Kalanikai 303 offers a rare combination of ocean proximity, thoughtful renovation, established short-term rental income, and a highly walkable location in Kailua-Kona. Set on the top floor of a concrete building surrounded by mature tropical landscaping, this 753-square-foot, one-bedroom, one-bath residence is positioned to capture natural light, cooling trade winds, and views across Kona town to the Pacific.
The unit underwent extensive updates before being operated as a vacation rental in 2022, resulting in an interior that feels both polished and comfortable. The kitchen features quartzite countertops, custom cabinetry, a subway tile backsplash, pendant lighting, and newer appliances. In the bath, golden moon granite, updated lighting, a deep soaking tub, and generous closet space add an elevated finish. The living area flows directly to the covered lanai, an inviting spot to enjoy peek-a-boo ocean views, tropical surroundings, and Kona sunsets.
The condo is equipped for both full-time living and vacation use, with a full-size front-loading washer and dryer, abundant storage, air conditioning in the living room, and ceiling fans throughout. Most furnishings, linens, and guest amenities are included, providing the next owner with the flexibility to continue the existing rental operation or enjoy the residence as a personal Kona retreat.
Monthly maintenance fees include solar-generated electricity, water, Wi-Fi, cable, landscaping, resident manager services, exterior maintenance, sewer, refuse, and use of the community pool and BBQ area. The property is pet-friendly with board approval for one dog under 25 pounds or up to two cats.
From Kalanikai, Kailua Pier, Kamakahonu Beach, the farmers market, Aliʻi Drive restaurants, shops, and the heart of historic Kailua Village are all within easy reach. Whether used as a vacation rental, a convenient Kona home base, or a combination of both, Kalanikai 303 is ready to enjoy from day one.
For sale
$499,000
75-5681 Kuakini Hwy APT 303, Kailua Kona, HI 96740
1beds
753sqft
Condominium
Built in 1974
-- sqft lot
$481,600 Zestimate®
$663/sqft
$765/mo HOA
What's special
Peek-a-boo ocean viewsBbq areaCommunity poolKona sunsetsTropical surroundingsCeiling fans throughoutUpdated lighting
- 13 days
- 295
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Penn Henderson 8083456214,
COMPASS,
Gretchen Burgess 949-244-3480,
COMPASS
Source: Hawaii Information Service,MLS#: 732493
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Dishwasher, Disposal, Microwave Hood, Range, Refrigerator
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 753
- Total interior livable area: 753 sqft
Property
Parking
- Parking features: Assigned
Features
- Pool features: In Ground
- Fencing: Stone
- Has view: Yes
- View description: City, Garden, Ocean, Sunset
- Has water view: Yes
- Water view: Ocean
Lot
- Topography: Gentle Slope
Details
- Parcel number: 3750040200047
- Zoning: V-1.25
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1974
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
Community & HOA
Community
- Subdivision: LANIHAU 1ST - HIENALOLI 1ST
HOA
- Has HOA: Yes
- HOA fee: $765 monthly
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $663/sqft
- Tax assessed value: $387,700
- Annual tax amount: $4,762
- Date on market: 8/17/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: CPR
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$481,600
$458,000 - $506,000
$2,158/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $499,000+6.2%$663/sqft |
Source: | ||
| 1/19/2022 | Sold | $470,000+9.6%$624/sqft |
Source: | ||
| 12/18/2021 | Contingent | $429,000$570/sqft |
Source: | ||
| 12/14/2021 | Listed for sale | $429,000+232.6%$570/sqft |
Source: | ||
| 12/13/2002 | Sold | $129,000$171/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2014 | $214 | $92,500 +3% |
| 2013 | $214 +9.8% | $89,800 |
| 2012 | $195 -1.6% | $89,800 -5.1% |
| 2011 | $198 -41.5% | $94,600 -7.4% |
| 2010 | $339 +1% | $102,200 -18.6% |
| 2009 | $335 +10.6% | $125,500 +3% |
| 2008 | $303 | $121,800 +3% |
| 2007 | $303 -27.8% | $118,200 +3% |
| 2006 | $420 | $114,800 +3% |
| 2005 | $420 | $111,500 |
Find assessor info on the county website
Monthly payment
Est. payment







