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Sold for $120,000
  • Zestimate®
    $120,000

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

    1beds
    535sqft
    Condominium
    Built in 1969
    -- sqft lot
    $120,000 Zestimate®
    $224/sqft
    $2,212 Estimated rent

    Home value

    $120,000

    $110,000 - $131,000

    $2,212/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Clancy 8089900437,

    Hawaii Real Estate Group LLC

    Bought with:

    Tara Baker, RS-86340

    Salt Water Real Estate LLC

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

    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: $224/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

    Price history

    DateEventPrice
    10/27/2026Sold$120,000-7%$224/sqft
    Source: Hawaii Information Service #730805 Report a problem
    7/23/2026Price change$129,000-4.1%$241/sqft
    Source: Hawaii Information Service #730805 Report a problem
    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$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

    Neighborhood: 96740

    Nearby schools

    GreatSchools rating
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    With Zillow Showcase(estimated)

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