South Kona Homes under $500,000

South Kona Homes under $500,000

Welcome to South Kona, a hidden gem on the Big Island of Hawaii, where breathtaking landscapes meet the charm of small-town living. Nestled in the picturesque Captain Cook area, South Kona is renowned for its stunning ocean views, lush tropical surroundings, and rich cultural heritage. This region is perfect for those seeking a tranquil lifestyle while still being close to vibrant community activities and amenities.

In South Kona, you’ll find a diverse selection of homes, including delightful options under $500,000. These affordable properties offer an incredible opportunity to own a slice of paradise without breaking the bank. Whether you’re looking for a cozy cottage surrounded by lush gardens or a charming home with panoramic ocean views, South Kona has something to suit every taste and budget.

Living in South Kona means embracing a lifestyle filled with adventure and relaxation. Explore the nearby beaches, where you can swim, snorkel, or simply soak up the sun. Enjoy the local farmers' markets, where you can savor fresh produce and artisanal goods, or indulge in the rich flavors of the region at nearby restaurants showcasing farm-to-table cuisine.

With its warm climate, friendly community, and abundance of outdoor activities, South Kona is not just a place to live; it’s a place to thrive. Discover the magic of Captain Cook and find your dream home among the stunning landscapes of South Kona today! Your Hawaiian paradise awaits!

Newest South Kona Homes under $500,000

88-1554 Eono Avenue, CAPTAIN COOK
$223,333
1 Baths ⋅ 733198 MLS ⋅ ['Fee Simple'] Tenure
NEWER COTTAGE WITH OCEAN VIEWS IN MILOLI'I BEACH LOTS SUBDIVISION! Built in 2022, this permitted cottage comes fully furnished, making moving in a breeze! Whether you make this your primary residence, or just a place to get away and relax, you'll find that this property is suitable for both! The spacious cottage features painted cement floors for durability, beautiful Pine wood ceilings, wood cabinets, block-wood counters in kitchen, gas range/oven, refrigerator, microwave, stainless-steel sink, a full bath with bidet toilet, and an on-demand gas water heater. Wall-mounted TV receives reception/channels via antenna. The separate 10 X 12 enclosed shed adds flexibility on how it can be utilized. The 20-foot storage container is negotiable. Property has gravel and cinder for easy maintenance and is completely fenced in. According to the County of Hawaii Planning Department, because the subdivision was created prior to State Land Use (1976) the Planning Department would allow a “single family dwelling” and a “first farm dwelling” to be built without needing an additional farm dwelling agreement. Please confirm this directly with the Planning Department if your intent is to build another structure on the property. Miloliʻi Beach Lots is an oceanside residential subdivision located near the ancient fishing village of Miloliʻi, which is historically renowned as Hawaiʻi's "last living traditional fishing village." If you like fishing and/or enjoying the the outdoors, this may be the perfect fit! Although information provided herein is believed to be correct, Buyer and Buyer's Agent to conduct their own due diligence. Buyers and their agents urged to verify any information they deem material or important to their decision to purchase this property.

88-1554 Eono Avenue, CAPTAIN COOK

Listing courtesy of Ah Chong Realty, LLC.

82-6065 Capt Cook Ocean View Unit B203, CAPTAIN COOK
$324,900
2 Beds ⋅ 2 Baths ⋅ 733013 MLS ⋅ ['Fee Simple'] Tenure ⋅ Captain Cook Ocean View BLDG.
Rarely available unit in the Captain Cook Ocean View Condos! Corner unit conveniently located within close proximity to shopping, restaurants and much more. Hurry and see this one now!

82-6065 Capt Cook Ocean View Unit B203, CAPTAIN COOK

Listing courtesy of TLC Realty LLC.

88-1501 Ala Malino Rd, CAPTAIN COOK
$455,000
3 Beds ⋅ 2 Baths ⋅ 732680 MLS ⋅ ['Fee Simple'] Tenure
Hawaii Country home on 5 acres with avocado trees, mango, guava, palm trees in Honomalino Acres. Private driveway to 3 bedroom, 2 bathroom home. Open beam ceilings. Fairly level land, avocado trees. Home needs work. Near beach. House has been cleared out and swept. This is a fixer with lots of potential. Note: there are cars, etc that the owner will not remove. This is an as is sale.

88-1501 Ala Malino Rd, CAPTAIN COOK

Listing courtesy of Coldwell Banker Island Properties - Kona.

87-2478 Hawaii Belt Rd, CAPTAIN COOK
$380,000
2 Beds ⋅ 1 Baths ⋅ 731290 MLS ⋅ ['Fee Simple'] Tenure
Located along Mamalahoa Highway in Captain Cook, this 2-bedroom, 1-bathroom home offers approximately 945 square feet of interior living space and is full of potential for the right buyer. This fixer-upper is in need of TLC and updates, presenting an opportunity to renovate, restore, and make it your own. The existing layout provides a solid starting point for improvements, while the generously sized lot offers space for gardening, landscaping, or creating outdoor areas to enjoy the island setting. Whether you're looking for your next project, a property to personalize over time, or an opportunity to add value through thoughtful improvements, this home is ready for its next chapter. Conveniently located near shopping, dining, and the amenities of South Kona, this Captain Cook property offers the chance to bring your vision to life. Property is being sold AS-IS. Buyers and their agents are advised to conduct their own independent due diligence and verify any information deemed material to their purchase decision.

87-2478 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of eXp Realty.

88-1582 Ewalu Ave, CAPTAIN COOK
$375,000
1 Beds ⋅ 1 Baths ⋅ 730582 MLS ⋅ ['Fee Simple'] Tenure
"Endless Ocean & Sunset Views year around!

88-1582 Ewalu Ave, CAPTAIN COOK

Listing courtesy of Coast Properties Ltd..

82-6065 Mamalahoa Hwy Unit A201, CAPTAIN COOK
$389,000
2 Beds ⋅ 2 Baths ⋅ 731544 MLS ⋅ ['Fee Simple'] Tenure ⋅ Captain Cook Ocean View BLDG.
Captain Cook Ocean View Condominiums! Affordable 2 Bedroom, 2 Bath Condo below Choice Mart. Great location at a cool elevation. Corner unit nicely situated at bottom of complex overlooking acreage, with partial ocean view from main living area and cute lanai. A-201 has an updated kitchen with beautiful quartz countertops, stainless steel appliances and solid wood cabinetry. Nicely maintained, spacious condo on second floor. Clean unit, move in ready. Maintenance fees only $592.20 at present, for 866 sf of Living area plus Lanai = Value! Some photos are virtually staged, sold unfurnished.Located south of Kailua Kona, convenient to post office, grocery and hardware store. Country yet convenient. Buyer and Buyers' agent to verify all information. Easy to see!

82-6065 Mamalahoa Hwy Unit A201, CAPTAIN COOK

Listing courtesy of Paradise Found Realty.

84-539 Telephone Exchange Rd, CAPTAIN COOK
$329,000
2 Beds ⋅ 1 Baths ⋅ 730721 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. This nearly 10 acre property offers the sustainable, off-grid lifestyle many dream of and now available for the first time on the market! Perfect for a family or individual seeking to live the farming lifestyle, it combines a solid home, income-producing orchards, and panoramic coastline views with year-round sunsets. The 2-bedroom, 1-bath 1975 home is well-built, with an additional large room (formerly an office, now storage), a separate carport and attached tool shed housing the off-grid system. A second detached structure provides a covered workspace and secure storage. Off-Grid Systems Include: * 2 catchment tanks: steel tank at the top of the property gravity-feeds the home and a second tank supplies the orchards * 6 PV panels * 2 Outback solar inverters & 2 Signature Solar EG4 batteries * Propane on-demand hot water, range, and refrigerator The property is fully fenced and thoughtfully laid out for farming and homesteading. Mature plantings include 2.5 acres of Kona coffee, lychee, and mixed crops ( *see attached fruit tree list ), plus two large vegetable garden plots, and areas previously planted with taro, sweet potato, and asparagus. With daily farmers markets nearby, there’s ample opportunity to generate a comfortable income from the land. Located 1 mile up Telephone Exchange Road, directly above Pu‘uhonua O Hōnaunau, the property enjoys sweeping ocean views spanning from Kealakekua Bay to Hōnaunau. This is a rare offering where sustainable living, income potential, privacy and breathtaking Kona coast scenery come together. The property overlooks Pu’uhonua O’Honaunau, The City Of Refuge; a National Historical Park, which is a culturally significant Hawai’i landmark. Other nearby beaches include Ho’okena, Manini, Ke’ei and Kealakekua Bay. * KSBE LH properties require a cash purchase and take approximately 6 months to Close escrow * Lease to 12/31/2055.

84-539 Telephone Exchange Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

88-1518 Eiwa Ave, CAPTAIN COOK
$450,000
3 Beds ⋅ 2 Baths ⋅ 728076 MLS ⋅ ['Fee Simple'] Tenure
Perched above the dramatic coastline of Miloli‘i Beach Lots on a spacious 20,000 sq.ft. cul-de-sac lot, this unique island property captures sweeping panoramic views of the Pacific Ocean and unforgettable Kona sunsets from both structures and expansive outdoor living spaces. Just minutes from the shoreline, enjoy easy access to ocean activities including swimming, snorkeling, kayaking, paddle boarding, fishing, and exploring nearby tide pools, coastal trails and some of South Kona's most beloved shoreline and hike-in beach experiences. Seasonal dolphin and whale sightings can often be enjoyed right from the decks. The main residence features 2 bedrooms, 1 bath, vaulted ceilings, abundant natural light, a spacious tiled kitchen and living area, and large view-facing decks that create seamless indoor-outdoor island living. A spacious detached guest suite/ohana offers an additional flexible living space with bathroom, storage/workshop area, and wheelchair-accessible deck and ramp, ideal for extended family, guests, studio space, or retreat-style living. Combined interior living area is approximately 1,735 sq.ft., complemented by over 1,600 sq.ft. of scenic deck space designed to take full advantage of the spectacular ocean vistas and coastal breezes. Additional features include a large covered carport, solar hot water in main residence, on-demand gas hot water system in guest suite/ohana, PV system supporting the water system, propane service, private paved access roads, and a palm-lined concrete driveway offering both ease and privacy. Brand New water tank liner to be installed on 6/23/26 for this 14,000 gallon tank! A rare opportunity to enjoy peaceful South Kona living with exceptional views, privacy, and flexible island lifestyle potential.

88-1518 Eiwa Ave, CAPTAIN COOK

Listing courtesy of Coast Properties Ltd..

88-1516 Eha Ave, CAPTAIN COOK
$270,000
1 Baths ⋅ 730508 MLS ⋅ ['Fee Simple'] Tenure
Step into a piece of Hawaiian history. Nestled in the Milolii Beach Lots Subdivision, this charming furnished cottage sits in one of the Big Island's most beloved and storied communities — the historic Milolii Fishing Village, so iconic it served as backdrop scenery for Elvis Presley's 1962 classic movie, Girls! Girls! Girls! Wake up to breathtaking ocean views and the gentle sounds of the Pacific. Inside, the cottage has been thoughtfully upgraded with a refreshed bathroom and a warm butcher block kitchen countertops — the perfect place to prep your fresh catch of the day. Everything you need comes furnished and ready, so you can start living the Hawaii dream from day one. Outside your door, world-class snorkeling, swimming, and fishing await. Milolii's protected bay is a local treasure, offering calm, clear waters and an authentic slice of old Hawaii that has remained largely untouched by modern development. Whether you're seeking a full-time residence, a vacation retreat, or a rare investment in one of the Big Island's most unique and charming communities, this cottage is your gateway to the genuine spirit of aloha. A little piece of paradise — and a little piece of history. Enjoy the cool tropical breeze inside and out. Enjoy your morning coffee with beautiful ocean views or a tropical drink and an evening sunset from your Lanai. The home has a wrap around Lanai to access the back area. Storage area and small work area under the home. All furnishings convey with the property except the TV stand.

88-1516 Eha Ave, CAPTAIN COOK

Listing courtesy of Mary Love Realty.

83-5749 Rabbit Hill Rd, CAPTAIN COOK
$395,000
6 Beds ⋅ 4 Baths ⋅ 730020 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Two houses on 3.8 Acre Farm with Coffee and various fruit trees. Located high up near the end of Rabbit Hill Rd. Fantastic ocean views. The lower house is 3 bedroom, 2 bathroom recently remodeled. The middle level has a small 1 bedroom, 1 bathroom unit that has bee used for worker's quarters. The upstairs house is 2 bedroom, 1 bathroom recently remodeled. Annual lease rent is only $2,152. The lease goes on to July 1, 2044. Seller has installed a new Septic system that was required by the Lessor.

83-5749 Rabbit Hill Rd, CAPTAIN COOK

Listing courtesy of Kona Resort Properties.

88-1550 Eiwa Ave, CAPTAIN COOK
$250,000
1 Beds ⋅ 1 Baths ⋅ 729157 MLS ⋅ ['Fee Simple'] Tenure
Few blocks from the ocean, this Miloliʻi property captures stunning ocean and sunset views in a peaceful coastal setting. Fully fenced and powered by solar, the property is equipped with a septic system and two catchment tanks—one covered for added protection—supporting comfortable off-grid living. The main residence features a well-designed studio layout with a full bathroom and kitchen, maximizing efficiency and ease of use. A separate garage has been thoughtfully converted into additional living space, complete with its own bathroom and kitchen—ideal for extended family, guests, or potential rental income. The grounds are nicely landscaped with mature plumeria, desert rose, and palm trees, creating a tropical ambiance throughout the property. A versatile opportunity offering two distinct living spaces just moments from the shoreline.

88-1550 Eiwa Ave, CAPTAIN COOK

Listing courtesy of Ka'u Realty LLC.

84-5040 Hawaii Belt Rd, CAPTAIN COOK
$390,000
5 Beds ⋅ 2 Baths ⋅ 728049 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Opportunity to revitalize a previously productive farm property with excellent soil and diverse established fruit trees. The property features a 4-bedroom, 2-bathroom main living area upstairs with a spacious lanai and comfortable living area. Each bedroom is well sized with views out over the surrounding farm land. The lower level includes a separate 1-bedroom, 1-bathroom living area, along with a large paved carport/workshop space suitable for equipment, storage, or workspace. Additional shed and workshop structures provide further room for farm operations, many constructed with durable steel framing. The farm includes a variety of mature trees including ‘ulu (breadfruit), mango, macadamia nut, jaboticaba, longan, avocado, and coffee, providing a strong foundation for continued agricultural use. The property features deep, productive soil throughout the farm, making it well suited for orchard crops or diversified agriculture. Location is well balanced for a rural lifestyle while only minutes away from the services and compliments of Captain Cook and downtown Kailua Kona. Lease allows for cultivation of truck crops, orchard crops, flowers, or nursery crops, with a minimum of 3.5 acres in productive cultivation. Permitted uses also include a farm dwelling (subject to lessor approval), processing and wholesaling of crops, and storage and retail sales of processed agricultural products. The current lease expires February 29, 2056, providing long-term use for agricultural and farm-related activities.

84-5040 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Livingston Realty.

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