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Sold for $185,000
    • $185,000

    74-5618 Palani Rd APT C7, Kailua Kona, HI 96740

    2beds
    616sqft
    Condominium
    Built in 1969
    -- sqft lot
    $183,400 Zestimate®
    $300/sqft
    $2,336 Estimated rent

    Home value

    $183,400

    $156,000 - $215,000

    $2,336/mo

    Zestimate® history

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    $1,674/mo

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    What's special

    Ocean view
    This is a leasehold property. CASH or 1031 exchange only. Charming Updated Condo in the Heart of Kona – Successful Vacation Rental! Welcome to this beautifully updated, turn-key 2-bedroom, 1-bath condo located in the vibrant heart of Kona, with an ocean view. Just steps from the Ironman finish line and within walking distance to the pier, local markets, grocery stores, dining, shopping, and the stunning Pacific Ocean – the location couldn’t be more ideal. Whether you’re looking for a personal island retreat or a proven investment property, this condo offers it all. Currently operating as a successful vacation rental, it’s fully furnished and ready for you or your guests to enjoy the best of Hawaii. Maintenance fee includes water, sewer, gas, garbage service, ground maintenance, pool maintenance, quarterly pest control. NEW, coin operated washer/dryers on property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lori McNeel 8082057720,

    First Island Realty, LLC

    Bought with:

    MerryAnne Stone, RB-18200

    Coldwell Banker Island Properties - Kona

    Source: Hawaii Information Service,MLS#: 719984MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Appliances
    • Included: Microwave, Range, Refrigerator
    Features
    • Flooring: Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 616
    • Total interior livable area: 616 sqft

    Property

    Parking
    • Parking features: Assigned
    Details
    • Parcel number: 3740100360023
    • 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, Sewer Connected

    Community & HOA

    Community
    • Subdivision: KONA INDUSTRIAL SUBDIVISION
    HOA
    • Has HOA: Yes
    • HOA fee: $850 monthly
    Location
    • Region: Kailua Kona

    Financial & listing details

    • Price per square foot: $300/sqft
    • Tax assessed value: $141,200
    • Annual tax amount: $1,734
    • Date on market: 4/8/2025
    • Listing terms: 1031 Exchange,Cash
    • Ownership: CPR
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/24/2025Sold$185,000-5.1%$300/sqft
    Source: Hawaii Information Service #719984 Report a problem
    9/23/2025Contingent$195,000$317/sqft
    Source: Hawaii Information Service #719984 Report a problem
    4/8/2025Listed for sale$195,000+21.9%$317/sqft
    Source: Hawaii Information Service #719984 Report a problem
    10/17/2023Sold$160,000-5.3%$260/sqft
    Source: Hawaii Information Service #669897 Report a problem
    9/22/2023Price change$169,000-10.6%$274/sqft
    Source: Hawaii Information Service #669897 Report a problem
    8/22/2023Price change$189,000-12.1%$307/sqft
    Source: Hawaii Information Service #669897 Report a problem
    6/16/2023Listed for sale$215,000+115%$349/sqft
    Source: Hawaii Information Service #669897 Report a problem
    3/16/2021Sold$100,000-4.8%$162/sqft
    Source: Hawaii Information Service #644416 Report a problem
    2/13/2021Contingent$105,000$170/sqft
    Source: Hawaii Information Service #644416 Report a problem
    2/1/2021Price change$105,000-8.7%$170/sqft
    Source: Hawaii Information Service #644416 Report a problem
    11/18/2020Listed for sale$115,000+15%$187/sqft
    Source: eXp Realty #644416 Report a problem
    5/22/2019Sold$100,000-13%$162/sqft
    Source: Agent Provided Report a problem
    4/22/2019Pending sale$115,000$187/sqft
    Source: eXp Realty #627032 Report a problem
    3/17/2019Listed for sale$115,000+318.2%$187/sqft
    Source: eXp Realty #627032 Report a problem
    7/12/2012Sold$27,500$45/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,822 +5%$148,300 +5%
    2024$1,734 +9.9%$141,200 +9.9%
    2023$1,578 +16.2%$128,500 +16.2%
    2022$1,359 +26.1%$110,600 +26.1%
    2021$1,077 +2.4%$87,700 -2.4%
    2020$1,052 +951.8%$89,900 +86.5%
    2019$100 +100%$48,200 +3%
    2018$50 +100%$46,800 +3.1%
    2017$25 -94.7%$45,400
    2016$474 $45,400
    2015$474 $45,400
    2014$474 $45,400
    Find assessor info on the county website

    Neighborhood: 96740

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    $183,400
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    With Zillow Showcase(estimated)

    $187,068

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $183,400
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    +$3,668
    With Zillow Showcase(estimated)

    $187,068

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