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For sale
  • Price cut: $360K (8/11)
    $4,990,000

    75-5506 Kona Bay Dr, Kailua Kona, HI 96740

    4beds
    3,490sqft
    : 
    $33,597/mo
    Get pre-qualified
    Single Family Residence
    Built in 1995
    0.28 Acres Lot
    $4,709,000 Zestimate®
    $1,430/sqft
    $1,000/mo HOA

    What's special

    Open-concept layoutPrivate sandy beach areaDirect shoreline accessCentral courtyardDesigned for indoor-outdoor livingTwo air-conditioned walk-in closets
    This oceanfront four-bedroom, four-bathroom residence within Kona Bay Estates offers 3,490 sq ft of interior living space on a 12,020 sq ft parcel. Designed by Lucky Bennett, the home reflects a deliberate alignment of architecture, climate, and coastline within a guard-gated community with 24-hour security, direct shoreline access, and proximity to Kailua Pier, Ali‘i Drive, and a nearby community park with pickleball courts. Set along a coastline historically associated with the Royal Compound of King Kamehameha I, the property is grounded in both cultural and geographic continuity. Just steps away, Keiki Beach/Queen Bath provides rare sandy, swimmable access. This oceanfront enclave includes only eight homes with direct sandy beach frontage, and the property features its own private sandy beach area. Designed for indoor-outdoor living, the open-concept layout allows a seamless transition between interior and covered lanais, where the two merge fluidly. The orientation captures both sunrise and sunset year-round, with expansive ocean views from the main living areas and multiple bedrooms. A true oceanfront dining area sits directly along the coastline. The home is arranged across multiple levels to maximize airflow, views, and natural light. A central courtyard anchors the design, featuring a shaded pool positioned beneath the main living structure, creating a naturally cooled environment that contrasts with the open ocean exposure. Interior features include koa wood cabinetry in the kitchen and bathrooms, and a primary suite with central air conditioning and two air-conditioned walk-in closets. Additional living spaces support flexible use and gatherings, with a layout designed for connection and flow. The oceanfront setting provides ongoing visibility of marine life, with whales and dolphins frequently observed offshore, integrated into the daily coastal experience.
    114 days
    2,890
    190

    Zillow last checked:

    Listing updated:

    Listed by:

    Sharon Brown 8089374349,

    COMPASS,

    Daisuke 'Kai' Ioh 808-936-6148,

    COMPASS

    Source: Hawaii Information Service,MLS#: 729953MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Central Vacuum, Vaulted Ceiling(s), Wet Bar
      • Windows: Shutters
      • Has fireplace: No
      Interior area
      • Total structure area: 3,490
      • Total interior livable area: 3,490 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Detached
      Features
      • Pool features: Gunite, Heated
      • Has view: Yes
      • View description: Coastline, Mountain(s), Ocean, Ocean Horizon, Sunset
      • Has water view: Yes
      • Water view: Ocean
      • Frontage type: Sandy Beach
      Lot
      • Size: 0.28 Acres
      • Topography: Level
      Details
      • Parcel number: 3750050190000
      • Zoning: RS-15
      • Special conditions: Fee Simple,Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1995

      Utilities & green energy

      • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities

      Community & HOA

      Community
      • Security: Gated Community, Security Guard, Security Patrol
      • Subdivision: KONA BAY ESTATES
      HOA
      • Has HOA: Yes
      • HOA fee: $1,000 monthly
      Location
      • Region: Kailua Kona

      Financial & listing details

      • Price per square foot: $1,430/sqft
      • Tax assessed value: $3,991,200
      • Annual tax amount: $49,280
      • Date on market: 5/11/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Ownership: Full
      • Electric utility on property: Yes

        Estimated market value

        $4,709,000

        $4.47M - $4.94M

        $7,566/mo

        Price history

        DateEventPrice
        8/11/2026Price change$4,990,000-6.7%$1,430/sqft
        Source: Hawaii Information Service #729953 Report a problem
        5/11/2026Listed for sale$5,350,000+78.3%$1,533/sqft
        Source: Hawaii Information Service #729953 Report a problem
        1/11/2016Sold$3,000,000+0%$860/sqft
        Source: Hawaii Information Service #262144 Report a problem
        12/15/2015Pending sale$2,999,000$859/sqft
        Source: MacArthur #262144 Report a problem
        11/17/2015Price change$2,999,000-6.3%$859/sqft
        Source: MacArthur Sotheby's International Realty #262144 Report a problem
        12/31/2014Price change$3,199,000-8.6%$917/sqft
        Source: MacArthur Sotheby's International Realty #262144 Report a problem
        9/18/2013Price change$3,499,000-5.4%$1,003/sqft
        Source: MacArthur Sotheby's International Realty #262144 Report a problem
        3/26/2013Listed for sale$3,700,000+100%$1,060/sqft
        Source: MacArthur and Company Sotheby's International Realty #262144 Report a problem
        5/13/1999Sold$1,850,000+12.1%$530/sqft
        Source: Public Record Report a problem
        12/14/1998Sold$1,650,000$473/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $3,991,200 +11.9%
        2024$43,515 +5.8%$3,567,300 +5.2%
        2023$41,114 +3%$3,390,700 +2.6%
        2022$39,928 +13.1%$3,303,500 +11.5%
        2021$35,308 +10.4%$2,963,800 +2.3%
        2020$31,995 -2.8%$2,896,900 -2.3%
        2019$32,918 +7.4%$2,965,600 +5.4%
        2018$30,639 $2,813,200 +1.9%
        2017-- $2,760,300 +2.8%
        2016-- $2,686,000 +13.2%
        2015-- $2,372,000 +0.9%
        2014-- $2,350,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 96740

        Getting around

        41 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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