$890,000
SOLD OCT 15, 2024

5380 Honoiki Rd Unit N22 Princeville, HI 96722

1 Bed
2 Baths
867 Sq Ft
$2,711/mo HOA Fee

Recently Sold

$1,027 Per Sq Ft

11% Below List Price

183 Days on Market

Highlights

  • Concierge
  • Heated Pool and Spa
  • Recreation Room
  • Ocean Front
  • Clubhouse
  • Outdoor Kitchen

About This Home

As of October 2024

Hanalei Bay Resort Units #1513 and #1514. Here is a unique opportunity for the savvy investor. This offering consists of two separate side-by-side studio rooms each with a private entrance, ensuite bath, and private lanai. This flexible floor plan grants the capability of multiple rental options:

Rent Each Unit Out Individually
Use one of the units as your private unit, and rent the other unit for added rental income
Rent the unit as a whole with a two-room layout.

Unit #1514 features a nicely sized studio with a sleeping and sitting area, a full kitchen, and laundry facilities. Unit #1513 is a studio with a private bath and beverage and coffee nook. Each unit has a private lanai with a mountain and waterfall view and is offered old fully furnished and turn-key.

Hanalei Bay Resort is situated on 22 acres of lush landscaping overlooking the horizon of the world-famous Hanalei Bay. This resort is one of the few properties in Princeville with direct access to the beach via a paved path. Amenities include multiple pools with waterfall features, hot tubs, tennis courts, and new pickle ball courts. In addition, there are two onsite dining options including the Happy Talk Lounge where you will find live music and your drink of choice.

Have peace of mind for your rental business with the ease of check-in for your guest who will have access to the front desk and onsite concierge services. The ability to own our unit within Hanalei Bay Resort with the amenities and support of a resort is an added feature not to be overlooked.

Maintenance fees are ALL INCLUSIVE covering the costs associated with extensive resort amenities, grounds maintenance, exterior insurance, and ALL utilities (electric, water, sewer, cable, phone, and internet)

Discover the value of ownership at Hanalei Bay Resort with world class views of Hanalei Bay and direct beach access from the resort.

Last Agent to Sell the Property

Amy Frazier

Hawaii Life Brokerage Phone: 8086399011 License #RB-23453 Listed on: 03/13/2024

Last Buyer's Agent

Amy Frazier

Hawaii Life Brokerage Phone: 8086399011 License #RB-23453 Listed on: 03/13/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,315

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Property fronts a county road
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Grass Covered Lot

HOA Fees

  • $2,711 Monthly HOA Fees

Property Views

  • Ocean
  • Coastline
  • Bay
  • Mountain
  • Garden

Interior Spaces

  • 867 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Dry Bar
  • Skylights
  • Track Lighting
  • Home Office
  • Recreation Room
  • Laminate Flooring
  • Home Security System

Kitchen

  • Range Hood
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Parking

  • Assigned Parking
  • Unassigned Parking

Pool

  • Heated Pool and Spa
  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Outdoor Kitchen
  • Lanai

Utilities

  • Air Conditioning
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • ADA Compliant
  • Interior Unit
  • Farm Land Preservation

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4540110030084

Community Details

Overview

  • Hanalei Bay Resort Community
  • Princeville Subdivision

Amenities

  • Concierge
  • Doorman
  • Valet Parking
  • Clubhouse
  • Meeting Room
  • Private Restrooms
  • Public Restrooms

Recreation

  • Community Playground
  • Park
  • Recreational Area
  • Jogging Path
  • Tennis Courts

Security

  • Security Guard
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,315

Year Built

Built in 1975

Lot Details

0

HOA Fees

$2,711 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: Clubhouse, Concierge, Doorman, Park, Playground, Valet, Walking/Jogging Path
  • Road Frontage Type: HIS Almost Oceanfront, HIS Preservation
  • ResoLotFeatures: Cleared, Corner Lot, Cul-De-Sac, Grassy, Landscaped
  • ResoSecurityFeatures: Fire Sprinkler System, Security Guard, Security Patrol, Security System, Smoke Detector(s)
  • Attribution Contact: 8086399011
  • Co List Office Phone: 8006675028
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: PRINCEVILLE
  • Reso Interior Features: ADA Accessible, ADA Compliant, Built-in Features, Dry Bar, Elevator, Enclosed Lanai, Floor Drain, Meeting Room, Office, Private Restroom, Public Restroom, Recreation Room, Skylights, Track Lightning, Wet Bar
  • Living Area: 867.0
  • Property Attached Yn: Yes
  • Year Built: 1975
  • Tax Year: 2023
  • HIS_PoolYN: Yes
  • Unit Description: Inside Unit
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, Satellite, Wireless
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Range Hood
  • Total Bedrooms: 1
  • Full Bathrooms: 2
  • Flooring: Laminate
  • Total Bathrooms: 2

Exterior Features

  • Topography: Fairly Level,Gentle Slope,Level,Rolling Terrain
  • View: Bay, Garden, HIS Coastline, Mountain(s), Ocean, Ocean Horizon
  • Pool Features: Gunite, Heated, In Ground, Outdoor Pool, Pool/Spa Combo
  • Waterfront: No
  • Exterior Features: Lightning, Outdoor Kitchen, Recreation Area, Tennis Court(s)
  • Roads: County, Paved, Private

Garage/Parking

  • Parking Features: Assigned, Unassigned

Utilities

  • Cooling: Cash, HIS Air Conditioning
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee: 2711.29
  • Association Fee Frequency: Monthly
  • Project: HANALEI BAY RESORT

Lot Info

  • Zoning: RR-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4540110030084
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7314.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Sep 27, 2024
Sold by
Fleischacker Michael John and Fleischacker Natalie
Bought by
Stolp Alicja and Stolp Piotr
Seller's Agent
Amy Frazier
Hawaii Life
Buyer's Agent
Amy Frazier
Hawaii Life
List Price
$999,000
Sold Price
$890,000
Premium/Discount to List
-$109,000
-10.91%
Views
39
Current Estimated Value
$906,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,730
Avg. Annual Appreciation
1.63%
Original Mortgage
$400,000
Outstanding Balance
$397,352
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$505,104

Purchase Details

Closed on
May 30, 2023
Sold by
Christensen Curtis and Christensen Susie Elizabeth
Bought by
Fleischacker Michael John and Fleischacker Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2022
Sold by
Cj Rental Properties Llc
Bought by
Christensen Curtis and Christensen Susie Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2019
Sold by
Jammal Cory
Bought by
Cj Rental Properties Llc

Purchase Details

Closed on
May 4, 2016
Sold by
Blair Russell
Bought by
Jammal Cory

Purchase Details

Closed on
Oct 17, 2013
Sold by
Elliott Wade Drury and Livingston Martin H
Bought by
Blair Russell and Russell Blair Ii Trust

Purchase Details

Closed on
Oct 7, 2010
Sold by
Louca Tarek and Louca Yumiko
Bought by
Elliott Wade Drury and Elliott Lisa Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2008
Sold by
Yarbrough Petra and Yarbrough Thomas
Bought by
Louca Tarek and Louca Yumiko

Purchase Details

Closed on
Jan 19, 2006
Sold by
Quintus Hbr Llc
Bought by
Yarbrough Petra and Yarbrough Thomas
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Tg
Deed -- Tge
Deed -- Old Republic Title
Deed -- None Available
Warranty Deed $399,000 Or
Warranty Deed $379,000 Tg
Interfamily Deed Transfer -- Tg
Deed $290,000 Tg
Quit Claim Deed $6,666 None Available
Deed $469,933 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $728,000 New Conventional
Previous Owner $511,000 New Conventional
Previous Owner $188,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $890,000 -1.0% $1,027 / Sq Ft
08/19/2024 08/19/24 Price Changed $899,000 -10.0% $1,037 / Sq Ft
05/16/2024 05/16/24 Off Market $999,000 -- --
05/14/2024 05/14/24 For Sale $999,000 0.0% $1,152 / Sq Ft
05/14/2024 05/14/24 Price Changed $999,000 -4.9% $1,152 / Sq Ft
04/16/2024 04/16/24 Off Market $1,050,000 -- --
04/12/2024 04/12/24 Price Changed $1,050,000 0.0% $1,211 / Sq Ft
04/12/2024 04/12/24 For Sale $1,050,000 -8.7% $1,211 / Sq Ft
04/06/2024 04/06/24 Off Market $1,150,000 -- --
04/05/2024 04/05/24 For Sale $1,150,000 0.0% $1,326 / Sq Ft
02/20/2024 02/20/24 For Sale $1,150,000 -- $1,326 / 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 $9,074 $867,500 $128,500 $739,000
2024 $9,074 $803,000 $128,500 $674,500
2023 $8,057 $742,600 $128,500 $614,100
2022 $5,941 $603,100 $0 $0
2021 $5,132 $521,000 $0 $0
2020 $4,914 $498,900 $0 $498,900
2019 $4,914 $515,900 $0 $515,900
2018 $4,021 $483,300 $0 $483,300
2017 $4,021 $454,300 $0 $454,300
2016 $2,371 $391,900 $0 $391,900
2015 $1,226 $405,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 708505

Hawaii Information Service (MLS Hawaii)

APN: 4-5-4-011-003-0084