75-5921 WALUA RD, #1, KAILUA-KONA, HI 96740

High earning Vacation Rental View property in the heart of Kailua Village!

Listing Provided by: Coast Properties Ltd.
MLS #: 725117

Description

High-Income spacious two-story Vacation Rental in the Heart of Kailua-Kona Village with exceptional ocean/sunset views!Prime Commercial (CV10) Zoned Property just ½ Block above Ali‘i Drive. Ideal for residential, business, or mixed-use development (2,862 sq. ft. of total interior space).Discover one of Kona’s most versatile and profitable investment properties! This centrally located free-standing building in Kailua-Kona Village offers both residential comfort and commercial potential; just steps from beaches, restaurants, shops, resorts and more!Income & Opportunity: - Proven high-income vacation rental: averaging $120,000 annually- Active and transferable STVR license- Commercial zoning allows flexible use: additional residential units, medical or business offices, or creative studio spacesUpper-Level Residence:- 1,538 sq. ft. of living space with central AC system as well as ceiling fans throughout- Spacious 3 bedrooms / 2 bathrooms- Expansive 462 sq. ft. covered lanai (porch) with stunning ocean and sunset views.- Bright living room with lots of natural light and more stunning sea/horizon views- Full kitchen, tiled dining area, and laundry roomLower-Level Space: - 1,324 sq. ft. of finished interior space- 3 large garage/studio bays with bathroom and laundry room- Additional expansive 480 sq. ft. private lanai (covered porch) with tropical garden views- Separate entrances, perfect for conversion into additional residential units, studios, or offices- Parking: 8 paved open spaces and driveway for easy access- Electric: Two separate 200-amp meters (upstairs & downstairs) for all your commercial/residential needsLive, work, and earn, all in one of Kona’s most desirable and walkable locations...This property truly represents one of the best investment opportunities in Kailua Village today!

Property Details

Price: $1,600,000
Sold Price:
Address: 75-5921 WALUA RD, #1, KAILUA-KONA, HI 96740
Ownership: Full
Status: Active
Category: Commercial Sale
Type: Single Family Home

Total Bedrooms: 3
Total Bathrooms: 3
Full Baths: 3
Living Area: 2,862 Square Feet

Listed by: Coast Properties Ltd.
Year Built: 2005
Levels: Two

Features and Amenities

Interior Features: High Ceilings, Office, Overhead Door
Exterior Features: Lightning
View: Bay, City, HIS Sunset, Mountain(s), Ocean
Pool:
Pool Features:

Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer, Washer/Dryer Stacked
Fireplace Features:
Flooring: Carpet, Ceramic Tile
Security: Fire Sprinkler System, Smoke Detector(s)
Laundry:

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

Community Information

Project Name:
Subdivision Name:
Association Fee: $0 Monthly

Stories: 2
Year Established:

Lava Zone: 4
Flood Zone: X

Land Information

Lot Size: 11,482 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Landscaped, See Remarks
Frontage Type:
Roads: County, Paved
Roads Frontage Type: HIS Road/Street

Zoning: CV-10
Horse Amenities:

Additional Details

Assessed Tax Value: $1,212,400
Annual Tax: $12,973
Tax Year: 2025
Tax Lot: C
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
Cooling: Central Air, HIS Air Conditioning, Wall/Window Unit(s)
Heating:
Sewer:
Water: Public
Solid Waste Disposal: Private Contractor

First Listed November 13, 2025, 8:42 am
Last Updated November 15, 2025, 5:11 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available: Owner

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