265 Kenolio Rd , Kihei

This Multi-Dwelling Estate presents a smart addition to any investor’s portfolio, with solid income history and great tenant appeal. Just one block from the ocean, this distinctive Kihei estate sits on 3/4 acre of meticulously maintained grounds and includes THREE separate dwellings totaling 11 beds, 9.5 baths, and 4384 living sq ft. Zoned for up to 6 dwellings, it’s ideal for multi-generational living, shared ownership, or high rental income. The two-story rear residence offers five bedrooms and five bathrooms, including “The Penthouse” suite with spa-style shower, rooftop deck, and jacuzzi showcasing ocean and mountain views. The front house has five bedrooms and three bathrooms, featuring a fully remodeled upstairs suite with private entrance. A modern detached cottage includes a full kitchen, Murphy bed, built-in office, full bath, outdoor shower, and half bath. All residences are in excellent condition, requiring no significant updates unless future owners wish to expand. With no HOA, AC throughout, owned PV systems, two water meters, and a purchased transformer, the property offers both comfort and long-term flexibility.