Hawaii Living

Kona Kai #B8 (Kona)

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74-5618 PALANI RD #B8, Kona

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Description
This is a leasehold property.
Affordable 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. Second floor end unit with garden view and assigned parking right in front of your unit. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and Lanihau Shopping Center 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.
Maintenance fee includes water, gas for cooking and hot water, selected items recycling and trash removal, landscaping services, pest control spraying every three months, one designated parking spot in front of unit, regular maintenance of common areas & pool maintenance.
Lease rent due bi-annually. Lease rent renegotiates 2029. Lease expires in 2034.
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: $1.64
  • Price / ft²: $274
  • Zoning: CV-10
  • Amenities: Dryer, HIS Microwave Hood, Range, Refrigerator, Washer
  • TMK: 3740100360016
  • Tax Assessed Value: $112,500
  • Courtesy: Hawaii Real Estate Professor LLC
  • MLS: 668746
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
$188,500
Kona Kai #G1
2 Bds | 1 Ba
616 ft²
Other Big Island Condos
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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 8 hours ago
$199,500
  • Sold 4/27/23 at $169,000
    (List Price: $169,000)
Description
This is a leasehold property.
Affordable 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. Second floor end unit with garden view and assigned parking right in front of your unit. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and Lanihau Shopping Center 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.
Maintenance fee includes water, gas for cooking and hot water, selected items recycling and trash removal, landscaping services, pest control spraying every three months, one designated parking spot in front of unit, regular maintenance of common areas & pool maintenance.
Lease rent due bi-annually. Lease rent renegotiates 2029. Lease expires in 2034.
    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.
    • 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
    • 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
    $188,500
    Kona Kai #G1
    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.
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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.