Kona Kai #D5 | 74-5618 Palani Rd #D5

Asking Price: $179,500
Beds: 1
Baths: 1
Living: 535 ft²
Tenure:Leasehold ?
Leasehold Expiry: 2034
Lease Rent: $ 337 / month
Built: 1969
Maint. (HOA) Fees: $706 / month
Property Taxes: $125 / month
Est. Mortgage: 0 $861 / mo - adjust loan
Time Listed for Sale: 11 days
Status Active
Buy without visiting ?
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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: - Coldwell Banker Island Properties - Kona

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.

Recent Activity

Jun 02, 2025 Listed at $179,500
Jul 23, 2024 Sold for $165,000
Jul 23, 2024 Under Contract
Mar 09, 2020 Sold for $95,000
Jul 05, 2017 Sold for $53,500

Recent Sales
(Kona Kai)

#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)

+Show more recently sold

#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)
#C7: 2 Bds | 1 Ba @ $100K (3/16/21)
#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)
#G8: 2 Bds | 1 Ba @ $130K (3/31/20)
#A4: 1 Bd | 1 Ba @ $94K (12/10/19)

More Details

HOA Fees / ft²: $1.32
Price / ft²: $336
Zoning: CV-10
View: City, Garden, HIS Sunset, Ocean Horizon, Other
Amenities: Microwave, Range, Refrigerator
TMK: 3740100360029
Tax Assessed Value: $122,500
Courtesy: Coldwell Banker Island Properties - Kona
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 June 13, 2025.

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Asking Price: $179,500

Description

More Details

Recent Activity

Jun 02, 2025 Listed at $179,500
Jul 23, 2024 Sold for $165,000
Jul 23, 2024 Under Contract
Mar 09, 2020 Sold for $95,000
Jul 05, 2017 Sold for $53,500

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.

Other Kona Kai Listings

Map

Leasehold

$179,500

Kona Kai #M6

1 Bd | 1 Ba
535 ft²

Map

Leasehold

$195,000

Kona Kai #C7

2 Bds | 1 Ba
616 ft²

Map

Leasehold

$135,000

Kona Kai #A4

1 Bd | 1 Ba
480 ft²

Map

Leasehold

$119,500

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, we 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.

Property Taxes	$ 125 / month
Maint Fees	$ 706 / month

Total

Kona Kai #D5 (Kona)

74-5618 Palani Rd #D5, Kona