Cribline Thanksgiving Special Feature (Cont.) Live for Free, Make Money in Kauai 5 Bedroom 7 Acre Estate
Check out this stunning 7 acre estate surrounded by the sea located at 5055-H Aliomanu Road, Kauai, Hawaii.
This 5 bedroom 6 bath open-air, pavilion style home features a central courtyard where Koi splash in the fountain filled with water lilies and anthirium share the sun with a wide variety of tropical fauna.
The main home is an architectural gem by world renowned design firm HendrixAllardyce which has been totally restored and in original condition. Built of solid 2×12 old growth redwood milled in Colorado, the home consists of three pod-like structures that are subtlety linked and designed to entertain, relax, or host guests for a dinner party on any one of the spacious lanais.
The floors are Travertine floors and the walls were lacquered to complement the redwood construction.
Separate from the main house is the newly renovated 2 story 2 bedroom “Garden House” overlooking avocado, lychee, mango, citrus, banana, heliconia and palm trees.
An added bonus to this abundantly giving property is a separate working office with an expansive view of Kauai’s amazing coastline.
This home was also featured in Architectural Digest, September 2004 and is offered fully furnished.
It’s on the market for $4,250,000. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $4,250,000 of $850,000, the mortgage would be $3,400,000. At a 4 percent interest rate fixed for 30 years, the gross payment would be about $19,775 per month After tax deductions, the net payment would be about $13,850 per month.
Note: The garden house could be rented out for about a $1,000 per night providing enough revenue to pay for the monthly net mortgage payment.
Happy vacation house hunting!