Hawaii Living

Kona Kai #K5 (Kona)

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74-5618 PALANI RD #K5, Kona

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Description
This is a leasehold property. Located close to shopping, beaches, and businesses, this freshly painted, furnished space is easy living and ready for a new owner. Kona Kai allows pets with approval from the HOA, as well as short-term rentals. This makes this complex a favorite of full-time residents and visitors. There is a pool and a coin-operated laundry center for all owners and guests to enjoy. One assigned parking space is included.
OFFERS MUST BE CASH due to the leasehold status.
The leasehold payments are shown monthly at $323 and are paid every six 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.
This condo is owner-occupied; please allow some notice for showings.
Past Activity
More Details
  • HOA Fees / ft²: $0.95
  • Price / ft²: $262
  • Zoning: CV-10
  • Amenities: Dryer, Microwave, Range, Refrigerator, Washer
  • TMK: 3740100360076
  • Tax Assessed Value: $94,000
  • Courtesy: Hawaii Real Estate Group LLC
  • MLS: 666577
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 12/5/22 at $140,000
    (List Price: $147,500)
Description
This is a leasehold property. Located close to shopping, beaches, and businesses, this freshly painted, furnished space is easy living and ready for a new owner. Kona Kai allows pets with approval from the HOA, as well as short-term rentals. This makes this complex a favorite of full-time residents and visitors. There is a pool and a coin-operated laundry center for all owners and guests to enjoy. One assigned parking space is included.
OFFERS MUST BE CASH due to the leasehold status.
The leasehold payments are shown monthly at $323 and are paid every six 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.
This condo is owner-occupied; please allow some notice for showings.
    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
    $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.
    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.