Hot off the Market: Single-Family Gem With Vacation Rental License Just Snapped Up
It’s not every day that you stumble upon a licensed vacation rental with a short-term permit in a single-family home on our beautiful island. But guess what? This property has just been sold, and it’s got exactly that.
In 2018, the County of Hawaii implemented a significant shift in the regulations governing short-term rentals, with a primary focus on channeling such rentals towards condominiums. Interestingly, this change permitted single-family homes to be grandfathered and granted a non-conforming permit (NUC), thereby enabling homeowners to continue hosting short-term rentals within their single-family dwellings. These homes, benefiting from this unique status, have become a rare and highly valuable find in the real estate landscape due to their scarcity and coveted NUC designation.
It’s truly an honor to have had the privilege of representing both the seller and the buyer in this exquisite property transaction. My heartfelt congratulations go to the buyer as they embark on this exciting journey with their new property. Here’s to many wonderful moments and memories to be created in their new home!
This home is located in Pahoa, a bit of a remote location for the Big Island. Many homes in this area have catchment water, can have gravel roads, and no mail delivery (PO Box Needed). This community, Hawaiian Beaches, has access to high-speed wireless internet, Hawaiian Electric, paved roads, and mail delivery. The community also has three parks, including one with a solar-powered pool, BBQ facilities, and a playground, providing ample opportunities for recreation and relaxation.
This residence has recently undergone a series of refreshing upgrades to enhance its appeal and efficiency. A substantial investment of $20,000 has been made in new furniture, infusing the space with a modern and inviting atmosphere complemented by tasteful ocean-themed décor. The interior was freshly painted in October 2022, giving the home a crisp, clean look. Brand new blinds have been installed for added privacy and light control. Furthermore, this property is equipped with an owned photovoltaic system (solar) featuring 12 panels. This system was permitted in 2017, offering eco-friendliness and potential energy cost savings.
Just sold on August 28, 2023 for $440,000
3 bedroom, 2 bathroom
1,486 Living Area
Learn more about this property at MLS #669533.