Hawaii Living

5535 Kalanianaole Hwy (Niu Beach)

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5535 Kalanianaole Hwy, Honolulu
This property was sold March 31, 2021 for $3,250,000
Description
LEGAL VACATION RENTAL - BEACHFRONT - AWESOME PRICE. There are so few Legal Vacation Homes in Honolulu. Even less with Beachfront. YES A Nonconforming Use Certificate (NUC) allowing for short term Vacation Rentals. The coveted NUC is truly priceless in value, & as many are aware, the (NUC) is no longer issued for Single Family Homes. This incredible home is located directly on the beach, & w/ amenities to maximize rental income. Oversized, Ocean-facing, sliding glass doors open completely, to maximize the gorgeous beach & ocean experience. This Beautiful home, truly is the Hawaiian dream, with every comfort for indoor & outdoor living. With New flooring, appliances & professionally designed décor, the home captivates. See this Beautiful Home on Maunalua Bay. Absolutely sold as-is.
Past Activity
  • Mar 31, 2021 Sold for $3,250,000
  • Jan 25, 2021 In Escrow
  • Jan 18, 2021 Price $3,250,000
  • Jan 09, 2021 Listed at $3,550,000
  • Jan 09, 2021 Expired
  • Jan 02, 2021 Price $3,550,000
  • Jan 02, 2021 Price $3,250,000
  • Dec 27, 2020 Price $3,550,000
  • Nov 10, 2020 Price $3,750,000
  • May 18, 2020 Listed at $3,995,000
  • May 12, 2020 Expired
  • Nov 12, 2019 Listed at $4,500,000
  • Nov 12, 2019 Expired
  • Aug 12, 2019 Listed at $4,500,000
  • Aug 11, 2019 Expired
  • Feb 11, 2019 Listed at $4,500,000
More Details
  • Price / Interior Sf: $1,216
  • Year Remodeled: 2015
  • Owner, Tax & Resale History: Click here
  • Zoning: 03 - R10 - Residential District
  • Any View: Mountain, Ocean, Sunrise, Sunset
  • Flood Zone: Zone VE
  • Security Features: Key
  • Amenities: Bedroom on 1st Floor, Entry, Full Bath on 1st Floor, Landscaped, Other, Patio/Deck, Wall/Fence
  • TMK: 1-3-7-1-13-0
  • Tax Assessed Land: $2,062,300
  • Tax Assessed Improvements: $843,600
  • Tax Assessed Total: $2,905,900
  • Courtesy: Pacific International Realty
  • MLS: 202100415
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 01, 2021. Information is deemed reliable but not guaranteed.
About Niu Beach
See our video of Niu Beach homes.

Niu Beach is a small luxury beachfront neighborhood of about 100 homes on the oceanside of Kalanianaole Hwy bordered by Paiko Lagoon to the east and Aina Haina Beach to the west. Most Niu Beach & Peninsula homes for sale are valued in the $1M to $5M range with typical lot sizes between 8,000 to 15,000 sq ft. 

Insight to Niu Beach Homes & Neighborhood
Some of the early homes dating back to the 1920’s were simple fishing cabins along the calm and shallow ocean waters that are protected by an outer reef. Big changes took place around 1950 when parts of an old fishpond were filled-in to create the new man made Niu Peninsula. Dynamite was allegedly used to carve a deep water channel out of the shallow reef around this newly created Honolulu real estate consisting of one street only, Niuiki Circle. The Army Corps of Engineers built the perimeter seawall creating what is today a gorgeous little ocean lovers community.

Approximately h  ....click here to read more
Description
LEGAL VACATION RENTAL - BEACHFRONT - AWESOME PRICE. There are so few Legal Vacation Homes in Honolulu. Even less with Beachfront. YES A Nonconforming Use Certificate (NUC) allowing for short term Vacation Rentals. The coveted NUC is truly priceless in value, & as many are aware, the (NUC) is no longer issued for Single Family Homes. This incredible home is located directly on the beach, & w/ amenities to maximize rental income. Oversized, Ocean-facing, sliding glass doors open completely, to maximize the gorgeous beach & ocean experience. This Beautiful home, truly is the Hawaiian dream, with every comfort for indoor & outdoor living. With New flooring, appliances & professionally designed décor, the home captivates. See this Beautiful Home on Maunalua Bay. Absolutely sold as-is.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 01, 2021. Information is deemed reliable but not guaranteed.
See our video of Niu Beach homes.

Niu Beach is a small luxury beachfront neighborhood of about 100 homes on the oceanside of Kalanianaole Hwy bordered by Paiko Lagoon to the east and Aina Haina Beach to the west. Most Niu Beach & Peninsula homes for sale are valued in the $1M to $5M range with typical lot sizes between 8,000 to 15,000 sq ft. 

Insight to Niu Beach Homes & Neighborhood
Some of the early homes dating back to the 1920’s were simple fishing cabins along the calm and shallow ocean waters that are protected by an outer reef. Big changes took place around 1950 when parts of an old fishpond were filled-in to create the new man made Niu Peninsula. Dynamite was allegedly used to carve a deep water channel out of the shallow reef around this newly created Honolulu real estate consisting of one street only, Niuiki Circle. The Army Corps of Engineers built the perimeter seawall creating what is today a gorgeous little ocean lovers community.

Approximately h  ....click here to read more
 
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
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Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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