Hawaii Living

Kona Kai #I8 (Kona)

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74-5618 PALANI RD #I8, Kona

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Description
This is a Leasehold property. Located in Kona Kai, just a short walk to the crystal blue waters of Kailua Bay and the shops and restaurants that line Ali’i Drive, this second-floor ocean-view condo has everything you need to enjoy the Hawaii lifestyle. Well laid-out kitchen and dining area lead into a comfortable living room with sliding doors out to the ocean-view lanai. From the lanai, there is a beautiful view of the south Kona coastline, and you are sure to enjoy many famous Kona sunsets. Updated restroom and spacious bedroom with a large closet and ocean-view.

Nicely landscaped with bananas, heliconia, royal poinciana, Ti, Palms and other tropical ornamentals, the grounds will be enjoyed by owners and visitors alike and the complex is approved for Short Term Vacation Rentals with permit. This unit does not currently have a permit in place, please contact planning department for more information on the process for obtaining a STVR permit.

Shared amenities include a pool, BBQ area, coin laundry and mailboxes. This unit comes with a conveniently located assigned parking space adjacent to the entrance.

This is a leasehold property, and a cash-only sale. The lease will renegotiate in 2029, and runs through 2034. Annual lease rent $3,900, two payments of $1,950 due semi-annually.
Past Activity
More Details
  • HOA Fees / ft²: $0.99
  • Price / ft²: $214
  • Zoning: CV-10
  • View: HIS Coastline, HIS Sunset, Ocean, Ocean Horizon
  • Amenities: Dryer, Range, Range Hood, Refrigerator, Washer
  • TMK: 3740100360063
  • Tax Assessed Value: $79,200
  • Courtesy: Iokua Real Estate, Inc. - Hilo
  • MLS: 652362
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
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Hotel Molokai #A102
Studio | 1 Ba
297 ft²
  • Sold 9/17/21 at $110,000
    (List Price: $99,000)
Description
This is a Leasehold property. Located in Kona Kai, just a short walk to the crystal blue waters of Kailua Bay and the shops and restaurants that line Ali’i Drive, this second-floor ocean-view condo has everything you need to enjoy the Hawaii lifestyle. Well laid-out kitchen and dining area lead into a comfortable living room with sliding doors out to the ocean-view lanai. From the lanai, there is a beautiful view of the south Kona coastline, and you are sure to enjoy many famous Kona sunsets. Updated restroom and spacious bedroom with a large closet and ocean-view.

Nicely landscaped with bananas, heliconia, royal poinciana, Ti, Palms and other tropical ornamentals, the grounds will be enjoyed by owners and visitors alike and the complex is approved for Short Term Vacation Rentals with permit. This unit does not currently have a permit in place, please contact planning department for more information on the process for obtaining a STVR permit.

Shared amenities include a pool, BBQ area, coin laundry and mailboxes. This unit comes with a conveniently located assigned parking space adjacent to the entrance.

This is a leasehold property, and a cash-only sale. The lease will renegotiate in 2029, and runs through 2034. Annual lease rent $3,900, two payments of $1,950 due semi-annually.
    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.
    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.
    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.