414 WAILUA KAI ST #1&2 $1,389,000


    414 WAILUA KAI ST #1&2 KAPAA, HI 96746

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    • 3 Beds
    • 2 Baths
    • 1,450 sq. ft.
    • Single Family
    • MLS# 640350
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    Views: 326 Days On Site: 192

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    Property Details

    Description Tours

    Welcome to 17 Palms Kauai & an immaculate 2-unit residential CPR in the Visitor Destination Area one block from the ocean. A quiet, private haven for the perfect Kauai getaway and/or income property. VDA means you can Reside in one or both, Short-term Rent one or both, Long-term Rent one or both, or Home Exchange one or both & at will!

    Combined gross income* for 2018 & 2019 (net of GET/TAT) was $294,681. 17 Palms Kauai has been run as a vacation rental property for over 15 years.

    The Meli Meli cottage, CPR unit 1, is a two-bedroom, one bath home with a fully equipped kitchen and laundry. It is decorated in a whimsical South Seas décor and has vaulted ceilings, polished concrete floors, and an open concept living room/dining room floor plan. (see VR video**)

    The Hale Iki cottage, CPR unit 2, is a one-bedroom, one bath home also with a fully equipped kitchen and laundry. It is decorated with Asian inspired décor, has wide-plank painted & stenciled floors, and also boasts an open floor plan. (see VR video**)

    The property is only one block from the Coconut Marketplace, Lava Lava Beach Club, Kinipopo Shopping Village and many nearby shops, grocery stores, farmer's markets, restaurants and coffee houses. So much so near..!

    This licensed, vacation rental property is being sold fully furnished and turnkey. Sale includes two-unit CPR TMK's 4-4-3-1-13-1&2, website, all transferable third-party advertising, and a completed fractional ownership plan.

    ** Virtual Reality tour of the property: https://vrtours.360vrhawaii.com/414-wailua-kai-street/u/

    • General Features
      • Subdivision PAPALOA TRACT
      • Land Tenure Fee Simple
      • Interior Area Total 1,450
      • Full Bathrooms 2
      • Three-Qtr Bathrooms 0
      • Half Bathrooms 0
      • One-Qtr Bathrooms 0
      • Pool N
      • Oceanfront Parcel N
      • Unit Description Single Family Home, Single Level
      • Taxes Annual $7,871
    • Building Features
      • Floor Covering Concrete, Hardwood
      • Appliances Dishwasher, Microwave, Refrigerator, Range/Oven, Range Hood
      • Features Ceilings-9'+,Landscaped
      • Washer Dryer Dryer, Washer
      • Window Coverings Blinds
      • Telephone Availability Cable, Cell, Land Line
      • TvV Availability Cable
    • Property Features
      • Land Area 10,085
      • Roads County
      • Parking Description Assigned
      • Fence Wall Wooden
      • Water Municipal
      • Wastewater Septic
      • Solid Waste Disposal Trash County-Charge
      • Power Overhead


    Ross Martineau

    Ross Martineau

    REALTOR® Broker-in-Charge


    Lihue Office

    Cell: 808-639-1873


    96746 (KAPAA) Demographics

    43 Median Age
    380 Population Density (per sq. mile)
    43% College Educated
    $67,649 Estimated Median Income
    4,169 Estimated Total Home Owners
    2,504 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    19,478 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $700,000 Median Sales Price
    28 Homes Sold
    28 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: $1,389,000
        11/25/2020 12:18:36 PM Status Changed Source New Value: Contingent
        10/29/2020 10:18:38 AM Price Reduced Source New Value: $1,389,000 -3.47%
        7/9/2020 9:19:00 AM New in Database Source New Value: $1,439,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from MLS Hawaii, Inc. d/b/a Hawaii Information Service, listings last updated on 1/17/2021 12:51:58 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.