5380 HONOIKI RD, #J33, PRINCEVILLE, HI 96722

MAJOR PRICE IMPROVEMENT — RARE VALUE OFFER! Offered well below the recent $1,855,000 appraisal — NOW is the opportunity to own one of Hanalei Bay Resort's most coveted top-floor penthouses. Wake up to sweeping panoramic views of sparkling Hanalei Bay, dramatic Makana ("Bali Hai"), cascading waterfalls, emerald mountains and unforgettable North Shore sunsets—all from the luxury of your own home. This 2-bedroom, 2-bath residence (≈1,324 sq ft + loft) features soaring vaulted ceilings and walls of glass, creating a spectacular front-row seat to Kauai's natural beauty. One of the resort's most desirable locations and lock-off floor plans delivers exceptional flexibility for both personal use and vacation rental income. The private-entry second bedroom, with full bath and expansive lanai, allows the residence to function as: Full 2-bedroom penthouse + loft 1-bedroom residence + loft Private studio guest suite This flexibility generated ≈$148,600 in gross rental revenue over the most recent 12 months, with rental history and financials attached. Inside, enjoy a beautifully renovated kitchen with premium stainless-steel appliances and contemporary finishes. The versatile loft provides additional space for guests, a home office or media room. Set within Hanalei Bay Resort's lush 22-acre oceanfront paradise, owners enjoy a lagoon-style pool with waterfalls & hot tub, tennis/pickleball courts, fitness center, Happy Talk Lounge, resort shuttle & bell service, plus direct beach access to legendary Hanalei Bay. Minutes from Princeville Makai Golf Club, Hanalei Town, world-class beaches, dining, shopping, hiking & surfing. Panoramic views. Proven rental income. Exceptional flexibility. Unbeatable value. Major price improvement. If you've been waiting for the right opportunity at Hanalei Bay Resort, this is it. Welcome to your dream home on Kauai's spectacular North Shore.

Listed by: Aloha Realty Kauai LLC
Year Built: 1975
Levels:

Garage Spaces:
Carport Spaces:
Parking Features: Unassigned
Additional Structures:
Home Warranty:

Lava Zone:
Flood Zone: X

Zoning: RR-10
Horse Amenities:

© 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. IDX and Information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.