28-3296 BEACH ROAD $1,655,000

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    28-3296 BEACH ROAD Pepeekeo, HI 96783

    Contingent
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    • 4 Beds
    • 3.01 Baths
    • 3,411 sq. ft.
    • Single Family
    • MLS# 643148
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    Views: 54 Days On Site: 223

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    Property Details

    VACATION RENTAL PERMIT ON THE OCEAN! A perfect retreat home and property to hide out and be self-sufficient while surrounded by gorgeous rolling green pastures running to the blue sparkling sea. This property may be the only agriculturally zoned vacation rental on the coast with a renewable and transferable legal permit to operate a short-term, 3/3.5 vacation rental as a prior non-conforming use. Oceanfront and located on the pristine, low-density Hamakua Coast of the Big Island, this estate is on the private, gated and desirable Beach Rd. approx. 10 miles from historic Hilo Bay. The portion of land where the home is located spans 1.97 ac. however the sale also includes an additional large, private recorded easement, a walking path extending all the way to the stunning, rugged cliffs overlooking the Pacific Ocean. As an investment, the home has a proven history as a short-term vacation rental pre-covid and, will be busy again soon. The rental revenues are likely to exceed historical numbers given the ban on many vacation rentals located on agriculturally zoned land. The fact that this property is legal for that use is valuable if income is your goal. Modern luxury w/Craftsman details are uniquely embodied in the main home of 4 bedrooms and 3.5 baths for a total of 3,311 sqft. of living space. Every detail was carefully selected, and quality crafted to compliment the combination of concrete accent walls as well as concrete and hardwood flooring, unique fans and light fixtures, interior and exterior hand-mixed colors, local island woods, and abundant glass. The home is also a tribute to self-sufficient living w/a full photovoltaic 34 panel, 260-watt system and a private well making the home not only safe and private but independent. An oversized 850 sqft. garage with a workshop and a multi-purpose room upstairs adds even more value. NOTE: STVR PERMIT IS FOR 3/3.5.

    • General Features
      • Subdivision PEPEEKEO POINT SUBDIVISION
      • Location 28-3296 BEACH ROAD
      • Land Tenure Fee Simple
      • Interior Area Total 3,411
      • Full Bathrooms 3
      • Three-Qtr Bathrooms 0
      • Half Bathrooms 1
      • One-Qtr Bathrooms 0
      • Security Gated Community, Other (remarks)
      • Pool Y
      • View Coastline, Mountain, Ocean, Ocean Horizon, Pasture, Other (remarks), Sunrise
      • Oceanfront Parcel N
      • Taxes Annual $9,070
      • Fees-Total (Monthly) $78
    • Building Features
      • Design Concrete, Double Wall, Loft Space, Other (remarks)
      • Floor Covering Concrete, Hardwood, Laminate, Stone, Other (remarks)
      • Appliances Disposal, Dishwasher, Microwave, Refrigerator, Range/Oven, Other (remarks)
      • Features Ceilings-9'+,Built-in-Book Shelves,Ceiling-Cathedral,Inventory,Landscaped,Office,Recreation Area,Storage Area,Smoke/Heat Detector,Other (remarks),Bar-Wet,Walking/Jogging Path
      • Washer Dryer Dryer, Washer
      • Window Coverings Other (remarks)
      • Telephone Availability Cell, Land Line, Satellite
      • TvV Availability Satellite
    • Property Features
      • Land Area 85,813
      • Topography Fairly Level, Gentle Slope, Other (remarks)
      • Lot Description Land Clear, Grassy, Other (remarks)
      • Frontage Almost Oceanfront,Pasture,Preservation,Rocky Beach,Other (remarks)
      • Roads Private, Paved, Other (remarks)
      • Parking Description Detached
      • Garage Area Total 850
      • Fence Wall Rock/Stone, Wire
      • Water Private, Other (remarks), Wells
      • Wastewater Septic
      • Solid Waste Disposal Trash None
      • Power Gas, Solar/Photovoltaic, Other (remarks), Underground

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    Neighborhood

    96783 (Pepeekeo) Demographics

    44 Median Age
    102 Population Density (per sq. mile)
    45% College Educated
    $43,056 Estimated Median Income
    451 Estimated Total Home Owners
    195 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    1,999 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,050,000 Median Sales Price
    2 Homes Sold
    1 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,655,000
        4/22/2021 7:18:36 AM Status Changed Source New Value: Contingent
        1/18/2021 8:18:39 AM Price Reduced Source New Value: $1,655,000 -7.8%
        10/5/2020 7:49:00 AM New in Database Source New Value: $1,795,000

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        Based on information from MLS Hawaii, Inc. d/b/a Hawaii Information Service, listings last updated on 5/16/2021 2:20:00 PM. All information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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        Cheryl Dillon, RB-18551, James W. Wright, RB-16206, 1-808-735-7888