Hawaii Living

Kona Reef #F23 (Kona)

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Photo 1 of 75-5888 Alii Drive #F23, Kona
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75-5888 Alii Drive #F23, Kona

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Description
Don’t miss this rare opportunity to own an established income-producing unit at Kona Reef, the best oceanfront condo complex in Kona. Its prime location is a major attraction for vacation renters looking for luxury and value. This updated penthouse features top-of-the line stainless appliances, contemporary designer furnishings & curated vintage pieces to create the perfect island vacation experience. With true elevator access (no stairs!) F building is highly sought after for its ease of accessibility. Mini-split air-conditioning with separate controls for both living area and bedroom plus double paned windows and sliding door upgrades guarantee quiet and cool enjoyment. A stacked in-unit washer and dryer add to all the comforts of home. The spacious private lanai features captivating views of dolphins, whales, surfers, and Kailua Bay’s spectacular sunsets.


Kona Reef is located in the heart of the resort district just a short walk to exquisite dining choices, nighttime entertainment, farmer’s markets, boutique shopping, and captivating seasonal events. Easy access to charming, tree-shaded Honl’s beach is right next door. A wide-range of amenities and services enhance the guest experience: heated resort-style pool w/ in-ground jacuzzi, new loungers, covered outdoor dining area with stainless steel BBQ's, and well-maintained lush grounds including an expansive grassy area overlooking the ocean. A wide range of outdoor activities await, including snorkeling, surfing, hiking, scuba-diving, and relaxing at The Big Island’s famous world-class beaches.


Hawaii continues to be a popular vacation destination drawing millions of visitors a year and owners of updated units in prime locations such as F-23 command premium, year round rental rates. High-speed wi-fi and complimentary parking for guests add to the value of this very special unit. This is truly an exceptional, not-to-be-missed investment opportunity for a ready-to-rent turnkey unit.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.45
  • Price / ft²: $1,175
  • Zoning: V-.75
  • View: Coastline, Ocean, Ocean Horizon
  • Security Features: Security Guard, Security System
  • Amenities: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer/Dryer Stacked
  • TMK: 3750180710127
  • Tax Assessed Value: $646,700
  • Courtesy: COMPASS / 8089389533
  • MLS: 711880
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. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on December 25, 2025.
Other Kona Reef Listings
$819,000
Kona Reef #C33
1 Bd | 1 Ba
630 ft²
$675,000
Kona Reef #E23
1 Bd | 1 Ba
630 ft²
$574,000
Kona Reef #B2
1 Bd | 1 Ba
630 ft²
$555,000
Kona Reef #C2
1 Bd
630 ft²
Other Kona Condos
$750,000
Keauhou Gardens #11102
1 Bd | 1 Ba
1,101 ft²
$750,000
Keauhou Punahele #A204
2 Bds | 2 Ba
1,242 ft²
$749,000
Kona Sea Villas #B23
2 Bds | 2 Ba
1,182 ft²
$749,000
Kona Magic Sands #204
Studio | 1 Ba
400 ft²
$799,000
White Sands Village #202
2 Bds | 1 Ba
920 ft²
$725,000
Keauhou Resort #25
2 Bds | 2 Ba
1,089 ft²
  • Sold 11/4/24 at $765,000
    (List Price: $764,000)
Description
Don’t miss this rare opportunity to own an established income-producing unit at Kona Reef, the best oceanfront condo complex in Kona. Its prime location is a major attraction for vacation renters looking for luxury and value. This updated penthouse features top-of-the line stainless appliances, contemporary designer furnishings & curated vintage pieces to create the perfect island vacation experience. With true elevator access (no stairs!) F building is highly sought after for its ease of accessibility. Mini-split air-conditioning with separate controls for both living area and bedroom plus double paned windows and sliding door upgrades guarantee quiet and cool enjoyment. A stacked in-unit washer and dryer add to all the comforts of home. The spacious private lanai features captivating views of dolphins, whales, surfers, and Kailua Bay’s spectacular sunsets.


Kona Reef is located in the heart of the resort district just a short walk to exquisite dining choices, nighttime entertainment, farmer’s markets, boutique shopping, and captivating seasonal events. Easy access to charming, tree-shaded Honl’s beach is right next door. A wide-range of amenities and services enhance the guest experience: heated resort-style pool w/ in-ground jacuzzi, new loungers, covered outdoor dining area with stainless steel BBQ's, and well-maintained lush grounds including an expansive grassy area overlooking the ocean. A wide range of outdoor activities await, including snorkeling, surfing, hiking, scuba-diving, and relaxing at The Big Island’s famous world-class beaches.


Hawaii continues to be a popular vacation destination drawing millions of visitors a year and owners of updated units in prime locations such as F-23 command premium, year round rental rates. High-speed wi-fi and complimentary parking for guests add to the value of this very special unit. This is truly an exceptional, not-to-be-missed investment opportunity for a ready-to-rent turnkey unit.
    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 25, 2025.
    • 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
    $819,000
    Kona Reef #C33
    1 Bd | 1 Ba
    630 ft²
    $675,000
    Kona Reef #E23
    1 Bd | 1 Ba
    630 ft²
    $574,000
    Kona Reef #B2
    1 Bd | 1 Ba
    630 ft²
    $555,000
    Kona Reef #C2
    1 Bd
    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.
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