Kona Kai

$167,500

  • MLS® #: 652400 Monthly Maintenance Fees $613
  • 74-5618 Palani Rd A7
  • North Kona, Hawaii 96740

Kona Kai

$167,500

  • MLS® #: 652400 Monthly Maintenance Fees $613
  • 74-5618 Palani Rd A7
  • North Kona, Hawaii 96740
2 Beds
1 Baths
616 Sqft
$ Monthly
Condominium
  • Monthly Maintenance Fees $613
  • Overview 2 Beds, 1 Bath, 616 SQ. Feet
  • Listing Type Condo / Townhouse
  • Office: Hawaii Real Estate Group LLC

This is a leasehold property. The Kona Kai Complex allows for Full-time living, second homes, and short-term vacation rentals. Comparable 2 bedroom units are currently renting for approximately $225 per night short term, $1,950 per month long term unfurnished, and $2,250 long term furnished. All rents are subject to the owner's discretion and Hawaii County does require a permit for short-term rentals. Please confirm any rental prices you may consider with your on-island property manager. Many chose to live here full time as it is central to all Kona has to offer, features a peaceful lanai to enjoy throughout the day, and has a pool and BBQ area to enjoy right on the property if a walk to the beach seems too much effort. This remodeled unit is convenient with just a few stairs to your front door and assigned parking very near your front door. The lanai and main bedroom have pool and distant Blue Pacific Ocean views. Because this is a leasehold property, most sales are cash. Financing would need to be short term of less than 10 years. Leasehold rent is set until 2029. Renegotiation is 2029 with the current lease expiring at the end of 2034. The lease rent is billed semi-annually at $2,340 which is $390 per month and is paid to the Queen Liliuokalani Trust and is separate from the AOAO dues. AOAO dues are billed monthly and include water, hot water, propane for cooking, rubbish removal, landscaping, insurance on the buildings, common area electric and pool maintenance. This unit has 1 assigned parking space #A-7.

Essential Information

MLS® #652400
Price$167,500
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage616
Acres0.00
Year Built1969
TypeCondo / Townhouse
Land TenureLeasehold
StatusActive
Assesed Value$84,200

Sub-Type

End Unit, Ground Unit, Single Level

Community Information

Address74-5618 Palani Rd A7
SubdivisionKONA INDUSTRIAL SUBDIVISION
Building NameKona Kai
StateHawaii
Zip Code96740

Amenities

ParkingAssigned
Floor CoveringVinyl
Washer / DryerCoin

Interior

Appliances

Microwave, Range/Oven, Refrigerator

Cooling

Air Conditioning, Window/Wall units

Exterior

ExteriorWood
FoundationPost and Pier

Additional Information

Date ListedJuly 20th, 2021
Days on Market13
ZoningCV-10
Monthly Maintenance Fees613.38
Description Land TenureLeasehold

Listing Details

OfficeHawaii Real Estate Group LLC
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Quick Details

This condominium is located at 74-5618 Palani Rd A7, , it is currently priced $167,500 . This Condo / Townhouse has 2 Bedrooms and 1.00 Bathrooms, totaling 616 Square feet. Built in 1969, this Condo / Townhouse is Active. Represented by Rebecca Clancy of Hawaii Real Estate Group LLC, Contact Number 8888199669, our team of Realtors can represent you at no additional cost.

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Listing information last updated on August 2nd, 2021 at 1:40pm HST.