Aloha and Welcome to this rare opportunity in Hawaiian Paradise Park, complete with an active, transferable Short-Term Vacation Rental (STVR) license!brbrNestled on a lush, mature property filled with swaying palm trees, landscaped gardens, vibrant hibiscus flowers, and tropical bamboo, this idyllic setting also includes fruit-bearing papaya trees and lilikoi plants for an authentic Hawaiian experience. With two renovated and permitted homes, the opportunities abound.brbrCurrently operating as a successful vacation rental business, this property generates a gross income of at least $6,000 per month.brbrThe larger home, built in 2002, is a cozy two-bedroom, one-bathroom layout offering approximately 672 square feet. The studio, a permitted 382 square-foot one-bedroom, one-bathroom retreat, was recently renovated in 2023 to include a fully updated kitchenette and bathroom crafted by Jay’s Custom Cabinets. Designed for relaxation and privacy, the studio also boasts a peaceful back deck with dual freestanding bathtubs to soak away any stress.brbrLocated on 32nd Ave., a quiet dead-end road off Makuu Drive, the property is both convenient and private. Fully fenced in, it offers a secure and tranquil atmosphere for guests or residents alike.brbrWith high-speed internet, beautiful landscaping, and all the amenities needed for a modern tropical getaway, this property is an exceptional investment opportunity in Hawaiian Paradise Park, an area with high demand for vacation rentals due to limited hotel accommodations in Puna.brbrEmbrace island living or seize a lucrative investment - the possibilities are endless!
Mls | 715404 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 2002 |
Days On Site | 34 |
Listing Provided By | Big Island Homes & Land Co., Ltd. | Jared C Gates |
Beds | 3 |
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Baths | 3 Total |
Sq Feet | 1,056 |
Zoning | A-1A |
Acreage | 1.00 |
State | HI |
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City | Keaau |
Zip Code | 96749 |
Area | Big Island |
Community Name | HAWAIIAN PARADISE PARK |
Listing VS Median (in HAWAIIAN PARADISE PARK) | |
Price: $550,000 low | high Med: $575,000 SqFt: 1,056 low | high Med: 1,700 $ / SqFt: $521 low | high Med: $338 On Site: 34 low | high Med: 11.000000 |