Hawaii Living

Kona Kai #B8 (Kona)

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74-5618 PALANI RD #B8 #B8, Kona

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Description
LOCATION! LOCATION! Affordable and quiet condo complex in the heart of downtown Kailua-Kona in great condition. Beautiful landscaping, assigned parking. Can be used as a vacation rental or long term rental. 2 bedroom, 1 bath, 616 sq ft - Nice two bedroom one bath condo on the second floor end unit with garden view and assigned parking just steps away from your front door. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and several other shopping centers across the street. Walking distance to the beach, restaurants, downtown shops and fun activities. Enjoy the outdoor swimming pool to cool down on those hot Kona days with a cold drink while enjoying the beautiful Kona sunshine on your screened in lanai. Coin laundry facilities available on site along with postal delivery as well.Conveniently located in downtown Kailua-Kona. Great investment property for long term rentals or for anyone hating their commute to town everyday.. This is LEASEHOLD property with lease rent due bi-annually.

Leasehold Details:
Reneg: 2029
LH Exp. Date: 2034
LH Rent: $190 monthly

Current Taxes: $524
Terms Accept.: Cash
Monthly Maint.: $584
CC&R's: Yes
Monthly Assessment $341.25 (3/17 - 6/17) Includes resurfacing both parking lots, lanai repairs, and water backflows on 10 of the 12 buildings. Kona Kai is in much better shape than ever before. Great owners and board members.
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Past Activity
  • Apr 27, 2023 Sold for $169,000
  • Mar 24, 2023 Under Contract
  • Mar 19, 2023 Listed at $169,000
  • May 10, 2017 Sold for $60,000
  • Mar 11, 2017 Under Contract
  • Feb 22, 2017 Listed at $60,000
More Details
  • HOA Fees / ft²: $0.95
  • Price / ft²: $97
  • Zoning: CV-10
  • View: Garden
  • Security Features: Smoke Detector(s)
  • Amenities: Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
  • TMK: 3740100360016
  • Tax Assessed Value: $45,900
  • Courtesy: Island Home Realty, Inc.
  • MLS: 604343
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 21, 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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Leasehold
$140,000
Kona Kai #I2
1 Bd | 1 Ba
515 ft²
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Leasehold
$164,900
Kona Kai #A2
2 Bds | 1 Ba
616 ft²
Other Hawaii Condos
  • Sold 5/10/17 at $60,000
    (List Price: $60,000)
Description
LOCATION! LOCATION! Affordable and quiet condo complex in the heart of downtown Kailua-Kona in great condition. Beautiful landscaping, assigned parking. Can be used as a vacation rental or long term rental. 2 bedroom, 1 bath, 616 sq ft - Nice two bedroom one bath condo on the second floor end unit with garden view and assigned parking just steps away from your front door. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and several other shopping centers across the street. Walking distance to the beach, restaurants, downtown shops and fun activities. Enjoy the outdoor swimming pool to cool down on those hot Kona days with a cold drink while enjoying the beautiful Kona sunshine on your screened in lanai. Coin laundry facilities available on site along with postal delivery as well.Conveniently located in downtown Kailua-Kona. Great investment property for long term rentals or for anyone hating their commute to town everyday.. This is LEASEHOLD property with lease rent due bi-annually.

Leasehold Details:
Reneg: 2029
LH Exp. Date: 2034
LH Rent: $190 monthly

Current Taxes: $524
Terms Accept.: Cash
Monthly Maint.: $584
CC&R's: Yes
Monthly Assessment $341.25 (3/17 - 6/17) Includes resurfacing both parking lots, lanai repairs, and water backflows on 10 of the 12 buildings. Kona Kai is in much better shape than ever before. Great owners and board members.
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    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 21, 2024.
    • Apr 27, 2023 Sold for $169,000
    • Mar 24, 2023 Under Contract
    • Mar 19, 2023 Listed at $169,000
    • May 10, 2017 Sold for $60,000
    • Mar 11, 2017 Under Contract
    • Feb 22, 2017 Listed at $60,000
    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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    Leasehold
    $140,000
    Kona Kai #I2
    1 Bd | 1 Ba
    515 ft²
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    Leasehold
    $164,900
    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.
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