75-5776 KUAKINI HIGHWAY, #123, KAILUA-KONA, HI 96740
Kona Islander Inn #123: Popular Kailua-Kona Investment Property
Listing Provided by: COMPASS
MLS #: 720985
MLS #: 720985
Description
This is a leasehold property. With over $67,000 gross yearly income, this is a great investment property!Welcome to your tropical escape at the Kona Islander Inn! This charming condo offers a private lanai that opens to beautifully landscaped grounds, inviting you to relax and recharge in a serene setting. Whether you're sipping your morning coffee or unwinding after a day of adventure, this peaceful space is the perfect retreat.This unit is currently an active Short-Term Vacation Rental with a solid history of bookings—an ideal opportunity for those seeking an investment property in the heart of Kailua-Kona. The complex features resort-style amenities including a pool and hot tub, lush tropical gardens, BBQ grills, and a welcoming front desk team to assist with guest check-ins and check-outs.Perfectly situated on vibrant Alii Drive, you're just steps away from beaches, restaurants, shops, and local entertainment. Parking is available on a first-come, first-serve basis, and the on-site laundry room is accessible with a key card.Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet, helping you keep your costs fixed and budgeting simple. The lease runs through 2079 with a renegotiation date set for 2029.Don’t miss this opportunity to own a slice of paradise in one of Kona’s most popular vacation destinations!
Property Details
Price: $209,000
Sold Price:
Address: 75-5776 KUAKINI HIGHWAY, #123, KAILUA-KONA, HI 96740
Ownership: CPR
Status: Active
Category: Residential
Type:
Sold Price:
Address: 75-5776 KUAKINI HIGHWAY, #123, KAILUA-KONA, HI 96740
Ownership: CPR
Status: Active
Category: Residential
Type:
Total Bedrooms:
Total Bathrooms: 1
Full Baths: 1
Living Area: 372 Square Feet
Features and Amenities
Interior Features:
Exterior Features:
View:
Pool:
Pool Features:
Appliances: HIS Microwave Hood, Refrigerator
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Unassigned
Additional Structures:
Home Warranty:
Carport Spaces:
Parking Features: Unassigned
Additional Structures:
Home Warranty:
Community Information
Project Name: KONA ISLANDER INN
Subdivision Name:
Association Fee: $1,288 Monthly
Subdivision Name:
Association Fee: $1,288 Monthly
Stories:
Year Established:
Year Established:
Lava Zone: 4
Flood Zone: AE, X
Flood Zone: AE, X
Land Information
Lot Size: Square Feet
Waterfront:
Land Lease Rent: $255
Lease Type:
Land Tenure: Leasehold
Waterfront:
Land Lease Rent: $255
Lease Type:
Land Tenure: Leasehold
Lot Features:
Frontage Type:
Roads: County, Private
Roads Frontage Type:
Frontage Type:
Roads: County, Private
Roads Frontage Type:
Zoning: V-.75
Horse Amenities:
Horse Amenities:
Additional Details
Assessed Tax Value: $200,500
Annual Tax: $2,463
Tax Year: 2024
Tax Lot:
Tax Block:
Utilities: Electricity Available, Sewer Connected, Water Available
Cooling:
Heating:
Sewer:
Water: Public
Solid Waste Disposal: Included with Maintenance Fees
Cooling:
Heating:
Sewer:
Water: Public
Solid Waste Disposal: Included with Maintenance Fees
First Listed May 15, 2025, 9:19 am
Last Updated June 2, 2025, 8:45 am
Listing Conditions: Leasehold, Standard
Property Condition:
Financial Info Available:
© 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. IDX and Information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.