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.
For sale
Price cut: $360K (8/11)
$4,990,000
75-5506 Kona Bay Dr, Kailua Kona, HI 96740
4beds
3,490sqft
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
- 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#: 729953
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
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Price change | $4,990,000-6.7%$1,430/sqft |
Source: | ||
| 5/11/2026 | Listed for sale | $5,350,000+78.3%$1,533/sqft |
Source: | ||
| 1/11/2016 | Sold | $3,000,000+0%$860/sqft |
Source: | ||
| 12/15/2015 | Pending sale | $2,999,000$859/sqft |
Source: MacArthur #262144 Report a problem | ||
| 11/17/2015 | Price change | $2,999,000-6.3%$859/sqft |
Source: MacArthur Sotheby's International Realty #262144 Report a problem | ||
| 12/31/2014 | Price change | $3,199,000-8.6%$917/sqft |
Source: MacArthur Sotheby's International Realty #262144 Report a problem | ||
| 9/18/2013 | Price change | $3,499,000-5.4%$1,003/sqft |
Source: MacArthur Sotheby's International Realty #262144 Report a problem | ||
| 3/26/2013 | Listed for sale | $3,700,000+100%$1,060/sqft |
Source: MacArthur and Company Sotheby's International Realty #262144 Report a problem | ||
| 5/13/1999 | Sold | $1,850,000+12.1%$530/sqft |
Source: Public Record Report a problem | ||
| 12/14/1998 | Sold | $1,650,000$473/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





