Lono - Kona Subdivision Homes with City View

Welcome to the enchanting Lono - Kona Subdivision, nestled in the heart of Kailua Kona, Hawaii. This picturesque neighborhood offers a perfect blend of natural beauty and modern conveniences, making it an ideal location for anyone looking to embrace the spirit of island living.

Lono - Kona Subdivision is renowned for its stunning homes that boast breathtaking city views. As you stroll through the community, you'll be captivated by the panoramic vistas that stretch across Kailua Kona and the sparkling Pacific Ocean. Each home is thoughtfully designed to maximize these views, allowing residents to enjoy mesmerizing sunsets and the twinkling city lights from the comfort of their living rooms or expansive lanais.

The neighborhood itself is a vibrant tapestry of friendly residents, lush landscaping, and well-maintained streets. With a strong sense of community, Lono - Kona Subdivision is perfect for families, retirees, and anyone in between. Enjoy leisurely walks in the nearby parks, take advantage of the local farmer’s markets, or explore the charming shops and restaurants that Kailua Kona has to offer.

For those who appreciate outdoor activities, the area is a paradise for adventurers. From world-class snorkeling and surfing to hiking along scenic trails, there’s never a shortage of things to do. The warm, sunny climate further enhances the allure of living in this beautiful subdivision.

In Lono - Kona Subdivision, you’ll find not just a home, but a lifestyle enriched by the beauty of Hawaii. Come and discover your dream home with a view that will take your breath away!

Newest Lono - Kona Subdivision Homes with City View

$8,875,000

20 Beds ⋅ 25 Baths ⋅ 730091 MLS ⋅ ['Fee Simple'] Tenure

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime is available.

75-5749 Alahou St Unit 25, KAILUA KONA

Listing courtesy of Pacific Realty Organization LLC.

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