Pickleball Paradise – A Rare Hawaiian Gem with Exceptional Income Potential!
Are you dreaming of a private retreat that also doubles as a lucrative investment? Welcome to Pickleball Paradise, a unique property in Hawaii, offering exceptional potential for income generation & unforgettable group gatherings!
This stunning & expansive five-bedroom, three-bathroom, two-story home boasts approximately 3,536 sq. ft. of living space, two regulation-size, covered Pickleball courts, & an active and transferrable short-term vacation rental license. Its prime location and thoughtful design make it highly desirable for renters, whether for a relaxing vacation or a sports-themed retreat. The meticulously designed & maintained courts and spacious living areas add to its unmatched appeal.
The electricity connection is from pole to gate & underground throughout.
Designed for Comfort & Entertainment. Please be sure to watch video https://player.vimeo.com/video/1033971465
5 Bedrooms, 3 Bathrooms across two levels (two dens are also being used as sleeping area)
Generous living areas on both floors, ideal for hosting large groups (9 beds sleeps 14)
Two regulation-sized, covered pickleball courts with NOVA Surface System & Dominator Heavy Duty Semi Permanent Net Systems.
Active & transferrable short-term vacation rental permit
Spacious lanais on both levels, ideal for enjoying the refreshing Hawaiian breezes & outdoor living.
Open, airy layout that’s perfect for gatherings, relaxation, or simply enjoying the island lifestyle
2 full acres of very fertile land
Fully furnished with a few item exceptions
The Cap rate is based on a projected rental income:
15 nights x $1,000 per night = $15,000
Adjusted NOI:
$180,000 (current NOI) + $15,000 (rental income) = $195,000
Cap Rate:
($195,000 ÷ $1,490,000) x 100 = 13.11%
This cap rate is based on the estimated rental income. The buyer and buyer's agent should confirm these figures through due diligence.