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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!
144968 Laimana Ave Pahoa 96778 is listed Courtesy of Kohala Coast Properties
This 5 bedroom, 3 bath Single Family Home at 144968 Laimana Ave Pahoa 96778 Located in Kapoho Beach Lots MLS 608146 has been listed on LocationsHawaii.com for 235 days and has been priced at $1,895,000
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