Hawaii Living

Kona Kai #J5 (Kona)

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Photo 1 of 74-5618 Palani Rd #J5, Kona
Photo 2 of 74-5618 Palani Rd #J5, Kona
Photo 3 of 74-5618 Palani Rd #J5, Kona
  • Sold 8/26/25 at $97,000
    (List Price: $105,000)
  • Beds: 1
  • Baths: 1
  • Living: 515 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 2034
  • Lease Rent: $ 323 / month
  • Built: 1969
  • Maint. (HOA) Fees: $704 / month
  • Property Taxes: $20 / month
  • Est. Mortgage: $504 / mo - adjust loan
  • Time Listed for Sale: 41 days
  • Status: Sold
  • Buy without visiting ?
  • All Kona Kai condos for sale »
  • All Kona condos for sale »

74-5618 Palani Rd #J5, Kona

Description
This is a leasehold property.
Kona Kai 1 bedroom/ 1 bathroom with modern kitchen & comfy floor plan on the first floor. Central and near to most downtown Kona attractions. Located right in the heart of Kailua-Kona, this premier location puts you within a short distance to shopping, dining, nightlife, & a nearby bowling alley for a game or two.

For beach and ocean lovers, Kamakahonu Beach and Kailua Bay are just a short distance away, offering tropical waters for all your favorite water activities.

Building J is ideally located on the north edge of the property. The amenities include a swimming pool with shaded seating areas, shaded benches for BBQs or small gatherings, a well kept laundry room, mailboxes, and surrounded by tropical landscaping throughout the complex.
Kona Kai is conforming for short term vacation rentals and is a pet friendly complex.
Past Activity
  • Aug 26, 2025 Sold for $97,000
  • Aug 22, 2025 Off Market
  • Jul 27, 2025 Under Contract
  • Jun 05, 2025 Listed at $110,000
  • Feb 13, 2025 Back to Active
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.37
  • Price / ft²: $188
  • Zoning: CV-10
  • View: Mountain(s)
  • Amenities: Range
  • TMK: 3740100360070
  • Tax Assessed Value: $109,300
  • Courtesy: Pacific Image Properties / 8088954304
  • MLS: 721543
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
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
Leasehold
$119,000
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Leasehold
$155,000
Kona Kai #M1
2 Bds | 1 Ba
624 ft²
Leasehold
$164,900
Kona Kai #D5
1 Bd | 1 Ba
535 ft²
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$115,000
Hotel Molokai #A102
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Lahaina
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Spinnaker #D127
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  • Sold 8/26/25 at $97,000
    (List Price: $105,000)
Description
This is a leasehold property.
Kona Kai 1 bedroom/ 1 bathroom with modern kitchen & comfy floor plan on the first floor. Central and near to most downtown Kona attractions. Located right in the heart of Kailua-Kona, this premier location puts you within a short distance to shopping, dining, nightlife, & a nearby bowling alley for a game or two.

For beach and ocean lovers, Kamakahonu Beach and Kailua Bay are just a short distance away, offering tropical waters for all your favorite water activities.

Building J is ideally located on the north edge of the property. The amenities include a swimming pool with shaded seating areas, shaded benches for BBQs or small gatherings, a well kept laundry room, mailboxes, and surrounded by tropical landscaping throughout the complex.
Kona Kai is conforming for short term vacation rentals and is a pet friendly complex.
    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.
    • Aug 26, 2025 Sold for $97,000
    • Aug 22, 2025 Off Market
    • Jul 27, 2025 Under Contract
    • Jun 05, 2025 Listed at $110,000
    • Feb 13, 2025 Back to Active
    • 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
    $119,000
    Kona Kai #L8
    1 Bd | 1 Ba
    515 ft²
    Leasehold
    $155,000
    Kona Kai #M1
    2 Bds | 1 Ba
    624 ft²
    Leasehold
    $164,900
    Kona Kai #D5
    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.