77-212 Ke Alohi Kai Place Kailua Kona, HI 96740
Estimated payment $25,548/month
Total Views
2,944
4
Beds
7
Baths
4,035
Sq Ft
$990
Price per Sq Ft
Highlights
- Heated Pool and Spa
- Attached Garage
- 2-minute walk to Pahoehoe Beach Park
- Solar Power System
- Level Lot
About This Home
Proven Income-Producing Vacation Rental House in Kona's Oceanfront Resort Zone Gated Community – No STVR Restrictions
Maximize your return with this luxury investment property in Kailua Kona’s exclusive ocean-front, gated resort-zoned enclave of Ke Alohi Kai—where short-term vacation rentals are fully permitted and protected, with no risk of future regulation changes or permit loss.
This high-performing asset has consistently delivered strong financials:
2022: $295,342 gross revenue
→ NOI: $205,071 | CAP Rate: ~5%
2023: $336,045 gross revenue
→ NOI: $245,774 | CAP Rate: ~6%
2024: $275,422 gross revenue
→ NOI: $185,151 | CAP Rate: ~4.6%
2025 (Q1 only): $100,000 gross — a record-breaking start, signaling potential for highest revenue year yet
These figures are based on average operating expenses of $90,271/year (which may vary for a different owner and year), delivering real, verifiable cash flow. With upside in rates and bookings, this property presents a compelling CAP rate and long-term value.
This 4-bedroom, 7-bathroom custom-built residence spans 4,035 sq. ft. on a 10,034 sq. ft. lot in the gated oceanfront community of Ke Alohi Kai. Thoughtfully designed for seamless indoor-outdoor living, it features a zero-edge pool, cascading spa, and expansive pocket sliding doors.
Each bedroom offers a private lanai and ensuite bath, with the primary suite opening directly to the pool and featuring a jetted tub. Recent upgrades include a photovoltaic (PV) solar system and enhanced air conditioning, adding energy efficiency and comfort.
Located just a short walk from Magic Sands Beach and popular local restaurants, the home also includes two sitting areas, large living and dining spaces, central vacuum, and lush tropical landscaping behind stone walls and wooden gates.
Listing Agent
COMPASS Brokerage Phone: 8087470503 License #RS-75490 Listed on: 06/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,272
Year Built
- Built in 2003
Lot Details
- Property fronts a private road
- Level Lot
- Property is zoned V-1.25
HOA Fees
- $503 Monthly HOA Fees
Parking
- Attached Garage
Home Design
- 4,035 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
Eco-Friendly Details
- Solar Power System
Pool
- Heated Pool and Spa
- Heated In Ground Pool
- Gunite Pool
Utilities
- Underground Utilities
- Private Sewer
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Ke Alohi Kai Subdivision
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number 3770240130000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,998 | $513,300 | $513,300 | -- |
| 2024 | $4,998 | $450,300 | $450,300 | -- |
| 2023 | $4,998 | $450,300 | $450,300 | $0 |
| 2022 | $3,937 | $354,700 | $354,700 | $0 |
| 2021 | $4,461 | $401,900 | $401,900 | $0 |
| 2020 | $4,017 | $347,800 | $347,800 | $0 |
| 2019 | $3,919 | $339,300 | $339,300 | $0 |
| 2018 | $3,919 | $339,300 | $339,300 | $0 |
| 2017 | $3,842 | $332,600 | $332,600 | $0 |
| 2016 | $3,474 | $320,200 | $320,200 | $0 |
| 2015 | -- | $332,500 | $332,500 | $0 |
| 2014 | -- | $200,100 | $200,100 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $3,995,000 | +56.7% | $990 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | $2,550,000 | -2.9% | $632 / Sq Ft |
| 05/28/2021 05/28/21 | Pending | -- | -- | -- |
| 05/28/2021 05/28/21 | For Sale | $2,625,000 | -- | $651 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title Of Hawaii | |
| Warranty Deed | $450,000 | Fam | |
| Warranty Deed | $285,000 | Title Guaranty Escrow Svcs I | |
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | $1,000,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $315,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $187,500 | Commercial |
Source: Public Records
Similar Homes in the area
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 721754
APN: 3-7-7-024-012-0000
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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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