75-5681 KUAKINI HWY #303
Condo $ 499,000

75-5681 KUAKINI HWY #303

Kailua Kona, HI 96740

  • 1 Bed
  • 1 Bath
    Full Baths: 1
  • 753 SqFt
  • 1974 Year Built
Kalanikai 303 offers a rare combination of ocean proximity, thoughtful renovation, established short-term rental income, and a highly walkable location in Kailua-Kona. Set on the top floor of a concrete building surrounded by mature tropical landscaping, this 753-square-foot, one-bedroom, one-bath residence is positioned to capture natural light, cooling trade winds, and views across Kona town to the Pacific.

The unit underwent extensive updates before being operated as a vacation rental in 2022, resulting in an interior that feels both polished and comfortable. The kitchen features quartzite countertops, custom cabinetry, a subway tile backsplash, pendant lighting, and newer appliances. In the bath, golden moon granite, updated lighting, a deep soaking tub, and generous closet space add an elevated finish. The living area flows directly to the covered lanai, an inviting spot to enjoy peek-a-boo ocean views, tropical surroundings, and Kona sunsets.

The condo is equipped for both full-time living and vacation use, with a full-size front-loading washer and dryer, abundant storage, air conditioning in the living room, and ceiling fans throughout. Most furnishings, linens, and guest amenities are included, providing the next owner with the flexibility to continue the existing rental operation or enjoy the residence as a personal Kona retreat.

Monthly maintenance fees include solar-generated electricity, water, Wi-Fi, cable, landscaping, resident manager services, exterior maintenance, sewer, refuse, and use of the community pool and BBQ area. The property is pet-friendly with board approval for one dog under 25 pounds or up to two cats.

From Kalanikai, Kailua Pier, Kamakahonu Beach, the farmers market, Aliʻi Drive restaurants, shops, and the heart of historic Kailua Village are all within easy reach. Whether used as a vacation rental, a convenient Kona home base, or a combination of both, Kalanikai 303 is ready to enjoy from day one.
Listed by COMPASS

PROPERTY DETAIL

  • Key Details

    Property Type Condo

    Sub Type Condominium

    Listing Status Active

    Purchase Type For Sale

    Square Footage 753 sqft

    Price per Sqft $662

    Subdivision Lanihau 1St - Hienaloli 1St

    MLS Listing ID 732493

    Bedrooms 1

    Full Baths 1

    HOA Fees $765/mo

    HOA Y/N Yes

    Year Built 1974

    Annual Tax Amount $4,762

    Tax Year 2026

    Property Sub-Type Condominium

    Source Hawaii Information Service

  • Location

    State HI

    County Hawaii Island (big Island)

    Community Lanihau 1St - Hienaloli 1St

    Area Hi

    Building/Complex Name Kalanikai

    Zoning V-1.25

    Region North Kona

    City Region North Kona

  • Interior

    Flooring Carpet

    Appliance Dishwasher, Disposal, Microwave Hood, Range, Refrigerator

  • Exterior

    Parking Features Assigned

    Pool In Ground

    Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities

    View Y/N Yes

    View City, Garden, Ocean, Sunset

    Topography Gentle Slope

    Garage No

    Private Pool Yes

  • Others

    Ownership CPR

    Monthly Total Fees $765

    Acceptable Financing 1031 Exchange, Cash, Conventional

    Listing Terms 1031 Exchange, Cash, Conventional

    Special Listing Condition Fee Simple, Standard

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CONTACT

Penn Henderson
Penn Henderson

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