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23 Machida Lane, Hilo, HI 96720

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For Sale

$2,999,999

6 beds • 6 baths • 1 half baths • 3,618 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $829.19
    Price per square foot

  • 6-10 Years Old
    Age

Explore this Property

The Hilo Beach House is a successful multi-unit, beach-front, short-term vacation rental, STVR, bordering Onekahakaha Beach Park for easy ocean access and front-row views of the Pacific Ocean. A protected white-sand cove is located just steps away from this amazing opportunity. Offering 4 luxury-studio units on the first floor, a 2 bedroom, 2 bathroom residence on the top floor, 2 laundry rooms, linen storage, office, a guest reception area as well as a grand lobby and event area. The air-conditioned, luxury-studio units are decorated and furnished with handcrafted pieces from Bali and feature screened-in balconies boasting ocean and garden views. One of these units includes a full kitchen and the other 3 units include kitchenettes. When accommodating larger parties, the unit with the full kitchen can also be accessed directly from its adjacent unit. The main residence on the top floor impresses with an open layout, plush master suite and another amazing balcony with front-row, ocean views. Grand lobby comes equipped with solar and rain shades and is currently hosting yoga and dance classes. The sum area of these improvements totals over 6,300 sqft. Fenced on every border and landscaped with a tropical setting. Automatic gate with optional keypad entry. Ample parking as well. Motion lighting & video surveillance system with mobile phone notifications. All vacation rental furnishings, linens, etc. are included. Built compliant with V-.75 Resort-Zoning so vacation rental permits aren't required to conduct business as a vacation rental.<br><br>Please visit the "Hilo Beach House" vacation rental website for a detailed description of the rental units.
MLS# 704932

Courtesy Of Compass

(808) 378-5447

Property Features

  • Age
    6-10 Years Old
  • Amenities
    Dock
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Zoned A/C
  • Heating System
    Zoned
  • Lot Size
    0.22 Acres
  • View Type
    Mountain, Ocean

Map and Directions

Directions to 23 Machida Lane, Hilo, HI 96720

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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