Hawaii Living

Kona Kai #A5 (Kona)

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74-5618 PALANI RD #A5, Kona

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Description
This is a leasehold property. CASH offers only.

Welcome to this beautifully renovated leasehold condo in Kona Kai! This one-bedroom, one-bathroom unit has been completely updated with new fixtures, cabinets, appliances, lights, and stunning stone countertops.

Enjoy breathtaking views from the lanai that overlooks the pool and boasts a small ocean view, making it the perfect place to relax and unwind.

This complex allows for short-term vacation rentals, making it an ideal investment opportunity. Laundry facilities are available on-site for your convenience, and the HOA fees cover gas for the stove, further adding to the value of this property.

Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $515 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Lease rent is currently $323 per month, paid to the lessor every 6 months.

Located in the heart of Kona, this condo offers convenience and affordability. Don't miss out on the opportunity to own a piece of paradise in one of Hawaii's most desirable locations.
Past Activity
  • Jul 21, 2024 Off Market
  • Jul 19, 2023 Sold for $164,000
  • Jun 04, 2023 Under Contract
  • May 05, 2023 Listed at $168,000
  • Nov 10, 2022 Sold for $100,000
  • Oct 11, 2022 Under Contract
  • Sep 16, 2022 Listed at $112,000
  • Jun 01, 2015 Sold for $38,500
  • May 07, 2015 Under Contract
  • Nov 16, 2011 Listed at $39,500
More Details
  • HOA Fees / ft²: $1.07
  • Price / ft²: $342
  • Zoning: CV-10
  • View: Garden, Ocean
  • Security Features: None
  • Amenities: Dishwasher, Disposal, Dryer, Gas Cooktop, Oven, Refrigerator, Washer
  • TMK: 3740100360005
  • Tax Assessed Value: $114,500
  • Courtesy: Kona Pacific Realty
  • MLS: 702356
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 November 06, 2024.
Other Kona Kai Listings
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Leasehold
$167,000
Kona Kai #D8
1 Bd | 1 Ba
624 ft²
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Leasehold
$159,000
Kona Kai #J2
2 Bds | 1 Ba
624 ft²
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Leasehold
$179,500
Kona Kai #M6
1 Bd | 1 Ba
535 ft²
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Leasehold
$149,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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Hilo Terrace #235
2 Bds | 1 Ba
695 ft²
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Wainaku Terrace #110
2 Bds | 1.5 Ba
706 ft²
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New 9 hours ago
$199,500
  • Sold 7/19/23 at $164,000
    (List Price: $168,000)
Description
This is a leasehold property. CASH offers only.

Welcome to this beautifully renovated leasehold condo in Kona Kai! This one-bedroom, one-bathroom unit has been completely updated with new fixtures, cabinets, appliances, lights, and stunning stone countertops.

Enjoy breathtaking views from the lanai that overlooks the pool and boasts a small ocean view, making it the perfect place to relax and unwind.

This complex allows for short-term vacation rentals, making it an ideal investment opportunity. Laundry facilities are available on-site for your convenience, and the HOA fees cover gas for the stove, further adding to the value of this property.

Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $515 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Lease rent is currently $323 per month, paid to the lessor every 6 months.

Located in the heart of Kona, this condo offers convenience and affordability. Don't miss out on the opportunity to own a piece of paradise in one of Hawaii's most desirable locations.
    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 November 06, 2024.
    Note: This page displays all condos for sale in Kona Kai.
    Other Kona Kai Listings
    • Photo
    • Photo
    • Photo
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    Leasehold
    $167,000
    Kona Kai #D8
    1 Bd | 1 Ba
    624 ft²
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    Leasehold
    $159,000
    Kona Kai #J2
    2 Bds | 1 Ba
    624 ft²
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    Leasehold
    $179,500
    Kona Kai #M6
    1 Bd | 1 Ba
    535 ft²
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    Leasehold
    $149,500
    Kona Kai #K4
    1 Bd | 1 Ba
    535 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.