
75-5855 Walua Rd Unit 12 Kailua Kona, HI 96740
Kailua Kona NeighborhoodAbout This Home
As of May 2025This fully renovated, turnkey condo in Kona offers modern design, privacy, and exceptional rental potential with an active vacation rental permit. Nestled in the quiet back corner of the desirable Malia Kai complex, this stunning unit has no neighbors above or below, and only one shared wall.
Upgraded Interior: The extensive renovation featured upgraded flooring, paint, artwork, ceiling fans, lighting fixtures, switches, baseboards and trim for a polished, modern aesthetic. The kitchen was remodeled with updated cabinetry, quartz counters, and premium appliances. Both bathrooms were updated with contemporary finishes, such as new vanities, shower tile, toilets and fixtures. High vaulted ceilings on the top floor enhance the open, airy island feel.
Flexible Layout: The current 1-bedroom layout can easily be converted back to its original 2-bedroom design with Shoji doors or curtains, offering versatile options as a rental space or full-time occupancy. Two private lanais provide an ideal spot to relax and enjoy the tranquil surroundings, whether sipping morning Kona coffee or enjoying sunset mai tais. The condo is fully equipped with washer and dryer, conveniently located off the private carport, along with ample storage space.
Investment Potential: This unit has an active Short-Term Vacation Rental (STVR) Permit, offering immediate rental opportunities.
Exclusive Community: Malia Kai is a well-maintained boutique complex of only 20 units, creating an intimate and exclusive atmosphere. The gated property features a swimming pool, BBQ area with grills, and lush landscaping for residents and guests to enjoy.
Prime Location: Situated across from the Royal Kona Resort and just moments from Kailua-Kona's shops, restaurants and waterfront activities, this condo offers the perfect mix of privacy and convenience. Association dues cover basic cable, water, sewer, trash and exterior maintenance, ensuring a hassle-free ownership experience.
Last Agent to Sell the Property
eXp Realty Brokerage Phone: 8087824386 License #RS-84583 Listed on: 03/14/2025

Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,019
Year Built
- Built in 1972
Lot Details
- End Unit
- No Unit Above or Below
HOA Fees
- $900 Monthly HOA Fees
Interior Spaces
- 800 Sq Ft Home
- Carpet
Kitchen
- Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Dryer
- Washer
Parking
- Covered Parking
- Assigned Parking
Community Details
- Malia Kai Community
- Hienaloli 6Th Puaa 2Nd Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 3750090090012
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | -- | Fam | |
Deed | -- | Fam | |
Deed | $405,000 | First American Title Of Hawaii | |
Deed | $405,000 | First American Title Of Hawaii | |
Deed | $299,000 | Tg | |
Warranty Deed | $289,000 | -- | |
Deed | $129,600 | -- | |
Deed | $166,000 | -- | |
Deed | $145,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $850,000 | New Conventional | |
Closed | $850,000 | New Conventional | |
Previous Owner | $256,900 | New Conventional | |
Previous Owner | $239,200 | Unknown | |
Previous Owner | $124,500 | No Value Available | |
Previous Owner | $60,000 | No Value Available |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/02/2025 05/02/25 | Sold | $549,000 | 0.0% | $686 / Sq Ft |
03/14/2025 03/14/25 | For Sale | $549,000 | -4.5% | $686 / Sq Ft |
11/30/2024 11/30/24 | Price Changed | $575,000 | -4.0% | $719 / Sq Ft |
10/21/2024 10/21/24 | Off Market | $599,000 | -- | -- |
10/16/2024 10/16/24 | For Sale | $599,000 | 0.0% | $749 / Sq Ft |
10/14/2024 10/14/24 | Price Changed | $599,000 | -4.1% | $749 / Sq Ft |
09/25/2024 09/25/24 | Off Market | $624,900 | -- | -- |
09/24/2024 09/24/24 | For Sale | $624,900 | 0.0% | $781 / Sq Ft |
09/23/2024 09/23/24 | For Sale | $624,900 | +54.3% | $781 / Sq Ft |
09/18/2022 09/18/22 | Off Market | $405,000 | -- | -- |
06/20/2022 06/20/22 | Sold | $405,000 | +5.2% | $506 / Sq Ft |
05/28/2022 05/28/22 | Pending | -- | -- | -- |
05/25/2022 05/25/22 | For Sale | $385,000 | -- | $481 / Sq Ft |
Tax History Compared to Growth
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 | $5,019 | $458,600 | $16,100 | $442,500 |
2024 | $5,019 | $429,000 | $27,000 | $402,000 |
2023 | $4,590 | $392,300 | $27,000 | $365,300 |
2022 | $501 | $201,800 | $27,000 | $174,800 |
2021 | $472 | $195,900 | $27,000 | $168,900 |
2020 | $444 | $190,200 | $27,000 | $163,200 |
2019 | $417 | $184,700 | $27,000 | $157,700 |
2018 | $390 | $179,300 | $27,000 | $152,300 |
2017 | $365 | $174,100 | $27,000 | $147,100 |
2016 | $585 | $169,000 | $27,000 | $142,000 |
2015 | $507 | $164,100 | $27,000 | $137,100 |
2014 | $507 | $164,100 | $27,000 | $137,100 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Joseph Lambert
eXp Realty
(808) 782-4386
12 in this area
34 Total Sales
-
Buyer's Agent in 2025
Marc Shackman
Equity Hawaii Real Estate LLC
(808) 366-9114
5 in this area
31 Total Sales
-
Seller's Agent in 2024
Marisa Piazza
Go Luxe Realty
(808) 557-5253
7 in this area
26 Total Sales
-
P
Seller's Agent in 2022
Penn Henderson
NextHome Paradise Realty
(808) 345-6214
21 in this area
37 Total Sales
-
Buyer's Agent in 2022
John Miller
Berkshire Hathaway HomeServices Hawaii Island Properties
(808) 315-5501
38 in this area
75 Total Sales
Map
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 718808

APN: 3-7-5-009-009-0012
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