73-1082 Mahilani Dr Kailua Kona, HI 96740
Kailua Kona Neighborhood
1
Bed
1.5
Baths
1,192
Sq Ft
8,276
Sq Ft Lot
Highlights
- Ocean View
- Interior Lot
- Stone Wall
- Wood Flooring
- 1-Story Property
- Stacked Washer and Dryer
About This Home
As of June 2025Dream Custom Home in Hawaii: Unique Investment Opportunity!
Ever dreamed of owning a custom home in Hawaii? This property is a solid investment with positive equity potential. All building plans are stamped and approved by engineers and the county, ensuring a smooth continuation of the construction process.
The current owner/contractor is available to advise on the next steps and share contacts with reputable subcontractors.
This lovely 1,192 sqft home is a 1-bed 1.5 bath home that has been renovated with many custom features to extremely high standards and can be expanded to a 3/2.5 in phases. Designed for unobstructed ocean views from the living room, all bedrooms, and a rooftop deck engineered to support a hot tub, this home offers stunning sunsets every night.
Features include an outdoor shower, a fishpond with a waterfall, and custom kitchen cabinets made of quarter-sawn white oak and teak. The master bedroom includes an all-teak accent wall, floating vanities with LED lighting, and a shower with a 16” rain head. Wide plank European oak floors add a touch of elegance.
The property boasts old-growth palms, coconuts, papaya, lilikoi, and colorful flowers. Located in a neighborhood with underground utilities, no power lines obstruct your views. Situated at the bottom of a quiet street, this home offers peace and privacy.
This rare opportunity allows you to live in the home as-is and finish within the permit's 5-year span or complete construction quickly to capitalize on instant equity. Whether for investment or a forever home, this property can fulfill your dreams.
Plans have been drawn, stamped by structural and mechanical engineers, and approved and stamped by the county. The building permit is currently open and is transferable to the new owner with a $100 transfer fee.
Cash or 1031 exchange only.
Last Agent to Sell the Property
COMPASS Brokerage Phone: 8083088884 License #RB-22752 Listed on: 08/31/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,867
Year Built
- Built in 1987
Lot Details
- Property fronts a county road
- Stone Wall
- Interior Lot
- Level Lot
- Property is zoned A-5A
Interior Spaces
- 1,192 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Ocean Views
- Stacked Washer and Dryer
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
Utilities
- Underground Utilities
- Cesspool
- Phone Available
- Cable TV Available
Community Details
- Kona Highlands Subdivision
Listing and Financial Details
- Tax Lot C-49
- Assessor Parcel Number 3730440490000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2024
Closed on
Jun 24, 2025
Sold by
Christie Scott Alan
Bought by
Galazzo Diane Lynn and Mcgurk Brian William
Seller's Agent
Leo Dodier
COMPASS
Buyer's Agent
Terri Walker
eXp Realty
List Price
$699,000
Sold Price
$770,000
Premium/Discount to List
$71,000
10.16%
Views
149
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-59.36%
Original Mortgage
$299,000
Outstanding Balance
$299,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$423,960
Purchase Details
Closed on
Aug 20, 2024
Sold by
Lutz Christie Kelsey Laura and Lutz Alan Christie
Bought by
Christie Scott Alan
Purchase Details
Closed on
Jan 11, 2020
Sold by
Close Piper M
Bought by
Christie Scott Alan and Christie Kelsey Lura
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,750
Interest Rate
3.05%
Mortgage Type
New Conventional
Similar Homes in Kailua Kona, HI
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Title Guaranty | |
| Warranty Deed | -- | Title Guaranty | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Fam |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $299,000 | New Conventional | |
| Previous Owner | $574,750 | New Conventional | |
| Previous Owner | $254,981 | Negative Amortization | |
| Previous Owner | $25,000 | Stand Alone Second | |
| Previous Owner | $220,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $770,000 | 0.0% | $646 / Sq Ft |
| 06/24/2025 06/24/25 | Price Changed | $770,000 | +10.2% | $646 / Sq Ft |
| 10/07/2024 10/07/24 | For Sale | $699,000 | 0.0% | $586 / Sq Ft |
| 10/04/2024 10/04/24 | Off Market | $699,000 | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $699,000 | 0.0% | $586 / Sq Ft |
| 09/06/2024 09/06/24 | Off Market | $699,000 | -- | -- |
| 08/31/2024 08/31/24 | For Sale | $699,000 | 0.0% | $586 / Sq Ft |
| 07/11/2024 07/11/24 | Price Changed | $699,000 | -2.9% | $571 / Sq Ft |
| 06/22/2024 06/22/24 | Price Changed | $720,000 | -9.9% | $588 / Sq Ft |
| 05/14/2024 05/14/24 | Price Changed | $799,000 | -9.2% | $653 / Sq Ft |
| 04/16/2024 04/16/24 | Off Market | $880,000 | -- | -- |
| 04/13/2024 04/13/24 | For Sale | $880,000 | 0.0% | $719 / Sq Ft |
| 04/11/2024 04/11/24 | For Sale | $880,000 | +41.9% | $719 / Sq Ft |
| 01/14/2022 01/14/22 | Sold | $620,000 | -8.1% | $711 / Sq Ft |
| 11/15/2021 11/15/21 | Pending | -- | -- | -- |
| 09/21/2021 09/21/21 | For Sale | $675,000 | -- | $774 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
Tax History Compared to Growth
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 | $1,867 | $468,200 | $279,900 | $188,300 |
| 2024 | $1,867 | $454,600 | $279,900 | $174,700 |
| 2023 | $1,864 | $441,400 | $278,900 | $162,500 |
| 2022 | $961 | $245,400 | $113,200 | $132,200 |
| 2021 | $926 | $238,300 | $113,200 | $125,100 |
| 2020 | $892 | $231,400 | $113,200 | $118,200 |
| 2019 | $860 | $224,700 | $113,200 | $111,500 |
| 2018 | $828 | $218,200 | $113,200 | $105,000 |
| 2017 | $796 | $211,800 | $113,200 | $98,600 |
| 2016 | $766 | $205,600 | $113,200 | $92,400 |
| 2015 | -- | $199,600 | $113,200 | $86,400 |
| 2014 | -- | $193,800 | $107,000 | $86,800 |
Source: Public Records
Agents Affiliated with this Home
-
Leo Dodier
L
Seller's Agent in 2025
Leo Dodier
COMPASS
(808) 308-8884
7 in this area
36 Total Sales
-
Terri Walker
T
Buyer's Agent in 2025
Terri Walker
eXp Realty
(808) 987-3679
9 in this area
15 Total Sales
-
Kelsey Lutz
K
Seller's Agent in 2024
Kelsey Lutz
Premier Island Properties LLC
(269) 519-2310
1 in this area
1 Total Sale
-
Terry Robinson
T
Seller's Agent in 2022
Terry Robinson
First Island Realty, LLC
(808) 930-3610
6 in this area
9 Total Sales
Map
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 713735
APN: 3-7-3-044-049-0000
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.
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.
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