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Kona Islander Inn #119 (Kona)

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75-5776 Kuakini Hwy #119, Kona

Description
This is a leasehold property. One of the BEST income properties available for the price, with a good return on investment. Successful vacation rental with 56 years left on the current leasehold. Unit 119 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away! Very nice and popular unit, turnkey and in top condition, located in the well liked and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The unit is well equipped with an air conditioner, microwave, small fridge, and linens. The Kona Islander Inn has tropical landscaping, pool & spa, 2 BBQs, and front desk staff who can manage check in & outs if needed. This prime downtown Kona location is close to restaurants, beaches, Pier, volleyball courts, and has direct access to Alii drive and Kuakini Hwy. On-site laundry room accessible by key card.

Designated as a Hotel and DOES NOT need a vacation rental permit !

The maintenance fees include electricity, water & sewer, trash, basic cable, high speed internet, and all exterior and grounds maintenance.

MLS # 702301
Past Activity
More Details
  • HOA Fees / ft²: $1.96
  • Price / ft²: $537
  • Zoning: V-.75
  • View: Garden
  • Amenities: Microwave, Other, Refrigerator
  • TMK: 3750080030033
  • Tax Assessed Value: $142,100
  • Courtesy: Real Broker LLC
  • MLS: 702301
About Kona Islander Inn
  • Address: 75-5776 Kuakini Hwy, Kailua-Kona, HI 96740.
     
  • Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
     
  • Amenities: Pool, Hot Tub.
     
  • Short-term Vacation Renting: Allowed.
     
  • Developer: Kona Islander Inn Corp.

The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.

The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor  ..... Read more.


MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 12, 2025.
Other Kona Islander Inn Listings
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Leasehold
$225,000
Kona Islander Inn #138
1 Bd | 1 Ba
372 ft²
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Leasehold
$229,000
Kona Islander Inn #339
Studio | 1 Ba
372 ft²
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Leasehold
$235,000
Kona Islander Inn #326
Studio | 1 Ba
372 ft²
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Leasehold
$239,000
Kona Islander Inn #329
Studio | 1 Ba
372 ft²
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$199,000
33 Hualalai #203
1 Bd | 1 Ba
608 ft²
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$180,000
Puueo Villa #16
2 Bds | 1 Ba
660 ft²
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$220,000
Waiakea Villas #4226
1 Bd | 1 Ba
519 ft²
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$240,000
Hilo Terrace #202
2 Bds | 1 Ba
695 ft²
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$259,000
Wainaku Terrace #106
2 Bds | 1.5 Ba
706 ft²
Makiki
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$200,000
Oahuan Ltd #218
Studio | 1 Ba
400 ft²
  • Sold 1/12/24 at $199,900
    (List Price: $199,900)
Description
This is a leasehold property. One of the BEST income properties available for the price, with a good return on investment. Successful vacation rental with 56 years left on the current leasehold. Unit 119 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away! Very nice and popular unit, turnkey and in top condition, located in the well liked and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The unit is well equipped with an air conditioner, microwave, small fridge, and linens. The Kona Islander Inn has tropical landscaping, pool & spa, 2 BBQs, and front desk staff who can manage check in & outs if needed. This prime downtown Kona location is close to restaurants, beaches, Pier, volleyball courts, and has direct access to Alii drive and Kuakini Hwy. On-site laundry room accessible by key card.

Designated as a Hotel and DOES NOT need a vacation rental permit !

The maintenance fees include electricity, water & sewer, trash, basic cable, high speed internet, and all exterior and grounds maintenance.

MLS # 702301
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 12, 2025.
    • Address: 75-5776 Kuakini Hwy, Kailua-Kona, HI 96740.
       
    • Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
       
    • Amenities: Pool, Hot Tub.
       
    • Short-term Vacation Renting: Allowed.
       
    • Developer: Kona Islander Inn Corp.

    The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.

    The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor  ..... Read more.


    Other Kona Islander Inn Listings
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    Leasehold
    $225,000
    Kona Islander Inn #138
    1 Bd | 1 Ba
    372 ft²
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    Leasehold
    $229,000
    Kona Islander Inn #339
    Studio | 1 Ba
    372 ft²
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    Leasehold
    $235,000
    Kona Islander Inn #326
    Studio | 1 Ba
    372 ft²
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    Leasehold
    $239,000
    Kona Islander Inn #329
    Studio | 1 Ba
    372 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, we 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.