78-6649 Alii Dr, Kailua Kona, HI 96740

Rare opportunity to acquire a turnkey, multi-unit income property on three contiguous resort-zoned parcels (V-1.25) across from Kahaluu Beach Park. This cohesive surf-inspired compound operates as both short-term rental (STVR) and long-term residential, with immediate expansion potential. The Portfolio: Kahaluu Surf Boutique: Four-unit apartment building (4,348 sqft) fronting Alii Drive Kahaluu Surf Lodge: 2bed/2bath main house (upstairs), 1bed/1bath downstairs unit, and a separate owner’s studio. Expansion lot: Vacant 4,648 sqft parcel (easement access) for parking, pool, or additional structures All three parcels are resort-zoned, allowing exceptional flexibility for hospitality operations, short-term rentals, and future development. Consistent, beach-forward design creates a unified guest and tenant experience. Positioned near one of Kona's premier snorkel and surf destinations. Strong performing asset with significant upside through operational optimization, brand development, and expansion. Rare zoning and contiguous ownership represent long-term appreciation potential. PARCEL DATA: TMK 3-7-8-14-10: 4,348 sf (Apartments) TMK 3-7-8-14-9: 10,125 sf (Lodge) TMK 3-7-8-14-20: 4,648 sf (Vacant/Expansion) Zoning: V-1.25 Resort-Hotel District