$1,389,000

414 Wailua Kai St

KAPAA HI, 96746

Description

Welcome to 17 Palms Kauai an immaculate 2-unit residential CPR in the Visitor Destination Area one block from the ocean. A quiet, private haven for the perfect Kauai getaway and/or income property. VDA means you can Reside in one or both, Short-term Rent one or both, Long-term Rent one or both, or Home Exchange one or both at will!

Combined gross income* for 2018 & 2019 (net of GET/TAT) was $294,681. 17 Palms Kauai has been run as a vacation rental property for over 15 years.

The Meli Meli cottage, CPR unit 1, is a two-bedroom, one bath home with a fully equipped kitchen and laundry. It is decorated in a whimsical South Seas dcor and has vaulted ceilings, polished concrete floors, and an open concept living room/dining room floor plan. (see VR video**)

The Hale Iki cottage, CPR unit 2, is a one-bedroom, one bath home also with a fully equipped kitchen and laundry. It is decorated with Asian inspired dcor, has wide-plank painted & stenciled floors, and also boasts an open floor plan. (see VR video**)

The property is only one block from the Coconut Marketplace, Lava Lava Beach Club, Kinipopo Shopping Village and many nearby shops, grocery stores, farmer's markets, restaurants and coffee houses. So much so near..!

This licensed, vacation rental property is being sold fully furnished and turnkey. Sale includes two-unit CPR TMKs 4-4-3-1-13-1&2, website, all transferable third-party advertising, and a completed fractional ownership plan.


** Virtual Reality tour of the property: https://vrtours.360vrhawaii.com/414-wailua-kai-street/u/

Details

MLS#640350
Listing TypeFor Sale
StyleHouse
Sub-TypeFee Simple
StatusContingent
Year1990
Days On Site140

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,450
Acreage0.23

Market Activity 96746

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Area Information
StateHI
CityKAPAA
Zip Code96746
AreaKauai
Community NamePAPALOA TRACT
Listing VS Median (in PAPALOA TRACT)
Price:
$1,389,000
low | high
Med:
$1,389,000
50% of Average
SqFt:
1,450
low | high
Med:
1,450
50% of Average
$ / SqFt:
$958
low | high
Med:
$958
50% of Average
On Site:
140
low | high
Med:
140
100% of Average
Listing Updated: November 25, 2020 8:33:25 PM PST
Ross Martineau LogoMLS Number: 640350
Listing Provided By:
Ross Martineau  of  Oceanfront Sothebys International Realty

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.