NOT LISTED FOR SALE

88-221 Kai Ave Captain Cook, HI 96704

Estimated Value: $454,346 - $745,000

1 Bed
1 Bath
1,020 Sq Ft
$588/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $635,000 $623 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,641/month

74 Days on Market

Highlights

  • Ocean View
  • Tankless Water Heater
  • 1-Story Property
  • Waterfront
  • Ceramic Tile Flooring
  • Level Lot

About This Home

As of April 2022

Absolute oceanfront Hawaiiana style retreat! Popular active vacation rental with transferable STVR (short term vacation rental) permit. Situated for privacy and stunning views of the big blue Pacific ocean. Enjoy the warm salty ocean breezes and soothing sounds from the expansive 1040 sq. ft. lanai. Colorful sunsets, dolphins, and visiting humpback whales all just steps from the popular silver bar entry for swimming, snorkeling, scuba diving, kayaking and nearby Papa Bay Cove.

Energy efficient custom redwood home originally 2 bedrooms, converted to 1 bedroom maximizing the large open floor plan, new roof, fresh exterior paint, on demand tankless water heater, new water tank and system situated under the oceanfront lanai. The interior features koa double entry front doors, vaulted tropical beamed ceilings with drop fans, tile and wood floors throughout, open kitchen with custom bar, gas stove, koa cabinetry throughout the home, living area with three seating areas with incredible views of the gorgeous blue Pacific Ocean.

This is a great opportunity to acquire an oceanfront home with approved STVR permit for vacation rental use if you wish. The Miloli’i Beach Lots shoreline community is located 35 miles (one hour) south of Kailua-Kona. Nearby is Papa Bay Cove, Honomalino Black Sand Beach and Miloli’i fishing village with a boat launch and beach park.

Property being sold As-Is. New Survey on File. Revenue details for the vacation rental business are available upon request. Sold furnished with noted Seller exception list.

Last Agent to Sell the Property

Renee H. Kraft

Better Homes and Gardens Real Estate Island Lifestyle Brokerage Phone: 8083452108 License #RB-23004 Listed on: 11/29/2021

Better Homes and Gardens Real Estate Island Lifestyle

Last Buyer's Agent

Chelsea Mack

eXp Realty License #RS-82892

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,477

Year Built

  • Built in 1988

Lot Details

  • Waterfront
  • Property fronts a private road
  • Level Lot
  • Property is zoned A-5A

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Tankless Water Heater
  • Septic Tank
  • Phone Available

Community Details

  • Milolii Beach Lots Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Legal Lot and Block 49 / 1
  • Assessor Parcel Number 3880091280000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,477

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: MILOLII BEACH LOTS SUBDIVISION
  • Unit Levels: One
  • Living Area: 1020.0
  • Property Attached Yn: Yes
  • Year Built: 1988
  • Tax Year: 2021
  • HIS_PoolYN: No
  • Unit Description: Single Family Home, Single Level
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_WaterHeater: Tankless
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Cooktop, Microwave, Oven, Refrigerator, Washer/Dryer Stacked
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Flooring: Ceramic Tile

Exterior Features

  • Topography: Level
  • View: Coastline, Ocean, Ocean Horizon, Sunset
  • Waterfront: Yes
  • Roads: Private

Garage/Parking

  • Parking Features: Other

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Phone Available
  • Water Source: Catchment

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-5A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3880091280000

Tax Info

  • Tax Annual Amount: 4477.0
  • Tax Block: 1
  • Tax Lot: 49

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2023
Sold by
Jenny G Rankin Trust
Bought by
Rankin Impact Llc
Current Estimated Value
$599,673

Purchase Details

Listed on
Nov 29, 2021
Closed on
Mar 31, 2022
Sold by
Roxanne C Locher Trust
Bought by
Jenny G Rankin Trust
Seller's Agent
Renee H. Kraft
Better Homes and Gardens Real Estate Island Lifestyle
Buyer's Agent
Chelsea Mack
eXp Realty
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.60%

Purchase Details

Closed on
Feb 9, 2017
Sold by
Locher Roxanne C
Bought by
Locher Roxanne C and Roxanne C Locher Trust

Purchase Details

Closed on
Jul 23, 2002
Sold by
Riordan Dennis Timothy and Riordan Diane Delores
Bought by
Billingsley Diane and The Diane Billingsley Riordan Trust
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Rankin Impact Llc -- --
Jenny G Rankin Trust $793,500 Old Republic Title
Jenny G Rankin Trust $793,500 Old Republic Title
Locher Roxanne C -- None Available
Billingsley Diane -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Off Market $635,000 -- --
07/04/2022 07/04/22 Off Market $635,000 -- --
04/05/2022 04/05/22 Sold $635,000 -2.2% $623 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
11/29/2021 11/29/21 For Sale $649,000 -- $636 / 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 $6,023 $542,600 $211,200 $331,400
2024 $5,445 $490,500 $182,800 $307,700
2023 $5,149 $463,900 $177,800 $286,100
2022 $5,098 $459,300 $177,500 $281,800
2021 $4,478 $403,400 $157,800 $245,600
2020 $3,952 $356,000 $164,800 $191,200
2019 $3,855 $347,300 $164,800 $182,500
2018 $3,142 $336,000 $164,800 $171,200
2017 $398 $205,900 $63,600 $142,300
2016 $368 $199,900 $63,600 $136,300
2015 -- $194,100 $63,600 $130,500
2014 -- $188,400 $63,600 $124,800
Source: Public Records

Agents Affiliated with this Home

  • Renee H. Kraft

    Seller's Agent in 2022

    Renee H. Kraft

    Better Homes and Gardens Real Estate Island Lifestyle

    (808) 345-2108

    4 in this area

    28 Total Sales

    Renee H. Kraft
    Section Image
  • Chelsea Mack

    Buyer's Agent in 2022

    Chelsea Mack

    eXp Realty

    (808) 935-4125

    2 in this area

    78 Total Sales

    Chelsea Mack
    Section Image
See All Agents

Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 656407

Hawaii Information Service (MLS Hawaii)

APN: 3-8-8-009-128-0000

Hawaii Hawaii County Captain Cook 96704

88-221 Kai Ave, Captain Cook, HI

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