NOT LISTED FOR SALE

74-5618 Palani Rd Unit M7 Kailua Kona, HI 96740

Estimated Value: $164,800 - $187,000

2 Beds
1 Bath
624 Sq Ft
$613/mo HOA Fee

Last Sold May 30, 2023

Last sale price $175,000 $280 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,566/month

230 Days on Market

Highlights

  • Lanai
  • Ground Level Unit
  • Laundry Facilities

About This Home

As of May 2023

Amazing location! This affordable and quiet Leasehold condo is Centrally located in the heart of downtown Kailua-Kona and just a short walk to the pier, beach, waterfront shops and restaurants! The complex offers beautiful landscaping, a lovely community pool, BBQ/covered bench area and assigned parking. This charming 2 bedroom, 1 bath condo unit is waiting to be your new home or investment!

Annual leasehold rent is $2,276 paid in two annual installments of $1,138. HOA has confirmed the special assessment on this unit is PAID in full.

The information contained herein may contain inaccuracies and is provided without warranty or guarantee of any kind by the seller, listing broker or their representatives. Agents and buyers must independently verify any info they deem material or important to their purchase.

Last Agent to Sell the Property

Christina Menig

Hawaii Coast Realty, LLC Brokerage Phone: 8083459202 License #RS-75631 Listed on: 08/23/2022

Last Buyer's Agent

Jennifer Rhodes

Premier Island Properties LLC License #RB-22809

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,358

Year Built

  • Built in 1969

Lot Details

  • 3.89

HOA Fees

  • $613 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 624 Sq Ft Home
  • Track Lighting
  • Laminate Flooring
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Lanai
  • Property fronts a county road
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 3740100360094

Community Details

Overview

  • Kona Kai Community
  • Kona Industrial Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,358

Year Built

Built in 1969

Lot Details

0

HOA Fees

$613 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoLaundryFeatures: Common Area
  • ResoSecurityFeatures: None
  • Attribution Contact: 8083459202
  • Co List Office Phone: 8089297063
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KONA INDUSTRIAL SUBDIVISION
  • Reso Interior Features: Enclosed Lanai, Track Lightning
  • Living Area: 624.0
  • Property Attached Yn: Yes
  • Year Built: 1969
  • Tax Year: 2022
  • HIS_PoolYN: No
  • Unit Description: Ground Unit
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, Wireless
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Flooring: Laminate
  • Total Bathrooms: 1

Exterior Features

  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Cash, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities

Condo/Co-op/Association

  • Association Fee: 613.0
  • Association Fee Frequency: Monthly
  • Project: Kona Kai

Lot Info

  • Zoning: CV-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3740100360094
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1358.0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lafarga David Adam $109,800
Closed Hardie Greg $43,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Off Market $55,500 -- --
08/29/2023 08/29/23 Off Market $175,000 -- --
05/31/2023 05/31/23 Off Market $175,000 -- --
05/30/2023 05/30/23 Sold $175,000 -2.2% $280 / Sq Ft
03/22/2023 03/22/23 Price Changed $179,000 -3.8% $287 / Sq Ft
02/28/2023 02/28/23 For Sale $186,000 0.0% $298 / Sq Ft
09/29/2022 09/29/22 Price Changed $186,000 -1.6% $298 / Sq Ft
09/02/2022 09/02/22 Price Changed $189,000 -7.8% $303 / Sq Ft
08/23/2022 08/23/22 For Sale $205,000 +78.3% $329 / Sq Ft
08/13/2018 08/13/18 Sold $115,000 -3.4% $184 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $119,000 +114.4% $191 / Sq Ft
01/25/2018 01/25/18 Sold $55,500 -7.3% $89 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $59,900 -- $96 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $412 $145,400 $21,100 $124,300
2024 $412 $141,200 $21,100 $120,100
2023 $1,578 $128,500 $21,100 $107,400
2022 $1,359 $110,600 $21,100 $89,500
2021 $1,077 $87,700 $21,100 $66,600
2020 $1,104 $89,900 $21,100 $68,800
2019 $822 $133,800 $42,200 $91,600
2018 $615 $50,100 $21,100 $29,000
2017 $558 $45,400 $21,100 $24,300
2016 $519 $45,400 $21,100 $24,300
2015 $474 $45,400 $21,100 $24,300
2014 $474 $45,400 $21,100 $24,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Christina Menig

    Hawaii Coast Realty, LLC

    (916) 661-2087

    20 in this area

    32 Total Sales

    Christina Menig
    Section Image

  • J

    Buyer's Agent in 2023

    Jennifer Rhodes

    Premier Island Properties LLC

    (808) 345-6192

    9 in this area

    15 Total Sales

    Jennifer Rhodes
    Section Image

  • R

    Seller's Agent in 2018

    Rebecca Clancy

    Hawaii Real Estate Group LLC

    24 in this area

    37 Total Sales

    Rebecca Clancy
    Section Image
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 664048

Hawaii Information Service (MLS Hawaii)

APN: 3-7-4-010-036-0094

Hawaii Hawaii County Kailua Kona 96740

74-5618 Palani Rd Unit M7, Kailua Kona, HI

This home is located at 74-5618 Palani Rd Unit M7, Kailua Kona, HI 96740 since 23 August 2022 and is currently estimated at $173,950, approximately $278 per square foot. This property was built in 1969. 74-5618 Palani Rd Unit M7 is a home located in Hawaii County with nearby schools including Kealakehe Elementary School, Kealakehe Intermediate School, and Kealakehe High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hawaii Information Service (MLS Hawaii) Copyright 2025 MLS Hawaii, Inc. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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