New Listings - Updated Every Minute ⓘ MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.
Total 3 Kona Kai Condos - 3 loaded
New Listings - Updated Every Minute ⓘMLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.
Built: 1969, 95 1 & 2BR Units in 12 2-Story Building on 4.18 Acres.
Amenities: Pool, BBQs.
Short-term Vacation Renting: Allowed.
Developer: C F F Associates.
Kona Kai is right in the middle of Kailua-Kona town, its location 1/3 mile from the ocean. This is a small community of its own, made up of twelve, wooden two-story buildings. The one and two bedroom condos have interiors spanning 411 to 624 Sq Ft with one covered lanai exterior.
Please note that these are Leasehold properties, the lease expiring in 2034 and renegotiation scheduled for 2029.
There is a shared coin laundry on-site for residents to use. Ceiling fans are built into the living area and bedroom (master bedroom only in two bedrooms), many owners adding window a/c units themselves. Each unit has one assigned, uncovered parking stall. Some of the upper floor residences have peekaboo to partial ocean views from them.
Amenities & Things To Do Although you’re in the more developed part of Kona, it’s still less than ½ mile to the sands at Kamakahonu Beach. The cove it sits in keeps the waters calm, so you can enjoy swimming or just wading around without getting tossed around by the waves. A reef not far out from the beach is a snorkeler’s paradise, teeming with tropical fish and undersea life that will be all around you.
Kailua Pier stands right next to the beach, providing not only a great vantage point to see the sunset, but is also where local festivities are often held. You also have daily conveniences right across the street, in two different directions, from your home.
Cross Alapa St on your north and you’re at Kona Coast Shopping Center. Sitting on the other side of Palani Rd to your east is Lanihau Center. Between the two you have a range of options for dining & shopping, along with gas and groceries.
Kona Kai is a leasehold property and the value of leasehold properties tend to decline as the lease expiration nears. Due to this, a graph of Kona Kai performance is less relevant. Instead, the graph above depicts the fee simple performance of Kona condos, offering a more meaningful representation of the surrounding market.
Kona Market Summary (February '25 - January '26 vs February '24 - January '25)
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
