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Kona Kai #M1 (Kona)

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Photo 1 of 74-5618 Palani Rd #M1, Kona
Photo 2 of 74-5618 Palani Rd #M1, Kona
Photo 3 of 74-5618 Palani Rd #M1, Kona

74-5618 Palani Rd #M1, Kona

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Lovette Llantos
Coldwell Banker Island Properties - Kona
Phone: (808) 938-3910

Description
This is a leasehold property. CASH and 1031 transactions only.Step into the heart of Kailua Kona with this rarely available ground floor end unit 2-bedroom, 1-bath condo at Kona Kai—where convenience, comfort, and island lifestyle come together. Just minutes from the ocean, popular restaurants, cozy coffee shops, grocery stores, and everyday essentials, this 624 sq. ft. unit puts you right where you want to be.Thoughtfully updated, the home features: * tile & luxury vinyl plank wood like flooring throughout * wall and window A/C units in bedrooms and living room * sleek and stylish tile kitchen backsplash * granite countertops * updated kitchen cabinets * gas stove * a refreshed bathroom vanity with solid stone sink * tiled shower with updated light fixtures * crown molding * updated stainless steel refrigerator * your own portable washing machine—making daily living effortless * enclosed screened lanai overlooking a tropical serene park like view * updated front door * updated security screenKona Kai allows short term vacation rentals and is all about easy island living with great amenities, including a sparkling swimming pool, barbecue area, and assigned parking. HOA fees cover building and grounds maintenance, insurance, water, sewer, trash, quarterly pest control and gas—an ideal low-maintenance lifestyle in one of Kona’s most convenient locations. Unit includes one assigned parking space. Complex is also pet friendly.A fantastic opportunity to enjoy vibrant Kona living with nearly everything at your fingertips."You're Gonna Love It..."
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: $1.21
  • Price / ft²: $248
  • Zoning: CV-10
  • Amenities: Range, Refrigerator, Washer
  • TMK: 3740100360088
  • Tax Assessed Value: $144,000
  • Courtesy: Coldwell Banker Island Properties - Kona / 8089383910
  • MLS: 726156
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 January 15, 2026.
Other Kona Kai Listings
Leasehold
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
Leasehold
$108,900
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Other Hawaii Condos
Hilo
$172,000
Puueo Villa #16
2 Bds | 1 Ba
660 ft²
Hilo
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Hilo
$205,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
Waikiki
$158,000
Pacific International #303
Studio | 1 Ba
215 ft²
Waianae
$139,000
Makaha Surfside #C337
Studio | 1 Ba
361 ft²
Punchbowl
$175,000
Ward Kinau #902
Studio | 1 Ba
290 ft²
  • Asking Price: $155,000
Description
This is a leasehold property. CASH and 1031 transactions only.Step into the heart of Kailua Kona with this rarely available ground floor end unit 2-bedroom, 1-bath condo at Kona Kai—where convenience, comfort, and island lifestyle come together. Just minutes from the ocean, popular restaurants, cozy coffee shops, grocery stores, and everyday essentials, this 624 sq. ft. unit puts you right where you want to be.Thoughtfully updated, the home features: * tile & luxury vinyl plank wood like flooring throughout * wall and window A/C units in bedrooms and living room * sleek and stylish tile kitchen backsplash * granite countertops * updated kitchen cabinets * gas stove * a refreshed bathroom vanity with solid stone sink * tiled shower with updated light fixtures * crown molding * updated stainless steel refrigerator * your own portable washing machine—making daily living effortless * enclosed screened lanai overlooking a tropical serene park like view * updated front door * updated security screenKona Kai allows short term vacation rentals and is all about easy island living with great amenities, including a sparkling swimming pool, barbecue area, and assigned parking. HOA fees cover building and grounds maintenance, insurance, water, sewer, trash, quarterly pest control and gas—an ideal low-maintenance lifestyle in one of Kona’s most convenient locations. Unit includes one assigned parking space. Complex is also pet friendly.A fantastic opportunity to enjoy vibrant Kona living with nearly everything at your fingertips."You're Gonna Love It..."
    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 January 15, 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
    $108,900
    Kona Kai #L8
    1 Bd | 1 Ba
    515 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.