73 1082 Mahilani Dr
Kailua-Kona, HI 96740
- 1 bed
- 2 baths
- 1,192 sqft
- 8,576 sqft lot
- $586 per sqft
- 1987 build
Dream Custom Home in Hawaii: Unique Investment Opportunity<br><br>Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.<br><br>Major demolition, permitting, foundation work, and half of the framing are already complete. You can choose your favorite final finishes without the hassle of removing existing ones. The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.<br><br>Currently livable at 1,192 sqft, this 1-bed, 1.5-bath home can be finished to a 3/2.5 in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.<br><br>Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16” rain head. Wide plank European oak floors add a touch of elegance.<br><br>The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines obstruct your views. Situated at the bottom of a quiet street, this home offers peace and privacy.<br><br>This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.<br><br>Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee. <br><br>Cash or 1031 exchange only.
Last checked:
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Last updated Apr 15, 2025
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MLS# 713735 —
The Building
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Year Built:1987
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Roofed Area Units:Square Feet
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Exterior Area Units:Square Feet
Interior
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Flooring:Hardwood
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Levels:One
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Living Area:1,192 Sqft
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:1031 Exchange, Cash
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Ownership:Full
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Land Tenure:Fee Simple
Location
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Region:North Kona
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Unparsed Address:73-1082 MAHILANI DR, KAILUA-KONA, HI 96740
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Longitude:-155.98876254
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Latitude:19.72624315
The Property
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Property Type:Residential
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Property Sub Type:Single Family Residence
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Property Attached:false
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Zoning:A-5A
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Lot Features:Interior Lot
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Lot Size Area:8,576 Sqft
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Parcel Number:3730440490000
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Roads:County, Paved, Street Lights
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Topography:Fairly Level
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Fencing:Stone
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Elevation:1000
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Elevation Units:Feet
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Flood Zone:X
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Lava Zone:4
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Waterfront:false
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View:Coastline, Ocean, Sunset
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Agriculture Dedicated:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 308-8884
- Office phone:
- (808) 378-5447
Taxes
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Tax Year:2024
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Tax Annual Amount:$1,866.52
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Tax Lot:C-49
Beds
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Bedrooms Total:1
Baths
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Bathrooms Full:1
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Bathrooms Half:1
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Bathrooms Total:1
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Bathrooms Total:2
Utilities
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Sewer:Cesspool
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Utilities:Cable Available, Electricity Available, Phone Available, Underground Utilities, Water Available
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Water Source:Public
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Internet Access:Cable
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Solid Waste Disposal:None
Appliances
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Appliances:Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer Stacked
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Washer Dryer Type:Stacked Washer/Dryer
The Community
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Subdivision Name:Kona Highlands
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Association Fee Frequency:Monthly
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Common Area Expenses:false
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Pool:false
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Pets Allowed:Yes
Parking
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Parking Features:Other
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Garage Area Units:Square Feet
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Carport Area Units:Square Feet
Monthly cost estimate
Asking price
$699,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,742
|
| Taxes | $155 |
| Insurance | $192 |
| Utilities | $216 See report |
| Total | $4,305/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/11/25
Apr 11, 2025
|
Sold Subject To Contingencies | HISMLS | $699,000 |
