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75-5776 Kuakini Hwy #249 (Kona)

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Photo 1 of 75-5776 Kuakini Hwy #249, Kona
Photo 2 of 75-5776 Kuakini Hwy #249, Kona
Photo 3 of 75-5776 Kuakini Hwy #249, Kona
  • Sold 9/8/23 at $285,000
    (List Price: $279,000)
  • Baths: 1
  • Living: 372 ft²
  • Tenure: Leasehold ?
  • Leasehold Expiry: 2079
  • Lease Rent: $203 / month
  • Land: 3 acre
  • Built: 1969
  • Maint. (HOA) Fees: $740 / month
  • Property Taxes: $213 / month ?
  • Est. Mortgage: $1,338 / mo - adjust loan
  • Time Listed for Sale: 3 days
  • Status: Sold
  • Buy without visiting ?
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75-5776 Kuakini Hwy #249, Kona
Description
This is a leasehold property. Very nice and popular ocean view unit, turnkey and in top condition, located in the popular and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The KII is a very popular smaller resort with a lush garden and charming buildings and lobby. Designated as a Hotel and DOES NOT need a vacation rental permit ! Unit 249 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away. The unit was totally renovated a year ago with a new stylish kitchenette and granite counter tops, and tiled bath and floors. Newer furniture with a queen bed and leather sofa, and a newer 65" TV. ALL costs such as Lease fee, electric, hot water, Cable and Internet included in the $940/m HOA fee ! This leasehold property has a lease that does not expire until 2079. One of the BEST income properties available for the price, with a good return on investment.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.99
  • Price / ft²: $766
  • Zoning: V-.75
  • View: Bay, Coastline, Ocean, Ocean Horizon, Sunset
  • Security Features: Key Card Entry, Security Guard
  • Amenities: Freezer, Induction Cooktop, Microwave, Refrigerator
  • TMK: 3750080030135
  • Tax Assessed Value: $182,800
  • Courtesy: Savvy Realty & Loans / 8082288501
  • MLS: 670329
About Kona
  • Kona is the sunny west coast of the Big Island, making it the popular destination of tourists instead of the rainier Hilo side (see our weather data page).
     
  • In addition to new housing being built in existing Kona residential areas, especially Kailua-Kona, in the wake of the post 1950s tourism economy boom, recent years have seen new luxury master-planned communities like HualalaiKukio & Kohanaiki created as well.

Kona subdivisions include:
  • Alii Point - Oceanfront community. 19 lots of 4.6K Sq Ft - 1 acre with 2 - 5BR, 1 & 2-story ho
  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 04, 2026.
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  • Sold 9/8/23 at $285,000
    (List Price: $279,000)
Description
This is a leasehold property. Very nice and popular ocean view unit, turnkey and in top condition, located in the popular and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The KII is a very popular smaller resort with a lush garden and charming buildings and lobby. Designated as a Hotel and DOES NOT need a vacation rental permit ! Unit 249 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away. The unit was totally renovated a year ago with a new stylish kitchenette and granite counter tops, and tiled bath and floors. Newer furniture with a queen bed and leather sofa, and a newer 65" TV. ALL costs such as Lease fee, electric, hot water, Cable and Internet included in the $940/m HOA fee ! This leasehold property has a lease that does not expire until 2079. One of the BEST income properties available for the price, with a good return on investment.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 04, 2026.
    • Kona is the sunny west coast of the Big Island, making it the popular destination of tourists instead of the rainier Hilo side (see our weather data page).
       
    • In addition to new housing being built in existing Kona residential areas, especially Kailua-Kona, in the wake of the post 1950s tourism economy boom, recent years have seen new luxury master-planned communities like HualalaiKukio & Kohanaiki created as well.

    Kona subdivisions include:
    • Alii Point - Oceanfront community. 19 lots of 4.6K Sq Ft - 1 acre with 2 - 5BR, 1 & 2-story ho
      ... Read more
    Other Kona Homes
    Leasehold
    $499,000
    78-6968 Mamalahoa Highway
    3 Bds | 1 Ba
    800 ft²
    $558,500
    75-221 Aloha Kona Dr
    3 Bds | 2 Ba
    1,120 ft²
    $599,000
    76-6247 Kupuna St
    3 Bds | 3 Ba
    2,157 ft²
    $599,000
    76-6199 Pakalana Rd
    4 Bds | 1 Ba
    1,154 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, our network of agents can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.