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For sale
  • $149,000

    74-5618 Palani Rd APT L1, Kailua Kona, HI 96740

    1beds
    515sqft
    : 
    $1,698/mo
    Get pre-qualified
    Condominium
    Built in 1969
    -- sqft lot
    $142,800 Zestimate®
    $289/sqft
    $625/mo HOA

    What's special

    Ground-floor end-unit condominium
    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.
    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#: 734075MLS Logo

      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

        DateEventPrice
        10/13/2026Listed for sale$149,000+14.6%$289/sqft
        Source: Hawaii Information Service #734075 Report a problem
        8/23/2023Sold$130,000-3.7%$252/sqft
        Source: Hawaii Information Service #670509 Report a problem
        7/26/2023Listed for sale$135,000-10%$262/sqft
        Source: Hawaii Information Service #670509 Report a problem
        12/15/2022Listing removed$150,000$291/sqft
        Source: Hawaii Information Service #665394 Report a problem
        9/26/2022Listed for sale$150,000+114.3%$291/sqft
        Source: Hawaii Information Service #665394 Report a problem
        11/26/2018Sold$70,000+0%$136/sqft
        Source: Hawaii Information Service #621790 Report a problem
        10/9/2018Price change$69,999-4.1%$136/sqft
        Source: Kona Real Estate Management #621790 Report a problem
        9/28/2018Listed for sale$72,999$142/sqft
        Source: Kona Real Estate Management #621790 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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