74-5618 Palani Rd Unit K4, KAILUA KONA, HI 96740

Property Description

This is a leasehold property. Prime location! Kona Kai condominiums are an affordable option located in the heart of Kailua-Kona and walking distance to various kinds of shopping (including Groceries, Drug Store, etc.), Alii Dr restaurants, the bay front and pier. This one-bedroom second-floor unit features a partial mountain view from the lanai. The condo has been recently updated with new propane range and refrigerator, freshly painted, and other minor repairs. Kona Kai residents enjoy a community pool, BBQ area, and a coin-operated laundry room equipped with new machines. This property is priced for a cash sale, as traditional financing is not available. The zoning currently permits short-term vacation rentals, making this an ideal opportunity. A great value for a centrally located property! Monthly maintenance fees are showing as $625.09 (subject to change) covering landscaping, common area upkeep, trash removal, propane for cooking, hot water, and common area insurance. The current land lease rent is approx $3,786 a year, (half paid in January, half paid in July). Current land lease expires at the end of 2034. Management: Associa Hawaii. ​MLS listing details and public records are believed to be accurate, but cannot be guaranteed. Buyers should independently verify any information they consider essential or relevant to their purchase.