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MLS: 670329
Condo: Kona Islander Inn #249
Asking Price: $279,000 Leasehold
Sold Price: $285,000
Sold Date: 09/08/2023
Type: Condo/Residential Condo
District: North Kona
Street: 75-5776 Kuakini Hwy
Monthly Association Fee: $740
Beds: 0   Baths: 1
Living Area: 372 SF
Land Area: 3 Acres
Pool: Yes
Parking: Unassigned
Amenities: BBQ/Cooking Pit,Community Laundry,Landscaped,Recreation Area
Days on Market: 260
Year Built: 1969
Zoning: V-.75
Roads: County,Paved
Land Recorded: Land Court
Property Taxes: $2,551
Assessed Value: $182,800
Assessed Ratio: 152.63%
Listing Courtesy: Savvy Realty & Loans
Terms Acceptable: Cash
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Luxurious Turnkey Oceanview unit !

This is a leasehold property. Very nice and popular ocean view unit, turnkey and in top condition, located in the popular and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The KII is a very popular smaller resort with a lush garden and charming buildings and lobby. Designated as a Hotel and DOES NOT need a vacation rental permit !
Unit 249 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away.
The unit was totally renovated a year ago with a new stylish kitchenette and granite counter tops, and tiled bath and floors. Newer furniture with a queen bed and leather sofa, and a newer 65" TV. ALL costs such as Lease fee, electric, hot water, Cable and Internet included in the $940/m HOA fee ! This leasehold property has a lease that does not expire until 2079.
One of the BEST income properties available for the price, with a good return on investment.

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