$399,000
$26K PRICE DROP

68-1761 Melia St Unit B4 Waikoloa, HI 96738

Estimated payment $3,678/month

Total Views 5,158
-- Bed
1 Bath
491 Sq Ft
$813 Price per Sq Ft

About This Home

Welcome to Golfer’s Lava Cove, a stylishly upgraded ground-floor studio nestled right on the Waikoloa Village Golf Course. This fully licensed short-term vacation rental (STVR) offers a rare combination of modern comfort, income potential, and classic island charm.

Enjoy spa-inspired tile finishes, custom cabinetry, partial air conditioning, in-unit laundry, and an enclosed lanai that adds extra living space ; perfect for guests or quiet morning coffee.

Currently operating as a vacation rental, this turnkey property is ideal for investors or those seeking a personal island escape with income-generating potential.

Owners and guests have access to Waikoloa Village amenities including a pool, tennis courts, pickleball, discounted golf, and more. All just minutes from the island’s top beaches, shopping, and world-class resorts.

Highlights:

Licensed short-term vacation rental

Golf course frontage with sunset views

Enclosed lanai with lava rock details and swing

Washer/dryer in unit

Tile and laminate flooring throughout

Access to community pool, tennis, and golf

Close to Mauna Lani, Hapuna Beach, and Waikoloa Beach Resort

Listing Agent

Laure McElwee

First Island Realty, LLC Brokerage Phone: 8082170429 License #RB-20623 Listed on: 07/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,752

Year Built

  • Built in 1974

HOA Fees

  • $1,264 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 1 Full Bathroom
  • 491 Sq Ft Home
  • Carpet
  • Range

Additional Features

  • Property fronts a county road
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 3680030240009

Community Details

Overview

  • Waikoloa Village Condominiums Community
  • Waikoloa Village Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,752

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,264 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Ownership: CPR
  • MLS Status: A
  • Subdivision Name: WAIKOLOA VILLAGE
  • Living Area: 491.0
  • Property Attached Yn: Yes
  • Year Built: 1974
  • Tax Year: 2024
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Other (remarks)
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Range, Refrigerator
  • Full Bathrooms: 1
  • Flooring: Carpet

Exterior Features

  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Sewer: Other
  • Utilities: Electricity Available, Other, Underground Utilities
  • Water Source: Other

Condo/Co-op/Association

  • Association Fee: 1264.02
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Project: WAIKOLOA VILLAGE CONDOMINIUMS

Lot Info

  • Zoning: CV-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3680030240009

Tax Info

  • Tax Annual Amount: 3752.19

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2025 10/02/25 Price Changed $399,000 -6.1% $813 / Sq Ft
07/25/2025 07/25/25 For Sale $425,000 +26.9% $866 / Sq Ft
08/31/2023 08/31/23 Sold $335,000 0.0% $682 / Sq Ft View Prior Sale
08/06/2023 08/06/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $335,000 -- $682 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 722084

Hawaii Information Service (MLS Hawaii)
Hawaii Hawaii County Waikoloa 96738

68-1761 Melia St Unit B4, Waikoloa, HI

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hawaii Information Service (MLS Hawaii) 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.

Nearby Homes
Laure McElwee
Listing Agent
Laure McElwee
Section Image
First Island Realty, LLC
(808) 666-9838