88-1547 Puhala Ave, Captain Cook, HI 96704 (MLS # 727636)

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PRICE $1,295,000 BEDS 4 BATHS 3 HOME SIZE 1,878 sqft LOT SIZE 43,560.00 ac Request More Info Schedule a Showing

Puhala Hale offers a rare opportunity to own a slice of paradise on the South Kona Coast, where sweeping ocean and coastline views unfold from nearly every room. With 3,056 sq ft under roof, this thoughtfully designed home blends indoor and outdoor living with commanding "cruise ship" ocean vistas. The open-concept layout seamlessly connects the living, dining, and kitchen areas. This 4-bedroom, 2.5-bath residence sleeps up to 10 guests comfortably, featuring 2,384 sq ft of interior living space and 672 sq ft of covered lanai, all with 9-foot ceilings. Offered fully furnished and equipped, Puhala Hale is a fully operating 5-Star vacation rental with a transferable STVR permit and proven income: $141k (2025), $122k (2024), $160k (2023), and $125k (2022). Interior finishes include stranded bamboo flooring, travertine tile, granite counters and breakfast bar, spacious cabinetry, and a pantry. The primary suite offers ocean views, lanai access, a walk-in closet, and an en suite bath with double sinks and a tiled tub/shower. A versatile rec room includes a pool table, tiki bar, bamboo seating, entertainment cabinetry, and optional fifth bedroom use. Outdoor living shines with a covered lanai, recessed lighting, ceiling fans, and a 17' x 9' soft-side plunge pool surrounded by travertine decking. Situated at a comfortable 510-foot elevation on a 1-acre parcel in upper MiloliÊ»i, the property enjoys panoramic ocean views and evening lights of MiloliÊ»i and Kona. Approximately 15 minutes to groceries, dining, and services, with neighborhood access to Honomalino Black Sand Beach and MiloliÊ»i Bay tide pools. Major destinations include Two-Step (15 mi), Volcanoes National Park (60 mi), Kailua-Kona (30 mi), and Kona Airport (39 mi). Meticulously maintained and truly move-in ready, the home features a 10,000-gallon metal roof catchment system with chemical-free filtration, recently replaced appliances, upgraded fans, whole-house fan, and luxury carpet in the primary suite.