$1,895,000
Active


  • MLS# 608146
  • Residential
  • 5 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,620 SQFT
  • Puna


This Famous, One-of-a-kind, Ocean-side Oasis is an Income Producing Private Estate, consisting of Five Secluded Structures on the East Side of the Big Island. Property is known by world-class travelers as, “Shangri-La.” Islands Magazine ranked it No. 9 in the top 10 Best Luxury Villas in the World! 2016 Income exceeded $200k and has great upside depending on Owner’s use. 2016 Cap Rate over 9%. Estate located in Kapoho Beach, the only Gated, Ocean Front community on the East Side of the Island. Kapoho is known to have the Cleanest Air on Earth. Three contiguous parcels recently consolidated to create over half an acre of Fresh and Saltwater Therapeutic Bathing Lagoons averaging 90 degrees year-round. Structures: The Round House, The Guest House Bungalow, The Island Balinese Hut (accessed by footbridge) and the Main Hale with two King Bedrooms and Luxurious Indoor and Outdoor Bathrooms. The Outdoor Bathroom has an Outdoor Shower, Japanese Tub, Vanity and Sauna. Second Outdoor Bathroom for the Guest House and next to a Waterfall. Lagoon refreshed daily by the Tides. The Crystal-clear, Fish-filled Pond is your Private Aquarium. Total lot size: 22,000 Sqft. Land area: (not including lagoon) 14,000 Sqft. 2-car garage, parking for 3 additional cars in the compound. New Owner could remodel or build new home up to approximately 8K Sqft. Current SF of interior living space is 2,620. Improvements since 2007 over $400K: High-end Synthetic Roofing, Remodeled Guest House, New Garage Roof, Bali-Hut Roof, Appliances, Mirrored Wardrobes, Range/stove, Patina Concrete Flooring, Exotic Outdoor lighting and Pond Lights in the Lagoon for amazing Night Swims. New Fencing, Rock Walls and Landscaping. Maintained in Excellent Condition. A one-minute walk to the Open Sea and five minutes to the World-famous Champagne Pond. Hilo Airport is 30 minutes. Shangri-La is: “A remote paradise on earth; a distant and secluded hideaway of great beauty and peacefulness.” This is it!

Presented By
Clark Realty Corporation's Photo 855-472-1944

Days On Market
232
Assessed Value
$1,045,500
Annual Property Tax
$3,500
Tenure
Fee Simple
Tax Key (TMK)
Association Fee
$50 Monthly
Acres
0.51
Subdivision
Kapoho Beach Lots
Pool
Yes

Interior

Flooring
Concrete
Hardwood
Slate
Other (remarks)
Appliances
Gas Grill
Microwave
Refrigerator
Range/Oven
Microwave Hood
None
Window Coverings
Blinds
Curtains
Drapes
Shutters
Yes
Washer/Dryer
Dryer
Front Load
Washer

Exterior

Zoning
RS-10
Flood Zone
X
Garage Spaces
2
Parking
Covered
Detached
Design
Remodeled
Rustic
Wood Frame
Single Wall
Lot Description
Grassy
Design
Remodeled
Rustic
Wood Frame
Single Wall
Topography
Fairly Level
Rolling Terrain
Frontage
Almost Oceanfront
Road/Street
Other (remarks)
Fencing
Chain Link
Rock/Stone
Wooden

Building Features

Year Built
1990-2000
Kitchen
Eat in Nook
Pantry
Countertops
Ceramic Tile
Fireplace Location
None
Roof Design
Custom/Specialty
Steel/Metal
Exterior Finish
Above Ground
Bamboo
Glass
Redwood/Cedar
Slab
Stone
Masonry/Stucco
Wood
Driveway
Gravel
Other Features
None
Basement
None
Water Heater
Electric

Utilities

Power
Gas
Overhead
Water
Private
Wastewater
Septic
Telephone
Cell
Land Line
TV
Satellite
Internet
DSL
Satellite
Wireless
Solid Waste Disposal
Private Contractor

Select a Point of Interest and Radius from the form above.

Puna

The fastest growing district in Hawaii, enigmatic Puna is often said to be where the Volcano goddess Pele, of Hawaiian legend, is active in her workshop. Kilauea’s ongoing eruption continues to expand Puna's coastline, spilling layer upon layer of lava into the ocean.

Sometimes called "the last Hawaiian frontier," Puna real estate is considered to be the most affordable in the state. Several large subdivisions in the district were originally developed with minimal infrastructure, so those who thrive in rural East Hawaii quickly learn the importance of living in harmony with the land and weather patterns. Many residents even opt for off-grid living. A stop at the Sunday Maku'u Farmers Market is a great way to see first-hand the community commitment to promoting local food and the local economy.

Crossing into Puna from South Hilo, Keaau is the first commercial center you encounter. Both Keaau and agriculturally fertile Kurtistown are accessed from Highway 11. Orchidland Estates and Hawaiian Paradise Park are the first large rural subdivisions along Highway 130, which branches off to the southeast from Highway 11. Most properties in these subdivisions are in rainwater catchment water areas and many are on unpaved roads. 

Puna Makai (makai means “toward the sea”) includes the easternmost point on the Big Island where you will find the Kapoho Kumakahi Lighthouse, the subdivisions of Hawaiian Beaches and Leilani Estates, the town of Pahoa and the rugged coastal areas beyond. Pahoa, the eclectic commercial hub of Puna Makai, is a gathering place for rural East Hawaii residents and home to several restaurants, shops, Malama Market and the Pahoa Skatepark. 

Higher in elevation is the town of Mountain View and the subdivisions of Hawaiian Acres, Fern Acres, Fern Forest and Eden Roc. These communities comprise Puna Mauka (mauka means “toward the mountain”). While parts of Kurtistown and Mountain View are agriculturally rich areas where deep soil can be found, the subdivisions to the left of Highway 11 sit atop old lava flows. Residents will tell you that the abundant rainfall of this area is a blessing and a challenge. Maintaining a property here takes dedication--and a good arsenal of lawn-care tools.

Surrounded by lush rainforest filled with native trees and green hapu’u ferns, Volcano, at approximately 4,000 ft above sea level, has a very different ecology and climate than coastal Puna.  Temperatures can drop dramatically at night so many homes at this elevation are built with fireplaces or cozy wood-stoves. Often, Volcano homes are vacation escapes for owners who live on the mainland or on urban Oahu. There is a thriving Bed and Breakfast economy here, attracting tourists visiting the Hawaii Volcanoes National Park.  Ohia Estates and Mauna Loa Estates are subdivisions located just across the highway from nearby Volcano Village, where Big Island residents and visitors alike gather at Village restaurants or the Sunday morning Cooper Center Farmers Market.


Please Note: This calculator is designed for research and comparison purposes only. For pre-qualification and a rate quote from a qualified local lender, please contact us and we will connect you with a lender.

Interest rate, taxes, insurance, PMI payments, etc., displayed above are estimates only and are subject to change based on market conditions and individual financial circumstances. Clark Realty Corporation is not a lender and does not guarantee that the rate and terms displayed above can be obtained.


Listed By Kohala Coast Properties

© MLS Hawaii, Inc., All rights reserved. Listing information above provided by Hawaii Information Service, a Multiple Listing Service. This information is deemed reliable but is not guaranteed.


Follow Us
Marketing Partners
  • WQC
  • Leading Real Estate Companies of the World
  • Luxury Portfolio
  • Global Home Search

Property Compare