Prime Investment Opportunity – Ocean View Vacation Rental in Kailua-Kona Seller offering $15,000 in concessions to help pay down mortgage points, HOA fees, upgrades, etc. Seize the opportunity to own a high-performing vacation rental in the heart of Kailua-Kona! This turnkey, one-bedroom, one-bathroom condo boasts a top-floor view of Kailua Bay and an impressive 90% occupancy rate, making it a proven income-generating asset. Meticulously maintained, this unit offers modern comfort with air conditioning and a thoughtfully designed interior that keeps guests returning. The spacious lanai provides views to breathtaking sunsets and the lively energy of Kailua Village, all while maintaining a serene retreat for visitors. Location is unbeatable—just one block from the ocean, dining, shopping, and entertainment, ensuring strong rental demand year-round. Unit has assigned parking which provides the benefit of guests not having to pay for parking. Benefits of condo: Tropical breezes from ocean and mountain keep condo cool and A/C helps in summer. Pull out couch for extra guest Fully stocked for all needs for visitors - truly turn key Whether you’re expanding your portfolio or seeking a personal island getaway with income potential, this condo has a great rental history. Kailua Village Condominium offers: Pets are allowed with Board approval. Convenient assigned parking stall- #08 Pool and BBQ area Secured building/elevator On-site manager Coined laundry room The rental income history is available and the current leasing manager is willing to manage the property after sale.
For sale
$475,000
75-5766 Kuakini Hwy APT 503, Kailua Kona, HI 96740
1beds
639sqft
Est.:
Single Family Residence
Built in 1972
-- sqft lot
$461,500 Zestimate®
$743/sqft
$881/mo HOA
What's special
Pool and bbq areaSpacious lanaiThoughtfully designed interiorViews to breathtaking sunsets
- 42 days
- on Zillow |
- 268 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 06:45am
Listed by:
Julie Ziemelis 8087852898,
Real Broker LLC
Source: Hawaii Information Service,MLS#: 719244

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat Pump
Cooling
- Air Conditioning, Zoned
Appliances
- Included: Dishwasher, Microwave Hood, Refrigerator, Range/Oven, Dryer, Washer
- Laundry: Common Area, Coin
Features
- Elevator
- Flooring: Ceramic Tile, Vinyl
- Windows: Blinds, Curtains, Other (remarks)
- Has fireplace: No
- Common walls with other units/homes: High Floor Unit
Interior area
- Total structure area: 639
- Total interior livable area: 639 sqft
Property
Parking
- Parking features: Assigned
Features
- Stories: 7
- Entry location: High Floor Unit
- Exterior features: Barbecue
- Pool features: Gunite
- Fencing: Chain Link
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Features: Trash Chute
- Topography: Level
Details
- Additional structures: Storage
- Parcel number: 3750080160041
- Zoning: V-.75
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Concrete
Condition
- Year built: 1972
Details
- Builder model: Kailua Village
Utilities & green energy
- Water: County
- Utilities for property: Sewer-Connected, Cable Available, Cable, Cell, Phone Available, Overhead
Community & HOA
Community
- Security: Keyed Elevator, Closed Circuit Camera(s)
- Subdivision: Hienaloli 1st - Hienaloli 6th
HOA
- Has HOA: Yes
- HOA fee: $881 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $743/sqft
- Tax assessed value: $355,900
- Annual tax amount: $4,371
- Price range: $475K - $475K
- Date on market: 3/12/2025
- Listing terms: 1031 Exchange,ARM,Cash,Conventional
- Ownership: CPR,
- Electric utility on property: Yes
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