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$4,990,000

This oceanfront four-bedroom, four-bathroom residence within Kona Bay Estates offers 3,490 sq ft of interior living space on a 12,020 sq ft parcel. Designed by Lucky Bennett, the home reflects a deliberate alignment of architecture, climate, and coastline within a guard-gated community with 24-hour security, direct shoreline access, and proximity to Kailua Pier, Ali‘i Drive, and a nearby community park with pickleball courts. Set along a coastline historically associated with the Royal Compound of King Kamehameha I, the property is grounded in both cultural and geographic continuity. Just steps away, Keiki Beach/Queen Bath provides rare sandy, swimmable access. This oceanfront enclave includes only eight homes with direct sandy beach frontage, and the property features its own private sandy beach area. Designed for indoor-outdoor living, the open-concept layout allows a seamless transition between interior and covered lanais, where the two merge fluidly. The orientation captures both sunrise and sunset year-round, with expansive ocean views from the main living areas and multiple bedrooms. A true oceanfront dining area sits directly along the coastline. The home is arranged across multiple levels to maximize airflow, views, and natural light. A central courtyard anchors the design, featuring a shaded pool positioned beneath the main living structure, creating a naturally cooled environment that contrasts with the open ocean exposure. Interior features include koa wood cabinetry in the kitchen and bathrooms, and a primary suite with central air conditioning and two air-conditioned walk-in closets. Additional living spaces support flexible use and gatherings, with a layout designed for connection and flow. The oceanfront setting provides ongoing visibility of marine life, with whales and dolphins frequently observed offshore, integrated into the daily coastal experience.

4 Beds ⋅ 5 Baths ⋅ 729953 MLS ⋅ ['Fee Simple'] Tenure

75-5506 Kona Bay Dr, KAILUA KONA

Listing courtesy of COMPASS. Selling Office: .

$2,750,000

Seize the opportunity to acquire a custom-built, three-level luxury residence holding a transferable Short Term Vacation Rental (STVR) Permit, perfectly positioned within the exclusive, gated Kona Bay Estates in desirable downtown Kona. With over 5,000 square feet under roof, this property is impeccably designed to maximize guest enjoyment, hosting capacity, and rental revenue. A distinctive advantage is the property's unique status within a gated community that features underground utilities and close proximity to the pristine Baby Ponds beach and tidepools— with NO HOA dues. Its location places you steps from the ocean and just a short, easy stroll to Old Kailua Town for immediate access to dining, shopping, and vibrant town life. The ground level is a dedicated entertainment haven, featuring a covered lanai with multiple seating areas, a pool table, a wet bar, and private swimming pool. This level also includes a separate entry and a kitchenette, allowing it to function as a private guest studio. The second level provides the main living experience, complete with a comfortable living room, a large dining area, and kitchen equipped with custom cabinets, granite countertops, and stone flooring. This level includes a guest room, flexible room currently used as an office and full bath. You will appreciate the multiple screened lanais—one off the kitchen perfect for morning coffee, and a larger one off the living area for outdoor dinner parties. The third level, dedicated to private retreats. This floor hosts the oversized master suite, which features a grand master bath and its own private lanai for ocean and bay views. Two additional bedrooms with ensuite baths complete this level. The home’s configuration allows for flexible use of space, providing ample capacity (up to 5 or 6 sleeping areas) to host large groups.

4 Beds ⋅ 4 Baths ⋅ 725468 MLS ⋅ ['Fee Simple'] Tenure

75-5521 Kona Bay Dr, KAILUA KONA

Listing courtesy of Better Homes and Gardens Real Estate Island Lifestyle. Selling Office: .

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