Hawaii Living

Kona Kai #K4 (Kona)

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74-5618 PALANI RD #K4, Kona

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly: - Coldwell Banker Island Properties - Hilo

Description
This is a LEASEHOLD property. Location, location, location! Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom second floor unit in the center of Kona Kai, with a partial mountain view from the deck. Fitted with new kitchen appliances, freshly painted, as well as numerous repairs made around the unit.

Zoning currently allows for short term vacation rental. Current lease rent is $323 per month (paid to lessor every 6 months), and is expected to be renegotiated in Dec 2029, with the current lease expiring at the end 2034. Current maintenance fees are $529 per month and include landscaping, common area maintenance, trash, propane gas for cooking, hot water, and common area insurance. Kona Kai has a nice pool and BBQ area with picnic tables, and a coin operated laundry with new machines. Priced for CASH sale as traditional lender financing is not available. Great value for a place right in town.

MLS listing information and Public Records are thought to be reliable but cannot be guaranteed. Buyers should verify any information they deem important or material to their purchase. Complex Management is though Associa Hawaii.
Recent Activity
Past Sales
  • #G2: 2 Bds | 1 Ba @ $100K (8/28/24)
  • #D5: 1 Bd | 1 Ba @ $165K (7/23/24)
  • #F8: 3 Bds | 2 Ba @ $221K (1/30/24)
  • #J4: 1 Bd | 1 Ba @ $150K (1/5/24)
  • #C8: 2 Bds | 1 Ba @ $150K (10/31/23)
  • #L1: 1 Bd | 1 Ba @ $130K (8/23/23)
  • #A5: 1 Bd | 1 Ba @ $164K (7/19/23)
  • #K4: 1 Bd | 1 Ba @ $100K (6/8/23)
  • #M7: 2 Bds | 1 Ba @ $175K (5/30/23)
  • #K7: 1 Bd | 1 Ba @ $97K (5/29/23)
  • #D2: 2 Bds | 1 Ba @ $135K (5/24/23)
  • #B8: 2 Bds | 1 Ba @ $169K (4/27/23)
  • #A3: 1 Bd | 1 Ba @ $165K (4/10/23)
  • #J3: 1 Bd | 1 Ba @ $140K (3/24/23)
  • #A1: 2 Bds | 1 Ba @ $216K (3/17/23)
  • #I1: 1 Bd | 1 Ba @ $116K (3/7/23)
  • #M8: 2 Bds | 1 Ba @ $177K (1/19/23)
  • #C5: 1 Bd | 1 Ba @ $115K (12/23/22)
  • #K5: 1 Bd | 1 Ba @ $140K (12/5/22)
  • #M6: 1 Bd | 1 Ba @ $125K (7/7/22)
  • #B6: 1 Bd | 1 Ba @ $162K (6/30/22)
  • #G5: 1 Bd | 1 Ba @ $115K (2/22/22)
  • #C2: 2 Bds | 1 Ba @ $183K (12/9/21)
  • #E2: 2 Bds | 1 Ba @ $208K (11/29/21)
  • #I2: 1 Bd | 1 Ba @ $155K (11/19/21)
  • #F3: 1 Bd | 1 Ba @ $120K (10/29/21)
  • #I4: 1 Bd | 1 Ba @ $120K (10/21/21)
  • #F7: 2 Bds | 1 Ba @ $239K (10/11/21)
  • #I8: 1 Bd | 1 Ba @ $110K (9/17/21)
  • #A7: 2 Bds | 1 Ba @ $167K (9/14/21)
  • #J6: 1 Bd | 1 Ba @ $82K (9/10/21)
  • #J2: 2 Bds | 1 Ba @ $158K (8/9/21)
  • #K1: 1 Bd | 1 Ba @ $90K (8/6/21)
  • #B2: 2 Bds | 1 Ba @ $150K (5/27/21)
  • #K3: 1 Bd | 1 Ba @ $89K (5/7/21)
  • #D6: 1 Bd | 1 Ba @ $55K (4/30/21)
  • #I5: 1 Bd | 1 Ba @ $72K (3/30/21)
  • #C7: 2 Bds | 1 Ba @ $100K (3/16/21)
  • #K2: 1 Bd | 1 Ba @ $88K (3/3/21)
  • #L5: 1 Bd | 1 Ba @ $78K (3/1/21)
  • #I6: 1 Bd | 1 Ba @ $95K (1/14/21)
  • #C3: 1 Bd | 1 Ba @ $75K (12/21/20)
  • #C1: 2 Bds | 1 Ba @ $130K (9/28/20)
  • #G6: 1 Bd | 1 Ba @ $75K (7/2/20)
  • #G4: 1 Bd | 1 Ba @ $79K (5/19/20)
  • #G8: 2 Bds | 1 Ba @ $130K (3/31/20)
  • #A4: 1 Bd | 1 Ba @ $94K (12/10/19)
  • #A2: 2 Bds | 1 Ba @ $96K (11/15/19)
  • #B7: 2 Bds | 1 Ba @ $85K (9/18/19)
  • #M3: 1 Bd | 1 Ba @ $220K (8/20/19)
More Details
  • HOA Fees / ft²: $0.99
  • Price / ft²: $279
  • Zoning: CV-10
  • Amenities: Dryer, Microwave, Range, Refrigerator, Washer
  • TMK: 3740100360075
  • Tax Assessed Value: $111,200
  • Courtesy: Coldwell Banker Island Properties - Hilo
  • MLS: 711037
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
$159,000
Kona Kai #J2
2 Bds | 1 Ba
624 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
$167,000
Kona Kai #D8
1 Bd | 1 Ba
624 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
  • Asking Price: $149,500
Description
This is a LEASEHOLD property. Location, location, location! Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom second floor unit in the center of Kona Kai, with a partial mountain view from the deck. Fitted with new kitchen appliances, freshly painted, as well as numerous repairs made around the unit.

Zoning currently allows for short term vacation rental. Current lease rent is $323 per month (paid to lessor every 6 months), and is expected to be renegotiated in Dec 2029, with the current lease expiring at the end 2034. Current maintenance fees are $529 per month and include landscaping, common area maintenance, trash, propane gas for cooking, hot water, and common area insurance. Kona Kai has a nice pool and BBQ area with picnic tables, and a coin operated laundry with new machines. Priced for CASH sale as traditional lender financing is not available. Great value for a place right in town.

MLS listing information and Public Records are thought to be reliable but cannot be guaranteed. Buyers should verify any information they deem important or material to their purchase. Complex Management is though Associa Hawaii.
    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
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    Leasehold
    $159,000
    Kona Kai #J2
    2 Bds | 1 Ba
    624 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
    $167,000
    Kona Kai #D8
    1 Bd | 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.
    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.