74-5042 PALANI RD, KAILUA KONA, HI 96740

2 homes for the price of 1 in Kona, Owned solar, Hosted turn-key STVR

Listing Provided by: KW Big Island
MLS #: 732389

Description

One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6-bedroom, 4-bath single-family house. Completely renovated in 2021, this property will come with solid hosted vacation rental history and 4.9-star average Airbnb reviews. - Centrally located 5-minute drive to downtown Kona and beaches - 2024 gross- $60,500, 2025 Gross $53,700, 2026 current gross- $35,300 on front house ONLY. - Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property. - Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lighting choices. - Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area. - Fenced grassy yard complete with producing mango trees - Perfect 900ft elevation - Newer metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool. - Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood. - Seller-owned 36-panel photovoltaic system on NET metering. 10 years old with a 30-year warranty. Submeter for monitoring usage. - Brand new seamless gutters - 2 Large storage Sheds - Large walk-in tiled shower in back primary bedroom - 2 Primary bedrooms with private bathrooms - Low-maintenance granite and marble flooring - Massive back lanai perfect for morning coffee and enjoying your privacy - Rockwall and natural privacy fencing Buyer should independently research current and proposed STVR/TAR rules and regulations before purchasing

Property Details

Price: $999,900
Sold Price:
Address: 74-5042 PALANI RD, KAILUA KONA, HI 96740
Ownership: Full
Status: Active
Category: Residential
Type: Ground Unit, Single Family Home, Single Level

Total Bedrooms: 6
Total Bathrooms: 4
Full Baths: 4
Living Area: 2,068 Square Feet

Listed by: KW Big Island
Year Built: 1980
Levels:

Virtual Tour

Features and Amenities

Interior Features:
Exterior Features:
View: Forest, Garden, Mountain(s)
Pool:
Pool Features:

Appliances: Disposal, Dryer, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer
Fireplace Features:
Flooring: Ceramic Tile, Concrete
Security:
Laundry:

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

Community Information

Project Name:
Subdivision Name: KONA MACADAMIA ACRES
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 4
Flood Zone: X

Land Information

Lot Size: 9,314 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Grassy
Frontage Type:
Roads: Major Thoroghfare
Roads Frontage Type: Road/Street

Zoning: RS-7.5
Horse Amenities:

Additional Details

Assessed Tax Value: $956,500
Annual Tax: $10,617
Tax Year: 2026
Tax Lot: 73
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available
Cooling: Wall/Window Unit(s)
Heating:
Sewer: Cesspool
Water:
Solid Waste Disposal: Other (remarks)

First Listed July 30, 2026, 4:13 pm
Last Updated August 4, 2026, 6:02 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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