This is a leasehold property. Sunset Kahili Unit 407 presents a distinctive short-term vacation rental investment opportunity in Poipu, Kauai. This high-floor, one-bedroom, one-bath leasehold condo offers ocean, mountain and sunset views, with the ocean visible from the front entry, and is conveniently located near Poipu Beach, golf, dining, shopping and resort amenities.
Zoning allows short-term rental, offering an experienced vacation rental investor the opportunity to develop and implement their own operating strategy. Unit 407 is not currently operated as a short-term vacation rental, preserving flexibility for the next owner to determine how the property best fits their objectives.
The current lease term runs through June 14, 2042, creating a distinctive opportunity for buyers who understand leasehold ownership and how to evaluate a property within a defined ownership horizon. For an investor, that may include evaluating potential rental income, operating costs and capital recovery during the remaining lease term. A future lease extension could create meaningful additional investment upside beyond the current lease term; however, no lease extension is assured.
Cash purchase required. Whether considered as a vacation rental investment, second home or personal residence, Unit 407 offers a unique opportunity for a buyer who understands the characteristics and potential of finite-term leasehold ownership.
For sale
$498,000
1763 Pee Rd APT 407, Koloa, HI 96756
1beds
778sqft
Condominium
Built in 1969
-- sqft lot
$-- Zestimate®
$640/sqft
$969/mo HOA
What's special
- 23 days
- 630
- 20
Zillow last checked:
Listing updated:
Listed by:
Craig Alvarado 8086681007,
Hawai'i Modern Realty
Source: Hawaii Information Service,MLS#: 733060
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None
Cooling
- None
Appliances
- Included: Range, Refrigerator, Washer/Dryer Stacked
Features
- Meeting Room, Recreation Room, See Remarks
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 778
- Total interior livable area: 778 sqft
Property
Parking
- Parking features: Assigned
Features
- Exterior features: See Remarks
- Pool features: Gunite, In Ground
- Fencing: Chain Link
- Has view: Yes
- View description: Coastline, Mountain(s), Ocean, Sunset
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Ocean Front
- Frontage type: Almost Oceanfront
Lot
- Features: Landscaped, See Remarks
- Topography: Fairly Level
Details
- Parcel number: 4280190030024
- Zoning: R-10
- Special conditions: Leasehold,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Steel Frame
Condition
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
Community & HOA
Community
- Features: See Remarks
- Security: See Remarks
- Subdivision: LEE KWAI BEACH LOTS
HOA
- Has HOA: Yes
- HOA fee: $969 monthly
Location
- Region: Koloa
Financial & listing details
- Price per square foot: $640/sqft
- Tax assessed value: $644,700
- Annual tax amount: $3,513
- Date on market: 9/4/2026
- Listing terms: Cash
- Ownership: CPR
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $498,000$640/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $3,063 +102.2% | $346,100 +5.2% |
| 2016 | $1,515 | $329,000 +6.6% |
| 2014 | -- | $308,500 |
Find assessor info on the county website
Monthly payment
Est. payment






