Hawaii Living

Kona Kai #I2 (Kona)

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74-5618 PALANI RD #I2, Kona

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Description
This is a leasehold property. This is that one unit at Kona Kai that everyone hopes to own. Located on the top floor at the far corner of the property, this end-unit condo offers all the best of Kona Kai. You will have a space right in town and be within walking distance to the ocean all the events Kona offers, yet be tucked away in the top corner to enjoy your own ocean-view immaculate space. The new finishes are tastefully done and include new flooring, paint, cabinets, appliances, lighting, plumbing fixtures, and a gorgeous custom bathroom. Just bring your Kona dreams, and prepare for year-round sunsets and ocean enjoyment, the work here is already done.
This rarely available location is perfect for a primary residence or investment Buyer,
Short-term rentals, long-term rentals, and pets are allowed at Kona Kai. STR permits are available via the County of Hawaii.
OFFERS MUST BE CASH due to the leasehold status. Quick close is available
The leasehold payments are shown monthly at $308 and are paid every 6 months to the Queen Liliuokalani Trust. The $508 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.
Past Activity
  • Nov 06, 2024 Listed at $140,000
  • Nov 19, 2021 Sold for $155,000
  • Oct 20, 2021 Under Contract
  • Oct 18, 2021 Listed at $147,500
  • Jul 09, 2019 Under Contract
  • Mar 07, 2019 Listed at $93,999
  • Sep 01, 2017 Sold for $40,000
  • Aug 23, 2017 Under Contract
  • Aug 19, 2017 Listed at $50,000
More Details
  • HOA Fees / ft²: $0.99
  • Price / ft²: $301
  • Zoning: CV-10
  • View: City, Ocean, Ocean Horizon
  • Amenities: Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • TMK: 3740100360057
  • Tax Assessed Value: $79,200
  • Courtesy: Hawaii Real Estate Group LLC
  • MLS: 655338
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
$149,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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New 8 hours ago Leasehold
$140,000
Kona Kai #I2
1 Bd | 1 Ba
515 ft²
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Leasehold
$139,000
Kona Kai #C6
1 Bd | 1 Ba
480 ft²
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Leasehold
$159,000
Kona Kai #J2
2 Bds | 1 Ba
624 ft²
Other Big Island Condos
  • Sold 11/19/21 at $155,000
    (List Price: $147,500)
Description
This is a leasehold property. This is that one unit at Kona Kai that everyone hopes to own. Located on the top floor at the far corner of the property, this end-unit condo offers all the best of Kona Kai. You will have a space right in town and be within walking distance to the ocean all the events Kona offers, yet be tucked away in the top corner to enjoy your own ocean-view immaculate space. The new finishes are tastefully done and include new flooring, paint, cabinets, appliances, lighting, plumbing fixtures, and a gorgeous custom bathroom. Just bring your Kona dreams, and prepare for year-round sunsets and ocean enjoyment, the work here is already done.
This rarely available location is perfect for a primary residence or investment Buyer,
Short-term rentals, long-term rentals, and pets are allowed at Kona Kai. STR permits are available via the County of Hawaii.
OFFERS MUST BE CASH due to the leasehold status. Quick close is available
The leasehold payments are shown monthly at $308 and are paid every 6 months to the Queen Liliuokalani Trust. The $508 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.
    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.
    • Nov 06, 2024 Listed at $140,000
    • Nov 19, 2021 Sold for $155,000
    • Oct 20, 2021 Under Contract
    • Oct 18, 2021 Listed at $147,500
    • Jul 09, 2019 Under Contract
    • Mar 07, 2019 Listed at $93,999
    • Sep 01, 2017 Sold for $40,000
    • Aug 23, 2017 Under Contract
    • Aug 19, 2017 Listed at $50,000
    Note: This page displays all condos for sale in Kona Kai.
    Other Kona Kai Listings
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    Leasehold
    $149,500
    Kona Kai #K4
    1 Bd | 1 Ba
    535 ft²
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    New 8 hours ago Leasehold
    $140,000
    Kona Kai #I2
    1 Bd | 1 Ba
    515 ft²
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    Leasehold
    $139,000
    Kona Kai #C6
    1 Bd | 1 Ba
    480 ft²
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    Leasehold
    $159,000
    Kona Kai #J2
    2 Bds | 1 Ba
    624 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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    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.
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