Skip To Content

1245 Kaumana Dr

Hilo, HI 96720
  • $1,400,000
  • STATUS: Active
  • ON SITE: 233 Days
  • MLS #: 647515
UPDATED: 37 min ago
$1,400,000
  • 9
    BEDS
  • 3
    ACRES
  • 4
    BATHS
  • 3
    1/2 BATHS
  • 4,062
    SQFT
  • $345
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1975
Area:

School Ratings & Info

Description

Huge potential!Home to the famed Kaumana Caves Inn Bed & Breakfast, this three acre property comes with three homes total and has preliminary approval for a six lot subdivision project.Water entitlements are already in place and construction plans have been submitted for the project, which is transferable to a new owner. A multi-phase appraisal was performed prior to listing and is available upon request.The Kaumana Caves Inn was a highly successful Bed & Breakfast operation prior to the COVID pandemic. Measuring nearly 2,000 square feet with towering open beam ceilings, the home enjoys plenty of natural light and good airflow. Redwood, Ohia and Oak abound throughout this open floor plan. Next door you'll find a dedicated outdoor gym and sauna area that are a hit with guests.Two other rental homes come with the property. Each is a three bedroom, 1,054 square foot Kamaaina-style build with good rental history.Mature landscaping includes Coffee, Lychee, Noni, Avocado, and Mountain Apple trees along with pineapple, lilikoi & other tropical fruits! The property backs into State-owned lands.Located just minutes from Hilo's downtown shopping & market districts and an hour's drive from Waikoloa Village & Kamuela, the property is well-located along the fastest growing coastline in the state of Hawaii.**The current owner has temporarily suspended Bed & Breakfast bookings due to COVID, but the license is transferable. Property is tenant occupied and to be shown by appointment only. Buyers and their agents to verify all details above regarding subdivision potential and transferability of both the subdivision project and Bed & Breakfast permit and any/all project entitlements & construction plans. Documentation available upon request.

Monthly Payment Calculator



© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2021-12-04T01:34:30.3.
www.alohakonarealty.com/homes/116087448
Print Image

1245 Kaumana Dr Hilo, HI 96720

  • Price: $1,400,000
  • Status: Active
  • On Site: 233 Days
  • Updated: 37 min ago
  • MLS #: 647515
9
Beds
4
Baths
3
½ Baths
3
Acres
4,062
SQFT
$345
$/SQFT
1975
Built
Neighborhood:
Ponahawai Houselots
Area:
South Hilo
Property Description
Huge potential!Home to the famed Kaumana Caves Inn Bed & Breakfast, this three acre property comes with three homes total and has preliminary approval for a six lot subdivision project.Water entitlements are already in place and construction plans have been submitted for the project, which is transferable to a new owner. A multi-phase appraisal was performed prior to listing and is available upon request.The Kaumana Caves Inn was a highly successful Bed & Breakfast operation prior to the COVID pandemic. Measuring nearly 2,000 square feet with towering open beam ceilings, the home enjoys plenty of natural light and good airflow. Redwood, Ohia and Oak abound throughout this open floor plan. Next door you'll find a dedicated outdoor gym and sauna area that are a hit with guests.Two other rental homes come with the property. Each is a three bedroom, 1,054 square foot Kamaaina-style build with good rental history.Mature landscaping includes Coffee, Lychee, Noni, Avocado, and Mountain Apple trees along with pineapple, lilikoi & other tropical fruits! The property backs into State-owned lands.Located just minutes from Hilo's downtown shopping & market districts and an hour's drive from Waikoloa Village & Kamuela, the property is well-located along the fastest growing coastline in the state of Hawaii.**The current owner has temporarily suspended Bed & Breakfast bookings due to COVID, but the license is transferable. Property is tenant occupied and to be shown by appointment only. Buyers and their agents to verify all details above regarding subdivision potential and transferability of both the subdivision project and Bed & Breakfast permit and any/all project entitlements & construction plans. Documentation available upon request.
Exterior Features

Design Single Wall Frontage Road/Street Land Tenure Fee Simple Lot Description GrassyInside Ocean Front N Pool N Roads CountyPrivatePavedUnpaved Topography Fairly Level Unit Description Single Family HomeSingle Level View ForestMountainSunrise

Interior Features

Appliances DisposalMicrowaveRefrigeratorRange/Oven Heating Cooling None Washer Dryer DryerWasher Window Coverings BlindsDrapes

Property Features

Assessed Value 639400 Assessment Year 2020 Distressed Standard Sale Features Ceilings-9'+Built-In-Book ShelvesCeiling-VaultedExterior LightingFloor DrainLandscapedSmoke/Heat DetectorTrack Lighting Lava Zone 3 Lot Number 69 Phone Service CellLand Line Power OverheadSolar/Photovoltaic Property Type Residential Sewer Cesspool Solid Waste Disposal Private Contractor Tax Key 325027002 Taxes 7097.00 Terms 1031 ExchangeCashConventional Tv Availability Cable Vehicle Parking CoveredAttached Water Municipal Zoning Rs-15

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Compass.


© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2021-12-04T01:34:30.3.
 
https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_2_647515-2.jpg https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_2_647515-2.jpg https://bt-photos.global.ssl.fastly.net/hawaii/orig_boomver_2_647515-2.jpg
Logo
Aloha Kona Realty, Inc.
75-5852 Alii Dr. V-14
Kailua Kona HI, 96740