265 Kenolio Rd
$2,995,000 Fee Simple
4 Bed, 3 Bath, 1640 Sqft, 0.75 Acres
Listed by: Island Sotheby's Int'l Rlty(m)
RARE investment opportunity in Kihei—This lovely, income-producing property is ¾ of an acre with 2 water meters and located a block from the beach and Kenolio Recreational Complex. The 2 homes PLUS cottage generate approx. $17,000. per month. Main home has 5 BD/3BA and is currently used as a 4/2 home. The upstairs addition functions as a separate master suite with private bath & entry. Second home is a 5/5—with 4 bedrooms with en suite baths. The “penthouse” master suite includes full kitchen, steam shower and spiral staircase to rooftop viewing deck boasting panoramic ocean/mountain views with a private hot tub. Cottage is a 0/1 which includes additional outside half-bath and outdoor shower, convenient for beach days. Property features include: owned photovoltaic, split system a/c units in all homes, plenty of parking and separate driveways. A new utility pole with transformer was installed by Maui Electric for potential future development. Mature mango, lychee and starfruit trees are abundant and strategically planted for optimal privacy between the homes. This one-of-a-kind property has incredible rental potential, convenient location and tenants are already in place. Other uses could be a family compound or possible subdivision.