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For sale
  • $140,000

    74-5618 Palani Rd APT A4, Kailua Kona, HI 96740

    1beds
    480sqft
    : 
    $1,585/mo
    Get pre-qualified
    Condominium
    Built in 1969
    -- sqft lot
    $136,400 Zestimate®
    $292/sqft
    $625/mo HOA

    What's special

    Top-floor condominiumBright open feelOne assigned parking space
    This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.
    12 days
    |
    408
    |
    15
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Clancy 8089900437,

    Hawaii Real Estate Group LLC

    Source: Hawaii Information Service,MLS#: 732427MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Appliances
      • Included: Range, Refrigerator
      Features
      • Flooring: Ceramic Tile, Laminate
      • Has fireplace: No
      Interior area
      • Total structure area: 480
      • Total interior livable area: 480 sqft

      Property

      Parking
      • Parking features: Assigned
      Features
      • Pool features: In Ground
      • Has view: Yes
      • View description: Coastline
      Details
      • Parcel number: 3740100360004
      • Zoning: CV-10
      • Special conditions: Leasehold,Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Condition
      • Year built: 1969

      Utilities & green energy

      • Utilities for property: Electricity Available, Phone Available, Sewer Connected

      Community & HOA

      Community
      • Subdivision: KONA INDUSTRIAL SUBDIVISION
      HOA
      • Has HOA: Yes
      • HOA fee: $625 monthly
      Location
      • Region: Kailua Kona

      Financial & listing details

      • Price per square foot: $292/sqft
      • Tax assessed value: $98,100
      • Annual tax amount: $1,204
      • Date on market: 7/31/2026
      • Listing terms: Cash
      • Ownership: CPR
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $136,400

        $130,000 - $143,000

        $2,042/mo

        Price history

        DateEventPrice
        7/31/2026Listed for sale$140,000+12%$292/sqft
        Source: Hawaii Information Service #732427 Report a problem
        6/30/2025Sold$125,000-7.4%$260/sqft
        Source: Hawaii Information Service #719859 Report a problem
        6/20/2025Contingent$135,000$281/sqft
        Source: Hawaii Information Service #719859 Report a problem
        6/9/2025Price change$135,000-3.6%$281/sqft
        Source: Hawaii Information Service #719859 Report a problem
        5/21/2025Price change$140,000-6.7%$292/sqft
        Source: Hawaii Information Service #719859 Report a problem
        4/18/2025Price change$150,000-6.3%$313/sqft
        Source: Hawaii Information Service #719859 Report a problem
        4/14/2025Listed for sale$160,000+70.2%$333/sqft
        Source: Hawaii Information Service #719859 Report a problem
        12/10/2019Sold$94,000-3.1%$196/sqft
        Source: Hawaii Information Service #633054 Report a problem
        11/10/2019Pending sale$97,000$202/sqft
        Source: Koa Realty, Inc. #633054 Report a problem
        10/7/2019Listed for sale$97,000+860.4%$202/sqft
        Source: Koa Realty, Inc. #633054 Report a problem
        10/3/2013Sold$10,100$21/sqft
        Source: Hawaii Information Service #263539 Report a problem
        5/27/2013Listing removed$10,100$21/sqft
        Source: Windermere/ C and H Properties #263539 Report a problem
        5/13/2013Listed for sale$10,100+910%$21/sqft
        Source: C and H Properties dba Windermere/ C and H Properties #263539 Report a problem
        3/23/2013Listing removed--
        Source: Auction.com Report a problem
        3/9/2013Price change$1,000-99.3%$2/sqft
        Source: Auction.com Report a problem
        3/7/2013Listed for sale--
        Source: Auction.com Report a problem
        7/2/2004Sold$135,000+50%$281/sqft
        Source: Public Record Report a problem
        2/10/2004Sold$90,000+28.6%$188/sqft
        Source: Public Record Report a problem
        2/21/2003Sold$70,000$146/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $137,600 +5%
        2024$1,609 +10.3%$131,000 +10.3%
        2023$1,459 +16.6%$118,800 +16.6%
        2022$1,252 +33.2%$101,900 +26.9%
        2021$940 -2.4%$80,300 -2.4%
        2020$963 +29.2%$82,300 +35.6%
        2019$745 +50.2%$60,700 +35.2%
        2018$496 +7.4%$44,900 +11.1%
        2017$462 +9.6%$40,400
        2016$421 $40,400
        2015$421 $40,400
        2014$421 $40,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 96740

        Getting around

        65 / 100
        Somewhat Walkable
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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