Nihilani Princeville – Rare Turn-Key Vacation Rental Opportunity
Discover this beautifully maintained 3-bedroom, 3-bathroom condo in the highly sought-after Nihilani community of Princeville, Kauai. Spanning 1,567 sq ft of finished living space, this home offers the perfect blend of comfort, style, and effortless income potential in one of Hawaii’s most desirable resort destinations.
Completely updated and move-in ready, the property features a brand-new whole-house air conditioning system installed in 2025, ensuring year-round comfort for owners and guests alike. Every detail has been thoughtfully finished, creating a welcoming, upscale retreat that consistently earns rave 5 star reviews.
This is far more than just a condo — it’s a proven, highly successful vacation rental business. Currently generating approximately $13,000-14,000 per month in gross rental income, the property comes fully equipped with an established management, cleaning, and booking system already in place. Rentals are booked solid through summer 2027, providing immediate cash flow from day one.
As a true turn-key investment, the sale includes:
• All existing management and rental operations
• Professional cleaning services
• A fully paid 2026 Kia van used by guests for convenient airport transfers and island exploration
Princeville’s world-class golf courses, stunning beaches, hiking trails, and luxury amenities are right at your doorstep, making this location a magnet for repeat visitors and high-end travelers.
Whether you’re looking for a personal island getaway with strong rental upside or a hands-off income-producing asset, this Nihilani condo delivers both lifestyle and exceptional returns.
Priced to sell by well-known Kauai property expert Jonathan Robert. Serious inquiries only — contact Jonathan today to schedule a private showing and take advantage of this rare opportunity to own a turn-key Hawaii vacation rental business.
For sale by owner
$1,495,000
4919 Pepelani Loop APT 19B, Princeville, HI 96722
3beds
1,567sqft
Unknown
Built in 2005
-- sqft lot
$-- Zestimate®
$954/sqft
$1,016/mo HOA
What's special
Welcoming upscale retreat
What the owner loves about this home
Nihilani is the best owner condo community in Princeville. Very well run hoa with perfect grounds! Guests luv it and so do I!! This is the best 3bedroom income generating property below 1.5 million in Princeville period!! And it comes with a 50k van..! Just keeps getting better. Call me, Jonathan ,anytime to discuss anything!
- 86 days
- 448
- 18
Listed by:
Property Owner (623) 695-0145
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet
- Basement: None
Interior area
- Total interior livable area: 1,567 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Features
- Exterior features: Wood
- Has spa: Yes
- Has view: Yes
- View description: Mountain
Lot
- Size: 55 Acres
Details
- Parcel number: 540050240056
Construction
Type & style
- Home type: Unknown
Materials
- Foundation: Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2005
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $1,016 monthly
Location
- Region: Princeville
Financial & listing details
- Price per square foot: $954/sqft
- Tax assessed value: $1,233,900
- Annual tax amount: $14,048
- Date on market: 7/18/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Listed for sale | $1,495,000+123.3%$954/sqft |
Source: Owner Report a problem | ||
| 9/18/2006 | Sold | $669,500$427/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,048 +115.1% | $1,233,900 +3% |
| 2024 | $6,530 +7.4% | $1,198,100 +7.4% |
| 2023 | $6,080 -17.2% | $1,115,600 +49.7% |
| 2022 | $7,339 +8.3% | $745,100 +8.3% |
| 2021 | $6,776 -1.1% | $687,900 -1.1% |
| 2020 | $6,854 | $695,800 +7.6% |
| 2019 | -- | $646,600 +7.4% |
| 2018 | $5,929 +17.5% | $601,900 +5.6% |
| 2017 | $5,045 +123.1% | $570,000 +11.3% |
| 2016 | $2,261 | $511,900 +0.2% |
| 2015 | $2,261 -22% | $511,000 +3.7% |
| 2014 | $2,898 | $492,600 |
Find assessor info on the county website
Monthly payment
Est. payment




