$3,795,000
SOLD MAY 26, 2022

69-1000 Kolea Kai Cir Unit 1C Waikoloa, HI 96738

3 Beds
3.5 Baths
2,147 Sq Ft
$2,582/mo HOA Fee

Recently Sold

$1,768 Per Sq Ft

3% Below List Price

21 Days on Market

Highlights

  • Ocean View
  • Gated Community
  • Vaulted Ceiling
  • Penthouse
  • Clubhouse
  • Outdoor Kitchen

About This Home

As of May 2022

Kolea 1C is a 3 bedroom, 3 & 1/2 bath Penthouse condominium located in the premier development within the Waikoloa Beach Resort. Kolea is the only beachfront community in the Resort. Being sold fully furnished and appointed, this property has a Short Term Vacation Rental License, but has been sparingly rented by the Sellers.

1C comes with all of the luxury features which differentiate Kolea Penthouses from many of the other condos on the Big Island. The unit is steel framed with concrete floors. 9' retractable pocket doors off the great room lead to a spacious lanai with a summer kitchen. The property features upscale appliances, vaulted ceilings with dormer windows in the great room, a 2nd lanai adjacent to the primary bedroom, African mahogany trim, as well as a semi-private elevator. The two lanais offer sunset and ocean views, with Maui and the Hualalai Volcano also visible from the main lanai.

Kolea's Beach Club is less than a 3 minute walk from 1C. This beautiful facility includes an infinity pool, a workout facility, hot tub, and two guest hales. The guest hales are a unique feature of Kolea. These are essentially guest studio cottages and not available to the public. Kolea owners can reserve these for friends and family while the owner is in residence. The Beach Club is adjacent to Anaeho’omalu Bay. Known locally as the A-Bay, one can enjoy numerous water sports activities here. A short stroll down the beach is the Lava Lava Club, one of the most popular gathering spots on the Island.

The Waikoloa Beach Resort features two golf courses along with world class dining and shopping. Within easy walking distance of Kolea are two shopping centers, a luxury movie theater, and an outdoor amphitheater which hosts concerts and various cultural events. Located on the sunny Kohala Coast, the Resort is perennially ranked as one of the top vacation destinations in Hawaii.

1C can be your opportunity to own a slice of paradise. Take it!

Last Agent to Sell the Property

Johnny McElree

Hawaii Luxury Listings LLC Brokerage Phone: 8084436288 License #RB-21079 Listed on: 04/04/2022

Last Buyer's Agent

Doreen Trudeau

Aloha Sotheby's Intl Realty - Hawai'i License #RS-75801

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,634

Year Built

  • Built in 2003

HOA Fees

  • $2,582 Monthly HOA Fees

Parking

  • Attached Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Penthouse
  • Steel Frame

Interior Spaces

  • 2,147 Sq Ft Home
  • Vaulted Ceiling
  • Skylights

Kitchen

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

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Air Conditioning
  • Underground Utilities
  • Private Water Source
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Outdoor Kitchen
  • Property fronts a private road

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 3690110190003

Community Details

Overview

  • Kolea Condo Villas Community
  • Kolea Subdivision

Amenities

  • Clubhouse

Security

  • Security Guard
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,634

Year Built

Built in 2003

Lot Details

0

HOA Fees

$2,582 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: Clubhouse
  • ResoSecurityFeatures: Gated Community, Security Patrol, Smoke Detector(s)
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KOLEA SUBDIVISION
  • Reso Interior Features: Elevator, High Ceilings, Skylights, Vaulted Ceilings
  • Living Area: 2147.0
  • Property Attached Yn: Yes
  • Year Built: 2003
  • Tax Year: 2021
  • HIS_PoolYN: No
  • Unit Description: Penthouse
  • 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, Indoor Grill, Microwave, Oven, Range, Refrigerator, Washer, Wine Cooler
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Carpet, Stone
  • Design: Steel Frame

Exterior Features

  • View: HIS Sunset, Mountain(s), Ocean
  • Waterfront: No
  • Exterior Features: Outdoor Kitchen
  • Roads: Private

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash, HIS Air Conditioning
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 2582.25
  • Association Fee Frequency: Monthly
  • Project: Kolea Condo Villas

Lot Info

  • Zoning: V-1.25
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3690110190003
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 18634.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Apr 15, 2021
Sold by
Griffith Eugene R and Pring Cynthia M
Bought by
Bruns John W and Bruns Laurie
Seller's Agent
Beth Thoma Robinson R(B) BIC
Hawaii Life
List Price
$1,775,000
Sold Price
$1,725,000
Premium/Discount to List
-$50,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Mar 18, 2005
Sold by
Centex Homes
Bought by
Griffith Eugene R and Pring Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $1,725,000 Fam
Condominium Deed $1,750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,200,000 Unknown
Closed $200,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2025 12/09/25 Sold $2,250,000 -22.4% $1,048 / Sq Ft View Prior Sale
07/10/2025 07/10/25 Price Changed $2,899,000 -6.5% $1,350 / Sq Ft
06/24/2025 06/24/25 For Sale $3,099,000 +79.7% $1,443 / Sq Ft
10/12/2024 10/12/24 Off Market $1,725,000 -- --
05/26/2022 05/26/22 Sold $3,795,000 -2.6% $1,768 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $3,895,000 +125.8% $1,814 / Sq Ft
07/19/2021 07/19/21 Off Market $1,725,000 -- --
04/20/2021 04/20/21 Sold $1,725,000 -2.8% $803 / Sq Ft View Prior Sale
01/20/2021 01/20/21 Pending -- -- --
03/12/2020 03/12/20 For Sale $1,775,000 -- $827 / 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 $32,999 $2,989,600 $374,000 $2,615,600
2024 $32,999 $2,820,400 $352,900 $2,467,500
2023 $32,999 $2,820,400 $352,900 $2,467,500
2022 $22,952 $1,961,700 $243,400 $1,718,300
2021 $18,635 $1,592,700 $243,400 $1,349,300
2020 $18,326 $1,566,300 $243,400 $1,322,900
2019 $18,326 $1,566,300 $243,400 $1,322,900
2018 $18,326 $1,566,300 $243,400 $1,322,900
2017 $17,778 $1,519,500 $243,400 $1,276,100
2016 $14,599 $1,345,500 $243,400 $1,102,100
2015 $15,002 $1,282,100 $243,400 $1,038,700
2014 $15,002 $1,169,900 $243,800 $926,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 660248

Hawaii Information Service (MLS Hawaii)

APN: 3-6-9-011-019-0003