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Kona Kai #D5 (Kona)

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Photo 1 of 74-5618 Palani Rd #D5, Kona
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74-5618 Palani Rd #D5, Kona

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Felicia Frazer-Harms
Coldwell Banker Island Properties - Kona
Phone: (808) 936-2270

Description
This is a leasehold property. Many units in this complex are successful vacation rentals. This unit can be sold fully furnished and turnkey if new owner would like to start a vacation rental immediately or make it your own residence, pets allowed at this complex. This unit is ready to go! Its walking distance to the beach, town, shopping, dining, grocery stores, post office, banks, and everything that beautiful downtown Kailua-Kona has to offer!Due to this being a leasehold property, this sale must be cash or a 1031 exchange. Seller now offering Seller financing with 1/2 down!
Recent Activity
Recent Sales
(Kona Kai)
  • #C7: 2 Bds | 1 Ba @ $185K (10/24/25)
  • #J5: 1 Bd | 1 Ba @ $97K (8/26/25)
  • #A4: 1 Bd | 1 Ba @ $125K (6/30/25)
  • #J2: 2 Bds | 1 Ba @ $160K (5/23/25)
  • #C6: 1 Bd | 1 Ba @ $92K (5/14/25)
  • #B7: 2 Bds | 1 Ba @ $115K (3/12/25)
  • #D8: 1 Bd | 1 Ba @ $120K (2/26/25)
  • #K7: 1 Bd | 1 Ba @ $142K (1/15/25)
  • #I2: 1 Bd | 1 Ba @ $140K (12/20/24)
  • #G2: 2 Bds | 1 Ba @ $100K (8/28/24)
  • #D5: 1 Bd | 1 Ba @ $165K (7/23/24)
  • #F8: 3 Bds | 2 Ba @ $221K (1/30/24)
  • #J4: 1 Bd | 1 Ba @ $150K (1/5/24)
  • #C8: 2 Bds | 1 Ba @ $150K (10/31/23)
  • #L1: 1 Bd | 1 Ba @ $130K (8/23/23)
  • #A5: 1 Bd | 1 Ba @ $164K (7/19/23)
  • #K4: 1 Bd | 1 Ba @ $100K (6/8/23)
  • #M7: 2 Bds | 1 Ba @ $175K (5/30/23)
  • #D2: 2 Bds | 1 Ba @ $135K (5/24/23)
  • #B8: 2 Bds | 1 Ba @ $169K (4/27/23)
  • #A3: 1 Bd | 1 Ba @ $165K (4/10/23)
  • #J3: 1 Bd | 1 Ba @ $140K (3/24/23)
  • #A1: 2 Bds | 1 Ba @ $216K (3/17/23)
  • #I1: 1 Bd | 1 Ba @ $116K (3/7/23)
  • #M8: 2 Bds | 1 Ba @ $177K (1/19/23)
  • #C5: 1 Bd | 1 Ba @ $115K (12/23/22)
  • #K5: 1 Bd | 1 Ba @ $140K (12/5/22)
  • #M6: 1 Bd | 1 Ba @ $125K (7/7/22)
  • #B6: 1 Bd | 1 Ba @ $162K (6/30/22)
  • #G5: 1 Bd | 1 Ba @ $115K (2/22/22)
  • #C2: 2 Bds | 1 Ba @ $183K (12/9/21)
  • #E2: 2 Bds | 1 Ba @ $208K (11/29/21)
  • #F3: 1 Bd | 1 Ba @ $120K (10/29/21)
  • #I4: 1 Bd | 1 Ba @ $120K (10/21/21)
  • #F7: 2 Bds | 1 Ba @ $239K (10/11/21)
  • #I8: 1 Bd | 1 Ba @ $110K (9/17/21)
  • #A7: 2 Bds | 1 Ba @ $167K (9/14/21)
  • #J6: 1 Bd | 1 Ba @ $82K (9/10/21)
  • #K1: 1 Bd | 1 Ba @ $90K (8/6/21)
  • #B2: 2 Bds | 1 Ba @ $150K (5/27/21)
  • #K3: 1 Bd | 1 Ba @ $89K (5/7/21)
  • #D6: 1 Bd | 1 Ba @ $55K (4/30/21)
  • #I5: 1 Bd | 1 Ba @ $72K (3/30/21)
  • #K2: 1 Bd | 1 Ba @ $88K (3/3/21)
  • #L5: 1 Bd | 1 Ba @ $78K (3/1/21)
  • #I6: 1 Bd | 1 Ba @ $95K (1/14/21)
  • #C3: 1 Bd | 1 Ba @ $75K (12/21/20)
  • #C1: 2 Bds | 1 Ba @ $130K (9/28/20)
  • #G6: 1 Bd | 1 Ba @ $75K (7/2/20)
  • #G4: 1 Bd | 1 Ba @ $79K (5/19/20)
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.32
  • Price / ft²: $308
  • Zoning: CV-10
  • View: City, Garden, Ocean Horizon, Other, Sunset
  • Amenities: Microwave, Range, Refrigerator
  • TMK: 3740100360029
  • Tax Assessed Value: $122,500
  • Courtesy: Coldwell Banker Island Properties - Kona / 8089362270
  • MLS: 721367
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 31, 2025.
Other Kona Kai Listings
Leasehold
$155,000
Save
Kona Kai #M1
2 Bds | 1 Ba
624 ft²
Leasehold
$119,000
Save
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Leasehold
$110,000
Save
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
All Kona Kai condos for sale »
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Waiakea Villas #8283
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Pacific International #303
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Pokai Bay Beach Cabanas #411
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  • Asking Price: $164,900
Description
This is a leasehold property. Many units in this complex are successful vacation rentals. This unit can be sold fully furnished and turnkey if new owner would like to start a vacation rental immediately or make it your own residence, pets allowed at this complex. This unit is ready to go! Its walking distance to the beach, town, shopping, dining, grocery stores, post office, banks, and everything that beautiful downtown Kailua-Kona has to offer!Due to this being a leasehold property, this sale must be cash or a 1031 exchange. Seller now offering Seller financing with 1/2 down!
    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 31, 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
    $155,000
    Save
    Kona Kai #M1
    2 Bds | 1 Ba
    624 ft²
    Leasehold
    $119,000
    Save
    Kona Kai #L8
    1 Bd | 1 Ba
    515 ft²
    Leasehold
    $110,000
    Save
    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.