NOT LISTED FOR SALE

69-1000 Kolea Kai Cir Unit 16M Waikoloa, HI 96738

Estimated Value: $1,625,725 - $2,155,000

2 Beds
2 Baths
1,554 Sq Ft
$1,958/mo HOA Fee

Last Sold July 20, 2022

Last sale price $1,890,000 $1,216 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $13,473/month

126 Days on Market

Highlights

  • Gated Community
  • Skylights
  • Air Conditioning
  • Vaulted Ceiling

About This Home

As of July 2022

Welcome to 16M a corner Penthouse Villa at Kolea. Looking for a turn-key, beach-front condo complex that is also an active vacation rental? You’ve found it in this Kolea Penthouse Villa in Waikoloa Beach Resort on the Big Island of Hawaii.

Penthouse 16M comes fully furnished and has a spacious floor plan that wows with vaulted ceilings, custom mahogany, and lots of natural light.

Your kitchen features granite countertops, pro-style stainless steel appliances, and a center island with pendant lights and a breakfast bar. Just steps away, you can open up the stunning 9-foot retractable pocket doors to entertain on the lanai. This outdoor space includes a separate summer kitchen (BBQ+fridge+sink+cabinetry).

Back inside, this villa’s split floorplan provides tons of privacy for the TWO master suites. Each bedroom has an attached ensuite with dual sinks, glass-door showers, and relaxing soaking tubs. BONUS features for Villa 16M include a laundry room plus wet bar & beverage center in the entryway. The home also comes with elevator access, a carport (with extra storage), and a transferable SVTR permit.

This Penthouse is located in the exclusive gated community of Kolea, the only beachfront development in Waikoloa Beach Resort. This building is very close to Kolea's Beach Club, which offers amenities like an infinity pool overlooking the ocean, a keiki pool (children’s pool with a waterfall) and a fitness center. The Club even offers owners the option of housing extra guests in the well-appointed and inexpensive guest hales with ocean views.

You can always take an easy stroll down to the beach at Anaeho'omalu Bay, or you can check out all the shops and restaurants at the King and Queen shops of Waikoloa just a short walk away.

Matterport

Last Agent to Sell the Property

Jennifer Bien

NextHome Paradise Realty Brokerage Phone: 8089383052 License #RB-24077 Listed on: 01/31/2022

NextHome Paradise Realty

Last Buyer's Agent

Lailan Bento

Hawaii Development Group License #RB-23214

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,509

Year Built

  • Built in 2003

Lot Details

  • 6

HOA Fees

  • $1,958 Monthly HOA Fees

Home Design

  • Steel Frame

Interior Spaces

  • 1,554 Sq Ft Home
  • Vaulted Ceiling
  • Skylights

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 3690110190126

Community Details

Overview

  • Kolea Condo Villas Community
  • Kolea Subdivision

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,509

Year Built

Built in 2003

Lot Details

0

HOA Fees

$1,958 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoSecurityFeatures: Gated Community
  • Attribution Contact: 8089383052
  • Co List Office Phone: 8087315242
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KOLEA SUBDIVISION
  • Reso Interior Features: Elevator, High Ceilings, Skylights, Vaulted Ceilings
  • Living Area: 1554.0
  • Property Attached Yn: Yes
  • Year Built: 2003
  • Tax Year: 2021
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, DSL
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Design: Steel Frame

Exterior Features

  • Waterfront: No
  • Roads: Paved

Garage/Parking

  • Parking Features: Assigned, Covered

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1958.09
  • Association Fee Frequency: Monthly
  • Project: Kolea Condo Villas

Lot Info

  • Zoning: V-1.25
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3690110190126
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9509.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Jul 13, 2022
Sold by
16M Rental Llc
Bought by
Amini Wahdattullah and Ray Zachary Joseph
Seller's Agent
Jennifer Bien
NextHome Paradise Realty
Buyer's Agent
Lailan Bento
Hawaii Development Group
List Price
$2,000,000
Sold Price
$1,890,000
Premium/Discount to List
-$110,000
-5.5%
Views
3
Current Estimated Value
$1,833,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,819
Avg. Annual Appreciation
-0.68%
Original Mortgage
$1,499,999
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2021
Sold by
Estes Allen Ward
Bought by
16M Rental Llc

Purchase Details

Closed on
Nov 23, 2019
Sold by
Graham Gray Lee and Graham Joy Lennox
Bought by
Estes Allen Ward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2009
Sold by
The Bank Of New York Mellon
Bought by
Graham Gray Lee and Graham Joy Lennox

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
The Bank Of New York

Purchase Details

Closed on
Dec 11, 2006
Sold by
Centex Homes
Bought by
Riley Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,500
Interest Rate
8.62%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Amini Wahdattullah -- First American Title Of Hawaii
Amini Wahdattullah -- First American Title Of Hawaii
16M Rental Llc -- None Available
Estes Allen Ward $800,000 Fam
Graham Gray Lee $521,900 Fam
The Bank Of New York $913,356 Accommodation
Riley Stephanie $1,195,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amini Wahdattullah $1,403,450
Closed Amini Wahdattullah $1,398,750
Closed Amini Wahdattullah $1,398,750
Closed Amini Wahdattullah $1,499,999
Closed Amini Wahdattullah $1,499,999
Previous Owner Estes Allen Ward $665,000
Previous Owner Estes Allen Ward $680,000
Previous Owner Graham Gray Lee $273,500
Previous Owner Graham Gray Lee $290,000
Previous Owner Riley Stephanie $200,000
Previous Owner Riley Stephanie $836,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Off Market $1,890,000 -- --
07/20/2022 07/20/22 Sold $1,890,000 -5.5% $1,216 / Sq Ft
01/26/2022 01/26/22 For Sale $2,000,000 -- $1,287 / 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 $16,677 $1,510,900 $247,400 $1,263,500
2024 $16,677 $1,425,400 $233,400 $1,192,000
2023 $16,677 $1,425,400 $233,400 $1,192,000
2022 $11,595 $991,000 $161,000 $830,000
2021 $9,510 $812,800 $161,000 $651,800
2020 $11,067 $945,900 $161,000 $784,900
2019 $11,067 $945,900 $161,000 $784,900
2018 $11,067 $945,900 $161,000 $784,900
2017 $10,742 $918,100 $161,000 $757,100
2016 $8,842 $814,900 $161,000 $653,900
2015 $9,064 $777,300 $161,000 $616,300
2014 $9,064 $710,700 $161,200 $549,500
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bien

    Seller's Agent in 2022

    Jennifer Bien

    NextHome Paradise Realty

    (808) 938-3052

    7 in this area

    66 Total Sales

    Section Image

  • L

    Buyer's Agent in 2022

    Lailan Bento

    Hawaii Development Group

    (808) 936-1800

    12 in this area

    58 Total Sales

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 658216

Hawaii Information Service (MLS Hawaii)

APN: 3-6-9-011-019-0126

Hawaii Hawaii County Waikoloa 96738

69-1000 Kolea Kai Cir Unit 16M, Waikoloa, HI

This home is located at 69-1000 Kolea Kai Cir Unit 16M, Waikoloa, HI 96738 since 31 January 2022 and is currently estimated at $1,833,181, approximately $1,179 per square foot. This property was built in 2003. 69-1000 Kolea Kai Cir Unit 16M is a home located in Hawaii County with nearby schools including Waikoloa Elementary/Middle School and Kealakehe High School.

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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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