NOT LISTED FOR SALE

Estimated Value: $1,919,204 - $2,361,000

3 Beds
3.5 Baths
2,532 Sq Ft
$839/Sq Ft Est. Value

Last Sold February 16, 2017

Last sale price $1,150,000 $454 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $12,218/month

67 Days on Market

About This Home

As of February 2017

Back up Tremendous Short Sale Opportunity!!

Just once in a lifetime does an opportunity come along to own at this price point, a luxury home with spectacular ocean views in a tropical Resort-style setting nestled among Ohia, Silver Oak and Kukui nut trees on Hawaii’s Big Island. . . .

BACK UP OFFERS BEING ACCEPTED!! SHORT SALE REQUIRES BANK APPROVAL!

Drive through the gates into another world. This incredible 3.32 acre fully landscaped ranch in Makalei Estates offers a true sense of place; a sanctuary of manageable size. Very private, bordering State land to the South, yet conveniently located close to town, at the 1000' elevation in North Kona.

The Estate includes a 2,532 sqft. residence with 3 Bedrooms, 3.5 Bathrooms, Office and Media Room. Fine finishes abound in this home, lovingly designed and built by a high end contractor as his personal family retreat. Luxe finishes include:
* Soffited, Coffered ceilings with light cove, Mahogany Tongue & Groove
* Mahogany Pocketing Doors bring the outside in
* Glass, Screen & Operable Louvered Doors frame breathtaking Ocean & Sunsets vistas.
* Flamed granite floors in common areas & Ohia flooring in the private areas
* Wolf and Viking Kitchen Appliances
* Rocky Mountain Hardware
* Rare Ohia Cabinetry throughout
* Honed Travertine in Bathrooms
The Master Quarters is well located on the North Wing. The massive pocketing doors open to a lanai & ocean views over a perfectly manicured lawn. The Master bath includes Double Sink and vanity, very large walk-in closet with beautiful built in mahogany cabinetry, a dual headed shower that opens to the outside and a jacuzzi. Also on the North Wing, an office with built-in mahogany desk, shelving & cabinetry, as well as ensuite guest bedroom. Two Guest Bedrooms are located on the South Wing. Come feel the rest of the world melt away at this Makalei Estates stunner.
Horse related equipment not included in sale

Last Agent to Sell the Property

Karen Ferrara, MBA

COMPASS Brokerage Phone: 8088830094 License #RS-72752 Listed on: 09/19/2016

Last Buyer's Agent

Karen Ferrara, MBA

COMPASS Brokerage Phone: 8088830094 License #RS-72752 Listed on: 09/19/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 2003

Lot Details

  • Property fronts a private road
  • Property is zoned A-3A

Parking

  • Attached Garage

Interior Spaces

  • 2,532 Sq Ft Home
  • Ceramic Tile Flooring

Kitchen

  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Underground Utilities
  • Private Water Source
  • Septic Tank
  • Private Sewer

Community Details

  • Makalei Estates Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 3720150490000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,406

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Attribution Contact: 8088830094
  • Co List Office Phone: 8006675028
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: MAKALEI ESTATES
  • Living Area: 2532.0
  • Property Attached Yn: No
  • Year Built: 2003
  • Tax Year: 2015
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • Special Features: 4108
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range, Range Hood, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Ceramic Tile
  • Total Bathrooms: 3

Exterior Features

  • Waterfront: No
  • Roads: Private

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Underground Utilities
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-3A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3720150490000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4406.0
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2025
Sold by
Ally-Zarkades Lisa and Alley-Zarkades Lisa Christine
Bought by
Michael Gus Zarkades And Lisa Christine Alley and Zarkades
Current Estimated Value
$2,137,708

Purchase Details

Listed on
Sep 19, 2016
Closed on
Feb 8, 2017
Sold by
Zarkades Michael Gus
Bought by
Zarkades Michael Gus and Ally Zarkades Lisa
Seller's Agent
Karen Ferrara, MBA
COMPASS
Buyer's Agent
Karen Ferrara, MBA
COMPASS
List Price
$1,999,000
Sold Price
$1,150,000
Premium/Discount to List
-$849,000
-42.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%

Purchase Details

Listed on
Sep 19, 2016
Closed on
Feb 2, 2017
Sold by
Stutts Jerry Tom
Bought by
Zarkades Michael Gus
Seller's Agent
Karen Ferrara, MBA
COMPASS
Buyer's Agent
Karen Ferrara, MBA
COMPASS
List Price
$1,999,000
Sold Price
$1,150,000
Premium/Discount to List
-$849,000
-42.47%

Purchase Details

Closed on
Apr 16, 2002
Sold by
Hiluhilu Development Llc
Bought by
Stutts Jerry Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,100
Interest Rate
6.87%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Michael Gus Zarkades And Lisa Christine Alley -- None Listed On Document
Michael Gus Zarkades And Lisa Christine Alley -- None Listed On Document
Zarkades Michael Gus -- Fnt
Zarkades Michael Gus $1,150,000 Fnt
Stutts Jerry Tom $239,000 Title Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stutts Jerry Tom $500,000
Previous Owner Stutts Jerry Tom $275,000
Previous Owner Stutts Jerry T $1,220,000
Previous Owner Stutts Jerry Tom $500,000
Previous Owner Stutts Jerry Tom $700,000
Previous Owner Stutts Jerry Tom $408,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2017 05/18/17 Off Market $1,150,000 -- --
02/16/2017 02/16/17 Sold $1,150,000 -42.5% $454 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $1,999,000 -- $789 / 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 $6,173 $1,279,800 $357,400 $922,400
2024 $6,173 $1,242,500 $357,400 $885,100
2023 $6,250 $1,206,300 $357,400 $848,900
2022 $6,219 $1,171,200 $357,400 $813,800
2021 $6,009 $1,137,100 $357,400 $779,700
2020 $5,806 $1,104,000 $357,400 $746,600
2019 $5,608 $1,071,800 $357,800 $714,000
2018 $5,421 $1,041,800 $357,800 $684,000
2017 $4,720 $887,400 $288,200 $599,200
2016 $4,561 $861,600 $288,200 $573,400
2015 -- $836,500 $288,200 $548,300
2014 -- $812,100 $267,100 $545,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 299538

Hawaii Information Service (MLS Hawaii)

APN: 3-7-2-015-049-0000