Affordable Hawai‘i Island Real Estate: Waikoloa Village Condo with Rental Income Potential

Positioned at one of the most attractive price points in Waikoloa Village, this upgraded and partially furnished 2-bedroom, 2-bath condo, L208 located in Fairway Terrace offers an exceptional opportunity for first-time buyers, part-time residents, or investors seeking a successful Hawai’i Island short-term rental property.

Located within the private gated community of Fairway Terrace, Unit L208 is tucked into the highly desirable upper section of the complex, known for its peaceful atmosphere, added privacy, and nearby open green space. The second-floor location enjoys a serene lanai setting that enhances indoor-outdoor island living.

This condo has been thoughtfully updated with features including granite countertops in both the kitchen and bathrooms, custom African Mahogany and Mango wood cabinetry with soft-close hinges, Kohler sink, Pfister fixtures, recessed and pendant lighting, ceiling fans, vinyl wood flooring, newer screened windows and lanai door, cordless blinds, and fresh interior paint. Additional improvements include a new water heater with leak alarm and a newer television.

Sold partially furnished, this Waikoloa condo includes a newer sofa, TV, bar stools, bed frames with Sealy mattresses, desk, side tables, lamps, and kitchenware – creating a turnkey opportunity for immediate occupancy, long-term rental, or vacation rental income.

Zoned for short-term vacation rentals (STVR), this property offers the flexibility to generate income now while securing your future place in Hawai’i before prices continue to rise.

Additional highlights include:
– One covered deeded parking stall (#72)
– Solar panels for reduced electric costs
– Upcoming exterior paint improvements within the complex
– Convenient access to shopping, dining, golf, and world-class beaches

Residents of Fairway Terrace enjoy resort-style amenities including a pool, spa, fitness center, BBQ area, car wash station, and community laundry facilities.

Conveniently located near the Waikoloa Highlands Shopping Center, Waikoloa Plaza, and the Waikoloa Village Golf Course, this property is also just a short drive from the Kohala Coast’s renowned white sand beaches, luxury resorts, restaurants, and outdoor activities.

Ownership within Waikoloa Village Association provides additional benefits including discounted golf, access to the community pool and tennis courts, and more.