74-5618 Palani Rd
$189,000
About this property
This is a leasehold property. Whether you're seeking an established income-producing property or a beautifully upgraded home close to the ocean and everything Kailua-Kona has to offer, this exceptional condominium delivers! This highly successful short-term vacation rental generated over $65,000 in annual gross rental revenue in each of the three consecutive years 2023, 2024, and 2025! The property's thoughtful upgrades, comfortable accommodations, and outstanding location have helped the seller maintain an impressive 4.83-star Airbnb rating, with many guests returning for repeat stays. Unlike many condominium renovations that focus primarily on cosmetic improvements, this extensively remodeled two-bedroom, one-bath residence has been upgraded from top to bottom! Enjoy modern appliances, beautiful granite countertops, luxury plank flooring, a custom-tiled shower, fresh interior paint, upgraded lighting, and replacement windows that provide enhanced soundproofing. Air conditioning has been installed in both bedrooms and the living area for year-round comfort. Situated in a desirable top-floor corner location, this condominium offers a wonderfully private setting despite being right in the heart of town. The west-facing lanai is the perfect place to relax and enjoy Kona's spectacular sunsets, while the convenient central location allows residents and guests to walk to numerous shops, restaurants, and local attractions. Enjoy the best of both worlds: peaceful, private surroundings with the ocean and vibrant Kona lifestyle just moments away. Offered fully furnished, this beautifully updated condominium is ready for its next owner to enjoy. Whether your dream is to live in Hawaii full-time, escape to your own island retreat, or continue its successful vacation rental history, this property offers outstanding versatility. Community amenities include a swimming pool and convenient on-site laundry
Property details
- Property type
- Condominium
- Year built
- 1969
- Land tenure
- Leasehold
- District
- North Kona
- Subdivision
- KONA INDUSTRIAL SUBDIVISION
- View
- City, Ocean, Ocean Horizon
- Parking
- Assigned
- Pool
- No
- Association fee
- $754 monthly
- Annual taxes
- $3,567
- Zoning
- CV-10
- MLS #
- 734235
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Hawaii Information Service. Listings held by brokerage firms other than eXp Realty are identified with the name of the listing brokerage. Information is deemed reliable but not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data last updated Oct 12, 2026, 9:27 PM HST.