this property is legal for that use is valuable if income is your goal. Modern luxury w/Craftsman details are uniquely embodied in the main home of 4 bedrooms and 3.5 baths for a total of 3,311 sqft. of living space. Every detail was carefully selected, and quality crafted to compliment the combination of concrete accent walls as well as concrete and hardwood flooring, unique fans and light fixtures, interior and exterior hand-mixed colors, local island woods, and abundant glass. The home is also a tribute to self-sufficient living w/a full photovoltaic 34 panel, 260-watt system and a private well making the home not only safe and private but independent. An oversized 850 sqft. garage with a workshop and a multi-purpose room upstairs adds even more value. OWNER FINANCING MAY BE AVAILABLE w/a substantial down and acceptable credit. NOTE: STVR PERMIT IS FOR 3/3.5.
    Exterior Features

    Design ConcreteDouble WallLoft SpaceOther (Remarks) Exterior Area Total 864 Fence Rock/StoneWire Frontage Almost OceanfrontPasturePreservationRocky BeachOther (Remarks) Garage Area Total 850 Land Tenure Fee Simple Lot Description ClearGrassyOther (Remarks) Ocean Front N Pool Y Roads PrivatePavedOther (Remarks) Topography Fairly LevelGentle SlopeOther (Remarks) View CoastlineMountainOceanOcean HorizonPastureOther (Remarks)Sunrise

    Interior Features

    Appliances DisposalDishwasherMicrowaveRefrigeratorRange/OvenOther (Remarks) Floors ConcreteHardwoodLaminateStoneOther (Remarks) Washer Dryer DryerWasher Window Coverings CurtainsOther (Remarks)

    Property Features

    Assessed Value 882900 Assessment Year 2017 Distressed Standard Sale Features Ceilings-9'+Built-In-Book ShelvesCeiling-CathedralInventoryLandscapedOfficeRecreation AreaStorage AreaSmoke/Heat DetectorOther (Remarks)Bar-WetWalking/Jogging Path Lava Zone 8 Lot Number 16 Monthly Association Fees 8.33 Oceanfront Unit N Phone Service CellLand LineSatellite Power GasSolar/PhotovoltaicOther (Remarks)Underground Property Type Residential Security Gated CommunityOther (Remarks) Sewer Septic Solid Waste Disposal None Tax Key 328008050 Taxes 9070.00 Terms 1031 ExchangeCashConventionalPmmOther (Remarks) Total Monthly Fees 78.33 Tv Availability Satellite Vehicle Parking Detached Water PrivateOther (Remarks)Wells Zoning A-20A

    Listing information © 2020 MLS Hawaii, Inc. All rights reserved.
    Listing courtesy of Corcoran Pacific Properties.


    © 2020 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2020-10-30T08:34:18.627.
     
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