Offering strong value within Waikoloa Village, this upgraded and partially furnished 2-bedroom, 2-bath condo offers a versatile opportunity for full-time living, second home use, or income-producing investment. Located within the private, gated community of Fairway Terrace, Unit L208 sits in the desirable upper section of the complex, offering a peaceful setting with nearby open green space and a private serene lanai view. This freshly painted second-floor unit has been thoughtfully refreshed with upgrades completed in recent years, including granite countertops in the kitchen and bathrooms, custom African Mahogany and Mango wood cabinetry with soft-close hinges, Kohler sink, Pfister fixtures, recessed and pendant lighting, ceiling fans, vinyl wood flooring, newer screened windows and lanai door, cordless blinds. Additional updates include a new water heater and leak alarm, new television and interior paint. Sold partially furnished, the unit includes a newer sofa, TV, bar stools, bed frames with Sealy mattresses, desk, side tables, lamps, and kitchenware-making it move-in or rental ready. Zoned for short-term vacation rentals (STVR), this property provides flexibility to generate rental income now while securing your future place in Hawai'i. Additional features include one covered, deeded parking stall (#72), solar panels for reduced electric costs, and upcoming exterior paint improvements within the complex. Fairway Terrace amenities include a pool, spa, fitness center, BBQ area, car wash station, and community laundry. Conveniently located near Waikoloa Highlands Shopping Center, Waikoloa Plaza, and Waikoloa Village Golf Course as well as a short drive to some of most beautiful beaches Hawai'i has to offer. Waikoloa Village Association membership offers added benefits, including discounted golf, community pool, tennis, and more.