27-599 ALAKAHI PL, PAPAIKOU, HI 96781

$1,920,000
3
BD
2
BA
4,116
SqFt
Sold Price
$1,920,000
List Price
$2,065,000
MLS #
647469
Days on Market
201
Closing Date
Sep 16, 2021
Status
SOLD
Type
Single Family Residential
Bedrooms
3
Full Baths
2
Living Area
4,116
Land Area
93,349
Land Tenure
Fee Simple
Neighborhood
Onomea Bay

Property Description

This may be the most spectacular property on the Hamakua Coast, truly something you must see in person to appreciate. Located directly above the famous scenic lookout, this is the only property with a private carriage trail down into the Hawaiian Botanical Garden, with over 4 miles of trails through indigenous botany and direct access to Onomea Bay. This 2+ acre estate is located at the end of a quiet cul-de-sac, in a safe, private neighborhood, just 6 miles from Hilo. It has functioned as a highly profitable hosted vacation rental at $700-1400/night. A perfect opportunity to host your own retreats, or to simply live the luxurious retreat lifestyle. Every part of this home screams custom, from the grand entry door, the hand carved Balinese mural wall, a true chef’s kitchen, specialty trim and tile work, Nana Wall retractable glass door and window systems, Brazilian ipe decking, corner windows, the list goes on and on. The original home, completed in 2000, has undergone 2 major renovations in 2014 and 2019, with extensive improvements and structures added. Some of these include: -a grand entry w/ porte cochere -bottom story has been built out with a "finished basement" area and wrap-around deck -garage converted into a large guest suite -large wrap-around bottom floor deck with yoga platform This property has over 7000 feet under roof! Which includes a two-door garage that you can convert back or keep as an ohana suite, a 910 sq. ft. workshop with plenty of built-ins and electric stub-outs (previously a carpenter’s workshop). The large covered patio off the kitchen features an expansive pergola overhead for year-round outdoor dining, a tiki bar, a large jacuzzi, custom fireplace, and an unbelievable view! Home has been rented very heavily over the past few years and has some deferred maintenance and is in need of repairs (paint, grout, new doors,etc). *Seller is offering as a $30k closing credit with sale*

Additional Information

Island
Big Island
View
Bay, Coastline, Garden, Ocean, Ocean Horizon, Pasture, Sunrise
Lot Size
93,349
Neighborhood
Onomea Bay
Frontage
Almost Oceanfront, Pasture
Year Built
2000
Sewer
Cesspool
Zoning
A-1A
Water
Catchment

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of eXp Realty. Selling Office: .

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