265 Kenolio, Kihei, HI 96753

$2,995,000
4
BD
3
BA
1,640
SqFt
List Price
$2,995,000
Days on Market
135
MLS#
383994
Status
ACTIVE
Type
Single Family Residential
Bedrooms
4
Bathrooms
3
Living Area
1,640
Land Area
32,670
Land Tenure
Fee Simple
Neighborhood
Kihei

Property Description

RARE investment opportunity in Kihei—This lovely, income-producing property is ¾ of an acre with 2 water meters and located a block from the beach and Kenolio Recreational Complex. The 2 homes PLUS cottage generate approx. $17,000. per month. Main home has 5 BD/3BA and is currently used as a 4/2 home. The upstairs addition functions as a separate master suite with private bath & entry. Second home is a 5/5—with 4 bedrooms with en suite baths. The “penthouse” master suite includes full kitchen, steam shower and spiral staircase to rooftop viewing deck boasting panoramic ocean/mountain views with a private hot tub. Cottage is a 0/1 which includes additional outside half-bath and outdoor shower, convenient for beach days. Property features include: owned photovoltaic, split system a/c units in all homes, plenty of parking and separate driveways. A new utility pole with transformer was installed by Maui Electric for potential future development. Mature mango, lychee and starfruit trees are abundant and strategically planted for optimal privacy between the homes. This one-of-a-kind property has incredible rental potential, convenient location and tenants are already in place. Other uses could be a family compound or possible subdivision.

Additional Information

Tmk
23903015030200000
View
Mountain/Ocean

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Island Sotheby's Int'l Rlty(M).

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.