Renovation Opportunity in Gated Fairway Terrace!
Bring your vision and unlock the potential of this 2-bedroom, 2-bathroom fixer-upper condo located in the desirable gated community of Fairway Terrace in Waikoloa Village. This property offers a fantastic opportunity for buyers looking to build equity, investors seeking their next project, or anyone ready to create a personalized island retreat.
The functional floor plan provides a solid foundation for renovation and customization, allowing you to transform the space to match your style and needs. Priced to reflect its condition, this condo offers tremendous value in one of Waikoloa Village's most sought-after communities.
Residents of Fairway Terrace enjoy a variety of on-site amenities, including a pool, hot tub, fitness room, and dedicated parking space. Ownership also includes membership in the Waikoloa Village Association, featuring access to the Robert Trent Jones Jr. golf course, tennis courts, and a swimming lap pool.
Conveniently located just a short drive from the Kohala Coast's world-famous beaches, this property is close to white sand beaches, ocean activities, shopping, dining, and entertainment. Whether you're searching for a primary residence, vacation getaway, or investment property, this renovation opportunity offers endless possibilities in a prime Big Island location.
Sold As-Is. Bring your contractor and imagination!
For sale
$325,000
68-3831 Lua Kula St #K205, Waikoloa, HI 96738
2beds
785sqft
Condominium
Built in 1989
-- sqft lot
$320,400 Zestimate®
$414/sqft
$996/mo HOA
What's special
Swimming lap poolTennis courtsHot tubFitness roomDedicated parking spaceFunctional floor plan
- 8 days
- 223
- 8
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tiphany M Myers 8088257017,
Big Island Living
Source: Hawaii Information Service,MLS#: 733559
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Microwave, Oven, Refrigerator, Washer/Dryer Stacked
- Laundry: Hook-ups Available
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 785
- Total interior livable area: 785 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Two
- Pool features: In Ground, Outdoor Pool, Pool/Spa Combo
- Has spa: Yes
Details
- Parcel number: 3680030020156
- Zoning: RM-1.5
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1989
Utilities & green energy
- Water: Private
- Utilities for property: Electricity Available, Phone Available, Sewer Connected, Underground Utilities
Community & HOA
Community
- Security: Gated Community, Key Card Entry
- Subdivision: WAIKOLOA VILLAGE
HOA
- Has HOA: Yes
- HOA fee: $996 monthly
Location
- Region: Waikoloa
Financial & listing details
- Price per square foot: $414/sqft
- Tax assessed value: $355,000
- Annual tax amount: $4,153
- Date on market: 9/22/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: CPR
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$320,400
$304,000 - $336,000
$2,787/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | $325,000+242.1%$414/sqft |
Source: | ||
| 12/1/1992 | Sold | $95,000$121/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,442 +9.2% | $379,700 +9.2% |
| 2024 | $4,069 +13.5% | $347,800 +13.5% |
| 2023 | $3,585 +22.1% | $306,400 +22.1% |
| 2022 | $2,937 +20.3% | $251,000 +20.3% |
| 2021 | $2,442 +4.3% | $208,700 +4.3% |
| 2020 | $2,341 +12.5% | $200,100 +12.5% |
| 2019 | $2,080 +23.1% | $177,800 +8% |
| 2018 | $1,689 +15.7% | $164,600 +14% |
| 2017 | $1,460 +47.7% | $144,400 +7.3% |
| 2016 | $989 | $134,600 +13.8% |
| 2015 | $989 | $118,300 +9.1% |
| 2014 | $989 | $108,400 |
Find assessor info on the county website
Monthly payment
Est. payment







