Priced to sell!
This very nicely appointed front row unit boasts a very private location with a nice ocean view as well.
The Sellers enjoyed Kolea 5E as a sparingly used 2nd home for approximately 8 years until they purchased the Penthouse unit directly above 5E. After their renovation of the Penthouse was complete, they converted 5E into a rental in 2015. In 2016, the first full year 5E was in the Waikoloa Vacation Rental program, this unit had a gross income of over $100,000. Future bookings are just as strong. 5E already has significant bookings in 2018, including one booking for 2 months in the winter of 2018. With the purchase of 5E, a discriminating buyer will obtain the best of both worlds, a beautiful property that has been relatively sparingly used for most of its history that has been converted into a very successful vacation rental. This villa, with it’s stellar rental history achieved in a short period of time, should provide for its new owners an increasing revenue stream in the future.
And of course, this villa is located within Kolea, the premier development in the Waikoloa Beach Resort, and the only one with direct beach access. This Villa has an expansive ocean view over the roofs of the homes across the street, each of which are certainly among the finest single family residences in the Resort. Other features include: 9′ retractable doors, 422 SF of lanai, steel frame construction, an outdoor kitchen, African mahogany trim, tile floors, Viking and Subzero appliances. Within easy walking distance is the Kolea Beach Club, with its guest hales, workout facility, hot tub, children’s pool, and most importantly direct beach access to beautiful Anaeho’omalu Bay. A short stroll away are the King’s Shops and the Queen’s Marketplace, with their world class dining and shopping facilities. A new deluxe movie theater is scheduled to open this summer in the Queen’s Marketplace. Come live your dreams today!