88-1968 MILOLII RD Captain Cook, HI 96704
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $450
Subdivision Milolii Beach Lots Subdivision
MLS Listing ID 724614
Bedrooms 3
Full Baths 2
Maintenance Fees $300
HOA Y/N No
Year Built 2009
Annual Tax Amount $877
Tax Year 2025
Lot Size 0.284 Acres
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 12362
Property Description
If you were to get a bank loan your mo/payment would be $2,922.81 (P&I on conventional 30 year @6%). In our scenario, you would only pay $2234.37/mo (Interest only payments for 3 years @ 5.5%) with owner finance. The $688.44 difference should cover Lava Zone 2 insurance costs for the 3 years ($574), giving you that time to better the 5.5 % interest rate a bank and obtain cheaper insurance if it becomes available. See the attached insurance quote.
Discover the freedom of your Hawaiian paradise in this beautifully designed, fully furnished, off-grid home overlooking the stunning blue waters of Milolii, Hawaii's only remaining ancient fishing village. Thoughtfully crafted for comfort, independence, and accessibility, this 3-bedroom, 2-bath retreat combines modern luxury and high end accommodations with sustainable island living. Step inside to find a fantastic open layout with tile flooring throughout and electric blinds in the living room that reveal breathtaking ocean and sunset views. The spacious kitchen features ample storage and an additional freezer, perfect for entertaining or extended stays. Enjoy effortless accessibility with A 750 pound lift elevator that is wheelchair accessible, connecting the carport to the main lanai area. Relax inside on the fine leather sectional or dine outdoors on the lanai with your Weber barbecue grill, surrounded by terraced rock walls and lush, tropical landscaping that create a private island oasis. This home is fully self-sufficient with an OWNED photovoltaic system, four backup batteries ( HELCO bill roughly $30/mo), two tankless hot water heaters; one electric for the kitchen and a propane one for the house, an ultraviolet water filtration system and high speed, fiber optic internet to keep you connected! Refresh in the outdoor shower, then unwind while watching the sunset paint the horizon.
Location
State HI
County Hawaii Island (big Island)
Community Milolii Beach Lots Subdivision
Area Hi
Zoning A-5A
Region South Kona
City Region South Kona
Interior
Window Features Blinds
Appliance Dishwasher, Disposal, Dryer, Microwave Hood, Other, Range, Refrigerator, Washer
Exterior
Parking Features Covered
Utilities Available Electricity Available
View Y/N Yes
Water Access Desc Catchment
View Ocean
Topography Terraced
Garage No
Private Pool No
Building
Sewer Septic Tank
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional, Purchase Money Mortgage
Listing Terms 1031 Exchange, Cash, Conventional, Purchase Money Mortgage
Special Listing Condition Fee Simple, Standard
Virtual Tour https://player.vimeo.com/video/1124040476
