74-5618 Palani Rd UNIT L1
(ACTIVE) 665394
Interior Area:
515 sqft
Year Built:
Lot Size:
0 sqft
Land Tenure:
Property Type:
On Market:
Sep 26, 2022
Sep 26, 2022
Total Monthly Fees:

Listing Remarks

This is a leasehold property. This popular short-term rental is close to the ocean and the Kona Pier and is a favorite for guests that want to walk instead of drive.
County of Hawaii STVR permit is active for the current owner this condo.
Short-term rentals, long-term rentals, and pets are allowed at Kona Kai. STVR permits are available via the County of Hawaii.
OFFERS MUST BE CASH due to the leasehold status. Quick close is available.
The leasehold payments are shown monthly at $323 and are paid every 6 months to the Queen Liliuokalani Trust. The $508 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.

Property Location

Public Reports

Other Details

Address: 74-5618 Palani Rd UNIT L1, Kona Kai 96740
Lat/Long: 19.64397454 | -155.99599075
Taxkey: 3740100360080
Project Name: Kona Kai
Property Type: Condominium
Bedrooms: 1
Total Baths: 1
Full Baths: 1
Living Area: 515 sqft
Oceanfront Parcel: N
Pool: N
Association Dues: $0
Condo Maint. Fees: $508
Annual Tax: $1,208
Assessed Value: $98,400
Assessment Year: 2022
Zoning: CV-10
Assessed Land Value: $17,500
Assessed Improvements Value: $21,900
Annual Tax (Year): 2015
Garage Area: 0 sqft
Car Storage:
  • Assigned
  • Refrigerator
  • Range/Oven
Floor Covering:
  • Carpet
  • Paved
Unit Description:
  • End Unit
  • Sewer-Connected
** Cooperating Broker Compensation: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.