414 WAILUA KAI ST KAPAA HI 96746 | MLS 623909

414 WAILUA KAI ST
KAPAA, HI, 96746
$1,479,000
3 Beds
2 Baths
1,500 SqFt
0.23 Acres
Welcome to 17 Palms Kauai! This two-unit CPR is in the VDA on Kauai’s east side and consists of two top-rated vacation rental cottages (2018 gross income for property (net of GET/TAT) was $143,538 and 2019 YTD (as of 11/01/19) is $135,340) in a private garden oasis, steps from the beach path leading to Wailua Bay. The property is only one block from the Coconut Marketplace, Lava Lava Beach Club, Kinipopo Shopping Village and many nearby shops, grocery stores, restaurants and coffee houses. You can walk, run or ride bikes along the east shore path over eight miles of coast just by going out the back gate.

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 décor and has vaulted ceilings, polished concrete floors, a spacious living room/dining room, a built-in punee/couch and a glass dining table resting atop the trunk of a coconut tree! The airy master bedroom has a king-sized bed, while the second bedroom has two twin beds – both rooms have sizable closets and vintage bureaus. The bathroom is equipped with a full tub and shower.

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 décor. The living room has a large L-shaped couch and an armoire that hides the TV. This connects to the dining area with teak table and chairs. The bedroom has a queen-sized bed, vintage dresser and spacious closet. The bathroom has a full tub and shower.

Property upgrades include: roofs, gutters, windows, septic system (shared), Hale Iki lanai rebuild, BBQ area with outdoor seating (shared), and complete exterior painting.

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

Property Details

Price:
$1,479,000
MLS #:
623909
Status:
Active
Beds:
3
Baths:
2.00
Address:
414 WAILUA KAI ST
Type:
Single Family
City:
KAPAA
Listed Date:
Dec 7, 2018 (367 days)
State:
HI
Square Ft (approx):
1,500
ZIP:
96746
Subdivision:
Papaloa Tract
Lot Size:
10,085 sqft / 0.23 acres (approx)
Year Built:
1989

Schools

Interior

Appliances
Dishwasher, Microwave, Refrigerator, Range/Oven
Baths Full
2
Floor Cover
Hardwood
Heat Cool
Air Conditioning
Power
Overhead
Wshr Dryr
Dryer, Washer

Exterior

Car Stg
Assigned
Land Area
10085
Pool
N
Roads
County
Wastewater
Septic

Financial

Assessed Val
769400
Assn Dues
0.00

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disclosure
Courtesy of Oceanfront Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Hawaii Information Services. Detailed information about real estate listings held by brokerage firms other than Kauai Prime Realty, LLC include the name of the listing broker. Neither the listing company nor Kauai Prime Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2019. Hawaii Information Services. All rights reserved.
414 WAILUA KAI ST
KAPAA, HI
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