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For sale
  • $129,000

    74-5618 Palani Rd APT M3, Kailua Kona, HI 96740

    1beds
    535sqft
    : 
    $1,554/mo
    Get pre-qualified
    Condominium
    Built in 1969
    -- sqft lot
    $154,200 Zestimate®
    $241/sqft
    $625/mo HOA

    What's special

    This is a leasehold property. Discover an exceptional opportunity to own a beautifully upgraded, income-producing condominium in the heart of Kona! This stylishly furnished vacation rental has a proven track record of success, consistently generating approximately $57,000 in annual gross rental revenue. With upgraded flooring, attractive furnishings included in the sale, and an established short-term rental history, this property offers an appealing combination of comfort, convenience, and investment potential. This inviting condominium offers a welcoming tropical retreat for owners and guests alike. The included furnishings make this an attractive turnkey opportunity for buyers looking to continue its successful rental operation. Location is one of this property's greatest assets. Situated in the heart of Kona, you're just minutes from the ocean, beaches, restaurants, shopping, banking, and everyday conveniences. Guests appreciate the central location, with easy access to Kona's beautiful coastline, spectacular sunsets, and popular attractions. This highly desirable setting has helped contribute to the property's consistent rental performance. The sale includes one assigned parking space, providing added convenience for owners and guests. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Rental income figures are historical gross revenues and are not a guarantee of future performance. Whether you're looking to expand your vacation rental portfolio or enjoy your own tropical getaway with established income potential, this upgraded, fully furnished Kona condominium offers an outstanding combination of location, style, and proven rental performance.
    4 days
    166
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Clancy 8089900437,

    Hawaii Real Estate Group LLC

    Source: Hawaii Information Service,MLS#: 734598MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Microwave, Range, Refrigerator
      Features
      • Flooring: Ceramic Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 535
      • Total interior livable area: 535 sqft

      Property

      Parking
      • Parking features: Assigned
      Details
      • Parcel number: 3740100360090
      • 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: Cable Available, Electricity Available, Phone 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: $241/sqft
      • Tax assessed value: $96,200
      • Annual tax amount: $1,181
      • Date on market: 10/29/2026
      • Listing terms: Cash
      • Ownership: CPR
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $154,200

        $133,000 - $177,000

        $2,212/mo

        Price history

        DateEventPrice
        10/30/2026Listed for sale$129,000-41.4%$241/sqft
        Source: Hawaii Information Service #734598 Report a problem
        8/20/2019Sold$220,000+69.2%$411/sqft
        Source: Hawaii Information Service #629617 Report a problem
        7/19/2019Pending sale$129,999$243/sqft
        Source: Elite Pacific Properties LLC #629617 Report a problem
        7/2/2019Listed for sale$129,999+73.3%$243/sqft
        Source: Elite Pacific Properties LLC - Waikoloa #629617 Report a problem
        4/10/2018Sold$75,000-6.1%$140/sqft
        Source: Hawaii Information Service #615666 Report a problem
        3/16/2018Pending sale$79,900$149/sqft
        Source: Clark Realty Corporation #615666 Report a problem
        3/3/2018Listed for sale$79,900+299.5%$149/sqft
        Source: Clark Realty Corporation - Kona #615666 Report a problem
        8/31/2016Sold$20,000$37/sqft
        Source: Public Record Report a problem
        5/4/2011Sold$20,000-90.2%$37/sqft
        Source: Public Record Report a problem
        6/16/2010Sold$205,000+70.8%$383/sqft
        Source: Public Record Report a problem
        9/28/2007Sold$120,000$224/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,230 +105.1%$134,800 +5.1%
        2024$1,575 +10.1%$128,200 +10.1%
        2023$1,430 +16.5%$116,400 +16.5%
        2022$1,227 +26.6%$99,900 +26.6%
        2021$969 +2.5%$78,900 -2.4%
        2020$945 +29%$80,800 +35.3%
        2019$733 +50%$59,700 +35.1%
        2018$489 +7.4%$44,200 +11.1%
        2017$455 +9.6%$39,800
        2016$415 $39,800
        2015$415 $39,800
        2014$415 $39,800
        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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