$1,795,000

28-3296 Beach Road

Pepeekeo HI, 96783

Description

VACATION RENTAL PERMIT ON THE OCEAN! A perfect retreat home and property to hide out and be self-sufficient while surrounded by gorgeous rolling green pastures running to the blue sparkling sea. 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, 3/3.5 vacation rental as a prior non-conforming 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. approx. 10 miles from historic Hilo Bay. The portion of land where the home is located spans 1.97 ac. however the sale also includes an additional large, private recorded easement, a walking path extending 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 pre-covid and, will be busy again soon. The rental revenues are likely to exceed historical numbers given the ban on many vacation rentals located on agriculturally zoned land. The fact that this property is legal for that use is valuable if income is your goal. Modern luxury w/Craftsman details are uniquely embodied in the main home of 4 bedrooms and 3.5 baths for a total of 3,311 sqft. of living space. Every detail was carefully selected, and quality crafted to compliment the combination of concrete accent 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 not only safe and private but independent. An oversized 850 sqft. garage with a workshop and a multi-purpose room upstairs adds even more value. OWNER FINANCING MAY BE AVAILABLE w/a substantial down and acceptable credit. NOTE: STVR PERMIT IS FOR 3/3.5.

Details

MLS#643148
Listing TypeFor Sale
StyleHouse
Sub-TypeFee Simple
StatusActive
Year2015
Days On Site18

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet3,311
Garage1
PoolYes
Acreage1.97
Water FrontYes
Property ViewYes
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Area Information
StateHI
CityPepeekeo
Zip Code96783
AreaBig Island
Community NamePEPEEKEO POINT SUBDIVISION
Listing VS Median (in PEPEEKEO POINT SUBDIVISION)
Price:
$1,795,000
low | high
Med:
$1,335,000
75.626740947075% of Average
SqFt:
3,311
low | high
Med:
2,540
73.286016309272% of Average
$ / SqFt:
$542
low | high
Med:
$574
44.049549766492% of Average
On Site:
18
low | high
Med:
209
8.612440191388% of Average
Listing Updated: 10/22/2020
Rebecca Hirsch-Keliihoomalu LogoMLS Number: 643148
Listing Provided By:
Rebecca Hirsch-Keliihoomalu  of  Elite Pacific Properties LLC

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