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For sale
  • Price cut: $5K (6/28)
    $134,500

    74-5618 Palani Rd APT M6, Kailua Kona, HI 96740

    1beds
    535sqft
    : 
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    Condominium
    Built in 1969
    -- sqft lot
    $128,600 Zestimate®
    $251/sqft
    $625/mo HOA

    What's special

    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.
    44 days
    |
    1,108
    |
    37
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Clancy 8089900437,

    Hawaii Real Estate Group LLC

    Source: Hawaii Information Service,MLS#: 730805MLS Logo

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      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: $251/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

        $128,600

        $122,000 - $135,000

        $2,150/mo

        Price history

        DateEventPrice
        6/28/2026Price change$134,500-3.6%$251/sqft
        Source: Hawaii Information Service #730805 Report a problem
        6/16/2026Price change$139,500-6.7%$261/sqft
        Source: Hawaii Information Service #730805 Report a problem
        5/29/2026Listed for sale$149,500-16.7%$279/sqft
        Source: Hawaii Information Service #730805 Report a problem
        8/13/2025Listing removed$179,500$336/sqft
        Source: Hawaii Information Service #713251 Report a problem
        8/11/2024Listed for sale$179,500+43.6%$336/sqft
        Source: Hawaii Information Service #713251 Report a problem
        7/7/2022Sold$125,000-3.8%$234/sqft
        Source: Hawaii Information Service #661494 Report a problem
        5/23/2022Contingent$130,000$243/sqft
        Source: Hawaii Information Service #661494 Report a problem
        5/18/2022Listed for sale$130,000+209.5%$243/sqft
        Source: Hawaii Information Service #661494 Report a problem
        3/15/2017Sold$42,000-4.5%$79/sqft
        Source: Hawaii Information Service #604616 Report a problem
        3/2/2017Listed for sale$44,000$82/sqft
        Source: Kona Real Estate Management #604616 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        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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