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MLS: 709212 (Active - For Sale)
Condo: Kona Kai #E8
 
Asking Price: $275,000 Leasehold
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Beds: 2   Baths: 1
Living Area: 616 SF

Pool: Yes
Parking: Assigned
Days on Market: 35
(The Price of the property was lowered by $14,000 on 04/29/2024)
Year Built: 1969
Zoning: CV-10
Roads: County
Property Taxes: $857,.55
Assessed Value: $130,800
Assessed Ratio: 210.24%
Listing Courtesy: Hawaii Real Estate Group LLC
Terms Acceptable: 1031 Exchange,Cash
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All Units For Sale in Kona Kai

Ocean View Condo: Perfect Home, Vacation Getaway or Investment

This is a LEASEHOLD property.
CASH BUYERS ONLY
Step into opportunity. Beautifully remodeled 2-bedroom, condo with ocean views and a desirable Kona location. Currently a Popular and Profitable STVR with 2023 Gross rental income over $70,000.
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.
OCEAN VIEWS: Enjoy awe-inspiring vistas of the sparkling ocean from the comfort of your private balcony. Each sunrise and sunset paints a picturesque scene, creating unforgettable moments for guests to cherish.
EXQUISITE REMODEL: Meticulously redesigned with modern elegance. From sleek luxury vinyl plank floors to designer fixtures, every detail has been carefully chosen to offer an interior space of luxury, comfort, and function.
ACCOMMODATIONS: With two bedrooms, including a primary bedroom overlooking the ocean, guests can unwind in comfort. Each bedroom has a large closet and an individual air conditioner.
KITCHEN: Fully-equipped kitchen, complete with stainless steel appliances, granite 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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1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
61834005/30/201806/26/2018$110,000$105,000

4 Comparable Units Sold in Kona Kai (Last 12 months)
Description List Date Sold Date List Price Sold Price
2 Bed 1 Bath03/23/202305/24/2023$139,000$135,000
2 Bed 1 Bath06/16/202310/17/2023$169,000$160,000
2 Bed 1 Bath02/05/202310/31/2023$169,900$150,000
2 Bed 1 Bath08/23/202205/30/2023$179,000$175,000
Average Price:  $155,000

 
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Copyright: 2014 by Hawaii Information Systems.
 
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