Hidden Gem with Ocean Views at a Great Value Hawaii Real Estate

Hey everybody, Mike Drew Tarr, Principal Broker at Exxon Paradise Realty. Just got done checking out this house listed by Tanya Power in our office. I'll have a link down in the description below where you can get some more information on this house. This is a pretty good value play, well under the median price of a home here in Kona and you still have ocean views. It's in great shape. Someone might want to come in and do some remodeling. Someone might take it the way it is. I think you're going to like this one. If you're looking for a value in Kona, this is a really good one to take a look at. Let's get inside. Hey everyone, let's get started outside. One thing that we can do here on this home which is kind of unique is talk a little bit about something that we see pretty commonly in construction here on Hawaii Island. You know, we're built on the side of a volcanic mountain of course. So you're going to have some slope out here and you can see what's pretty common is that with the slope that you have up at the top of the yard going all the way down. What you typically see in properties like this is that they'll cut away here at the back, take some of that and pull it out to level out a pad right here and in doing so sometimes people will build in stages and I'm not sure if they did it this one or not but sometimes you'll just have this entire section elevated up and it'll be all open below and then they'll build at the top section up above and then maybe sometime later on people will come in and enclose the bottom in a remodel adding a couple more bedrooms or something like that. So this is something that we see quite commonly over here on the big island. I don't know that we've seen it as much on the channel but something to kind of point out. You'll just see this in various stages. Sometimes these will be carports, sometimes they'll be totally open with storage, sometimes the land will actually be you know sloped underneath it and someone will come in later and change things up. Sometimes they do it at the beginning. You know just whatever the person who's building the home decides to do but it does give you some flexibility on down the road. Okay so we are inside and you can see we have our interior staircase that goes down. So this is all as one house. You know some people like I said will have it set up so there may not even be an interior staircase connecting the upstairs and the downstairs. You may just have an exterior staircase coming up and a door going downstairs. I've seen it every way. I've seen it changed. I've seen it changed back a little bit of everything but this one has everything connected. Now this home is an older home. There's a lot of original stuff in here. It gives you a lot of opportunities to change things up and do it the way you like. This thing is a couple hundred thousand below the median price point that we see in Kona right now. So I do think it is actually a pretty good value play for someone who's interested in doing something like this. You have your large living dining kitchen area right in here. Nice open concept. So this was built a little bit after everyone was doing the open beam ceilings where they were starting to sheetrock things in a little bit. So you got plenty of space over here in the kitchen. Let's get the camera down there. Nice little island. Pretty simple wood cabinetry. Formica countertops. White appliances. I imagine someone's going to come in here and maybe update this with a new modern kitchen. Put it about $40,000, $50,000 at the top end. You can actually get away with a lot less. Maybe $20,000. Have a completely new kitchen. You have a Berber carpet over here and a linoleum flooring over in the kitchen area. If it's me, I'm luxury vinyl tile or yeah LVP the whole thing. And that's going to keep things looking really nice and modern. You can do a lot there. We've got these really big windows taking in our view looking right down into Lyman's Bay. They're really nice actually. We do have some tinted windows on there so when the afternoon sun is going down you get the sunset views. It will filter the light a little bit. And then over here, let's come outside. We have a nice large lanai with our trex style decking. We got a staircase going down. You saw the staircase when I was downstairs checking out the exterior of the home. So lots of space out here. I kind of feel like someone's going to cover this up maybe and get a little bit more shade out here. And then you have a wonderful area to kind of enjoy the outdoors. And a nice day. We got a little bit of breeze and you can actually feel it coming on through. Pretty nice. Got one, two, three ceiling fans in here. Recess lights. Pretty standard on our sheetrock and our rounded corners. Pretty indicative of what we see for things built around this era. Let's continue around. We have two bedrooms up here on this level. So the primary bedroom has the slider that goes out right here to that exterior lanai that I was on. And pan around kind of slowly here for you guys. I do listen to the comments. I'm trying to go slow for you. Got a couple closets on the other side. Nice little recessed area if you want to put a tv and a dresser in there. And perfectly functional bathroom. Again, I think someone's going to come in here and just modern this thing up a little bit. This is the kind of property that people look for if they want to do a remodel and save a lot of money to where you're not paying someone else for all the remodel work. Because everything here is just aesthetic. There's nothing functionally wrong about it. You just would be updating your cabinets, your countertops, your tub, shower, your flooring. I would update the baseboard. Little stuff like this. Or if you're a younger family, just trying to get into the market here and buy some real estate instead of watching prices go up and up, lock in your housing costs with your set in stone mortgage. This would be great. And then as time goes on and your mortgage rate stays the same and your mortgage payment stays the same and you make more money because as time goes on you make more money, now you got some extra cash and maybe you start doing your remodel. So a lot of opportunity for people. We have our door right here on the right to go to the two-car garage. And then down here we have two more bedrooms. Actually, one bedroom. That's this one right here. Just as big, I think, as the one up above. We don't have the shower and bathroom over there. We just do have the two closets. And then we have our bathroom over here. And then they have a second living area. So you have your living area upstairs. You got another living area down here. Really big amount of space down here. This is a good size room. Have our washer and our dryer. We have a utility sink over here. And we have a closet. Someone may move the washer and dryer and make this another bedroom if someone needed to find a four-bedroom property. This is something that you could do with this one possibly. Of course, get your permits and all that good stuff. Or if you just want the extra living space, you got that as well. So we're three bedrooms. I guess we're two bathrooms. And looking at the data online, we are just under 2,000 square feet. So we're at a good spot here. It's getting tough to find places near a million dollars that aren't like 1,100 square feet these days, I got to tell you. So this is a pretty good value play. Someone's going to come in here, maybe drop $50,000 to $100,000 max. You can spend a lot more if you want to, of course. And you could have a totally new, modern designed, remodeled home pretty easily. So I think this is a pretty good value play. I got more videos for you in the corner. I'll see you again real soon.