NOT LISTED FOR SALE

4331 Kauai Beach Dr Unit 2508 Lihue, HI 96766

Estimated Value: $322,000 - $330,000

-- Bed
1 Bath
307 Sq Ft
$1,441/mo HOA Fee

Last Sold November 02, 2023

Last sale price $335,000 $1,091 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,408/month

7 Days on Market

About This Home

As of November 2023

Attention Investors: Unheard of 12% cap rate realized in the past year at this beachfront vacation rental on beautiful Kauai. With the postcard perfect ocean view that is the best at the resort, you will find demand high on this vacation rental investment, as the Seller achieved 90% occupancy rate year after year. Ocean views, glorious sunrises, cool breezes, and 25 acres of lush resort landscaping are here for you and your guests.

This top floor studio unit in the main building comes rent ready with all furnishings including beach equipment, fridge, bonus air bed and crib, Hawaiian decor, desk, king bed, linens, A/C, heater, and much more! Unit 2508 has 280 reviews and a 4.9 star rating, so you will start generating income from day 1. Manage it yourself, join the in-house rental pool, or have a vacation rental management service take care of the details.

From the highest location at the resort, you will enjoy direct facing ocean and pool views from inside the room and on your spacious balcony. As part of the Kauai Beach Resort, benefit from access to all the resort's features including 4 pools, water slide, 2 hot tubs, a fitness center, and miles of beach. The relaxation continues thanks to the onsite full-service spa, restaurant, bar, and lounge with fire pit, making it easy to indulge in the ultimate island getaway.

With its prime coastal location mid-point on the island, Lihue offers quick access to all of Kauai's top attractions. Whether you're looking to hike the Napali Coast, explore Waimea Canyon, or simply relax on the beach, this is the perfect place to make your island getaway.

Last Agent to Sell the Property

Michael Ambrose

Keller Williams Honolulu Brokerage Phone: 8088550777 License #RS-82434 Listed on: 09/22/2023

Keller Williams Honolulu

Last Buyer's Agent

Cole Schlack

KW Big Island License #RS-83268

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,447

Year Built

  • Built in 1985

Lot Details

  • 12.17

HOA Fees

  • $1,441 Monthly HOA Fees

Home Design

  • 307 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Full Bathroom

Parking

  • Covered Parking
  • Unassigned Parking

Utilities

  • Underground Utilities
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Kauai Beach Resort Community
  • Hanamaulu & Kalapaki Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4370030150207

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,447

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,441 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: HANAMAULU & KALAPAKI
  • Living Area: 307.0
  • Property Attached Yn: Yes
  • Year Built: 1985
  • Tax Year: 2023
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Wireless
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 1

Exterior Features

  • Waterfront: No
  • Roads: Paved

Garage/Parking

  • Parking Features: Covered, Unassigned

Utilities

  • Cooling: Cash
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1441.37
  • Association Fee Frequency: Monthly
  • Project: KAUAI BEACH RESORT

Lot Info

  • Zoning: RR-20
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4370030150207
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2446.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Oct 25, 2023
Sold by
Cannon Solo 401K Trust
Bought by
Moose Creek Partners Llc
Seller's Agent
Michael Ambrose
Keller Williams Honolulu
Buyer's Agent
Cole Schlack
KW Big Island
List Price
$335,000
Sold Price
$335,000
Views
27
Current Estimated Value
$326,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,491
Avg. Annual Appreciation
-1.28%

Purchase Details

Listed on
Jan 14, 2015
Closed on
Jul 2, 2015
Sold by
Tanaka Katherine Mariko
Bought by
Cannon Tony and Cannon Solo 401K Trust
Seller's Agent
Donald Pixler
eXp Realty
List Price
$78,000
Sold Price
$78,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.32%

Purchase Details

Closed on
Sep 9, 2006
Sold by
Kb Resort Llc
Bought by
Tanaka Katherine Mariko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Moose Creek Partners Llc -- Old Republic Title
Cannon Tony $78,000 Or
Tanaka Katherine Mariko $370,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tanaka Katherine Mariko $333,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Off Market $335,000 -- --
11/02/2023 11/02/23 Sold $335,000 0.0% $1,091 / Sq Ft
09/20/2023 09/20/23 For Sale $335,000 +329.5% $1,091 / Sq Ft
08/03/2015 08/03/15 Sold $78,000 0.0% $254 / Sq Ft View Prior Sale
01/19/2015 01/19/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $78,000 -- $254 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

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 $3,097 $364,800 -- $364,800
2024 $3,097 $263,600 -- $263,600
2023 $2,447 $225,500 $0 $225,500
2022 $1,716 $158,200 $0 $0
2021 $1,785 $164,500 $0 $0
2020 $1,683 $155,100 $0 $155,100
2019 $1,292 $119,100 $0 $119,100
2018 $821 $75,700 $0 $75,700
2017 $781 $72,000 $0 $72,000
2016 $712 $65,600 $0 $65,600
2015 $308 $69,700 $0 $0
2014 $397 $65,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Ambrose

    Seller's Agent in 2023

    Michael Ambrose

    Keller Williams Honolulu

    (808) 855-0777

    29 in this area

    77 Total Sales

    Michael Ambrose
    Section Image
  • Cole Schlack

    Buyer's Agent in 2023

    Cole Schlack

    KW Big Island

    (808) 913-1637

    3 in this area

    30 Total Sales

    Cole Schlack
    Section Image

  • D

    Seller's Agent in 2015

    Donald Pixler

    eXp Realty

    (808) 635-9999

    5 in this area

    48 Total Sales

    Donald Pixler
    Section Image
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 704446

Hawaii Information Service (MLS Hawaii)

APN: 4-3-7-003-015-0207

Hawaii Kauai County Lihue 96766

4331 Kauai Beach Dr Unit 2508, Lihue, HI

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