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Kona Plantation Estates Foreclosure For Sale

If you like unusual high-end bathrooms, this REO home for sale in Kona might surprise you…This bank-owned 3,800 sq. ft. house on 1.1 acres is also unusual in that it is a luxury home! It is rare to find a foreclosed property that is of the highest quality construction and amenities.

One of three master bathrooms with an outdoor shower (MLS# 242705) $1,150,000

In this North Kona REO property, each of three identical stand-alone bedrooms features a granite master bathroom with jetted tub and rock wall enclosed outdoor shower. Yes! This is a great house for large gatherings. The bedrooms radiate pod-style around the central living area. The huge great room has several seating areas, pocket doors throughout, 2 half bathrooms, and a big lanai with ocean views.

Great room and lanai

The pool has a separate spa, a cabana, and an ocean view. There is also a bonus room with private sauna, powder room, and outdoor shower that can be used as a guest room or fitness room. The house is private, surrounded by lush landscaping.

Also unusual in an REO is the house’s history as a successful vacation rental—complete with property manager, and it’s move-in ready. Usually, bank-owned properties are in pretty bad shape and there’s a lot of work to be done. Not this time. To get this type of home at this price with the option of keeping it as a vacation rental is uncommon. A similar home in the same complex lists for $1.7M.

View to the ocean

The location is on the mountainside between Palisades and Kailua-Kona Keahole Airport. Kona Plantation Estates is a gated community with a community tennis court.

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Erik Hinshaw

March 10, 2011

Hey Michele, Great House. I love outdoor showers. Also I just heard that the other house just got an offer. I bet this one is next.

Erik Hinshaw

March 10, 2011

Hey Michele, Great House. I love outdoor showers. Also I just heard that the other house just got an offer. I bet this one is next.

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