57-020 Kuilima Dr #114

Ocean Villas at Turtle Bay
57-020 Kuilima Dr #114
Kahuku, HI 96731

For Sale

Sold

Sold Price

$3,738,000 (FS)

List Price

$3,988,888 (FS)

Property Type:: Condo/Townhouse
Bedrooms:: 3
Full Baths:: 2
Half Baths:: 0

Land Area (sf):: --
Living (sf):: 1,411
Lanai (sf):: 135
Other (sf):: --

Parking Stalls:: 1 - Assigned, Guest, Open - 1, Secured Entry

MLS #:: 202201947
Island:: Oahu
Region:: North Shore
Neighborhood:: KUILIMA
TMK:: 1-5-7-001-013-0014

List Date:: February 02, 2022
Date Sold:: March 29, 2022

REMARKS:

Ocean Villa #114 is one of the most beautiful & luxuriously renovated properties on the North Shore of Oahu. This rarely available 3 Bed 2 Bath Villa comes fully furnished rents nightly for $1, 000/nt to $2, 500/nt. (Most other homes and condos require a 30 day min rental.) With it's very high occupancy rate & high cap rate, Ocean Villas #114 is the rare unicorn in its cash flow potential. With high-end finishes, chestnut hardwood floors, travertine marble, granite counters, 2 large bunk beds, 6 beds in total, & a living room pull out queen sofa, Ocean Villas #114 can easily & luxuriously sleep 10 people. All luxury appliances, furnishings, artwork, kitchenware, linens, & future bookings are included. Turn-key! Situated seconds away to a playful swimming beach & cove, Ocean Villas is gated and also has direct access to a heated pool, jacuzzi, and BBQ's. Within the resort is the beautiful 5 Star Turtle Bay Hotel, world class golf, restaurants with fine dining, surf, heli tours, 15min helicopter shuttle to HNL, & oceanfront horse trail rides. Very close to Pipeline, Waimea, & Haleiwa town. Welcome home to paradise!

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PROPERTY INFORMATION:

Zoning:: 21 - Resort
Furnished:: Full

Year Built:: 2005
Year Remodeled:: 2020

FINANCIAL INFORMATION:

Assd. Val. Land:: $406,400
Assd. Val. Imprv:: $1,604,100
Assd. Val. Total:: $2,010,500

Tax Year:: 2021
Monthly Taxes:: $2,220
Home Exempt.:: No

Maintenance Fees:: $1,495/mo.
Association Fees:: --/mo.
Other Fees:: $38/mo.

SCHOOLS:

Elem. School:: Kahuku
Middle School:: Kahuku
High School:: Kahuku

OTHER PROPERTY FEATURES:

Frontage:: Ocean
View:: Coastline, Ocean
Pool:: --
Amenities:: BBQ, Heated Pool, Pool on Property, Security Guard, Storage, Wall/Fence, Whirlpool
Inclusions:: AC Central, Cable TV, Ceiling Fan, Chandelier, Dishwasher, Disposal, Drapes, Dryer, Kitchenware, Linens, Microwave, Range Hood, Refrigerator, Washer, Water Heater
Security:: Gated Community, Security Patrol, Video
Assn. Fee Inclusions:: Cable TV, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Association, Maintenance

Lot Description:: --
Topography:: --
Number of Stories:: Three
Building Style:: Condotel, Low-Rise 6 or Less Stories
Property Condition:: Excellent
Construction:: Concrete, Double Wall, Masonry/Stucco, Steel Frame, Wood Frame
Roofing:: --
Floor Covering:: Ceramic Tile, Hardwood

Disclosures:: 1031 Exchange, Property Disclosure Stmt
Possession:: At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Dual Systems

Exclusions:: --
Easements:: --
Set-Backs:: --

Compensation*:: 2.5
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, April 19, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of HomeSmart Island Homes