75-5776 Kuakini Hwy Unit 123 Kailua Kona, HI 96740
Estimated payment $2,605/month
About This Home
This is a leasehold property. With over $67,000 gross yearly income, this is a great investment property!
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.
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.
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.
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.
Don’t miss this opportunity to own a slice of paradise in one of Kona’s most popular vacation destinations!
Listing Agent
COMPASS Brokerage Phone: 8083653528 License #RS-85301 Listed on: 05/15/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,463
Year Built
- Built in 1969
Lot Details
- Property fronts a private road
- Property fronts a county road
HOA Fees
- $1,288 Monthly HOA Fees
Parking
- Unassigned Parking
Interior Spaces
- 1 Full Bathroom
- 372 Sq Ft Home
- Carpet
Listing and Financial Details
- Assessor Parcel Number 3750080030053
Community Details
Overview
- Kona Islander Inn Community
Pet Policy
- No Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2025 05/15/25 | For Sale | $209,000 | +49.3% | $562 / Sq Ft | |
| 11/29/2024 11/29/24 | Off Market | $140,000 | -- | -- | |
| 10/12/2024 10/12/24 | Off Market | $130,000 | -- | -- | |
| 08/25/2021 08/25/21 | Sold | $154,000 | +3.4% | $414 / Sq Ft | View Prior Sale |
| 07/22/2021 07/22/21 | Pending | -- | -- | -- | |
| 07/21/2021 07/21/21 | For Sale | $149,000 | +14.6% | $401 / Sq Ft | |
| 10/23/2020 10/23/20 | Sold | $130,000 | -7.1% | $349 / Sq Ft | View Prior Sale |
| 09/10/2020 09/10/20 | Pending | -- | -- | -- | |
| 08/28/2020 08/28/20 | For Sale | $140,000 | 0.0% | $376 / Sq Ft | |
| 01/02/2018 01/02/18 | Off Market | $140,000 | -- | -- | |
| 10/04/2017 10/04/17 | Sold | $140,000 | -3.4% | $376 / Sq Ft | View Prior Sale |
| 08/19/2017 08/19/17 | Pending | -- | -- | -- | |
| 05/21/2017 05/21/17 | For Sale | $145,000 | -- | $390 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 720985
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.
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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