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.
For sale
$129,000
74-5618 Palani Rd APT M3, Kailua Kona, HI 96740
1beds
535sqft
Condominium
Built in 1969
-- sqft lot
$154,200 Zestimate®
$241/sqft
$625/mo HOA
What's special
- 4 days
- 166
- 17
Zillow last checked:
Listing updated:
Listed by:
Rebecca Clancy 8089900437,
Hawaii Real Estate Group LLC
Source: Hawaii Information Service,MLS#: 734598
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
| Date | Event | Price |
|---|---|---|
| 10/30/2026 | Listed for sale | $129,000-41.4%$241/sqft |
Source: | ||
| 8/20/2019 | Sold | $220,000+69.2%$411/sqft |
Source: | ||
| 7/19/2019 | Pending sale | $129,999$243/sqft |
Source: Elite Pacific Properties LLC #629617 Report a problem | ||
| 7/2/2019 | Listed for sale | $129,999+73.3%$243/sqft |
Source: Elite Pacific Properties LLC - Waikoloa #629617 Report a problem | ||
| 4/10/2018 | Sold | $75,000-6.1%$140/sqft |
Source: | ||
| 3/16/2018 | Pending sale | $79,900$149/sqft |
Source: Clark Realty Corporation #615666 Report a problem | ||
| 3/3/2018 | Listed for sale | $79,900+299.5%$149/sqft |
Source: Clark Realty Corporation - Kona #615666 Report a problem | ||
| 8/31/2016 | Sold | $20,000$37/sqft |
Source: Public Record Report a problem | ||
| 5/4/2011 | Sold | $20,000-90.2%$37/sqft |
Source: Public Record Report a problem | ||
| 6/16/2010 | Sold | $205,000+70.8%$383/sqft |
Source: Public Record Report a problem | ||
| 9/28/2007 | Sold | $120,000$224/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







