1 Bed
1 Bath
778 SqFt
1 Bed
1 Bath
778 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 778 sqft
Price per Sqft $640
Subdivision Lee Kwai Beach Lots
MLS Listing ID 733060
Bedrooms 1
Full Baths 1
HOA Fees $969/mo
HOA Y/N Yes
Rental Info 504
Year Built 1969
Annual Tax Amount $3,513
Tax Year 2026
Property Sub-Type Condominium
Source Hawaii Information Service
Property Description
Zoning allows short-term rental, offering an experienced vacation rental investor the opportunity to develop and implement their own operating strategy. Unit 407 is not currently operated as a short-term vacation rental, preserving flexibility for the next owner to determine how the property best fits their objectives.
The current lease term runs through June 14, 2042, creating a distinctive opportunity for buyers who understand leasehold ownership and how to evaluate a property within a defined ownership horizon. For an investor, that may include evaluating potential rental income, operating costs and capital recovery during the remaining lease term. A future lease extension could create meaningful additional investment upside beyond the current lease term; however, no lease extension is assured.
Cash purchase required. Whether considered as a vacation rental investment, second home or personal residence, Unit 407 offers a unique opportunity for a buyer who understands the characteristics and potential of finite-term leasehold ownership.
Location
State HI
County Kauai
Community Lee Kwai Beach Lots
Area Hi
Building/Complex Name SUNSET KAHILI
Zoning R-10
Region Koloa
City Region Koloa
Interior
Interior Features Meeting Room, Recreation Room, See Remarks
Hot Water Electric
Heating None
Cooling None
Flooring Carpet, Vinyl
Appliance Range, Refrigerator, Washer/Dryer Stacked
Exterior
Exterior Feature See Remarks
Parking Features Assigned
Pool Gunite, In Ground
Community Features See Remarks
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
View Y/N Yes
Water Access Desc Public
View Coastline, Mountain(s), Ocean, Sunset
Topography Fairly Level
Garage No
Private Pool Yes
Building
Lot Description Landscaped, See Remarks
Sewer Septic Tank
Others
Ownership CPR
Monthly Total Fees $969
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Leasehold, Standard
Nearby Locations
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