75-5492 KONA BAY DR, KAILUA-KONA, HI 96740

Rare oceanfront property with an active STVR permit in Kona Bay Estates.

Listing Provided by: Private Listings Hawaii
MLS #: 734947

Description

Rare opportunity to own an oceanfront residence with an active Short-Term Vacation Rental (STVR) permit in Kona Bay Estates. The resort node designation offers excellent vacation rental income potential, making the property ideal for investors or those seeking a luxury oceanfront retreat with income-producing opportunities. This Hawaiian Plantation-style 4-bedroom, 4.5-bath home combines luxury, privacy, and a central location with daily views of marine life, cruise ships, and year-round sunsets. The Great Room features soaring ceilings and sweeping ocean views, opening to a wraparound lanai ideal for dining, lounging, and entertaining. The kitchen offers a granite island with prep sink, gas stove, walk-in pantry, generous counter space, and ocean vistas. An adjacent media room provides additional entertainment space. The main-level primary suite opens to the lanai and features an ensuite with dual vanities, jetted tub, shower, and walk-in closet. Upstairs, three bedroom suites each offer private ensuite baths, along with an open library and sitting area. Recent upgrades include refinished wood floors and ceilings, fresh interior and exterior paint, a new AC system, and numerous improvements throughout. Kona Bay Estates offers 24/7 on-site security and encompasses the beloved Keiki Pond beach and historic King Kamehameha estate. Dining, shopping, beaches, and public recreation facilities, including a gym, pool, and tennis courts, are conveniently located just beyond the gates. With an active STVR permit, prestigious oceanfront location, and spacious accommodations, this property offers a rare opportunity to enjoy luxury Kona living as a private retreat, investment property, or combination of both.

Property Details

Price: $4,950,000
Sold Price:
Address: 75-5492 KONA BAY DR, KAILUA-KONA, HI 96740
Ownership: Full
Status: Active
Category: Residential
Type: Single Family Home

Total Bedrooms: 4
Total Bathrooms: 5
Full Baths: 4
Living Area: 4,242 Square Feet

Listed by: Private Listings Hawaii
Year Built: 2002
Levels:

Features and Amenities

Interior Features:
Exterior Features:
View: Coastline, Ocean, Ocean Horizon, Sunset
Pool:
Pool Features:

Appliances: Dishwasher, Dryer, Gas Cooktop, Microwave, Oven, Refrigerator, Washer
Fireplace Features:
Flooring: Carpet, Ceramic Tile, Hardwood
Security: Closed Circuit Camera(s), Gated Community, Security Guard, Security Patrol
Laundry:

Garage Spaces: 2
Carport Spaces:
Parking Features: Attached
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: KONA BAY ESTATES
Association Fee: $1,238 Monthly

Stories:
Year Established:

Lava Zone: 4
Flood Zone: D, VE

Land Information

Lot Size: 13,234 Square Feet
Waterfront: Yes
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features:
Frontage Type: Rocky Beach, Sandy Beach
Roads: Paved, Private
Roads Frontage Type:

Zoning: RS-15
Horse Amenities:

Additional Details

Assessed Tax Value: $3,348,700
Annual Tax: $40,542
Tax Year: 2025
Tax Lot: 10,6
Tax Block:

Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
Cooling: Air Conditioning, Zoned
Heating: Zoned
Sewer:
Water: Public
Solid Waste Disposal: Private Contractor

First Listed November 13, 2026, 9:25 am
Last Updated November 13, 2026, 9:25 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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ZayaPlays

This is the first transaction Missy and I have worked on together. I found her to be very professional, compassionate as well as thorough! Her clients bought a new place (perfect for them) before selling their current home. This loan was more complicated than most and she did an amazing job!! Lots of support for her clients and proactive when we needed something for the loan process. It was a pleasure working with her!

Sharry Monroe

Dan Polimino was selected as my realtor after his interview revealed his extensive marketing plan. Dan is an ethical professional with a team that is talented, skillful, and responsive. Manny's installations, repairs, and attention to detail were exceptional. Dan and Manny were immediately responsive to questions and concerns. Dan is skillful in negotiation and dealing with difficult situations. He provided suggestions when appropriate and timely. I was kept up-to-date on the status of our listings. Dan and The Hawaii Team were a joy to work with providing a smooth transition in the sale of the properties.

Mike Koch

Dan was great to work with. Very knowledgeable with detailed answers for every question we had. A true professional.

Karen Anderson

The KW Big Island team are the most professional and efficient real estate team we have ever worked with, in Hawaii and beyond. From the first meeting, through staging, prepping the house for sale, hosting open houses, handling offers, and completing all the paperwork, they were fast, responsive and professional. They sold our house in three days by knowing the market, using data to price it correctly, and doing excellent marketing. We fully recommend hiring them!

Michael Robertson

Dan and his team helped us sell a Condo in Kailua-Kona and purchase a townhouse as well. The experience was nothing short of exceptional. He provided excellent guidance throughout the process, helped us navigate the hiccups smoothly and counseled us on a situation that prevented us from making a costly mistake. The team that he brought together for repairs, staging, closing, etc. was top notch. We would definitely partner with him again and can not recommend him strong enough.

Rod Watai

Working with Dan Polimino and The Hawaii Team was an absolute pleasure from start to finish. Dan is professional, knowledgeable, and genuinely committed to delivering outstanding results. His communication was seamless, and his local expertise made all the difference. Highly recommend! ⭐⭐⭐⭐⭐

Sharon Sakai

Love this team of professionals who are committed to excellence!

It was a great experience working with Dan and The Hawaii Team on our purchase. Dan is very knowledgeable about everything Big Island During our search, he organized visits to homes that not only met our criteria but also showed us homes that helped build our vision of what is possible as well. He had kept all the details for these homes ready which coupled with the visits, helped narrow down the list to the home on which we made an offer (and won among the multiple offers received!) He also has access to all types of contractors for everything that possibly would be required - from inspectors, gardner, repairs, pool & roof specialist etc. that enabled us to have a comprehensive information that was desired by us in making the purchase decision as well as during the contract execution He also guided us on the local rules and regulations esp. as they pertain to the short term vacation rentals which was of immense value. All questions and issues that cropped up along the way were handled expediently and comprehensively. And then upon close, seamless transition to property management was also orchestrated by him and his team. Thank you Dan and team for everything and we look forward to a long association and working together again in the future.

Gary Bailey

Dan and his entire team were an extreme pleaseure to work with. When we had our first meeting with Dan, We knew within the first 10 minutes he was our person to represent one of our biggest transations of our lives and he delivered in every way imaginable. The photos , write up and brochure was meticulously done. His wide reach of clientele and local knowlege of the Hawaii market was instumental in the sale of our home. Dan and his team took on many tasks that were beyond the scope of work we hired him to do and they were happy to do it. I would consider Dan a friend now from our time working together and would recommend him and his team to anyone.

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