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Kona Kai #A5 (Kona)

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Photo 1 of 74-5618 Palani Rd #A5, Kona
Photo 2 of 74-5618 Palani Rd #A5, Kona
Photo 3 of 74-5618 Palani Rd #A5, Kona
  • Sold 7/19/23 at $164,000
    (List Price: $168,000)
  • Beds: 1
  • Baths: 1
  • Living: 480 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 2034
  • Lease Rent: $ 323 / month
  • Built: 1969
  • Maint. (HOA) Fees: $515 / month
  • Property Taxes: $22 / month
  • Est. Mortgage: $806 / mo - adjust loan
  • Time Listed for Sale: 30 days
  • Status: Sold
  • Buy without visiting ?
  • All Kona Kai condos for sale »
  • All Kona condos for sale »

74-5618 Palani Rd #A5, Kona

Description
This is a leasehold property. CASH offers only.

Welcome to this beautifully renovated leasehold condo in Kona Kai! This one-bedroom, one-bathroom unit has been completely updated with new fixtures, cabinets, appliances, lights, and stunning stone countertops.

Enjoy breathtaking views from the lanai that overlooks the pool and boasts a small ocean view, making it the perfect place to relax and unwind.

This complex allows for short-term vacation rentals, making it an ideal investment opportunity. Laundry facilities are available on-site for your convenience, and the HOA fees cover gas for the stove, further adding to the value of this property.

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 the lessor every 6 months.

Located in the heart of Kona, this condo offers convenience and affordability. Don't miss out on the opportunity to own a piece of paradise in one of Hawaii's most desirable locations.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.07
  • Price / ft²: $342
  • Zoning: CV-10
  • View: Garden, Ocean
  • Security Features: None
  • Amenities: Dishwasher, Disposal, Dryer, Gas Cooktop, Oven, Refrigerator, Washer
  • TMK: 3740100360005
  • Tax Assessed Value: $114,500
  • Courtesy: Kona Pacific Realty / 8087566872
  • MLS: 702356
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 21, 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
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Waiakea Villas #8283
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Orchid Manor Hilo #330
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  • Sold 7/19/23 at $164,000
    (List Price: $168,000)
Description
This is a leasehold property. CASH offers only.

Welcome to this beautifully renovated leasehold condo in Kona Kai! This one-bedroom, one-bathroom unit has been completely updated with new fixtures, cabinets, appliances, lights, and stunning stone countertops.

Enjoy breathtaking views from the lanai that overlooks the pool and boasts a small ocean view, making it the perfect place to relax and unwind.

This complex allows for short-term vacation rentals, making it an ideal investment opportunity. Laundry facilities are available on-site for your convenience, and the HOA fees cover gas for the stove, further adding to the value of this property.

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 the lessor every 6 months.

Located in the heart of Kona, this condo offers convenience and affordability. Don't miss out on the opportunity to own a piece of paradise in one of Hawaii's most desirable locations.
    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 21, 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.