Listing photoWaikoloa, HI 96738 · MLS 733559
"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!"
68-3831 Lua Kula St Unit K205 is a 2-bedroom, 2-bath home in Waikoloa, Hawaii listed at $325,000 with 785 square feet, built in 1989. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($32,500), we fund the $35,325 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Hawaii or our Hawaii hard money lending page.
From the listing. Fixer-upper condo in the gated Fairway Terrace community, Waikoloa Village, sold as-is. 2 bed, 2 bath, 785 sqft, built 1989, $995/mo HOA.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $32,500 (10%) | |
| Loan at closing | $292,500 | |
| Cosmetic renovation, rough estimate* | We fund $35,325 | |
| Total loan | $327,825 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,917) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,664 at full draw | |
| Cash to close, rough estimate | $41,807 | |
Rough estimates at the list price of $325,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"CASH only due to condition."
Cash or hard money only"Cash only as the structures were built without permits."
"CASH ONLY."
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