73-1082 Mahilani Dr, KAILUA-KONA, HI 96740 (MLS # 713735)

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PRICE $699,000 BEDS 1 BATHS 1.5 HOME SIZE 1,192 sqft LOT SIZE 8,712 sqft Request More Info Schedule a Showing

Dream Custom Home in Hawaii: Unique Investment Opportunity

Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.

Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.

Currently livable at 1,192 sqft, this 1-bed, 1.5-bath home can be finished to a 3/2.5 in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.

Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16" rain head. Wide plank European oak floors add a touch of elegance.

The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines obstruct your views. Situated at the bottom of a quiet street, this home offers peace and privacy.

This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.

Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee.

Cash or 1031 exchange only.