Hawaii Living

Kona Kai #A2 (Kona)

74-5618 PALANI RD #A2, Kona

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Description
This two bedroom one bath condo was beautifully remodeled in 2011, including features not seen in other Kona Kai units. This is move-in ready. There is a real ocean view from the lanai. End unit.

This is a leasehold complex, and management has announced the lease will not be renewed after it expires 12/30/2034. It is either an inexpensive place to live or a good investment if you can make the numbers work. There are 20 years remaining on the lease. This must be a cash transaction. A mortgage is not possible in this complex. Here are the numbers for monthly expenses:

HOA fees (includes propane gas for stove) — $555.83
Lease rent — $189.60
Property tax — $39.20
Total $784.63

Ask your Realtor to show you comps and rental rates.
Past Activity
  • Sep 24, 2024 Listed at $159,000
  • Nov 15, 2019 Sold for $96,000
  • Oct 22, 2019 Under Contract
  • Jul 09, 2019 Listed at $110,000
  • Sep 26, 2014 Sold for $45,000
  • Aug 29, 2014 Under Contract
  • Jul 03, 2014 Listed at $49,900
More Details
  • HOA Fees / ft²: $0.90
  • Price / ft²: $73
  • Zoning: CV-10
  • View: HIS Sunset, Ocean
  • Security Features: Smoke Detector(s)
  • Amenities: Disposal, Range, Refrigerator
  • TMK: 3740100360002
  • Tax Assessed Value: $45,100
  • Courtesy: Clark Realty - Kona
  • MLS: 274994
Good to Know
Note: This page displays all condos for sale in Kona Kai.
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on December 25, 2024.
Other Kona Kai Listings
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Leasehold
$129,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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Leasehold
$139,000
Kona Kai #C6
1 Bd | 1 Ba
480 ft²
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New 22 hours ago Leasehold
$140,000
Kona Kai #J5
1 Bd | 1 Ba
515 ft²
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Leasehold
$159,000
Kona Kai #A2
2 Bds | 1 Ba
616 ft²
Other Hawaii Condos
  • Sold 9/26/14 at $45,000
    (List Price: $49,900)
Description
This two bedroom one bath condo was beautifully remodeled in 2011, including features not seen in other Kona Kai units. This is move-in ready. There is a real ocean view from the lanai. End unit.

This is a leasehold complex, and management has announced the lease will not be renewed after it expires 12/30/2034. It is either an inexpensive place to live or a good investment if you can make the numbers work. There are 20 years remaining on the lease. This must be a cash transaction. A mortgage is not possible in this complex. Here are the numbers for monthly expenses:

HOA fees (includes propane gas for stove) — $555.83
Lease rent — $189.60
Property tax — $39.20
Total $784.63

Ask your Realtor to show you comps and rental rates.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on December 25, 2024.
    • Sep 24, 2024 Listed at $159,000
    • Nov 15, 2019 Sold for $96,000
    • Oct 22, 2019 Under Contract
    • Jul 09, 2019 Listed at $110,000
    • Sep 26, 2014 Sold for $45,000
    • Aug 29, 2014 Under Contract
    • Jul 03, 2014 Listed at $49,900
    Note: This page displays all condos for sale in Kona Kai.
    Other Kona Kai Listings
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    Leasehold
    $129,500
    Kona Kai #K4
    1 Bd | 1 Ba
    535 ft²
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    Leasehold
    $139,000
    Kona Kai #C6
    1 Bd | 1 Ba
    480 ft²
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    New 22 hours ago Leasehold
    $140,000
    Kona Kai #J5
    1 Bd | 1 Ba
    515 ft²
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    Leasehold
    $159,000
    Kona Kai #A2
    2 Bds | 1 Ba
    616 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. However, the sale is still 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.