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MLS: 713251 (Active - For Sale)
Condo: Kona Kai #M6
 
Asking Price: $179,500 Leasehold
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Beds: 1   Baths: 1
Living Area: 535 SF

Parking: Assigned
Days on Market: 33
Year Built: 1969
Zoning: CV-10
Roads: County
Property Taxes: $1,429,.74
Assessed Value: $128,200
Assessed Ratio: 140.02%
Listing Courtesy: Hawaii Real Estate Group LLC
Terms Acceptable: 1031 Exchange,Cash
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All Units For Sale in Kona Kai

Renovated and Profitable with Central Location

This is a LEASEHOLD property.
CASH BUYERS ONLY
Step into opportunity. Beautifully remodeled 1 bedroom, condo with courtyard views and a desirable Kona location. Currently a Popular and Profitable STVR with 2023 Gross rental income over $55,000.
KEY FEATURES:
PRIME LOCATION: Situated in the heart of Kailua-Kona, this condo offers unparalleled access to pristine beaches, vibrant nightlife, and shopping/dining options. Guests will delight in the convenience of exploring the area's top attractions within minutes.
EXQUISITE REMODEL: Meticulously redesigned with modern elegance. From sleek bamboo floors in the kitchen to designer fixtures, every detail has been carefully chosen to offer an interior space comfort, and function.
ACCOMMODATIONS: With a large bedroom, residents can unwind in comfort in the bedroom, which has a large closet and an individual air conditioner.
KITCHEN: Fully-equipped kitchen, complete with new appliances, quartz countertops, and ample cabinet space.
AMENITIES: A sparkling swimming pool, laundry center, assigned parking, and lush tropical landscaping.
Whether seeking a lucrative investment opportunity or a personal retreat, this condo offers the best of both worlds. With a proven track record as a profitable vacation rental, you can maximize your returns while enjoying the flexibility to escape to paradise whenever you desire.


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2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
60461603/01/201703/15/2017$44,000$42,000
66149405/02/202207/07/2022$130,000$125,000

2 Comparable Units Sold in Kona Kai (Last 12 months)
Description List Date Sold Date List Price Sold Price
1 Bed 1 Bath10/06/202301/05/2024$150,000$150,000
1 Bed 1 Bath07/23/202407/23/2024$179,000$165,000
Average Price:  $157,500

 
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