For sale

Price cut: $55K (8/5)

$1,595,000

75-5888 Alii Dr APT D38, Kailua Kona, HI 96740

2beds

1,120sqft

$11,801/mo

Get pre-qualified

Condominium

Built in 1980

-- sqft lot

$1,517,700 Zestimate^®

$1,424/sqft

$1,737/mo HOA

What's special

Top floor penthouseLargest floor plan available

Rare 2 bedroom top floor penthouse at Kona Reef with the largest floor plan available. There are only 4 of the large floor plans in the complex, and this is the only one on the top floor. Breathtaking views of the ocean and coastline with AC mini split in the living areas as well as both bedrooms. There is also a wall AC unit as a backup. This unit is a busy STVR with a terrific rental history and future reservations to be honored. Fully furnished with higher end appliances. The Kona Reef is a popular vacation rental destination with it's close proximity to town. 2 bedroom units rarely are on the market, dont miss this one. Showing can only be done between rental check outs and check ins.

120 days
241
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Zoned

Cooling

Air Conditioning, Wall/Window Unit(s), Zoned

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

Features

Flooring: Carpet, Ceramic Tile, Laminate
Windows: Blinds
Has fireplace: No
Common walls with other units/homes: End Unit

Interior area

Total structure area: 1,120
Total interior livable area: 1,120 sqft

Property

Parking

Parking features: Covered, Unassigned

Features

Pool features: Gunite, Heated, In Ground, Outdoor Pool, Pool/Spa Combo, Tile
Has spa: Yes
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Ocean Front
Frontage type: Almost Oceanfront

Details

Parcel number: 3750180710100
Zoning: V-.75
Special conditions: Fee Simple,Standard

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete

Condition

Year built: 1980

Utilities & green energy

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

Community & HOA

Community

Security: Closed Circuit Camera(s), Security Patrol

HOA

Has HOA: Yes
HOA fee: $1,737 monthly

Location

Region: Kailua Kona

Financial & listing details

Price per square foot: $1,424/sqft
Tax assessed value: $1,203,300
Annual tax amount: $14,078
Date on market: 5/2/2026
Listing terms: 1031 Exchange,Cash,Conventional
Ownership: CPR
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$1,517,700

$1.44M - $1.59M

$2,726/mo

Price history

Date	Event	Price
8/5/2026	Price change	$1,595,000-3.3%$1,424/sqft
Source: Hawaii Information Service #730104 Report a problem
5/2/2026	Listed for sale	$1,650,000+120%$1,473/sqft
Source: Hawaii Information Service #730104 Report a problem
11/13/2013	Listing removed	$750,000$670/sqft
Source: Kona Resort Properties- "Resort to the Best" #262568 Report a problem
9/25/2013	Price change	$750,000+44.2%$670/sqft
Source: Kona Resort Properties- "Resort to the Best" #262568 Report a problem
4/5/2013	Listed for sale	$519,999-11.7%$464/sqft
Source: Kona Resort Properties- "Resort to the Best" #262568 Report a problem
6/9/2012	Listing removed	$589,000$526/sqft
Source: Windermere/ C and H Properties #250532 Report a problem
1/26/2012	Price change	$589,000+24%$526/sqft
Source: Windermere/ C and H Properties #250532 Report a problem
12/25/2011	Listed for sale	$475,000$424/sqft
Source: Windermere/ C and H Properties #250532 Report a problem