This is a leasehold property. Prime location! Kona Kai condominiums is in walking distance to shopping, the bay front, and downtown shops and pier. This one-bedroom, second-floor unit is located in the heart of Kailua-Kona and features a partial mountain view from the lanai. The condo has been recently updated with new propane range and refrigerator, freshly painted, and other minor repairs.<br><br>The zoning currently permits short-term vacation rentals, making this an ideal opportunity. The current land lease rent is $323 per month. Monthly maintenance fees are $707 (subject to change) covering landscaping, common area upkeep, trash removal, propane for cooking, hot water, and common area insurance.<br><br>Kona Kai residents enjoy a community pool, BBQ area with picnic tables, and a coin-operated laundry room equipped with new machines. This property is being sold for cash, as traditional financing is not available. A great value for a centrally located home or rental in the heart of Kailua!<br><br>MLS listing details and public records are believed to be accurate, but cannot be guaranteed. Buyers should independently verify any information they consider essential or relevant to their purchase. Association Manager: Associa Hawaii.
For sale
$110,000
74-5618 Palani Rd APT K4, Kailua Kona, HI 96740
1beds
535sqft
Est.:
Condominium
Built in 1969
-- sqft lot
$107,400 Zestimate®
$206/sqft
$707/mo HOA
What's special
Community pool
- 7 days
- on Zillow |
- 551 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 03:58am
Listed by:
Kevin E Lewis 8088954956,
Coldwell Banker Island Properties - Hilo
Source: Hawaii Information Service,MLS#: 723211
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 535
- Total interior livable area: 535 sqft
Property
Parking
- Parking features: Assigned
Features
- Pool features: In Ground
Details
- Parcel number: 3740100360075
- Zoning: CV-10
- Special conditions: Leasehold,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1969
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected
Community & HOA
Community
- Subdivision: KONA INDUSTRIAL SUBDIVISION
HOA
- Has HOA: Yes
- HOA fee: $707 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $128,700
- Annual tax amount: $1,580
- Date on market: 8/14/2025
- Listing terms: Cash
- Ownership: CPR
- Electric utility on property: Yes
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