This is a leasehold property.
Kona Kai 1 bedroom/ 1 bathroom with modern kitchen & comfy floor plan on the first floor. Central and near to most downtown Kona attractions. Located right in the heart of Kailua-Kona, this premier location puts you within a short distance to shopping, dining, nightlife, & a nearby bowling alley for a game or two.
For beach and ocean lovers, Kamakahonu Beach and Kailua Bay are just a short distance away, offering tropical waters for all your favorite water activities.
Building J is ideally located on the north edge of the property. The amenities include a swimming pool with shaded seating areas, shaded benches for BBQs or small gatherings, a well kept laundry room, mailboxes, and surrounded by tropical landscaping throughout the complex.
Kona Kai is conforming for short term vacation rentals and is a pet friendly complex.
Sold for $97,000
$97,000
74-5618 Palani Rd APT J5, Kailua Kona, HI 96740
1beds
515sqft
Condominium
Built in 1969
-- sqft lot
$95,300 Zestimate®
$188/sqft
$2,136 Estimated rent
Home value
$95,300
$82,000 - $112,000
$2,136/mo
Zestimate® history
Owner options
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$2,136/mo
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$2,136/mo
Rent Zestimate®
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$1,137/mo
Est. payment
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$1,137/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Heidi White 8088954304,
Pacific Image Properties
Bought with:
Virginia R Dixon, RB-22144
KW Big Island
Source: Hawaii Information Service,MLS#: 721543
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Range
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 515
- Total interior livable area: 515 sqft
Property
Parking
- Parking features: Deeded
Features
- Pool features: In Ground, Plaster
- Fencing: Wire
- Has view: Yes
- View description: Mountain(s)
Lot
- Topography: Gentle Slope
Details
- Parcel number: 3740100360070
- 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
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
Community & neighborhood
Location
- Region: Kailua Kona
- Subdivision: KONA INDUSTRIAL SUBDIVISION
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $704 monthly
Other
Other facts
- Listing terms: 1031 Exchange,Cash
- Ownership: CPR
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $97,000-7.6%$188/sqft |
Source:  Hawaii Information Service #721543 Report a problem | ||
| 8/22/2025 | Pending sale | $105,000$204/sqft |
Source: Hawaii Information Service #721543 Report a problem | ||
| 7/28/2025 | Contingent | $105,000$204/sqft |
Source: Hawaii Information Service #721543 Report a problem | ||
| 7/24/2025 | Price change | $105,000-4.5%$204/sqft |
Source: Hawaii Information Service #721543 Report a problem | ||
| 6/17/2025 | Listed for sale | $110,000$214/sqft |
Source: Hawaii Information Service #721543 Report a problem | ||
| 5/1/2025 | Listing removed | $110,000$214/sqft |
Source: Hawaii Information Service #716635 Report a problem | ||
| 3/13/2025 | Price change | $110,000-15.4%$214/sqft |
Source: Hawaii Information Service #716635 Report a problem | ||
| 1/26/2025 | Price change | $130,000-7.1%$252/sqft |
Source: Hawaii Information Service #716635 Report a problem | ||
| 12/24/2024 | Listed for sale | $140,000$272/sqft |
Source: Hawaii Information Service #716635 Report a problem | ||
| 1/31/2005 | Sold | $140,000+33.3%$272/sqft |
Source: Public Record Report a problem | ||
| 7/15/2004 | Sold | $105,000+228.1%$204/sqft |
Source: Public Record Report a problem | ||
| 1/26/2001 | Sold | $32,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $109,300 |
| 2024 | $244 -3% | $109,300 |
| 2023 | $252 -78.2% | $109,300 +16.3% |
| 2022 | $1,155 +26.2% | $94,000 +26.2% |
| 2021 | $915 +2.5% | $74,500 -2.4% |
| 2020 | $893 +28.2% | $76,300 +34.6% |
| 2019 | $696 +48.4% | $56,700 +34% |
| 2018 | $469 +7.4% | $42,300 +10.7% |
| 2017 | $437 +9.6% | $38,200 |
| 2016 | $398 | $38,200 |
| 2015 | $398 | $38,200 |
| 2014 | $398 | $38,200 |
Find assessor info on the county website
Neighborhood: 96740
Nearby schools
GreatSchools rating
- 3/10Kealakehe Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 7/10Kealakehe Intermediate SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Kealakehe High SchoolGrades: 9-12Distance: 1.7 mi
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$95,300
2% more
+$1,906
With Zillow Showcase(estimated)
$97,206
- Hawaii
- Hawaii County
- Kailua Kona
- 96740
- 74-5618 Palani Rd Apartment J5
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