Hawaii Living

Kona Kai #M7 (Kona)

1 / 23
Photo 1 of 74-5618 Palani Rd #M7, Kona
Photo 2 of 74-5618 Palani Rd #M7, Kona
Photo 3 of 74-5618 Palani Rd #M7, Kona
  • Sold 5/30/23 at $175,000
    (List Price: $179,000)
  • Beds: 2
  • Baths: 1
  • Living: 624 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 2034
  • Lease Rent: $ 2232 / month
  • Built: 1969
  • Maint. (HOA) Fees: $613 / month
  • Property Taxes: $113 / month
  • Est. Mortgage: $859 / mo - adjust loan
  • Time Listed for Sale: 231 days
  • Status: Sold
  • Buy without visiting ?
  • All Kona Kai condos for sale »
  • All Kona condos for sale »

74-5618 Palani Rd #M7, Kona

Description
This is a leasehold property. This cozy condo was recently updated in 2018. At that time the condo welcomed new kitchen cabinets, kitchen sink, faucet, granite counter tops, new stove, new refrigerator, new tiled walk in shower, as well as fresh paint and new flooring throughout. More recent updates (8-22) include a new vanity/ sink and faucet in bathroom as well as a new mirror and barn door cabinet over toilet. Condo is fresh and clean and ready for you. Kona Kai Condominium Project is located right in the heart of Kailua Kona. You can walk to the pier, local restaurants, beaches, grocery shopping, banking and more. Perfect location for your new or second home.

Enjoy your morning coffee or evening pau hana on your screened in lanai, before or after a wonderful day exploring all Kona has to offer. Kona Kai Condominiums are approved for Short Term Vacation Rental, however, this condo has never been used as such. Buyer will need to apply for and acquire Short Term Vacation Rental Permit if desired. Current tenant is on a lease thru October 31, 2022 and is paying $1,925.00 per month rent plus utilities.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.98
  • Price / ft²: $280
  • Zoning: CV-10
  • Security Features: None
  • Amenities: Dryer, Range, Refrigerator, Washer
  • TMK: 3740100360094
  • Tax Assessed Value: $110,600
  • Courtesy: Hawaii Coast Realty, LLC / 8083459202
  • MLS: 664048
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 31, 2025.
Other Kona Kai Listings
Leasehold
$164,900
Kona Kai #D5
1 Bd | 1 Ba
535 ft²
Leasehold
$155,000
Kona Kai #M1
2 Bds | 1 Ba
624 ft²
Leasehold
$119,000
Kona Kai #L8
1 Bd | 1 Ba
515 ft²
Leasehold
$110,000
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
Other Big Island Condos
Hilo
$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
Hilo
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Hilo
$209,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
Hilo
$225,000
Kalani Condominiums #206
2 Bds | 1 Ba
720 ft²
Hilo
$225,000
Orchid Manor Hilo #330
Studio | 1 Ba
496 ft²
Hilo
$237,000
Lagoon View Apartments #A3
1 Bd | 1 Ba
448 ft²
  • Sold 5/30/23 at $175,000
    (List Price: $179,000)
Description
This is a leasehold property. This cozy condo was recently updated in 2018. At that time the condo welcomed new kitchen cabinets, kitchen sink, faucet, granite counter tops, new stove, new refrigerator, new tiled walk in shower, as well as fresh paint and new flooring throughout. More recent updates (8-22) include a new vanity/ sink and faucet in bathroom as well as a new mirror and barn door cabinet over toilet. Condo is fresh and clean and ready for you. Kona Kai Condominium Project is located right in the heart of Kailua Kona. You can walk to the pier, local restaurants, beaches, grocery shopping, banking and more. Perfect location for your new or second home.

Enjoy your morning coffee or evening pau hana on your screened in lanai, before or after a wonderful day exploring all Kona has to offer. Kona Kai Condominiums are approved for Short Term Vacation Rental, however, this condo has never been used as such. Buyer will need to apply for and acquire Short Term Vacation Rental Permit if desired. Current tenant is on a lease thru October 31, 2022 and is paying $1,925.00 per month rent plus utilities.
    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 31, 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
    $164,900
    Kona Kai #D5
    1 Bd | 1 Ba
    535 ft²
    Leasehold
    $155,000
    Kona Kai #M1
    2 Bds | 1 Ba
    624 ft²
    Leasehold
    $119,000
    Kona Kai #L8
    1 Bd | 1 Ba
    515 ft²
    Leasehold
    $110,000
    Kona Kai #K4
    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.