KEOKEA HILO, HI 96720

Features

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Facts

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Nestled in Keaukaha, a Big Island enclave steeped in authentic and complex Hawaiian history, this oceanfront property offers a rare opportunity within a culturally diverse community. Surrounded by three of the island's premier beach parks Keaukaha, Onekahakaha, and Keokea it boasts captivating views of Hilo town and the majestic Mauna Kea. With ownership spanning over 7 decades and 3 generations, the current owners seek individuals who will respectfully transform the land while preserving the essence of Old Hawaii. This presents a unique moment to create a landmark Hilo oceanfront estate or an exceptional hospitality business, both infused with authenticity and the natural aloha spirit. The location has V-.75 Resort-Zoning which allows for a permit to do short term vacation rentals; buyer and buyers agent to do their own due diligence in this matter. Other potentially allowed uses in V-.75 Resort Zoning can be found at the County of Hawaii Planning Dept. website. To be clear about oceanfront in Hawaii, most 'oceanfront' properties have a portion of State Land designation between the subject and the water and in this case, nothing in between except sand and rock formations. The natural anchialine pond on the property is brackish and abundant today with Tilapia. Explore the seashore for sealife including the protected Hawaii Green Sea turtle, whale watching, great fishing and surfing right in front of the house. A 1951 built, 72 year old home of 1,698 square feet with county records indicating it is 4 bedrooms and 2 bathrooms. Please review all attached photos with captions and the attached video and survey. Property is sold As Is. Buyer and Buyer's Agent to do their own due diligence. Given the condition of the home, any interested party is highly encouraged to engage a licensed contractor to evaluate the condition. Recently surveyed; see photos and video.