Hawaii Living

Kona Kai #A3 (Kona)

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Photo 1 of 74-5618 Palani Rd #A3, Kona
Photo 2 of 74-5618 Palani Rd #A3, Kona
Photo 3 of 74-5618 Palani Rd #A3, Kona
  • Sold 4/10/23 at $165,000
    (List Price: $165,000)
  • Beds: 1
  • Baths: 1
  • Living: 480 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 2034
  • Lease Rent: $ 323 / month
  • Built: 1969
  • Maint. (HOA) Fees: $516 / month
  • Property Taxes: $101 / month
  • Est. Mortgage: $791 / mo - adjust loan
  • Time Listed for Sale: 14 days
  • Status: Sold
  • Buy without visiting ?
  • All Kona Kai condos for sale »
  • All Kona condos for sale »

74-5618 Palani Rd #A3, Kona

Description
This is a Leasehold Property, CASH offers only.

Are you looking for a piece of paradise to call your own? Look no further than Unit A-3 in Kona Kai. This stunning 1 bedroom, 1 bath unit was recently remodeled in 2021 and is a very active vacation rental.

The open and modern unit features a comfortable and stylish living area, a fully equipped kitchen with a gas range, and a luxurious bathroom. The bedroom offers a peaceful oasis for you to rest and relax overlooking the pool after a day of adventure.

But what truly sets Unit A-3 apart is its prime location within Kona Kai. You'll enjoy breathtaking views of the pool from your private balcony, and Kona's amenities are just steps away. Imagine waking up each morning to the sound of the gentle pool water and the warm sun shining through your windows.

Kona Kai has a central location, offering a wide range of activities and amenities for its residents. Take a dip in the refreshing pool, or the ocean which is just a block away. Conveniently located close to grocery stores and restaurants.

Investing in Unit A-3 means investing in a piece of paradise that you can enjoy year-round. Whether you're looking for a primary residence, a vacation home, or an investment property, this unit offers endless possibilities.

Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $515 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Lease rent is currently $323 per month, paid to lessor every 6 months.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.07
  • Price / ft²: $344
  • Zoning: CV-10
  • View: Garden
  • Security Features: None
  • Amenities: Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Refrigerator, Washer
  • TMK: 3740100360003
  • Tax Assessed Value: $98,400
  • Courtesy: Kona Pacific Realty / 8087566872
  • MLS: 701649
About Kona Kai
  • Address: 74-5618 Palani Rd, Kailua-Kona, HI 96740.
     
  • 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 Leas


  ... 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 26, 2025.
Other Kona Kai Listings
Leasehold
$164,900
Kona Kai #D5
1 Bd | 1 Ba
535 ft²
Leasehold
$155,000
Kona Kai #M1
2 Bds | 1 Ba
624 ft²
Leasehold
$119,000
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Leasehold
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
Other Hawaii Condos
Hilo
$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
Hilo
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Hilo
$209,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
Waikiki
$158,000
Pacific International #303
Studio | 1 Ba
215 ft²
Waikiki
$177,000
Pacific Islander #403
Studio | 1 Ba
280 ft²
Waianae
$179,000
Pokai Bay Beach Cabanas #411
Studio | 1 Ba
290 ft²
  • Sold 4/10/23 at $165,000
    (List Price: $165,000)
Description
This is a Leasehold Property, CASH offers only.

Are you looking for a piece of paradise to call your own? Look no further than Unit A-3 in Kona Kai. This stunning 1 bedroom, 1 bath unit was recently remodeled in 2021 and is a very active vacation rental.

The open and modern unit features a comfortable and stylish living area, a fully equipped kitchen with a gas range, and a luxurious bathroom. The bedroom offers a peaceful oasis for you to rest and relax overlooking the pool after a day of adventure.

But what truly sets Unit A-3 apart is its prime location within Kona Kai. You'll enjoy breathtaking views of the pool from your private balcony, and Kona's amenities are just steps away. Imagine waking up each morning to the sound of the gentle pool water and the warm sun shining through your windows.

Kona Kai has a central location, offering a wide range of activities and amenities for its residents. Take a dip in the refreshing pool, or the ocean which is just a block away. Conveniently located close to grocery stores and restaurants.

Investing in Unit A-3 means investing in a piece of paradise that you can enjoy year-round. Whether you're looking for a primary residence, a vacation home, or an investment property, this unit offers endless possibilities.

Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $515 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Lease rent is currently $323 per month, paid to lessor every 6 months.
    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 26, 2025.
    • Address: 74-5618 Palani Rd, Kailua-Kona, HI 96740.
       
    • 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 Leas


      ... Read more
    Other Kona Kai Listings
    Leasehold
    $164,900
    Kona Kai #D5
    1 Bd | 1 Ba
    535 ft²
    Leasehold
    $155,000
    Kona Kai #M1
    2 Bds | 1 Ba
    624 ft²
    Leasehold
    $119,000
    Kona Kai #L8
    1 Bd | 1 Ba
    515 ft²
    Leasehold
    $110,000
    Kona Kai #K4
    1 Bd | 1 Ba
    535 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.