Some of the requests I hear the most often when buyers are looking for properties include ohana, pool, and oceanview. This is usually a tall order to find all three for a buyer but certainly not impossible. Every now and then you do find lightning in a bottle and that is the case with our new listing for 500 Portlock Rd Hawaii Kai (MLS# 202109715). This offering has everything one could want in a property.
3 Separate Dwellings
The lot is enormous at just under an acre, 40,720 sq ft. The long driveway has plenty of room in the garages to park or along the driveway path. Currently, the lot has 3 separate dwellings already divided for staff, family, rental, entourage, or whatever you could want or need. The main home is 4 beds / 2 baths with two amazing lanais that overlook the pool and ocean. Enjoy the views from the living room of the water and expansive space. The middle home is a redone cozy 1 bed / 1 bath that has a garage, new floors, and an updated kitchen. The back property is a 2beds / 2 baths with an amazing lanai off the living room for true indoor-outdoor enjoyment. The property is peppered with mature fruit trees, has a basketball court and all 3 dwellings have a new solar hot water heater and metal roofs.
Rental Income
Currently, all three dwellings are rented generating $7400 a month in rental income. All three homes share the common space of the freshly redone pool, expansive yard, and spacious driveway all across from the water. The long-term tenants are will stay as is or can go depending on the buyer’s intent.
This lot is zoned D for the flood which is amazing and also R-10 so it’s ripe for a CPR project or redevelopment if so desired. The possibilities are endless to combine the homes easily to one large level property, keep as is, or completely redevelop. Lots of this size are not abundant in Hawaii Kai, especially those that have ocean views.
Want to Know More?
This property can be purchased with https://www.hawaiilife.com/mls/202109715” rel=”noopener” target=”_blank”>MLS# 202109718 which is a palatial, resort-like home or separately as is. This would be an amazing combined asset to house extended family, staff, entourage, or keep as a rental.
To learn more about the opportunities, please reach out anytime.
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