1245 Kaumana Dr
$1,400,000
Price:
$1,400,000
Bedrooms:
9
Bathrooms:
4.03
MLS:
(ACTIVE) 647515
Interior Area:
4,062 sqft
Price/sqft:
$345
Year Built:
1968
Lot Size:
3.00 acre(s)
Land Tenure:
Fee Simple
Property Type:
Single Family
On Market:
Apr 13, 2021
Updated:
Jul 30, 2021
Foreclosure:

Listing Remarks

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.

Property Location

Public Reports

Other Details

Address: 1245 Kaumana Dr , Ponahawai Houselots 96720
Lat/Long: 19.69155 | -155.12271606
Taxkey: 3250270020000
Lot Number: 69
Property Type: Single Family
Bedrooms: 9
Total Baths: 4.03
Full Baths: 4
Half Baths: 3
Living Area: 4,062 sqft
Land Area: 3.00 acre(s)
Oceanfront Parcel: N
Pool: N
Annual Tax: $7,097
Assessed Value: $639,400
Assessment Year: 2020
Zoning: RS-15
Assessed Land Value: $185,600
Assessed Improvements Value: $302,800
Annual Tax (Year): 2015
Garage Area: 0 sqft
Car Storage:
  • Covered
  • Attached
Appliances:
  • Disposal
  • Microwave
  • Refrigerator
  • Range/Oven
Design:
  • Single Wall
Features:
  • 9 Foot Ceilings
  • Built-in Book Shelves
  • Vaulted Ceilings
  • Exterior Lighting
  • Floor Drain
  • Landscaped
  • Smoke/Heat Detector
  • Track Lighting
Heating/Cooling:
    None
Lot Description:
  • Grassy
  • Inside
Roads:
  • County
  • Private
  • Paved
  • Unpaved
Topography:
  • Fairly Level
TV Availability:
  • Cable
Unit Description:
  • Single Family Home
  • ,
  • Single Level
Washer/Dryer:
  • Dryer
  • Washer
Sewage:
  • Cesspool
Window Coverings:
  • Blinds
  • Drapes
The View:
  • Forest
  • Mountain
  • Sunrise