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1 Beds ⋅ 1 Baths ⋅ 728519 MLS ⋅ ['Leasehold'] Tenure ⋅ Alii Villas BLDG.

This is a leasehold property. Beautifully maintained 1 bedroom, 1 bath condo in Kailua-Kona's most sought after ocean front community. Meticulously cared for interior and recently remodeled kitchen and bath with new appliances. Open floorplan connects the living area to the kitchen and lanai area which overlooks the pool. Ample storage throughout the unit and the parking space is conveniently located a short distance from the unit. Fully furnished and move in ready. Zoned for STVR but the unit has never been a short term rental. A short distance to downtown Kailua-Kona where you can enjoy shops, restaurants, farmers market and beaches. Alii Villas is located on Alii Drive and it offers a well maintained tropical setting with heated pool, BBQ area, large sunset /ocean view viewing deck at the end of the complex and has direct access to the shoreline. Maintenance fees include, water, basic cable, sewer, garbage collection, internet and exterior/common area maintenance. Pet friendly ( one small dog or cat allowed with board approval) This leasehold property expires in 2029 but the fee is available for purchase as of June 2025for $404,000 with a $4000 monthly increase in price thereafter.

75-6016 Alii Dr Unit 118, KAILUA KONA

Listing courtesy of eXp Realty.

$110,000

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.

$114,000

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.

$125,000

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.

$129,000

1 Beds ⋅ 1 Baths ⋅ 730805 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Kai BLDG.

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 2025 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.

74-5618 Palani Rd Unit M6, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$139,000

1 Baths ⋅ 724510 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona West BLDG.

This is a leasehold property. Discover this beautifully updated studio at Kona West, ideally located in the heart of Kailua-Kona. This move-in-ready condo features new flooring, fresh paint, and an upgraded kitchenette with granite countertops and custom wood cabinetry. Enjoy indoor-outdoor living with a spacious covered lanai surrounded by tropical greenery. Kona West offers a sparkling pool, spa, ocean views, and BBQ area — perfect for relaxing after a day exploring the island. Conveniently situated near Ali‘i Drive, dining, beaches, and shopping. A great opportunity for full-time living or an investment property in a prime Kona location.

75-5680 Kuakini Highway Unit 206, KAILUA KONA

Listing courtesy of Knutson & Associates.

$175,000

1 Baths ⋅ 729487 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona West BLDG.

This is a leasehold property. Enjoy this Furnished and Updated Studio at Kona West #203 - A popular rental area, this unit has been nicely updated with Bamboo Flooring, Lots of Built-In furnishings including Murphy Bed, Kitchenette Cabinets, Full-Length & Designer Mirrors, Mounted TV, Air-Conditioning unit and so much more! Updated with Beautiful Granite Countertops at Kitchenette and Bath, plus a Refrigerator and Induction Cooktop, Tropical style furnishings including a Teak Bar-Style Dining, Laminate Flooring in the Bath area, Privacy awnings and Wardrobe cabinet, and much more! Lanai Views of the Ocean, Seasonal Sunsets, Sunrises over the Hualalai Mountain Slope, and Kona Town activities. Located in a popular Short Term Vacation Rental Resort zoned area, close to town, restaurants, shopping, Kailua Pier, and an exciting Outdoor Active Lifestyle, You and your guests are sure to enjoy this prime location! Maintenance Fees Include: Electricity, Water, Spectrum Cable/Wifi, Trash, Common Area/Building Maintenance including Pool Deck, BBQ Grill, Dining & Lounging Areas, Hot Tub, Landscaping, Coin-Operated Laundry Room, Community Bulletin Board, Mailbox Bank, and more! Open Parking area with One unassigned Parking Permit, Visitor Parking, Car Wash Stall, some Under-Building Stalls, and Video-Monitored areas.

75-5680 Kuakini Hwy Unit 203, KAILUA KONA

Listing courtesy of eXp Realty.

$179,000

2 Baths ⋅ 732355 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pomaikai Cottages BLDG.

Elevate your business in the heart of Waimea! Situated just a few steps up, off the building’s expansive covered lanai, this efficient 316 sq. ft. commercial office space offers the perfect combination of easy client access, added privacy, and classic Big Island charm. Whether you're looking for a private client-facing office, a quiet haven for professional services, or a creative space, Unit #3 delivers a bright, inviting atmosphere. Tucked just off the busy Kawaihae Road (Hwy 19) corridor in one of South Kohala’s most sought-after commercial hubs, this location offers convenience and a central location to work from. Access Unit #3 via a short flight of steps onto a shared, building-wide covered lanai that creates a pleasant indoor-outdoor feel and a welcoming entryway for clients. Through a set of full-light French doors, the 316 sq. ft. are optimized for maximum functionality—well-suited for medical/wellness practitioners, legal or financial advisors, a creative studio, or an executive suite. Near legendary local dining and daily conveniences—grab your morning brew at the local coffee shop, enjoy quick lunches at nearby favorite taco spots, or entertain clients right around the corner at Merriman’s Waimea. Located just off Opelo Rd near Kawaihae Rd, (Hwy 19), this convenient yet buffered location offers a bit of quiet separation from street-level movement. HOA fee includes electricity cost. Enjoy Waimea’s mild climate and comfortable year-round working environment.

65-1241 Opelo Rd Unit 3, KAMUELA

Listing courtesy of Kohala Pacific Realty.

$195,000

1 Baths ⋅ 732139 MLS ⋅ ['Leasehold'] Tenure ⋅ Kona Islander Inn BLDG.

This is a leasehold property. Welcome to this Top floor, End unit Studio which has been renovated and is offered fully furnished. The historic Kona Islander Inn has wonderful amenities, inviting lush tropical gardens and is centrally situated within Kailua-Kona village - a peaceful retreat with the convenience of being in the heart of town. - Enjoy this island-style condo as your own Hawaii getaway and as an investment property as well. The property is an existing vacation rental with solid rental history and future reservations which are assumable by Buyer. - Offered completely furnished with all that you'll need including a Queen bed plus sofa-sleeper, indoor and outdoor seating, TV, refrigerator / freezer, microwave, coffee-maker & more - Enjoy the covered outdoor lanai with garden views, ocean breeze - Air conditioning for warmer Hawaii climate plus tropical ceiling fan - Amenities include centrally located in-ground pool, spa, barbecue, charming open-air lobby with lounge and veranda, complimentary parking pass, lush mature landscaping and coin-operated laundry facility - Located adjacent to Alii Drive, Kona Islander Inn is just a short stroll to all that Kailua-Kona has to offer: ocean activities, historical sites, restaurants, shopping & farmer's market, personal services, churches and Kailua Public Library. - Monthly condo fees include all utilities: electricity, TV cable/internet, water, sewer, trash, maintenance of the grounds, pool, spa, barbecue, recycling.

75-5776 Kuakini Highway Unit 334, KAILUA KONA

Listing courtesy of NextHome Paradise Realty.

$198,350

726599 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pomaikai Cottages BLDG.

Pomaikaʻi 5 represents one of the most desirable office locations in Waimea, situated within a short walking distance of Merriman’s, Pau Pizza, and Surf Camp Coffee. Owned by the Seller for 26 years, the property has appreciated at an estimated compound annual rate of approximately 7.5%. Along with the current below-market asking price, Seller is pleased to be passing on this value added history. The commercially zoned 342 square foot office is ideally positioned on a quiet cul-de-sac in the heart of Waimea, offering rare tree-shaded tranquility and privacy seldom found in commercial properties. The discreet, off-road location has contributed to exceptionally low tenant turnover. Pomaikaʻi 5 is a corner unit featuring windows on two sides, providing natural light, serene views and convenient, hassle-free parking. The space has previously been occupied by a well-regarded real estate professional, nonprofit organization, and mental health practitioner. Recent updates include luxury flooring and fresh interior paint. Owner may entertain Seller financing with a considerable down payment and stable buyer/tenant.

65-1241 Pomaikai Pl Unit 5, KAMUELA

Listing courtesy of COMPASS.

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