$549,000
 $2,947 est/mo Sourced by Back At You

75-5855 Walua Rd 12,Kailua Kona, HI 96740

Kailua Kona, HI 96740

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Description

Tucked away in the quiet back corner of the desirable Malia Kai complex, this Kona condo offers a great mix of privacy, modern upgrades, and vacation rental potential with an active STVR permit already in place. With no neighbors above or below and only one shared wall, the unit has a peaceful feel that’s hard to find this close to town. Recent updates throughout the condo include: FlooringPaintArtworkCeiling fansLighting fixturesSwitchesBaseboards and trimUpdated kitchen cabinetryQuartz countersPremium appliancesNew bathroom vanitiesShower tileToilets and fixtures High vaulted ceilings on the top floor create an open and airy island feel throughout the space. The current layout is configured as a one bedroom, but it can easily be converted back to the original two bedroom design, offering flexibility for either full-time living or vacation rental use. Two private lanais add to the indoor-outdoor feel of the space and provide plenty of room to relax outside. The condo is fully equipped with a washer and dryer located off the private carport, along with ample storage space. The active Short-Term Vacation Rental permit creates immediate rental opportunities for either personal use or investment potential. Malia Kai is a gated boutique complex with only 20 units, featuring a swimming pool, BBQ area with grills, and lush tropical landscaping. Located in the heart of Kailua-Kona, this condo offers the convenience of being close to town while still feeling tucked away and private. Ocean access nearby and much of town within walking distance make it easy to enjoy the Kona lifestyle full time or as a vacation rental.

Details

MLS #728726
Listing TypeFor Sale
StyleCondominium
HOA Dues$900
Sub-TypeResale
StatusActive
Year1972
Days On Site71
Listing Provided ByCOMPASS | Zoey Malika Kemp-Haxby

Features

Bed(s)1
Bath(s) 2 Total
SQ Feet800
PoolYes
ZoningRM-1

Taxes

Property5365

Area Information

StateHI
CityKailua Kona
Zip Code96740
AreaBig Island
Community NameHIENALOLI 6TH PUAA 2ND
Listing VS Median (in HIENALOLI 6TH PUAA 2ND)
Price:
$549,000
low | high
Med:
$549,000
50% of Average
sqft:
800
low | high
Med:
829
46.375% of Average
$ / sqft:
$686
low | high
Med:
$662
53.498190591074% of Average
On site:
71
low | high
Med:
116
61.206896551724% of Average
Sourced by Back At You

Market Activity 96740

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Learn More About This Property

Mateo Manzari

Mateo Manzari

Coldwell Banker Island Properties

RB-24388MBA (808) 280-6880[email protected]
StateHI
CityKailua Kona
Zip Code96740
AreaBig Island
Community NameHIENALOLI 6TH PUAA 2ND
Listing VS Median (in HIENALOLI 6TH PUAA 2ND)
Price:
$549,000
low | high
Med:
$549,000
50% of Average
sqft:
800
low | high
Med:
829
46.375% of Average
$ / sqft:
$686
low | high
Med:
$662
53.498190591074% of Average
On site:
71
low | high
Med:
116
61.206896551724% of Average
Sourced by Back At You
Listing Updated: July 2, 2026 at 5:40:43 AM PDT
Mateo Manzari
MBA
License #: RB-24388
(808) 280-6880
Kukui Mall - 1819 South Kihei Rd Suite D111.
Kihei, Hi 96753

Mateo Manzari - Coldwell Banker Island Properties