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Kona Kai #F3 (Kona)

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Photo 1 of 74-5618 Palani Rd #F3, Kona
Photo 2 of 74-5618 Palani Rd #F3, Kona
Photo 3 of 74-5618 Palani Rd #F3, Kona

74-5618 Palani Rd #F3, Kona

Description
Investor HANDYMAN special. Great rental property in downtown Kona. Can be used as a vacation rental or long term rental. 1 bedroom, 1 bath, 480 sq ft - Nice one bedroom one bath condo ground floor end unit with ocean views and assigned parking just steps away from your front door. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and several other shopping centers across the street. Walking distance to the beach, restaurants, downtown shops and fun activities. Enjoy the outdoor swimming pool to cool down on those hot Kona days with a cold drink while enjoying the beautiful Kona sunshine on your lanai. Coin laundry facilities available on site along with postal delivery as well.Conveniently located in downtown Kailua-Kona. Great investment property for long term rentals or for anyone hating their commute to town everyday.Maintenance fees include water, sewer, trash refuse, landscaping and building maintenance. This is LEASEHOLD property (not fee simple)with lease rent due every six months.Maintenance fees include water, sewer, trash refuse, landscaping and building maintenance.Leasehold Details Reneg: 2029 LH Exp. Date: 2034 Fee Avail: No LH Rent: $165 monthlyCurrent Taxes: $451 Terms Accept.: Cash Monthly Maint.: $483.86 CC&R's: YesUtilities/Features Internet Avail: Cable Telephone Avail: Cell Water: Municipal Power: Gas, Overhead TV Avail: Cable Wastewater: Sewer-Connected Pool: In Ground, Outdoor Appliances: Disposal, Refrigerator, Range/Oven Washer/Dryer: Coin Other Features: Community Laundry, Exterior Lighting, Landscaped, Sprinkler System-Lawn, Smoke/Heat Detector
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.01
  • Price / ft²: $63
  • Zoning: CV-10
  • View: Garden, Ocean
  • Security Features: See Remarks, Smoke Detector(s)
  • Amenities: Disposal, Dryer, Microwave, Microwave Hood, Range, Refrigerator, Washer
  • TMK: 3740100360043
  • Tax Assessed Value: $39,500
  • Courtesy: Island Home Realty, Inc. / 8089373604
  • MLS: 290875
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. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 08, 2026.
Other Kona Kai Listings
Leasehold
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
Leasehold
$155,000
Kona Kai #M1
2 Bds | 1 Ba
624 ft²
Other Hawaii Condos
Waikiki
$38,000
Kakaako
  • Sold 3/18/16 at $30,000
    (List Price: $39,000)
Description
Investor HANDYMAN special. Great rental property in downtown Kona. Can be used as a vacation rental or long term rental. 1 bedroom, 1 bath, 480 sq ft - Nice one bedroom one bath condo ground floor end unit with ocean views and assigned parking just steps away from your front door. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and several other shopping centers across the street. Walking distance to the beach, restaurants, downtown shops and fun activities. Enjoy the outdoor swimming pool to cool down on those hot Kona days with a cold drink while enjoying the beautiful Kona sunshine on your lanai. Coin laundry facilities available on site along with postal delivery as well.Conveniently located in downtown Kailua-Kona. Great investment property for long term rentals or for anyone hating their commute to town everyday.Maintenance fees include water, sewer, trash refuse, landscaping and building maintenance. This is LEASEHOLD property (not fee simple)with lease rent due every six months.Maintenance fees include water, sewer, trash refuse, landscaping and building maintenance.Leasehold Details Reneg: 2029 LH Exp. Date: 2034 Fee Avail: No LH Rent: $165 monthlyCurrent Taxes: $451 Terms Accept.: Cash Monthly Maint.: $483.86 CC&R's: YesUtilities/Features Internet Avail: Cable Telephone Avail: Cell Water: Municipal Power: Gas, Overhead TV Avail: Cable Wastewater: Sewer-Connected Pool: In Ground, Outdoor Appliances: Disposal, Refrigerator, Range/Oven Washer/Dryer: Coin Other Features: Community Laundry, Exterior Lighting, Landscaped, Sprinkler System-Lawn, Smoke/Heat Detector
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 08, 2026.
    • 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
    $110,000
    Kona Kai #K4
    1 Bd | 1 Ba
    535 ft²
    Leasehold
    $155,000
    Kona Kai #M1
    2 Bds | 1 Ba
    624 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.
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    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
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