One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6-bedroom, 4-bath single-family house. Completely renovated in 2021, this property will come with solid hosted vacation rental history and 4.9-star average Airbnb reviews.
- Centrally located 5-minute drive to downtown Kona and beaches
- 2024 gross- $60,500, 2025 Gross $53,700, 2026 current gross- $35,300 on front house ONLY.
- Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property.
- Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lighting choices.
- Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area.
- Fenced grassy yard complete with producing mango trees
- Perfect 900ft elevation
- Newer metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool.
- Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood.
- Seller-owned 36-panel photovoltaic system on NET metering. 10 years old with a 30-year warranty. Submeter for monitoring usage.
- Brand new seamless gutters
- 2 Large storage Sheds
- Large walk-in tiled shower in back primary bedroom
- 2 Primary bedrooms with private bathrooms
- Low-maintenance granite and marble flooring
- Massive back lanai perfect for morning coffee and enjoying your privacy
- Rockwall and natural privacy fencing
Buyer should independently research current and proposed STVR/TAR rules and regulations before purchasing
Under contract
$999,900
74-5042 Palani Rd, Kailua Kona, HI 96740
6beds
2,068sqft
Single Family Residence
Built in 1980
9,314 Square Feet Lot
$997,400 Zestimate®
$484/sqft
$-- HOA
What's special
Brand new seamless gutters
- 21 days |
- 1,508 |
- 59 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Samuel Schaus 8088968125,
KW Big Island
Source: Hawaii Information Service,MLS#: 732389
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Disposal, Dryer, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer
Features
- Flooring: Ceramic Tile, Concrete
- Has fireplace: No
Interior area
- Total structure area: 2,068
- Total interior livable area: 2,068 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Covered
- Carport spaces: 2
Features
- Fencing: Chain Link
- Has view: Yes
- View description: Forest, Garden, Mountain(s)
Lot
- Size: 9,314 Square Feet
- Features: Grassy
- Topography: Level
Details
- Parcel number: 3740140730000
- Zoning: RS-7.5
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: KONA MACADAMIA ACRES
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $484/sqft
- Tax assessed value: $956,500
- Annual tax amount: $10,617
- Date on market: 7/30/2026
- Listing terms: 1031 Exchange,Cash,Conventional,USDA Loan,VA Loan
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Major Thoroghfare
Estimated market value
$997,400
$948,000 - $1.05M
$4,647/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/9/2026 | Contingent | $999,900$484/sqft |
Source:  Hawaii Information Service #732389 Report a problem | ||
| 7/31/2026 | Listed for sale | $999,900+31.7%$484/sqft |
Source: Hawaii Information Service #732389 Report a problem | ||
| 7/30/2021 | Sold | $759,000+1.3%$367/sqft |
Source: Hawaii Information Service #650012 Report a problem | ||
| 6/3/2021 | Contingent | $749,000$362/sqft |
Source: Hawaii Information Service #650012 Report a problem | ||
| 5/27/2021 | Listed for sale | $749,000+340.3%$362/sqft |
Source: Hawaii Information Service #650012 Report a problem | ||
| 3/12/2010 | Sold | $170,100-66.3%$82/sqft |
Source: Public Record Report a problem | ||
| 6/12/2009 | Sold | $504,933$244/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $956,500 +2.9% |
| 2024 | $10,314 +32.6% | $929,200 +9.2% |
| 2023 | $7,778 -4.2% | $850,700 -0.1% |
| 2022 | $8,122 +46.4% | $851,700 +70.4% |
| 2021 | $5,549 +9.8% | $499,900 +9.8% |
| 2020 | $5,055 +12.4% | $455,400 +12.4% |
| 2019 | $4,498 +13.3% | $405,200 +11.4% |
| 2018 | $3,970 | $363,800 +1.7% |
| 2017 | -- | $357,700 +0.8% |
| 2016 | -- | $354,800 +16.1% |
| 2015 | -- | $305,500 +0.3% |
| 2014 | -- | $304,500 -28.1% |
| 2009 | -- | $423,700 -13.2% |
| 2008 | -- | $488,400 +23.9% |
| 2007 | -- | $394,100 +47% |
| 2006 | -- | $268,100 +3% |
| 2005 | -- | $260,300 +23% |
| 2004 | -- | $211,700 +7.5% |
| 2003 | -- | $197,000 +11.8% |
| 2002 | $1,481 +0.6% | $176,200 |
| 2000 | $1,472 | -- |
| 1999 | -- | $173,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 96740
Nearby schools
GreatSchools rating
- 3/10Kealakehe Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Kealakehe Intermediate SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Kealakehe High SchoolGrades: 9-12Distance: 1.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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