Hawaii Living

Kona Islander Inn #123 (Kona)

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Photo 1 of 75-5776 Kuakini Highway #123, Kona
Photo 2 of 75-5776 Kuakini Highway #123, Kona
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75-5776 Kuakini Highway #123, Kona

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Soraya Letournel
COMPASS
Phone: (808) 365-3528

Description
This is a leasehold property. With over $67,000 gross yearly income, this is a great investment property!Welcome to your tropical escape at the Kona Islander Inn! This charming condo offers a private lanai that opens to beautifully landscaped grounds, inviting you to relax and recharge in a serene setting. Whether you're sipping your morning coffee or unwinding after a day of adventure, this peaceful space is the perfect retreat.This unit is currently an active Short-Term Vacation Rental with a solid history of bookings—an ideal opportunity for those seeking an investment property in the heart of Kailua-Kona. The complex features resort-style amenities including a pool and hot tub, lush tropical gardens, BBQ grills, and a welcoming front desk team to assist with guest check-ins and check-outs.Perfectly situated on vibrant Alii Drive, you're just steps away from beaches, restaurants, shops, and local entertainment. Parking is available on a first-come, first-serve basis, and the on-site laundry room is accessible with a key card.Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet, helping you keep your costs fixed and budgeting simple. The lease runs through 2079 with a renegotiation date set for 2029.Don’t miss this opportunity to own a slice of paradise in one of Kona’s most popular vacation destinations!
Recent Activity
Recent Sales
(Kona Islander Inn)
  • #228: Studio | 1 Ba @ $199K (12/17/25)
  • #138: 1 Bd | 1 Ba @ $165K (12/12/25)
  • #201: Studio | 1 Ba @ $195K (7/30/25)
  • #306: Studio | 0 Ba @ $245K (7/29/25)
  • #316: Studio | 1 Ba @ $230K (2/7/25)
  • #323: Studio | 1 Ba @ $165K (1/9/25)
  • #148: Studio | 1 Ba @ $245K (12/24/24)
  • #203: Studio | 1 Ba @ $190K (12/11/24)
  • #202: Studio | 1 Ba @ $207K (12/6/24)
  • #319: Studio | 1 Ba @ $240K (10/17/24)
  • #221: Studio | 1 Ba @ $220K (8/23/24)
  • #353: Studio | 1 Ba @ $235K (5/1/24)
  • #119: Studio | 1 Ba @ $199K (1/12/24)
  • #131: Studio | 1 Ba @ $279K (8/22/23)
  • #223: Studio | 0 Ba @ $260K (8/17/23)
  • #218: Studio | 0 Ba @ $260K (3/31/23)
  • #115: Studio | 1 Ba @ $220K (3/29/23)
  • #336: Studio | 1 Ba @ $260K (12/20/22)
  • #152: Studio | 1 Ba @ $275K (12/7/22)
  • #240: Studio | 1 Ba @ $232K (11/17/22)
  • #250: Studio | 1 Ba @ $270K (11/16/22)
  • #341: Studio | 0 Ba @ $175K (2/4/22)
  • #315: Studio | 1 Ba @ $192K (1/26/22)
  • #209: Studio | 1 Ba @ $175K (11/29/21)
  • #211: Studio | 1 Ba @ $175K (11/24/21)
  • #212: Studio | 1 Ba @ $175K (11/24/21)
  • #120: Studio | 0.5 Ba @ $139K (9/24/21)
  • #123: Studio | 1 Ba @ $154K (8/25/21)
  • #219: Studio | 1 Ba @ $139K (8/19/21)
  • #103: Studio | 1 Ba @ $160K (8/19/21)
  • #334: Studio | 1 Ba @ $185K (7/29/21)
  • #335: Studio | 1 Ba @ $175K (7/29/21)
  • #126: Studio | 1 Ba @ $149K (6/23/21)
  • #116: Studio | 1 Ba @ $138K (6/4/21)
  • #139: Studio | 1 Ba @ $162K (5/14/21)
  • #110: Studio | 1 Ba @ $165K (4/19/21)
  • #342: Studio | 1 Ba @ $185K (6/7/19)
  • #144: Studio | 1 Ba @ $165K (11/15/18)
  • #349: Studio | 1 Ba @ $170K (7/12/18)
  • #337: Studio | 1 Ba @ $140K (6/27/18)
  • #328: Studio | 1 Ba @ $131K (6/21/18)
  • #331: Studio | 1 Ba @ $135K (6/20/18)
  • #241: Studio | 1 Ba @ $137K (5/24/18)
  • #220: Studio | 1 Ba @ $119K (3/12/18)
  • #244: Studio | 1 Ba @ $177K (2/2/18)
  • #249: Studio | 1 Ba @ $145K (11/29/17)
  • #242: Studio | 1 Ba @ $165K (9/21/17)
  • #142: Studio | 0 Ba @ $172K (9/19/17)
  • #236: Studio | 1 Ba @ $145K (8/11/17)
  • #230: Studio | 1 Ba @ $110K (8/4/17)
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $3.46
  • Price / ft²: $548
  • Zoning: V-.75
  • Amenities: Microwave Hood, Refrigerator
  • TMK: 3750080030053
  • Tax Assessed Value: $200,500
  • Courtesy: COMPASS / 8083653528
  • MLS: 720985
About Kona Islander Inn
  • Address: 75-5776 Kuakini Hwy, Kailua-Kona, HI 96740.
     
  • Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
     
  • Amenities: Pool, Hot Tub.
     
  • Short-term Vacation Renting: Allowed.
     
  • Developer: Kona Islander Inn Corp.

The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.

The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor


  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on December 24, 2025.
Other Kona Islander Inn Listings
Leasehold
$199,000
Kona Islander Inn #305
Studio | 1 Ba
372 ft²
Leasehold
$215,000
Kona Islander Inn #335
Studio | 1 Ba
372 ft²
Leasehold
$216,000
Kona Islander Inn #339
Studio | 1 Ba
372 ft²
Leasehold
$220,000
Kona Islander Inn #135
Studio | 1 Ba
372 ft²
Other Big Island Condos
Hilo
$209,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
Hilo
$185,000
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Hilo
$225,000
Kalani Condominiums #206
2 Bds | 1 Ba
720 ft²
Hilo
$225,000
Orchid Manor Hilo #330
Studio | 1 Ba
496 ft²
Hilo
$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
Hilo
$237,000
Lagoon View Apartments #A3
1 Bd | 1 Ba
448 ft²
  • Asking Price: $204,000
Description
This is a leasehold property. With over $67,000 gross yearly income, this is a great investment property!Welcome to your tropical escape at the Kona Islander Inn! This charming condo offers a private lanai that opens to beautifully landscaped grounds, inviting you to relax and recharge in a serene setting. Whether you're sipping your morning coffee or unwinding after a day of adventure, this peaceful space is the perfect retreat.This unit is currently an active Short-Term Vacation Rental with a solid history of bookings—an ideal opportunity for those seeking an investment property in the heart of Kailua-Kona. The complex features resort-style amenities including a pool and hot tub, lush tropical gardens, BBQ grills, and a welcoming front desk team to assist with guest check-ins and check-outs.Perfectly situated on vibrant Alii Drive, you're just steps away from beaches, restaurants, shops, and local entertainment. Parking is available on a first-come, first-serve basis, and the on-site laundry room is accessible with a key card.Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet, helping you keep your costs fixed and budgeting simple. The lease runs through 2079 with a renegotiation date set for 2029.Don’t miss this opportunity to own a slice of paradise in one of Kona’s most popular vacation destinations!
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on December 24, 2025.
    • Address: 75-5776 Kuakini Hwy, Kailua-Kona, HI 96740.
       
    • Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
       
    • Amenities: Pool, Hot Tub.
       
    • Short-term Vacation Renting: Allowed.
       
    • Developer: Kona Islander Inn Corp.

    The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.

    The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor


      ... Read more
    Other Kona Islander Inn Listings
    Leasehold
    $199,000
    Kona Islander Inn #305
    Studio | 1 Ba
    372 ft²
    Leasehold
    $215,000
    Kona Islander Inn #335
    Studio | 1 Ba
    372 ft²
    Leasehold
    $216,000
    Kona Islander Inn #339
    Studio | 1 Ba
    372 ft²
    Leasehold
    $220,000
    Kona Islander Inn #135
    Studio | 1 Ba
    372 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, our network of agents can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.