Kailua-Kona, HI 96740
Listing RemarksThis is a luxury oceanfront leasehold property. Welcome to Kona Makai, one of the nicest oceanfront communities in Kona. The landscaping is lovingly maintained, and the oceanfront pool is five star luxury. Kona Makai is located just 1.5 miles from the Kona Inn, on the world famous Alii Drive.
#Kona Makai is facing a plumbing issue. Like most of the 40+ year old projects on the coast, the pipes are deteriorating, and must be repaired. The HOA board of directors is actively working to find the best solution. This unit is one of only 12 that have already been repaired, so the new owner will not face loss of use.
#Perfect for a full time home, a second home, or a short term vacation rental business. As a short term rental, this one brought in $15,105.60 in 2017, $31,711.44 in 2018, and $16,948.75 in 2019.
#Ground floor—no stairs
#Completely updated, with brand new plumbing
#Brand new paint and tile floors
#World class oceanfront pool
#Oceanfront BBQ area—its a party every night at sunset.
#Fitness center including a weight room and aerobic equipment
#The condo is STVR approved
#The current lease expiration date is 2039—18 years. The Board is currently negotiating with the lessor to extend it 10+ years.
|Address:||75-6026 Alii Dr UNIT 3102, Kona Makai 96740|
|Lat/Long:||19.61995069 | -155.98575989|
|Project Name:||Kona Makai|
|Living Area:||687 sqft|
|Condo Maint. Fees:||$642|
|Assessed Land Value:||$42,900|
|Assessed Improvements Value:||$92,400|
|Annual Tax (Year):||2015|
|Garage Area:||0 sqft|