Estimated payment $2,891/month
Highlights
- Freestanding Bathtub
- Level Lot
- Vinyl Flooring
- High Speed Internet
- Grass Covered Lot
About This Home
Price Reduced for this rare opportunity in Hawaiian Paradise Park, complete with an active, transferable Short-Term Vacation Rental (STVR) license in place for both homes!
Nestled on a lush, mature property filled with swaying palm trees, landscaped gardens, vibrant hibiscus flowers, and tropical bamboo, this idyllic setting also includes fruit-bearing papaya trees and lilikoi plants for an authentic Hawaiian experience. With two renovated and permitted homes, the opportunities abound.
Currently operating as a successful vacation rental business, this property generates a gross income of approximately $6,000 per month.
The larger home, built in 2002, is a good sized one bedroom, one-bathroom with an office offering approximately 672 square feet. The studio, a permitted 382 square-foot one-bedroom, one-bathroom retreat, was recently renovated in 2023 to include a fully updated kitchenette and bathroom crafted by Jay’s Custom Cabinets. Designed for relaxation and privacy, the studio also boasts a peaceful back deck with dual freestanding bathtubs to soak away any stress.
Located on 32nd Ave., a quiet dead-end road off Makuu Drive, the property is both convenient and private. Fully fenced in, it offers a secure and tranquil atmosphere for guests or residents alike.
With high-speed internet, beautiful landscaping, and all the amenities needed for a modern tropical getaway, this property is an exceptional investment opportunity in Hawaiian Paradise Park, an area with high demand for vacation rentals due to limited hotel accommodations in Puna.
Embrace island living or seize a lucrative investment – the possibilities are endless!
Listing Agent
Big Island Homes & Land Co., Ltd. Brokerage Phone: 8087561319 License #RB-22936 Listed on: 10/31/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,051
Year Built
- Built in 2002
Lot Details
- Property fronts a private road
- Level Lot
- Grass Covered Lot
- Property is zoned A-1A
Interior Spaces
- 1,056 Sq Ft Home
- Vinyl Flooring
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- Freestanding Bathtub
Laundry
- Dryer
- Washer
Utilities
- Cesspool
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- Hawaiian Paradise Park Subdivision
Listing and Financial Details
- Tax Lot 162
- Assessor Parcel Number 3150151250000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,051 | $353,900 | $91,000 | $262,900 |
| 2024 | $3,051 | $326,300 | $76,000 | $250,300 |
| 2023 | $2,925 | $312,800 | $80,000 | $232,800 |
| 2022 | $2,674 | $286,000 | $53,200 | $232,800 |
| 2021 | $2,266 | $242,400 | $40,000 | $202,400 |
| 2020 | $2,262 | $241,900 | $43,500 | $198,400 |
| 2019 | $1,988 | $212,600 | $37,300 | $175,300 |
| 2018 | $442 | $189,800 | $30,600 | $159,200 |
| 2017 | $415 | $184,300 | $30,600 | $153,700 |
| 2016 | $388 | $178,900 | $30,600 | $148,300 |
| 2015 | -- | $173,700 | $30,600 | $143,100 |
| 2014 | -- | $168,600 | $28,300 | $140,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2025 09/14/25 | Price Changed | $495,000 | -2.8% | $469 / Sq Ft |
| 07/18/2025 07/18/25 | Price Changed | $509,000 | -4.0% | $482 / Sq Ft |
| 03/11/2025 03/11/25 | Price Changed | $530,000 | -1.7% | $502 / Sq Ft |
| 02/15/2025 02/15/25 | Price Changed | $539,000 | 0.0% | $510 / Sq Ft |
| 02/15/2025 02/15/25 | For Sale | $539,000 | -2.0% | $510 / Sq Ft |
| 01/09/2025 01/09/25 | Off Market | $550,000 | -- | -- |
| 11/25/2024 11/25/24 | Price Changed | $550,000 | -4.3% | $521 / Sq Ft |
| 11/13/2024 11/13/24 | Off Market | $575,000 | -- | -- |
| 11/08/2024 11/08/24 | For Sale | $575,000 | 0.0% | $545 / Sq Ft |
| 10/31/2024 10/31/24 | For Sale | $575,000 | +25.0% | $545 / Sq Ft |
| 09/24/2024 09/24/24 | Off Market | $460,000 | -- | -- |
| 10/30/2023 10/30/23 | Sold | $460,000 | 0.0% | $436 / Sq Ft |
| 10/30/2023 10/30/23 | Pending | -- | -- | -- |
| 10/30/2023 10/30/23 | For Sale | $460,000 | +170.6% | $436 / Sq Ft |
| 07/27/2018 07/27/18 | Sold | $170,000 | -2.9% | $161 / Sq Ft |
| 04/06/2018 04/06/18 | Pending | -- | -- | -- |
| 04/03/2018 04/03/18 | For Sale | $175,000 | -- | $166 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $355,000 | Tg | |
| Personal Reps Deed | -- | Fam | |
| Warranty Deed | $88,000 | -- | |
| Deed | $10,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $28,800 | New Conventional |
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 715404
APN: 3-1-5-015-125-0000
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Copyright 2025 MLS Hawaii, Inc. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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