75-5976 Alii Dr, Kailua Kona, HI 96740

Ali‘i Hale is a rare oceanfront four-bedroom, four-bath residence on Alii Drive, offering true front-row coastal living in the heart of Kailua-Kona. This successful short-term vacation rental features 2,518 sq ft of interior space and 833 sq ft of covered lanai, oriented to capture panoramic ocean views, sunsets, surfers, paddlers, and seasonal whale activity. A portion of the home sits directly over the ocean, delivering an authentic shoreline experience rarely available under $2 million on the Kona Coast. Expansive lanais on three levels create exceptional indoor-outdoor living and multiple viewing areas. Open the doors, enjoy steady trade winds, and fall asleep to the sound of surf. The home has been well cared for and is turnkey, with updated bathrooms in 24 and the kitchen in 21, a freshly painted exterior, and consistent maintenance. Generous square footage and multiple bedrooms support strong rental performance and flexible use. Located minutes from town, beaches, dining, and shopping, this prime setting allows walkability and immediate access to Kona’s best amenities. Why this property will sell: True oceanfront location; portion of home over water; rare price point for single-family oceanfront; strong vacation rental history; expansive lanais; prime in-town location; large floor plan; turnkey condition. Buyer Confidence Statement: In today’s market, informed buyers prioritize scarcity, income flexibility, and long-term value. This property offers irreplaceable oceanfront positioning, documented rental performance, and transparent condition, supporting stability across market cycles. Ideal for: buyers seeking authentic oceanfront living, rental income potential, and prime Kona proximity. Best suited for buyers comfortable with: coastal maintenance, salt-air exposure, no air conditioning, and limited parking. One assigned parking space. Offered furnished with select exclusions.