$115,000
 $617 est/mo Sourced by Back At You

74-5618 Palani Rd L2,Kailua Kona, HI 96740

Kailua Kona, HI 96740

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Description

This is a leasehold property. A rare chance to own near the Kailua-Kona pier. This freshly updated one-bedroom leasehold condo at Kona Kai sits close to Alii Drive, downtown restaurants, and KTA Super Store, at a fraction of the cost of nearby fee-simple condos. Second-floor unit in one of Kailua-Kona's most central locations, just 0.3 miles from the pier and Alii Drive, so swimming, shopping, and strolling are right outside your door. This unit has an open lanai (although owners can screen in lanais) and an ultra prime parking spot right outside the door. Recently updated with new laminate flooring, fresh paint throughout, new bathroom vanity and shower surround, and new kitchen appliances including a gas range which is a rare treat when it comes to condo living. Land lease through 2034, this is a cash-only purchase, not financeable. CV-10 zoning and HOA rules both allow short-term vacation rental use (STVR/TAR permit not yet obtained, to be secured separately by buyer), offering ultimate flexibly to cover carrying costs when not in use. Whether you're looking for a home base or a place to get away, this condo puts your Kona dream within reach. Kona Kai amenities: large community pool with expansive pool deck, BBQ area, on-site coin laundry, outdoor shower for rinsing off.

Details

MLS #732315
Listing TypeFor Sale
StyleCondominium
HOA Dues$625
Sub-TypeResale
StatusActive
Year1969
Days On Site22
Listing Provided ByKnutson & Associates | Jessica Green

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet515
ZoningCV-10

Taxes

Property1181

Area Information

StateHI
CityKailua Kona
Zip Code96740
AreaBig Island
Community NameKONA INDUSTRIAL SUBDIVISION
Listing VS Median (in KONA INDUSTRIAL SUBDIVISION)
Price:
$115,000
low | high
Med:
$120,000
45.652173913043% of Average
sqft:
515
low | high
Med:
525
48.058252427184% of Average
$ / sqft:
$223
low | high
Med:
$228
47.683868346201% of Average
On site:
22
low | high
Med:
46.5
47.311827956989% of Average
Sourced by Back At You

Market Activity 96740

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Learn More About This Property

StateHI
CityKailua Kona
Zip Code96740
AreaBig Island
Community NameKONA INDUSTRIAL SUBDIVISION
Listing VS Median (in KONA INDUSTRIAL SUBDIVISION)
Price:
$115,000
low | high
Med:
$120,000
45.652173913043% of Average
sqft:
515
low | high
Med:
525
48.058252427184% of Average
$ / sqft:
$223
low | high
Med:
$228
47.683868346201% of Average
On site:
22
low | high
Med:
46.5
47.311827956989% of Average
Sourced by Back At You
Listing Updated: August 2, 2026 at 10:20:02 AM PDT