Real Estate for Sale: Hawaii, US, Bed and Breakfast Investment Property in Hawaii - East Hawaii, on the Big Island

Asking Price: $2,500,000
Location: East Hawaii, on the Big Island
City: Hilo
State/Province: Hawaii
Country: US
Type: Single Family

Historic Waterfalls Inn Bed and Breakfast is listed on the Hawaii State Historic Register and the National Register of Historic Places. This gracious, 6000 (approx.) sq. ft. estate is located on Reed’s Island (Koloiki), between the Wailuku River on the north and Waikapu Stream on the east and south within walking distance to Hilo Town. The river affords serenity and outstanding views with frequent double rainbows as the suns rays erupt from the old growth tropical rainforest surrounding its banks. The 1.56 acre lot was originally deeded to John Reed in 1868 by King Kamehameha IV as a wedding gift when Reed married into the royal family. Thomas Guard purchased the lot from Reed and built the home in 1916 which is why the property is also known as the Guard Estate. The current owners have dedicated four years to restoring the home to its original grandeur as well as upgrading with modern amenities including extensive improvements to the electrical and plumbing systems. Many of the original extra large, deep soaking cast iron bath tubs and pedestal sinks are still in use. This award winning, luxury bed and breakfast is fully licensed for four bedrooms with en suite baths on the second floor, owners quarters in the fully finished and permitted basement, powder room and office with a full bath on the first floor, “servants” quarters with a full bath, a gracious, covered veranda of approx. 800 sq. ft., and a large (600+ sq ft) glass-paned sunroom. The use permit for the B&B may be amended to include up to 5 bedrooms; please inquire. The RS-15 zoning may allow for additional, future structures and expansion adding considerable value to the property.
For Sale as a residence without the business or furnishings the List Price is $2,400,000. SEE MLS 187635 Residential Listing
For Sale as a residence with the active B&B business fully furnished SEE MLS 187918 $2,500,000.
Contact:
Rebecca Keliihoomalu (S) or Tobi Fisher
MacArthur & Company Sotheby's International Realty
Listor Phone: (808) 895-1156 or (808) 960-4993
Office Phone: (808) 885-8885
rebecca@macarthurhawaii.com
MLS #187635 and MLS# 187918
For more information and photos please go to
www.macarthurhawaii.com
www.luxuryrealestate.com
www.sothebysrealty.com
www.waterfallsinn.com