Hawaii Living

Kona Kai #M6 (Kona)

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Photo 1 of 74-5618 Palani Rd #M6, Kona
Photo 2 of 74-5618 Palani Rd #M6, Kona
Photo 3 of 74-5618 Palani Rd #M6, Kona

74-5618 Palani Rd #M6, Kona

Description
This is a leasehold property. Located top floor towards the far corner of property. Great location within walking distance to the ocean and Kona events, shopping, dining and activities. Perfect for a primary residence or investment property.

Zoned for vacation rental, no STVR license on this unit. Short term rentals, long term rentals and pets are allowed at Kona Kai.

The leasehold payments are shown monthly at $308 and are paid every 6 months. The $508 AOAO dues are paid monthly to Associa the management company. Fees include pool and common area maintenance, exterior maintenance, landscaping, common area insurance, rubbish removal, gas for cooking and hot water, water eaters, and quarterly pest control.

Offers must be Cash due tot he leasehold status.
Past Activity
  • Aug 13, 2025 Off Market
  • Aug 11, 2024 Listed at $179,500
  • Jul 07, 2022 Sold for $125,000
  • May 23, 2022 Under Contract
  • Mar 15, 2017 Sold for $42,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.95
  • Price / ft²: $234
  • Zoning: CV-10
  • Amenities: Range, Refrigerator
  • TMK: 3740100360093
  • Tax Assessed Value: $78,900
  • Courtesy: Red Time Realty LLC / 8085571072
  • MLS: 661494
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 28, 2025.
Other Kona Kai Listings
Leasehold
$119,000
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Leasehold
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 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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Makaha Valley Towers #H629
Studio | 1 Ba
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  • Sold 7/7/22 at $125,000
    (List Price: $130,000)
Description
This is a leasehold property. Located top floor towards the far corner of property. Great location within walking distance to the ocean and Kona events, shopping, dining and activities. Perfect for a primary residence or investment property.

Zoned for vacation rental, no STVR license on this unit. Short term rentals, long term rentals and pets are allowed at Kona Kai.

The leasehold payments are shown monthly at $308 and are paid every 6 months. The $508 AOAO dues are paid monthly to Associa the management company. Fees include pool and common area maintenance, exterior maintenance, landscaping, common area insurance, rubbish removal, gas for cooking and hot water, water eaters, and quarterly pest control.

Offers must be Cash due tot he leasehold status.
    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 28, 2025.
    • 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
    $119,000
    Kona Kai #L8
    1 Bd | 1 Ba
    515 ft²
    Leasehold
    $110,000
    Kona Kai #K4
    1 Bd | 1 Ba
    535 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.
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