Updated Information 10/2/23: FULLY APPROVED BY THE COUNTY OF KAUAI AND THE HOA: Building Plans for an additional 4 bd house and an additional garage unit on this property. Nestled on just over a 1-acre lot surrounded by tropical zen gardens at Poipu Beach Estates, this Balinese-styled home is in the heart of sunny Poipu and walking distance to beaches, shopping centers (the Shops at Kukui’ula and Poipu Shopping Village), restaurants, galleries and cool local shops. This luxury home is in a quiet and peaceful neighborhood that offers plenty of privacy. All 4 bedrooms are primary suites with their own bathrooms and lanais to enjoy nature and get closer to paradise. This is also a fantastic buying opportunity for investors. This home is a legal vacation rental which is booked year-round and generates over $400K per year in gross rental revenue. It is being sold fully furnished, turn key and if a buyer wants to "inherit the future reservations (and income from them) that can be arranged. In addition, the garage unit is large and livable (has loft and bathroom) and is rented out with additional income potential. So many options but to top it all, the large 1.09-acre lot lot has plenty of space for you to legally build another 4-bedroom house plus an additional garage. Or CPR and sell part of land (recent land sale of comparable size in the community was $1M just for a 1/3rd acre lot). Existing plans for a future 4-bedroom, 1,800 sq ft home, plus a second garage, have received their final approval from the HOA (which can take up to a year) and THE COUNTY OF KAUAI, and will convey with the sale of the property. This parcel is also a candidate for a CPR All information is deemed reliable however Agents and Buyers must independently verify any info they deem material or important to their purchase or any offered price thereunder. Square footage should be confirmed by an appraisal report.
Listing courtesy of Coldwell Banker Island Properties - Kauai.
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