5380 HONOIKI RD, #J33, PRINCEVILLE, HI 96722
Princeville

$1,848,000(fs)

Property Details

• Year Built: 1975
• Floor Covering: Ceramic Tile, Vinyl
• Lot Description: Landscaped, Rim Lot
• Parking: Unassigned
• Pool: Yes
• Property Frontage: Almost Oceanfront
• Road Type: Paved
• Views: Bay, Coastline, Mountain(s), Ocean, Ocean Horizon, Sunset, Waterfall
• Water: Private
• Security Systems: Smoke Detector(s)
• Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Oven, Refrigerator, Washer/Dryer Stacked
• Project: HANALEI BAY RESORT
• District: Hanalei
• Subdivision: Princeville
• Unit Description: High Floor Unit, Penthouse
• Zoning Code: RR-10
• Taxkey (TMK): 4540110030059
• Acceptable Terms: 1031 Exchange, Cash, Conventional
• Land Tenure: Fee Simple
• Annual Property Taxes: $16,939
• Oceanfront: Yes
• Features: Cathedral Ceiling(s), High Ceilings, Recreation Room, Vaulted Ceiling(s)
• Monthly Fees: $4,553
• Utilities: Cable Available, Phone Available, Sewer

ive Above Hanalei Bay. Set on top of Hanalei Bay Resort, this rare top-floor 2BR + loft penthouse captures sweeping views of Hanalei Bay, waterfalls, mountain ridgelines, and year-round sunsets from one of the North Shore’s most desirable resort settings. Vaulted ceilings and expansive glass bring in natural light and keep the focus where it belongs—out toward the bay, surf, sky, and dramatic green backdrop that make this location so special. The lanai becomes a natural extension of the living space, perfect for morning smoothies, open-air dining, or unwinding at sunset. The flexible lock-off design offers an uncommon combination of comfort and versatility, with separate entrances, baths, and outdoor areas that allow the residence to function as a private island retreat, a place to host with comfort and separation, or a vacation rental opportunity, subject to resort guidelines. This is a layout that works well for both lifestyle and income-minded ownership. In its first year under new management, the property generated reported gross rental revenue of $139,158.01 across its studio, one-bedroom, and combined two-bedroom configurations, with $119,574.64 due to owner after reported expenses. That performance creates a strong baseline for buyers seeking proven rental history alongside exceptional personal enjoyment. The property is also offered below its recently appraised value, adding another compelling dimension to the opportunity. The kitchen has been thoughtfully updated with quartz countertops and KitchenAid stainless appliances, bringing a clean and durable finish to the interior. Top-floor units with this orientation are limited, and the elevation, privacy, and panoramic outlook set this residence apart. Hanalei Bay Resort amenities include lagoon-style pools, hot tubs, tennis courts, fitness facilities, on-site dining, and paved beach access, all just minutes from Hanalei, world-class beaches, and the natural beauty that defines Kaua‘i’s North Shore.