Prime Investment Opportunity – Ocean View Vacation Rental in Kailua-Kona
Seller offering $15,000 in concessions to help pay down mortgage points, HOA fees, upgrades, etc.
Seize the opportunity to own a high-performing vacation rental in the heart of Kailua-Kona! This turnkey, one-bedroom, one-bathroom condo boasts a top-floor view of Kailua Bay and an impressive 90% occupancy rate, making it a proven income-generating asset.
Meticulously maintained, this unit offers modern comfort with air conditioning and a thoughtfully designed interior that keeps guests returning. The spacious lanai provides views to breathtaking sunsets and the lively energy of Kailua Village, all while maintaining a serene retreat for visitors.
Location is unbeatable—just one block from the ocean, dining, shopping, and entertainment, ensuring strong rental demand year-round. Unit has assigned parking which provides the benefit of guests not having to pay for parking.
Benefits of condo:
Tropical breezes from ocean and mountain keep condo cool and A/C helps in summer.
Pull out couch for extra guest
Fully stocked for all needs for visitors - truly turn key
Whether you’re expanding your portfolio or seeking a personal island getaway with income potential, this condo has a great rental history.
Kailua Village Condominium offers:
Pets are allowed with Board approval.
Convenient assigned parking stall- #08
Pool and BBQ area
Secured building/elevator
On-site manager
Coined laundry room
The rental income history is available and the current leasing manager is willing to manage the property after sale.
Sold for $460,000 on 06/27/25
$460,000
75-5766 Kuakini Hwy APT 503, Kailua Kona, HI 96740
1beds
639sqft
Condominium
Built in 1972
-- sqft lot
$453,900 Zestimate®
$720/sqft
$2,116 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 27, 2025 at 02:34am
Listed by:
Julie Ziemelis 8087852898,
Real Broker
Bought with:
Jamie Moe, RS-85950
eXp Realty
Source: Hawaii Information Service,MLS#: 719244
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat Pump, Zoned
Cooling
- Air Conditioning, Heat Pump, Zoned
Appliances
- Included: Dishwasher, Dryer, Microwave Hood, Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Elevator
- Flooring: Ceramic Tile, Vinyl
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 639
- Total interior livable area: 639 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Three Or More
- Stories: 7
- Pool features: Gunite
- Fencing: Chain Link
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Topography: Level
Details
- Parcel number: 3750080160041
- Zoning: V-.75
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete
Condition
- Year built: 1972
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected
Community & neighborhood
Security
- Security features: Closed Circuit Camera(s), Keyed Elevator
Community
- Community features: Trash Chute
Location
- Region: Kailua Kona
- Subdivision: HIENALOLI 1ST - HIENALOLI 6TH
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $881 monthly
Other
Other facts
- Listing terms: 1031 Exchange,ARM,Cash,Conventional
- Ownership: CPR
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$453,900
2% more+$9,078
With Zillow Showcase(estimated)$462,978