84-5085 Painted Church Rd, CAPTAIN COOK, HI 96704

Property Description

This is a leasehold property...with NO farming requirements! Incredible price adjustment for an amazing property! Live the true Big Island lifestyle in peaceful & culturally rich Honaunau on iconic Painted Church Road. Updated 3/2 home on 25,519sf w/ privacy, space & ocean air. 23+ years remaining on a financeable lease. Why this leasehold stands out: • Back on market due to Buyer contingency failure – NOT property condition • Lease rent is FIXED for the remaining 23+ years – rare long term rent stability • No escalating lease rent during the balance of the lease • Lease rent is less than or comparable to condo AOAO fees • Instead of shared walls & parking you get a full sized home & 35,000 sq ft of land • 18 year financing possible aligning with the remaining lease term • No farming obligations!!! Open concept living with beautiful bamboo flooring. Upgraded kitchen with granite counters, new stainless appliances & a full wall of custom pantry cabinets. Spacious primary suite with lanai access, walk in closet & beautifully finished bath. New vinyl windows, updated moulding, recessed lighting & ceiling fans create a light breezy feel. Fumigated in 2021 with substantial substructure replacement completed. Large laundry/flexible space. Expansive 600 sq ft lanai perfect for outdoor dining & relaxing. Tropical orchard includes ulu, lychee, papaya, jaboticaba, limes, longon, oranges, clementines, cherimoya, avocado, mango, coconut, coffee, soursop, black bamboo, jade, monkeypod & more. 20 panel owned PV on Net Metering. County water no catchment. Large shop, under home storage, fully fenced & gated yard plus even a zip line. Partially furnished for easy move in. Minutes to Puʻuhonua o Honaunau, Two Step snorkeling & Kealakekua Bay. Space, privacy, lifestyle