Price Reduction - Waterfront - Seller Financing
Address
28-3296 BEACH ROAD Pepeekeo, HI
Price
$ 1,655,000
Property Attributes
  • MLS#643148
  • TypeSingle Family
  • CountyHAWAII
  • CityPepeekeo
  • AreaHamakua Coast S. Hilo
  • NeighborhoodPEPEEKEO POINT SUBDIVISION
  • Zip96783
  • Style
  • Year Built2015
  • Taxes9070
  • Price$ 1,655,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3311
  • Lot Size1.97 Acres
Listing Provided Courtesy Of:
Corcoran Pacific Properties
Property 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.

Price History
10/5/2020 Listed $1,795,000
1/18/2021 8% - $1,655,000

General Features

Appliances Disposal, Dishwasher, Microwave, Refrigerator, Range/Oven, Other (remarks)
District Hamakua Coast S. Hilo
Exterior Area (total) 864
Features Ceilings-9'+, Built-in-Book Shelves, Ceiling-Cathedral, Inventory, Landscaped, Office, Recreation Area, Storage Area, Smoke/Heat Detector, Other (remarks), Bar-Wet, Walking/Jogging Path
Internet Availability Satellite, Wireless
Land Tenure Fee Simple
Location 28-3296 BEACH ROAD
Lot Number 16
Power Gas, Solar/Photovoltaic, Other (remarks), Underground
Property Type Residential
Security Gated Community, Other (remarks)
Subdivision PEPEEKEO POINT SUBDIVISION
Subdivision Abbreviated Name PEPEEKEO POINT
Telephone Availability Cell, Land Line, Satellite
Topography Fairly Level, Gentle Slope, Other (remarks)
Tv Availability Satellite
View Coastline, Mountain, Ocean, Ocean Horizon, Pasture, Other (remarks), Sunrise
Wastewater Septic
Water Private, Other (remarks), Wells
Zoning A-20A

Interior Features

Floor Covering Concrete, Hardwood, Laminate, Stone, Other (remarks)
Washer/dryer Dryer, Washer
Window Coverings Curtains, Other (remarks)

Exterior Features

Design Concrete, Double Wall, Loft Space, Other (remarks)
Fence/wall Rock/Stone, Wire
Frontage Almost Oceanfront, Pasture, Preservation, Rocky Beach, Other (remarks)
Garage Area (total) 850
Land Area 85813
Lot Description - Land Clear, Grassy, Other (remarks)
Pool Type Concrete/Gunite, In Ground, Pool Equip, Other (remarks)
Pool Y/N Yes
Roads Private, Paved, Other (remarks)
Structures Yes
Vehicle Storage/parking Detached

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 96783

Price
AVG $1.38M
$1.66M
Taxes
AVG $7,431
$9,070
Visits
AVG 25
19
Year Built
AVG 1998
2015

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.