This is a leasehold property.
CASH BUYERS ONLY
Step into opportunity. Beautifully remodeled 1 bedroom, condo with courtyard views and a desirable Kona location. Currently a Popular and Profitable STVR with 2025 Gross rental income over $55,000.
KEY FEATURES:
PRIME LOCATION: Situated in the heart of Kailua-Kona, this condo offers unparalleled access to pristine beaches, vibrant nightlife, and shopping/dining options. Guests will delight in the convenience of exploring the area's top attractions within minutes.
EXQUISITE REMODEL: Meticulously redesigned with modern elegance. From sleek bamboo floors in the kitchen to designer fixtures, every detail has been carefully chosen to offer an interior space comfort, and function.
ACCOMMODATIONS: With a large bedroom, residents can unwind in comfort in the bedroom, which has a large closet and an individual air conditioner.
KITCHEN: Fully-equipped kitchen, complete with new appliances, quartz countertops, and ample cabinet space.
AMENITIES: A sparkling swimming pool, laundry center, assigned parking, and lush tropical landscaping.
Whether seeking a lucrative investment opportunity or a personal retreat, this condo offers the best of both worlds. With a proven track record as a profitable vacation rental, you can maximize your returns while enjoying the flexibility to escape to paradise whenever you desire.
For sale
Price cut: $5.5K (7/23)
$129,000
74-5618 Palani Rd APT M6, Kailua Kona, HI 96740
1beds
535sqft
Condominium
Built in 1969
-- sqft lot
$122,500 Zestimate®
$241/sqft
$625/mo HOA
What's special
- 93 days
- 643
- 37
Zillow last checked:
Listing updated:
Listed by:
Rebecca Clancy 8089900437,
Hawaii Real Estate Group LLC
Source: Hawaii Information Service,MLS#: 730805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Microwave, Range, Refrigerator
Features
- Flooring: Carpet, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 535
- Total interior livable area: 535 sqft
Property
Parking
- Parking features: Assigned
Details
- Parcel number: 3740100360093
- 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: $241/sqft
- Tax assessed value: $128,200
- Annual tax amount: $1,429
- Date on market: 5/28/2026
- Listing terms: 1031 Exchange,Cash
- Ownership: CPR
- Electric utility on property: Yes
Estimated market value
$122,500
$116,000 - $129,000
$2,150/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $129,000-4.1%$241/sqft |
Source: | ||
| 6/28/2026 | Price change | $134,500-3.6%$251/sqft |
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| 6/16/2026 | Price change | $139,500-6.7%$261/sqft |
Source: | ||
| 5/29/2026 | Listed for sale | $149,500-16.7%$279/sqft |
Source: | ||
| 8/13/2025 | Listing removed | $179,500$336/sqft |
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| 8/11/2024 | Listed for sale | $179,500+43.6%$336/sqft |
Source: | ||
| 7/7/2022 | Sold | $125,000-3.8%$234/sqft |
Source: | ||
| 5/23/2022 | Contingent | $130,000$243/sqft |
Source: | ||
| 5/18/2022 | Listed for sale | $130,000+209.5%$243/sqft |
Source: | ||
| 3/15/2017 | Sold | $42,000-4.5%$79/sqft |
Source: | ||
| 3/2/2017 | Listed for sale | $44,000$82/sqft |
Source: Kona Real Estate Management #604616 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $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






