This is a luxury oceanfront leasehold property. Welcome to Kona Makai, one of the nicest oceanfront communities in Kona. The landscaping is lovingly maintained, and the oceanfront pool is five star luxury. Kona Makai is located just 1.5 miles from the Kona Inn, on the world famous Alii Drive. #Kona Makai is facing a plumbing issue. Like most of the 40+ year old projects on the coast, the pipes are deteriorating, and must be repaired. The HOA board of directors is actively working to find the best solution. This unit is one of only 12 that have already been repaired, so the new owner will not face loss of use. #Perfect for a full time home, a second home, or a short term vacation rental business. As a short term rental, this one brought in $15,105.60 in 2017, $31,711.44 in 2018, and $16,948.75 in 2019. #Ground floor—no stairs #Completely updated, with brand new plumbing #Brand new paint and tile floors #Turnkey furnished #World class oceanfront pool #Hot tub/spa #Oceanfront BBQ area—its a party every night at sunset. #Fitness center including a weight room and aerobic equipment #The condo is STVR approved #The current lease expiration date is 2039—18 years. The Board is currently negotiating with the lessor to extend it 10+ years.
This is a luxury oceanfront leasehold property. Welcome to Kona Makai, one of the nicest oceanfront communities in Kona. The landscaping is lovingly maintained, and the oceanfront pool is five star luxury. Kona Makai is located just 1.5 miles from the Kona Inn, on the world famous Alii Drive. #Kona Makai is facing a plumbing issue. Like most of the 40+ year old projects on the coast, the pipes are deteriorating, and must be repaired. The HOA board of directors is actively working to find the best solution. This unit is one of only 12 that have already been repaired, so the new owner will not face loss of use. #Perfect for a full time home, a second home, or a short term vacation rental business. As a short term rental, this one brought in $15,105.60 in 2017, $31,711.44 in 2018, and $16,948.75 in 2019. #Ground floor—no stairs #Completely updated, with brand new plumbing #Brand new paint and tile floors #Turnkey furnished #World class oceanfront pool #Hot tub/spa #Oceanfront BBQ area—its a party every night at sunset. #Fitness center including a weight room and aerobic equipment #The condo is STVR approved #The current lease expiration date is 2039—18 years. The Board is currently negotiating with the lessor to extend it 10+ years.
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.
