Hawaii Living

Kona Kai #K4 (Kona)

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Photo 1 of 74-5618 Palani Rd #K4, Kona
Photo 2 of 74-5618 Palani Rd #K4, Kona
Photo 3 of 74-5618 Palani Rd #K4, Kona

74-5618 Palani Rd #K4, Kona

Description
Now vacant and easy to show! This is a leasehold property. Freshly painted! Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom upstairs unit in the center of Kona Kai, with a mountain view from enclosed lanai that opens to living room. Fabulous value for a one bedroom unit sold unfurnished. Zoning allows for short term vacation rental; new owner can choose to apply for STVR. Pets allowed subject to approval of homeowners association. Current lease rent is $323 per month paid to lessor every 6 months, and will be renegotiated in Dec 2029, with lease ending at the end 2034. Current maintenance fees are $508 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, propane gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Kona Kai has a nice pool and Bbq area with picnic tables and a coin operated laundry. Location, location, location! Offers are CASH ONLY; no financing available. Great value for a place right in town.
Past Activity
  • Aug 07, 2025 Listed at $110,000
  • Jul 10, 2025 Off Market
  • Apr 30, 2025 Price $119,500
  • Jun 08, 2023 Sold for $100,000
  • May 10, 2023 Under Contract
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.95
  • Price / ft²: $187
  • Zoning: CV-10
  • Amenities: Range, Refrigerator
  • TMK: 3740100360075
  • Tax Assessed Value: $95,600
  • Courtesy: Paradise Found Realty / 8089371320
  • MLS: 666736
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 23, 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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Kakaako
$90,000
Anaha #2.S09
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62 ft²
Kaunakakai
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Hotel Molokai #A102
Studio | 1 Ba
297 ft²
Kakaako
$85,350
Aeo #S5-16
Studio
51 ft²
Metro Honolulu
Lahaina
$123,500
Spinnaker #D127
2 Bds | 1 Ba
700 ft²
Kakaako
  • Sold 6/8/23 at $100,000
    (List Price: $101,000)
Description
Now vacant and easy to show! This is a leasehold property. Freshly painted! Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom upstairs unit in the center of Kona Kai, with a mountain view from enclosed lanai that opens to living room. Fabulous value for a one bedroom unit sold unfurnished. Zoning allows for short term vacation rental; new owner can choose to apply for STVR. Pets allowed subject to approval of homeowners association. Current lease rent is $323 per month paid to lessor every 6 months, and will be renegotiated in Dec 2029, with lease ending at the end 2034. Current maintenance fees are $508 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, propane gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Kona Kai has a nice pool and Bbq area with picnic tables and a coin operated laundry. Location, location, location! Offers are CASH ONLY; no financing available. Great value for a place right in town.
    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 23, 2025.
    • Aug 07, 2025 Listed at $110,000
    • Jul 10, 2025 Off Market
    • Apr 30, 2025 Price $119,500
    • Jun 08, 2023 Sold for $100,000
    • May 10, 2023 Under Contract
    • 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.
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    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.
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    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.
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