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    78-6626 ALII DR
    Kailua-kona, HI 96740
    SOLD
    $4,875,000
    Sold
    5
    Beds
    5
    Baths
    3
    Garage
    MLS# 708176

    Property Details

    Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or Ocean Song, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island. Situated on two oceanfront parcels spanning 174 of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast. Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors. With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts. Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset. This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors. Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast. Offering Memorandum available by request.

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    Property Highlights

    Price
    $4,995,000
    Property Type
    Residential
    Property Sub Type
    Single Family Residence
    Bedrooms
    5
    Total Bathrooms
    5
    Living Area
    2,758
    Price / Sq Ft
    $1,811
    Year Built
    1987

    Location

    Area
    North Kona (Big Island)
    Subdivision
    KAHALUU BEACH LOTS
    View
    Bay, HIS Coastline, HIS Sunset, Ocean, Ocean Horizon
    Waterfront
    Yes
    Zoning
    RS-7.5

    Property Details

    Price
    $4,995,000
    Property Sub Type
    Single Family Residence
    Property Type
    Residential

    Building

    Levels
    Two

    Interior Features

    Bedrooms and Bathrooms

    Bedrooms
    5
    Full Bathrooms
    5
    Total Bathrooms
    5

    Area and Spaces

    Living Area
    2,758

    Appliances

    Appliances
    Convection Oven, Dishwasher, Disposal, Electric Cooktop, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Wine Cooler

    Interior Features

    Flooring
    Ceramic Tile, Laminate
    Interior Features
    High Ceilings, Vaulted Ceilings
    Window Features
    Blinds

    Building Details

    Construction

    Year Built
    1987

    Terms

    Terms

    Ownership
    Full
    Special Conditions
    Fee Simple, Standard
    Special Terms
    1031 Exchange, Assumable, Cash, Conventional

    Taxes

    HOA

    HOA Fee Period
    Monthly

    Heating, Cooling & Utilities

    Cooling Features
    Cash, HIS Individual Cooling

    Utilities

    Sewer
    Cesspool
    Utilities
    Cable Available, Electricity Available, Phone Available

    Lot

    Lot Size
    14,530

    Exterior Features

    Exterior Features
    Lightning
    Fencing
    Stone, Wood

    Parking

    Garage Capacity
    3
    Parking Features
    Attached, Covered

    Pool Features

    Has Pool
    Yes
    Pool Features
    Heated, In Ground, Outdoor Pool
    Listed by Kw Big Island. Sold by KW Big Island.
    Listing Data last updated 07/19/2024 10:00 AM
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    Property History

    96 days ago
    Property information last updated
    97 days ago
    Date Sold
    145 days ago
    Status Active. This is the date the listing was placed on market.
    NOTE: Cumulative Days on Market: 145. Data provided by the MLS.

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    Listing Data last updated: 07/19/2024 10:00 AM
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    Situated on two oceanfront parcels spanning 174 of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast.

    Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors.

    With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts.

    Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset.

    This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors.

    Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast.

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    IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Island Lifestyle.