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This is a leasehold property. Discover an exceptional opportunity to own a beautifully upgraded, income-producing condominium in the heart of Kona! This stylishly furnished vacation rental has a proven track record of success, consistently generating approximately $57,000 in annual gross rental revenue. With upgraded flooring, attractive furnishings included in the sale, and an established short-term rental history, this property offers an appealing combination of comfort, convenience, and investment potential. This inviting condominium offers a welcoming tropical retreat for owners and guests alike. The included furnishings make this an attractive turnkey opportunity for buyers looking to continue its successful rental operation. Location is one of this property's greatest assets. Situated in the heart of Kona, you're just minutes from the ocean, beaches, restaurants, shopping, banking, and everyday conveniences. Guests appreciate the central location, with easy access to Kona's beautiful coastline, spectacular sunsets, and popular attractions. This highly desirable setting has helped contribute to the property's consistent rental performance. The sale includes one assigned parking space, providing added convenience for owners and guests. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Rental income figures are historical gross revenues and are not a guarantee of future performance. Whether you're looking to expand your vacation rental portfolio or enjoy your own tropical getaway with established income potential, this upgraded, fully furnished Kona condominium offers an outstanding combination of location, style, and proven rental performance.

1 Beds ⋅ 1 Baths ⋅ 734598 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Discover an exceptional opportunity to own a beautifully upgraded, income-producing condominium in the heart of Kona! This stylishly furnished vacation rental has a proven track record of success, consistently generating approximately $57,000 in annual gross rental revenue. With upgraded flooring, attractive furnishings included in the sale, and an established short-term rental history, this property offers an appealing combination of comfort, convenience, and investment potential. This inviting condominium offers a welcoming tropical retreat for owners and guests alike. The included furnishings make this an attractive turnkey opportunity for buyers looking to continue its successful rental operation. Location is one of this property's greatest assets. Situated in the heart of Kona, you're just minutes from the ocean, beaches, restaurants, shopping, banking, and everyday conveniences. Guests appreciate the central location, with easy access to Kona's beautiful coastline, spectacular sunsets, and popular attractions. This highly desirable setting has helped contribute to the property's consistent rental performance. The sale includes one assigned parking space, providing added convenience for owners and guests. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Rental income figures are historical gross revenues and are not a guarantee of future performance. Whether you're looking to expand your vacation rental portfolio or enjoy your own tropical getaway with established income potential, this upgraded, fully furnished Kona condominium offers an outstanding combination of location, style, and proven rental performance.

74-5618 Palani Rd Unit M3, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$165,000

This is a leasehold property. Enjoy exceptional ocean and horizon views above Kailua Bay from this well-located 2-bedroom, 1-bathroom unit. Positioned on the second floor directly behind the pool area, the unit enjoys unobstructed views and refreshing breezes with no building immediately in front. Inside, the unit features spacious bedrooms and a locking pantry for convenient owner storage. The flexible layout allows the unit to be rented as a two-bedroom or as a one-bedroom, with the second bedroom secured for owner privacy and personal belongings. Ideally located for enjoying the Kona lifestyle, the property is within easy walking distance of the beach, restaurants, shopping, and other nearby amenities. The unit also has an active Short-Term Vacation Rental (STVR) permit, providing flexibility for personal use, vacation rental income, or a combination of both. HOA maintenance fees include water, sewer, trash, gas for the range and hot water, common area maintenance, pool maintenance, and quarterly pest control.

2 Beds ⋅ 1 Baths ⋅ 733403 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Enjoy exceptional ocean and horizon views above Kailua Bay from this well-located 2-bedroom, 1-bathroom unit. Positioned on the second floor directly behind the pool area, the unit enjoys unobstructed views and refreshing breezes with no building immediately in front. Inside, the unit features spacious bedrooms and a locking pantry for convenient owner storage. The flexible layout allows the unit to be rented as a two-bedroom or as a one-bedroom, with the second bedroom secured for owner privacy and personal belongings. Ideally located for enjoying the Kona lifestyle, the property is within easy walking distance of the beach, restaurants, shopping, and other nearby amenities. The unit also has an active Short-Term Vacation Rental (STVR) permit, providing flexibility for personal use, vacation rental income, or a combination of both. HOA maintenance fees include water, sewer, trash, gas for the range and hot water, common area maintenance, pool maintenance, and quarterly pest control.

74-5618 Palani Rd Unit A2, KAILUA KONA

Listing courtesy of Livingston Realty.

$189,000

This is a leasehold property. Whether you're seeking an established income-producing property or a beautifully upgraded home close to the ocean and everything Kailua-Kona has to offer, this exceptional condominium delivers! This highly successful short-term vacation rental generated over $65,000 in annual gross rental revenue in each of the three consecutive years 2023, 2024, and 2025! The property's thoughtful upgrades, comfortable accommodations, and outstanding location have helped the seller maintain an impressive 4.83-star Airbnb rating, with many guests returning for repeat stays. Unlike many condominium renovations that focus primarily on cosmetic improvements, this extensively remodeled two-bedroom, one-bath residence has been upgraded from top to bottom! Enjoy modern appliances, beautiful granite countertops, luxury plank flooring, a custom-tiled shower, fresh interior paint, upgraded lighting, and replacement windows that provide enhanced soundproofing. Air conditioning has been installed in both bedrooms and the living area for year-round comfort. Situated in a desirable top-floor corner location, this condominium offers a wonderfully private setting despite being right in the heart of town. The west-facing lanai is the perfect place to relax and enjoy Kona's spectacular sunsets, while the convenient central location allows residents and guests to walk to numerous shops, restaurants, and local attractions. Enjoy the best of both worlds: peaceful, private surroundings with the ocean and vibrant Kona lifestyle just moments away. Offered fully furnished, this beautifully updated condominium is ready for its next owner to enjoy. Whether your dream is to live in Hawaii full-time, escape to your own island retreat, or continue its successful vacation rental history, this property offers outstanding versatility. Community amenities include a swimming pool and convenient on-site laundry

2 Beds ⋅ 1 Baths ⋅ 734235 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Whether you're seeking an established income-producing property or a beautifully upgraded home close to the ocean and everything Kailua-Kona has to offer, this exceptional condominium delivers! This highly successful short-term vacation rental generated over $65,000 in annual gross rental revenue in each of the three consecutive years 2023, 2024, and 2025! The property's thoughtful upgrades, comfortable accommodations, and outstanding location have helped the seller maintain an impressive 4.83-star Airbnb rating, with many guests returning for repeat stays. Unlike many condominium renovations that focus primarily on cosmetic improvements, this extensively remodeled two-bedroom, one-bath residence has been upgraded from top to bottom! Enjoy modern appliances, beautiful granite countertops, luxury plank flooring, a custom-tiled shower, fresh interior paint, upgraded lighting, and replacement windows that provide enhanced soundproofing. Air conditioning has been installed in both bedrooms and the living area for year-round comfort. Situated in a desirable top-floor corner location, this condominium offers a wonderfully private setting despite being right in the heart of town. The west-facing lanai is the perfect place to relax and enjoy Kona's spectacular sunsets, while the convenient central location allows residents and guests to walk to numerous shops, restaurants, and local attractions. Enjoy the best of both worlds: peaceful, private surroundings with the ocean and vibrant Kona lifestyle just moments away. Offered fully furnished, this beautifully updated condominium is ready for its next owner to enjoy. Whether your dream is to live in Hawaii full-time, escape to your own island retreat, or continue its successful vacation rental history, this property offers outstanding versatility. Community amenities include a swimming pool and convenient on-site laundry

74-5618 Palani Rd Unit E8, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$149,000

This is a leasehold property. Enjoy convenient island living in this desirable ground-floor end-unit condominium, ideally located in the heart of Kona. With minimal stairs to the entrance, added privacy from its end-unit location, and parking conveniently located near the front door, this property offers a comfortable and practical setup for full-time living, a second home, or rental use. The ground-floor location provides easy access with only a few steps to the front door—especially convenient for bringing in groceries, luggage, or beach gear. As an end unit, the condominium also enjoys a more private setting with fewer neighboring units. Location is one of this property's greatest assets. You're just minutes from the ocean and Kona's beaches, while shopping, restaurants, banking, medical services, and other everyday conveniences are all close by. Whether you're heading to the beach, out for dinner, or simply running errands, everything you need is within easy reach. The property has previously been used for mid-term rentals, typically accommodating tenants for one to three months at a time, offering flexibility for an owner who may wish to continue rental use while also enjoying the property themselves. The sale includes one assigned parking space conveniently located near the unit. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Whether you're looking for a conveniently located Kona residence, an island getaway, or a property with flexible rental potential, this ground-floor end unit offers an appealing combination of accessibility, privacy, and an excellent in-town location.

1 Beds ⋅ 1 Baths ⋅ 734075 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Enjoy convenient island living in this desirable ground-floor end-unit condominium, ideally located in the heart of Kona. With minimal stairs to the entrance, added privacy from its end-unit location, and parking conveniently located near the front door, this property offers a comfortable and practical setup for full-time living, a second home, or rental use. The ground-floor location provides easy access with only a few steps to the front door—especially convenient for bringing in groceries, luggage, or beach gear. As an end unit, the condominium also enjoys a more private setting with fewer neighboring units. Location is one of this property's greatest assets. You're just minutes from the ocean and Kona's beaches, while shopping, restaurants, banking, medical services, and other everyday conveniences are all close by. Whether you're heading to the beach, out for dinner, or simply running errands, everything you need is within easy reach. The property has previously been used for mid-term rentals, typically accommodating tenants for one to three months at a time, offering flexibility for an owner who may wish to continue rental use while also enjoying the property themselves. The sale includes one assigned parking space conveniently located near the unit. Please note: This is a leasehold property, and due to leasehold financing limitations, a cash purchase is required. Whether you're looking for a conveniently located Kona residence, an island getaway, or a property with flexible rental potential, this ground-floor end unit offers an appealing combination of accessibility, privacy, and an excellent in-town location.

74-5618 Palani Rd Unit L1, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$114,000

This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Now offered at it's rock bottom price and with the potential of transferring approx. $22,000 of future 2026 STVR bookings. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.

1 Beds ⋅ 1 Baths ⋅ 732427 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Now offered at it's rock bottom price and with the potential of transferring approx. $22,000 of future 2026 STVR bookings. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.

74-5618 Palani Rd Unit A4, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$110,000

This is a leasehold property. A rare chance to own near the Kailua-Kona pier. This freshly updated one-bedroom leasehold condo at Kona Kai sits close to Alii Drive, downtown restaurants, and KTA Super Store, at a fraction of the cost of nearby fee-simple condos. Second-floor unit in one of Kailua-Kona's most central locations, just 0.3 miles from the pier and Alii Drive, so swimming, shopping, and strolling are right outside your door. This unit has an open lanai (although owners can screen in lanais) and an ultra prime parking spot right outside the door. Recently updated with new laminate flooring, fresh paint throughout, new bathroom vanity and shower surround, and new kitchen appliances — including a gas range which is a rare treat when it comes to condo living. Land lease through 2034, this is a cash-only purchase, not financeable. CV-10 zoning and HOA rules both allow short-term vacation rental use (STVR/TAR permit not yet obtained, to be secured separately by buyer), offering ultimate flexibly to cover carrying costs when not in use. Whether you're looking for a home base or a place to get away, this condo puts your Kona dream within reach. Kona Kai amenities: large community pool with expansive pool deck, BBQ area, on-site coin laundry, outdoor shower for rinsing off.

1 Beds ⋅ 1 Baths ⋅ 732315 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. A rare chance to own near the Kailua-Kona pier. This freshly updated one-bedroom leasehold condo at Kona Kai sits close to Alii Drive, downtown restaurants, and KTA Super Store, at a fraction of the cost of nearby fee-simple condos. Second-floor unit in one of Kailua-Kona's most central locations, just 0.3 miles from the pier and Alii Drive, so swimming, shopping, and strolling are right outside your door. This unit has an open lanai (although owners can screen in lanais) and an ultra prime parking spot right outside the door. Recently updated with new laminate flooring, fresh paint throughout, new bathroom vanity and shower surround, and new kitchen appliances — including a gas range which is a rare treat when it comes to condo living. Land lease through 2034, this is a cash-only purchase, not financeable. CV-10 zoning and HOA rules both allow short-term vacation rental use (STVR/TAR permit not yet obtained, to be secured separately by buyer), offering ultimate flexibly to cover carrying costs when not in use. Whether you're looking for a home base or a place to get away, this condo puts your Kona dream within reach. Kona Kai amenities: large community pool with expansive pool deck, BBQ area, on-site coin laundry, outdoor shower for rinsing off.

74-5618 Palani Rd Unit L2, KAILUA KONA

Listing courtesy of Knutson & Associates.

$125,000

This is a leasehold property. This well-maintained beautiful condo boasts many upgrades. Perfect location in Kona Town. Short walk to restaurants, shopping and waterfront. This unit located on the 1st floor has newer AC units, Dishwasher, Ceiling Fans, Garbage disposal. This property is approved for short term vacation rentals. This cozy dual-purpose unit is turnkey and ready to move in and/or renting on Airbnb immediately. Snowbird owners live here January through March, and it is currently Airbnb rented with a 4.7 rating.

1 Beds ⋅ 1 Baths ⋅ 730968 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

This is a leasehold property. This well-maintained beautiful condo boasts many upgrades. Perfect location in Kona Town. Short walk to restaurants, shopping and waterfront. This unit located on the 1st floor has newer AC units, Dishwasher, Ceiling Fans, Garbage disposal. This property is approved for short term vacation rentals. This cozy dual-purpose unit is turnkey and ready to move in and/or renting on Airbnb immediately. Snowbird owners live here January through March, and it is currently Airbnb rented with a 4.7 rating.

74-5618 Palani Rd Unit I5, KAILUA KONA

Listing courtesy of Transworld Realty LLC.

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