This is a leasehold property. This popular short-term rental is close to the ocean and the Kona Pier and is a favorite for guests that want to walk instead of drive.
County of Hawaii STVR permit is active for the current owner this condo.
Short-term rentals, long-term rentals, and pets are allowed at Kona Kai. STVR permits are available via the County of Hawaii.
OFFERS MUST BE CASH due to the leasehold status. Quick close is available.
The leasehold payments are shown monthly at $323 and are paid every 6 months to the Queen Liliuokalani Trust. The $515.73 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.
Sold for $130,000
$130,000
74-5618 Palani Rd APT L1, Kailua Kona, HI 96740
1beds
515sqft
Condominium
Built in 1969
-- sqft lot
$118,500 Zestimate®
$252/sqft
$2,136 Estimated rent
Home value
$118,500
$103,000 - $135,000
$2,136/mo
Zestimate® history
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List your homeWhat's special
Gas for cookingCommon area insuranceClose to the ocean
Zillow last checked:
Listing updated:
Listed by:
Rebecca Clancy 8089900437,
Hawaii Real Estate Group LLC
Bought with:
Rebecca Clancy, RB-22167
Hawaii Real Estate Group LLC
Source: Hawaii Information Service,MLS#: 670509
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Microwave, Range, Refrigerator
Features
- Flooring: Carpet
- Has fireplace: No
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 515
- Total interior livable area: 515 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Two
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 & neighborhood
Location
- Region: Kailua Kona
- Subdivision: KONA INDUSTRIAL SUBDIVISION
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $516 monthly
Other
Other facts
- Listing terms: Cash
- Ownership: CPR
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2023 | Sold | $130,000-3.7%$252/sqft |
Source:  Hawaii Information Service #670509 Report a problem | ||
| 7/26/2023 | Listed for sale | $135,000-10%$262/sqft |
Source: Hawaii Information Service #670509 Report a problem | ||
| 12/15/2022 | Listing removed | $150,000$291/sqft |
Source: Hawaii Information Service #665394 Report a problem | ||
| 9/26/2022 | Listed for sale | $150,000+114.3%$291/sqft |
Source: Hawaii Information Service #665394 Report a problem | ||
| 11/26/2018 | Sold | $70,000+0%$136/sqft |
Source: Hawaii Information Service #621790 Report a problem | ||
| 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 | -- | $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
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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$118,500
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- Hawaii
- Hawaii County
- Kailua Kona
- 96740
- 74-5618 Palani Rd Apartment L1
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