77-361 MELE PL Kailua Kona, HI 96740
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,546 sqft
Price per Sqft $423
Subdivision Kuakini Heights Subdivision
MLS Listing ID 730851
Bedrooms 4
Full Baths 2
Three Quarter Bath 1
HOA Y/N No
Year Built 1978
Annual Tax Amount $99
Tax Year 2025
Lot Size 10,098 Sqft
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 10098
Property Description
Property Overview:
Located on a quiet cul-de-sac in the established Kuakini Heights neighborhood, 77-361 Mele Place offers an incredibly flexible floor plan with immense potential. While the home is awaiting updates and your personal touch, it represents a fantastic value-add opportunity for investors, DIY-enthusiasts, or buyers looking for an entry point into the Kona market.
This property is priced aggressively at just $12,500 above its current county tax assessed value making it a compelling opportunity to build immediate sweat equity.
Main Living Area (Upstairs):
The upper level features a spacious 3-bedroom, 2-bathroom layout. While there is no current ocean view, a buyer could unlock a view of the water by strategically trimming the property's mature mango trees.
Lower Level & Income Potential:
Offering privacy and separation, the lower level features a 1-bedroom, 1-bathroom layout complete with a kitchenette and a living area. This space benefits from its own separate entrance and a dedicated secondary carport, making it highly functional for extended family living or as a long-term rental to help offset the mortgage.
Agent Notes on Condition & Photos:
Photos are currently limited as the seller is actively making repairs to the lower level and the property's lanais. Bring your contractor and your vision to see the possibilities this property holds.
Location:
Kuakini Heights offers an ideal, central location. You are tucked away in a peaceful neighborhood near the popular Walua Trail, yet just minutes down the hill to the dining, shopping, and amenities of both the Keauhou Shopping Center and downtown Kailua-Kona.
Location
State HI
County Hawaii Island (big Island)
Community Kuakini Heights Subdivision
Area Hi
Zoning RS-10
Region North Kona
City Region North Kona
Interior
Flooring Ceramic Tile, Hardwood
Exterior
Parking Features Attached, Covered
Utilities Available Electricity Available, Underground Utilities
View Y/N No
Garage No
Private Pool No
Building
Sewer Cesspool
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
