5280 KA HAKU RD Unit 236, Kauai, HI 96722

$339,000
2
BD
2
BA
1,135
SqFt
List Price
$339,000
MLS#
648413
Days on Market
18
Status
ACTIVE
Type
Condo
Building
Pali Ke Kua Iii
Bedrooms
2
Bathrooms
2
Living Area
1,135
Land Tenure
Leasehold
Neighborhood
Princeville

Property Description

Leasehold property. Beautiful Ocean and Golf course view Condo at Pali Ke Kua, Princeville, Kauai! Pali Ke Kua #236 is a 2BR/2BR top floor unit with great views and tropical breezes facing north-east! Drink a cup of coffee in the morning sun on the covered lanai and watch the humpback whales frolic in the blue Pacific, enjoy a Mai Tai and a delicious outdoor BBQ in the cool evenings. Pali Ke Kua is a popular vacation rental destination, and this unit has been used as a short-term rental for many years managed by Kauai Vacation Rentals. The condo makes a great second home on Kauai and is sold fully furnished. On-site amenities include a hot tub and swimming pool area, a private paved path to a sandy cove below, a dinner restaurant called Hideaways Pizza Pub, and mature tropical landscaping throughout. A short stroll down the road takes you to the #1 Hotel Hanalei Bay which is scheduled to reopen in spring of 2022. The Makai Tennis and Golf Facility is located a few minutes up the road. Walking and bike-riding trails throughout the Princeville Resort Community lead all the way up to the Princeville Shopping Center. This property is in Leasehold ownership (you don’t own the proportionate land that belongs to this unit) and the lease rent terms are as follows: • Current lease rent until 2025: $1,483.42 per month ($8,900.52 paid two times per year, total lease rent $17,801.04) • Next lease renegotiation: 2025 (for another 10-year term) • Lease expiration: 2040 (surrender clause applies, currently the leased fee interest is not for sale) • Lessor: Medusky & Co. Inc. Honolulu

Additional Information

Monthly Maint Fee
$777
Solid Waste Disposal Trash
Included with Maintenance Fees
Roads
Private
Features
Ceiling-Vaulted, Smoke/Heat Detector
Parking
Unassigned
Taxes Annual
$6751
View
Coastline, Garden, Golf Course, Ocean, Sunset, Sunrise
Appliances
Disposal, Dishwasher, Microwave Hood, Refrigerator, Range/Oven
Zoning
R-10
Water
Private
Power
Underground
Window Coverings
Curtains
Frontage
Almost Oceanfront, Golf Course
Year Built
1974
Sewer
Sewer-Connected
Assessed Value
685400
Floor Covering
Carpet, Ceramic Tile
Unit
236
Washer Dryer
Stacked Washer/Dryer
District
Hanalei
Unit Description
Inside Unit, Multi-Story

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Corcoran Pacific Properties.

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