Discover the perfect blend of modern comfort and island living at Fairway Terrace Unit #I208 - a recently renovated condo conveniently located in the heart of Waikoloa Village. Whether you're looking for a full-time residence, vacation getaway, or income-producing rental, this turnkey, fully-furnished, active short-term rental (STVR) property is a fantastic opportunity! Ideally located on the back perimeter of the complex, this second-floor unit offers a private setting with easy access to community amenities and all the conveniences of Waikoloa Village. Centrally located, just 15-20 minutes to many world-class beaches along the Kohala Coast! Fully remodeled in 2022, featuring: Luxury vinyl wood flooring Freshly painted interior Granite kitchen countertops Sleek kitchen cabinetry with ample storage Stainless steel appliances Deep stainless-steel farmhouse-style sink Contemporary light fixtures and ceiling fans Full-sized Washer & Dryer (stacked) Modern walk-in bathroom shower Contemporary bathroom vanity & sink Backlit LED bathroom mirror Fairway Terrace is a gated community with a variety of amenities. The complex utilizes a large photovoltaic solar system to help reduce electricity costs while also providing partial cover for parking (Unit I208 comes with one assigned stall). Residents enjoy access to Fairway Terraces private pool, spa, fitness room, and BBQ area. The complex has also undergone recent improvements, including a new roof in 2024 and ongoing exterior painting to maintain its appeal. As a Waikoloa Village Association (WVA) member, you have access to the Waikoloa Aquatic Center, tennis and pickleball courts, and discounted golf rates at The Village Course.