28-3296 BEACH ROAD, PEPEEKEO, HI 96783

$2,100,000
3
BD
3
BA
3,311
SqFt
List Price
$2,100,000
Days on Market
104
MLS#
634805
Status
ACTIVE
Type
Single Family Residential
Bedrooms
3
Bathrooms
3
Living Area
3,311
Land Tenure
Fee Simple
Neighborhood
Pepeekeo Point Subdivision

Property Description

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.

Additional Information

Monthly Maint Fee
$78
Roads
Private, Paved, Other (remarks)
Features
Ceilings-9'+, Ceiling-Cathedral, Inventory, Landscaped, Office, Recreation Area, Storage Area, Smoke/Heat Detector, Other (remarks), Bar-Wet, Walking/Jogging Path
Parking
Detached
Taxes Annual
$8255
View
Coastline, Mountain, Ocean, Ocean Horizon, Pasture, Other (remarks), Sunrise
Garage
850
Appliances
Disposal, Dishwasher, Microwave, Refrigerator, Range/Oven, Other (remarks)
Lot Number
16
Zoning
A-20A
Design
Concrete, Double Wall, Loft Space
Lot Size
85,813
Lot Description Land
Clear, Grassy, Other (remarks)
Security
Gated Community
Water
Private, Other (remarks), Wells
Power
Gas, Solar/Photovoltaic, Other (remarks), Underground
Window Coverings
Curtains, Other (remarks)
Frontage
Almost Oceanfront, Pasture, Preservation, Ocean, Other (remarks)
Year Built
2015
Sewer
Septic
Assessed Value
882900
Topography
Fairly Level, Gentle Slope, Other (remarks)
Floor Covering
Concrete, Hardwood, Laminate, Stone, Other (remarks)
Washer Dryer
Dryer, Washer
District
Hamakua Coast S. Hilo
Pool
Yes

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Elite Pacific Properties LLC.

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