1763 Pee Rd Unit 407, KOLOA, HI 96756
- $498,000
- 1
- BD
- 1
- BA
- 778
- SqFt
- List Price
- $498,000
- Days on Market
- 6
- MLS#
- 733060
- Status
- ACTIVE
- Type
- Condo
- Building
- Sunset Kahili
- Bedrooms
- 1
- Full Baths
- 1
- Living Area
- 778
- Land Tenure
- Leasehold
- Neighborhood
- Lee Kwai Beach Lots
Property Description
This is a leasehold property. Sunset Kahili Unit 407 presents a distinctive short-term vacation rental investment opportunity in Poipu, Kauai. This high-floor, one-bedroom, one-bath leasehold condo offers ocean, mountain and sunset views, with the ocean visible from the front entry, and is conveniently located near Poipu Beach, golf, dining, shopping and resort amenities. Zoning allows short-term rental, offering an experienced vacation rental investor the opportunity to develop and implement their own operating strategy. Unit 407 is not currently operated as a short-term vacation rental, preserving flexibility for the next owner to determine how the property best fits their objectives. The current lease term runs through June 14, 2042, creating a distinctive opportunity for buyers who understand leasehold ownership and how to evaluate a property within a defined ownership horizon. For an investor, that may include evaluating potential rental income, operating costs and capital recovery during the remaining lease term. A future lease extension could create meaningful additional investment upside beyond the current lease term; however, no lease extension is assured. Cash purchase required. Whether considered as a vacation rental investment, second home or personal residence, Unit 407 offers a unique opportunity for a buyer who understands the characteristics and potential of finite-term leasehold ownership.
Additional Information
- Island
- Kauai
- Utilities
- Cable Available, Electricity Available, Phone Available, Water Available
- View
- Coastline, Mountain(s), Ocean, Sunset
- Pool Features
- Gunite, In Ground
- Neighborhood
- Lee Kwai Beach Lots
- Subdivision
- Lee Kwai Beach Lots
- Frontage
- Road/Street
- Year Built
- 1969
- Building Name
- Sunset Kahili
- Sewer
- Septic Tank
- Annual Property Tax
- $3,513
- Monthly Maint
- $969
- Parking Features
- Assigned
- Lot Features
- Landscaped, See Remarks
- Unit
- 407
- Zoning
- R-10
- Water
- Public
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Listing courtesy of Hawai'i Modern Realty.
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