77-361 Mele Pl, Kailua Kona, HI 96740 (MLS # 730851)

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PRICE $1,500,000 BEDS 4 BATHS 3 HOME SIZE 3,546 sqft LOT SIZE 10,098.00 ac Request More Info Schedule a Showing

Spacious Kuakini Heights Home with Rental Potential Property Overview: Located on a quiet cul-de-sac in the established Kuakini Heights neighborhood, 77-361 Mele Place offers an incredibly flexible floor plan with immense potential. While the home is awaiting updates and your personal touch, it represents a fantastic value-add opportunity for investors, DIY-enthusiasts, or buyers looking for an entry point into the Kona market. This property is priced aggressively at just $12,500 above its current county tax assessed value making it a compelling opportunity to build immediate sweat equity. Main Living Area (Upstairs): The upper level features a spacious 3-bedroom, 2-bathroom layout. While there is no current ocean view, a buyer could unlock a view of the water by strategically trimming the property's mature mango trees. Lower Level & Income Potential: Offering privacy and separation, the lower level features a 1-bedroom, 1-bathroom layout complete with a kitchenette and a living area. This space benefits from its own separate entrance and a dedicated secondary carport, making it highly functional for extended family living or as a long-term rental to help offset the mortgage. Agent Notes on Condition & Photos: Photos are currently limited as the seller is actively making repairs to the lower level and the property's lanais. Bring your contractor and your vision to see the possibilities this property holds. Location: Kuakini Heights offers an ideal, central location. You are tucked away in a peaceful neighborhood near the popular Walua Trail, yet just minutes down the hill to the dining, shopping, and amenities of both the Keauhou Shopping Center and downtown Kailua-Kona.