This is a leasehold property. With over $67,000 gross yearly income, this is a great investment property!<br><br>Welcome to your tropical escape at the Kona Islander Inn! This charming condo offers a private lanai that opens to beautifully landscaped grounds, inviting you to relax and recharge in a serene setting. Whether you're sipping your morning coffee or unwinding after a day of adventure, this peaceful space is the perfect retreat.<br><br>This unit is currently an active Short-Term Vacation Rental with a solid history of bookings—an ideal opportunity for those seeking an investment property in the heart of Kailua-Kona. The complex features resort-style amenities including a pool and hot tub, lush tropical gardens, BBQ grills, and a welcoming front desk team to assist with guest check-ins and check-outs.<br><br>Perfectly situated on vibrant Alii Drive, you're just steps away from beaches, restaurants, shops, and local entertainment. Parking is available on a first-come, first-serve basis, and the on-site laundry room is accessible with a key card.<br><br>Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet, helping you keep your costs fixed and budgeting simple. The lease runs through 2079 with a renegotiation date set for 2029.<br><br>Don’t miss this opportunity to own a slice of paradise in one of Kona’s most popular vacation destinations!
For sale
$209,000
75-5776 Kuakini Hwy APT 123, Kailua Kona, HI 96740
0beds
372sqft
Est.:
Condominium
Built in 1969
-- sqft lot
$204,300 Zestimate®
$562/sqft
$1,288/mo HOA
What's special
Pool and hot tubBbq grillsLush tropical gardensPrivate lanaiBeautifully landscaped grounds
- 64 days
- on Zillow |
- 235 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 02, 2025 at 01:45am
Listed by:
Soraya Letournel 8083653528,
COMPASS
Source: Hawaii Information Service,MLS#: 720985
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Microwave Hood, Refrigerator
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 372
- Total interior livable area: 372 sqft
Video & virtual tour
Property
Parking
- Parking features: Unassigned
Details
- Parcel number: 3750080030053
- Zoning: V-.75
- Special conditions: Leasehold,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1969
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Sewer Connected, Water Available
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $1,288 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $562/sqft
- Tax assessed value: $200,500
- Annual tax amount: $2,462
- Date on market: 5/15/2025
- Listing terms: Cash,Conventional
- Ownership: CPR
- Electric utility on property: Yes
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