$460,000
$475,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
560 SqFt
SOLD DATE : 06/27/2025
Key Details
Sold Price $460,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 560 sqft
Price per Sqft $821
Subdivision Hienaloli 1St - Hienaloli 6Th
MLS Listing ID 719244
Sold Date 06/27/25
Bedrooms 1
Full Baths 1
HOA Fees $881/mo
HOA Y/N Yes
Year Built 1972
Annual Tax Amount $4,371
Tax Year 2024
Property Sub-Type Condominium
Source Hawaii Information Service
Property Description
Prime Investment Opportunity – Ocean View Vacation Rental in Kailua-Kona
Seller offering $15,000 in concessions to help pay down mortgage points, HOA fees, upgrades, etc.
Seize the opportunity to own a high-performing vacation rental in the heart of Kailua-Kona! This turnkey, one-bedroom, one-bathroom condo boasts a top-floor view of Kailua Bay and an impressive 90% occupancy rate, making it a proven income-generating asset.
Meticulously maintained, this unit offers modern comfort with air conditioning and a thoughtfully designed interior that keeps guests returning. The spacious lanai provides views to breathtaking sunsets and the lively energy of Kailua Village, all while maintaining a serene retreat for visitors.
Location is unbeatable—just one block from the ocean, dining, shopping, and entertainment, ensuring strong rental demand year-round. Unit has assigned parking which provides the benefit of guests not having to pay for parking.
Benefits of condo:
Tropical breezes from ocean and mountain keep condo cool and A/C helps in summer.
Pull out couch for extra guest
Fully stocked for all needs for visitors - truly turn key
Whether you're expanding your portfolio or seeking a personal island getaway with income potential, this condo has a great rental history.
Kailua Village Condominium offers:
Pets are allowed with Board approval.
Convenient assigned parking stall- #08
Pool and BBQ area
Secured building/elevator
On-site manager
Coined laundry room
The rental income history is available and the current leasing manager is willing to manage the property after sale.
Location
State HI
Community Hienaloli 1St - Hienaloli 6Th
Area Hi
Building/Complex Name Kailua Village
Zoning V-.75
Region North Kona
City Region North Kona
Interior
Interior Features Elevator
Hot Water Tankless
Heating Heat Pump, Zoned
Cooling Heat Pump, HIS Air Conditioning, Zoned
Flooring Ceramic Tile, Vinyl
Window Features Blinds
Appliance Dishwasher, Dryer, HIS Microwave Hood, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Parking Features Assigned
Pool Gunite
Community Features Trash Chute
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected
View Y/N Yes
View Ocean
Topography Level
Garage No
Private Pool Yes
Building
Story 7
Unit Features High Floor Unit
Entry Level Three Or More
Others
Ownership CPR
Monthly Total Fees $881
Acceptable Financing 1031 Exchange, Cash, Conventional, HIS ARM
Listing Terms 1031 Exchange, Cash, Conventional, HIS ARM
Special Listing Condition Fee Simple, Standard
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