This is a leasehold property ***Spectacular Hawaiian Home Lands opportunity for qualified buyers*** Live the life with this comfortable Kauai cottage only minutes from Anahola Beach Park. Property offers a spacious and very private 1/4 acre yard packed with mature trees including: Lemons, limes, calamungay, and of course the incredible smooth and delicious Hass avocado tree. Roof has recently been replaced and boasts 18 photovoltaic panels which run all the electric in the home resulting in no electric bills and a nice credit every month. In addition you will also find an passive solar hot water system to maximize your energy efficiency every month. The interior of the home has a very functional floor plan with four full bedrooms and three baths. Third bathroom is conveniently located in the carport, perfect for washing off after the beach. ***Prospective Buyers must meet the DHHL minimum qualifications: *** You must be a native Hawaiian, defined as “any descendant of not less than one-half part of the blood of the races inhabiting the Hawaiian Islands previous to 1778.” This means you must have a blood quantum of at least 50 percent Hawaiian. ***This is a leasehold property*** Annual lease rent of $1.00 per year; 99-year lease; Lease term which can be extended for an additional 100 years, allowing you to pass your homestead from generation to generation; Seven-year exemption from real property tax; Complete exemption of tax on land; Minimal real property tax after the first seven years (applies only to County of Kauai and City and County of Honolulu, Oahu); Taxing of assessed value of improvements on property (Hawaii and Maui counties only); Homeowner’s exemption (to be filed with respective county’s real property tax office); Low interest government loans ; and Ability to use the equity in your property to obtain loans

Listing courtesy of HISMLS / RE/MAX Kauai - Kapaa Office

Last checked: Checking… • Last updated Nov 20, 2024 • Source: HISMLS

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