Hawaii Living

Kona Reef #B21 (Kona)

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Photo 1 of 75-5888 Alii Dr #B21, Kona
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75-5888 Alii Dr #B21, Kona

Description
OCEAN VIEW CONDO - RIGHT ON ALII DRIVE IN DOWNTOWN KONA

Motivated seller reflected in the great price for this unit.

*Nicely remodeled 1 bed 1 bath condo recently refurnished, repainted, and has double pane windows!
*Arguably the best value for an ocean front complex in concrete building, with elevators & covered underground parking.
*A very good rental history makes for an easy transition for investors who would like to continue to vacation rent this unit.
*Unit overlooks the beach and this fee simple unit is a charmer. Easy walk, run, stroll or drive in either direction to the beach or to Kona.
*Extras include an Ocean front pool, spa & BBQ area to enjoy your part of paradise.
*Walk to restaurants & shops, beaches.
*It is turnkey with everything included.

The Kona Reef is a high volume vacation rental complex. A buyer may continue with onsite management or may use other rental options.
Past Activity
  • Jun 27, 2018 Sold for $315,000
  • May 20, 2018 Under Contract
  • Nov 01, 2017 Listed at $340,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.70
  • Price / ft²: $500
  • Zoning: V-.75
  • View: Ocean
  • Security Features: Security Patrol
  • Amenities: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer/Dryer Stacked
  • TMK: 3750180710043
  • Tax Assessed Value: $260,200
  • Courtesy: Venture Sotheby's International Realty / 8089372956
  • MLS: 612211
About Kona Reef
  • Address: 75-5888 Ali‘i Dr, Kailua-Kona, HI 96740.
     
  • Built: 1980, 129 1 - 3BR Units in 1 5-Story & 5 4-Story Buildings.
     
  • Amenities: Pool, Hot Tub, Gazebo, Party Pavilion, BBQs.
     
  • Short-term Vacation Renting: Allowed.
     
  • Developer: Regent Land Corp.

The Kona Reef Resort is an oceanfront community that sits next to Honl’s Beach on its south side.

The one to three bedroom condos have interiors that measure from 611 to 1,616 Sq Ft with one lanai on the outside. The vast majority of the properties are one bedroom, mak


  ... 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 01, 2026.
Other Kona Reef Listings
$555,000
Kona Reef #C2
1 Bd
630 ft²
$574,000
Kona Reef #B2
1 Bd | 1 Ba
630 ft²
$675,000
Kona Reef #E23
1 Bd | 1 Ba
630 ft²
$819,000
Kona Reef #C33
1 Bd | 1 Ba
630 ft²
Other Kona Condos
$359,000
Kona Plaza #220
1 Bd | 1 Ba
623 ft²
$365,000
Kona Mansions V #118
1 Bd | 1 Ba
571 ft²
$369,000
Kailua Village #207
1 Bd | 1 Ba
639 ft²
$379,500
Kona Bali Kai #264
Studio | 1 Ba
417 ft²
$384,000
Kona Shores #225
Studio | 1 Ba
483 ft²
$399,000
Kalanikai #S202
Studio | 1 Ba
313 ft²
  • Sold 6/27/18 at $315,000
    (List Price: $329,000)
Description
OCEAN VIEW CONDO - RIGHT ON ALII DRIVE IN DOWNTOWN KONA

Motivated seller reflected in the great price for this unit.

*Nicely remodeled 1 bed 1 bath condo recently refurnished, repainted, and has double pane windows!
*Arguably the best value for an ocean front complex in concrete building, with elevators & covered underground parking.
*A very good rental history makes for an easy transition for investors who would like to continue to vacation rent this unit.
*Unit overlooks the beach and this fee simple unit is a charmer. Easy walk, run, stroll or drive in either direction to the beach or to Kona.
*Extras include an Ocean front pool, spa & BBQ area to enjoy your part of paradise.
*Walk to restaurants & shops, beaches.
*It is turnkey with everything included.

The Kona Reef is a high volume vacation rental complex. A buyer may continue with onsite management or may use other rental options.
    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 01, 2026.
    • Jun 27, 2018 Sold for $315,000
    • May 20, 2018 Under Contract
    • Nov 01, 2017 Listed at $340,000
    • Address: 75-5888 Ali‘i Dr, Kailua-Kona, HI 96740.
       
    • Built: 1980, 129 1 - 3BR Units in 1 5-Story & 5 4-Story Buildings.
       
    • Amenities: Pool, Hot Tub, Gazebo, Party Pavilion, BBQs.
       
    • Short-term Vacation Renting: Allowed.
       
    • Developer: Regent Land Corp.

    The Kona Reef Resort is an oceanfront community that sits next to Honl’s Beach on its south side.

    The one to three bedroom condos have interiors that measure from 611 to 1,616 Sq Ft with one lanai on the outside. The vast majority of the properties are one bedroom, mak


      ... Read more
    Other Kona Reef Listings
    $555,000
    Kona Reef #C2
    1 Bd
    630 ft²
    $574,000
    Kona Reef #B2
    1 Bd | 1 Ba
    630 ft²
    $675,000
    Kona Reef #E23
    1 Bd | 1 Ba
    630 ft²
    $819,000
    Kona Reef #C33
    1 Bd | 1 Ba
    630 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.
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