SHORT TERM VACATION RENTAL PERMIT APPROVED! 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 vacation rental as a prior non-confirming 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. approximately 10 mi. from historic Hilo Bay. The portion of land where the home is located spans 1.97 acres however the sale also includes an additional large, private easement, a walking path extends 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. The rental revenues are likely to increase given the current ban on vacation rentals located on agriculturally zoned land. The fact that this property is legal and grandfathered for that use is very valuable if some amount of income is your goal. Modern luxury w/Craftsman details are uniquely embodied in the main home of 3 bedrooms and 2.5 baths for a total of 3,311 sqft. of living space. Every detail was carefully selected, and quality crafted to compliment the combination of accent concrete 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 fully self-sufficient. Oversized 850 sqft. garage with a workshop and a multi-purpose room upstairs. OWNER FINANCING MAY BE AVAILABLE with a substantial down and acceptable credit.
Listing courtesy of Elite Pacific Properties LLC.
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