This is a leasehold property.
Enjoy convenient island living in this desirable ground-floor end-unit condominium, ideally located in the heart of Kona. With minimal stairs to the entrance, added privacy from its end-unit location, and parking conveniently located near the front door, this property offers a comfortable and practical setup for full-time living, a second home, or rental use.
The ground-floor location provides easy access with only a few steps to the front door—especially convenient for bringing in groceries, luggage, or beach gear. As an end unit, the condominium also enjoys a more private setting with fewer neighboring units.
Location is one of this property's greatest assets. You're just minutes from the ocean and Kona's beaches, while shopping, restaurants, banking, medical services, and other everyday conveniences are all close by. Whether you're heading to the beach, out for dinner, or simply running errands, everything you need is within easy reach.
The property has previously been used for mid-term rentals, typically accommodating tenants for one to three months at a time, offering flexibility for an owner who may wish to continue rental use while also enjoying the property themselves.
The sale includes one assigned parking space conveniently located near the unit.
Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required.
Whether you're looking for a conveniently located Kona residence, an island getaway, or a property with flexible rental potential, this ground-floor end unit offers an appealing combination of accessibility, privacy, and an excellent in-town location.
For sale
$149,000
74-5618 Palani Rd APT L1, Kailua Kona, HI 96740
1beds
515sqft
Condominium
Built in 1969
-- sqft lot
$142,800 Zestimate®
$289/sqft
$625/mo HOA
What's special
Ground-floor end-unit condominium
- 21 days
- 260
- 26
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#: 734075
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 515
- Total interior livable area: 515 sqft
Property
Parking
- Parking features: Assigned
Details
- Parcel number: 3740100360080
- 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: $625 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $94,900
- Annual tax amount: $1,084
- Date on market: 10/12/2026
- Listing terms: Cash
- Ownership: CPR
- Electric utility on property: Yes
Estimated market value
$142,800
$136,000 - $150,000
$2,193/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $149,000+14.6%$289/sqft |
Source: | ||
| 8/23/2023 | Sold | $130,000-3.7%$252/sqft |
Source: | ||
| 7/26/2023 | Listed for sale | $135,000-10%$262/sqft |
Source: | ||
| 12/15/2022 | Listing removed | $150,000$291/sqft |
Source: | ||
| 9/26/2022 | Listed for sale | $150,000+114.3%$291/sqft |
Source: | ||
| 11/26/2018 | Sold | $70,000+0%$136/sqft |
Source: | ||
| 10/9/2018 | Price change | $69,999-4.1%$136/sqft |
Source: Kona Real Estate Management #621790 Report a problem | ||
| 9/28/2018 | Listed for sale | $72,999$142/sqft |
Source: Kona Real Estate Management #621790 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,632 +5.2% | $132,900 +5.2% |
| 2024 | $1,551 +10.3% | $126,300 +10.3% |
| 2023 | $1,406 +16.4% | $114,500 +16.4% |
| 2022 | $1,209 +26.7% | $98,400 +26.6% |
| 2021 | $954 +2.5% | $77,700 -2.4% |
| 2020 | $931 +28.8% | $79,600 +35.1% |
| 2019 | $723 +49.5% | $58,900 +34.8% |
| 2018 | $484 +7.4% | $43,700 +10.9% |
| 2017 | $450 +9.6% | $39,400 |
| 2016 | $411 | $39,400 |
| 2015 | $411 | $39,400 |
| 2014 | $411 | $39,400 |
Find assessor info on the county website
Monthly payment
Est. payment







