74-5618 PALANI RD #A4 Kailua Kona, HI 96740
1 Bed
1 Bath
480 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 480 sqft
Price per Sqft $291
Subdivision Kona Industrial Subdivision
MLS Listing ID 732427
Bedrooms 1
Full Baths 1
HOA Fees $625/mo
HOA Y/N Yes
Rental Info 323
Year Built 1969
Annual Tax Amount $1,204
Tax Year 2026
Property Sub-Type Condominium
Source Hawaii Information Service
Property Description
Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one.
Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere.
The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business.
The sale includes one assigned parking space, adding convenience for both owners and guests.
Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required.
Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.
Location
State HI
County Hawaii Island (big Island)
Community Kona Industrial Subdivision
Area Hi
Building/Complex Name Kona Kai
Zoning CV-10
Region North Kona
City Region North Kona
Interior
Flooring Ceramic Tile, Laminate
Appliance Range, Refrigerator
Exterior
Parking Features Assigned
Pool In Ground
Utilities Available Electricity Available, Phone Available, Sewer Connected
View Y/N Yes
View Coastline
Garage No
Private Pool Yes
Others
Ownership CPR
Monthly Total Fees $625
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Leasehold, Standard
Nearby Locations