Island Charm Meets Vacation Rental Opportunity — Turnkey Malia Kai Townhome Experience the vibrant heart of Kailua Kona from this beautifully updated townhouse-style condo at Malia Kai — a boutique community where tropical landscaping, a quiet atmosphere, and prime location converge. Approved for short-term vacation rental (STVR) and boasting excellent online reviews, this turnkey-furnished, 1-bedroom, 1.5-bath residence is a rare find. Tranquility just minutes from the action, walkable to Honl’s Beach, Royal Kona Resort Luau, and Kona's oceanfront district Thoughtfully upgraded for comfort and style, highlights include: - Premium Vacation Rental Property — Unbeatable location steps to beaches, restaurants, and shops - Active STVR Permit — Ideal for immediate rental income - Split Air Conditioning System for year-round comfort - Tastefully Furnished and ready for move-in or guests - Preferred Lanai Orientation — Sheltered from the afternoon sun with refreshing breezes - Peek-a-boo Ocean Views from both lanais - Upgraded Kitchen featuring newer appliances and all-new flooring - Designer-Renovated Main Bath - Upgraded Copper Plumbing in both baths - Fresh Interior Paint for a crisp, clean feel - Rare Covered Carport Parking - Private Laundry and Storage Room with direct access from inside the unit - Resort-Style Amenities including a sparkling pool and shaded BBQ area - Low-Density Complex Savor morning coffee with ocean glimpses, spend lazy afternoons by the pool, and stroll to sunset dinners along Ali'i Drive — all from your island home base. This is more than a condo — it’s a lifestyle and a rare opportunity to own a slice of paradise.
For sale
$599,000
75-5855 Walua Rd APT 15, Kailua Kona, HI 96740
1beds
800sqft
Est.:
Single Family Residence
Built in 1972
-- sqft lot
$585,800 Zestimate®
$749/sqft
$900/mo HOA
What's special
Peek-a-boo ocean viewsSparkling poolShaded bbq areaTropical landscapingPreferred lanai orientationFresh interior paintRare covered carport parking
- 4 days
- on Zillow |
- 200 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 08:09pm
Listed by:
Jenni Lee 8084303022,
KW Big Island
Source: Hawaii Information Service,MLS#: 717138

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Cooling
- Zoned
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Range/Oven, Washer/Dryer Stacked
Features
- Flooring: Ceramic Tile
- Has fireplace: No
Interior area
- Total structure area: 800
- Total interior livable area: 800 sqft
Property
Parking
- Parking features: Assigned, Covered
Features
- Has view: Yes
- View description: Sunset
Details
- Parcel number: 3750090090015
- Zoning: RM-1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Single Family Residence
Condition
- Year built: 1972
Details
- Builder model: Malia Kai
Utilities & green energy
- Water: Public, Other
- Utilities for property: Sewer-Connected, Cable Available, Cable, Underground Utilities
Community & HOA
Community
- Subdivision: Hienaloli 6th - Puaa 2nd
HOA
- Has HOA: Yes
- HOA fee: $900 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $749/sqft
- Tax assessed value: $245,700
- Annual tax amount: $5,019
- Price range: $619K - $599K
- Date on market: 1/7/2025
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: CPR,
- Electric utility on property: Yes
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