3811 Edward Rd , #1206

Description

PRICED $180K+ BELOW ASSESSED VALUE | ACTIVE VACATION RENTAL Second-floor, garden-view unit at The Cliffs at Princeville. Fee simple, fully furnished, and currently operating as an active vacation rental. County-assessed at over $900,000, it's offered at $719,000. The unit could use some updating, and that's where the opportunity sits — a buyer willing to put in some cosmetic work stands to gain real equity. Rental management just changed hands: Heavenly Vacations recently took over Vacasa's Kaua?i inventory, including this unit. Nightly rates are already up by more than $100 nightly since the transition, with room to grow further as the new program ramps up. Two private lanais open to garden views filled with birdsong. Guests consistently comment on how quiet the unit is compared to the buildings closer to the ocean. Inside: an open, light-filled layout with strong cross-ventilation, a full kitchen, and two full bathrooms. The living room's queen sleeper sofa brings the capacity to four guests. Amenities include a lagoon-style pool, two hot tubs, tennis and pickleball courts, a putting green, fitness center, BBQ areas, shuffleboard, twice-weekly farmers markets, and an activities desk. Makai Golf Course borders the property, and the bluff trail is a short walk to sunset overlooks and beaches most visitors never find. Anini Beach, Hanalei Bay, Tunnels, and Ke?e Beach are all within 15 minutes. This is the largest price-to-assessed-value gap in the complex — priced for a buyer willing to do a little work.