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MLS: 670509
Condo: Kona Kai #L1
Asking Price: $135,000 Leasehold
Sold Price: $130,000
Sold Date: 08/23/2023
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Beds: 1   Baths: 1
Living Area: 515 SF

Parking: Assigned
Days on Market: 270
Year Built: 1969
Zoning: CV-10
Roads: County
Property Taxes: $1,406
Assessed Value: $114,500
Assessed Ratio: 117.9%
Listing Courtesy: Hawaii Real Estate Group LLC
Terms Acceptable: Cash
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End Unit - Furnished

This is a leasehold property. This popular short-term rental is close to the ocean and the Kona Pier and is a favorite for guests that want to walk instead of drive.
County of Hawaii STVR permit is active for the current owner this condo.
Short-term rentals, long-term rentals, and pets are allowed at Kona Kai. STVR permits are available via the County of Hawaii.
OFFERS MUST BE CASH due to the leasehold status. Quick close is available.
The leasehold payments are shown monthly at $323 and are paid every 6 months to the Queen Liliuokalani Trust. The $515.73 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.

This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
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