74-5618 PALANI RD Unit F7, KAILUA KONA, HI 96740

Property Description

This is a leasehold property that has been completely reimagined to capitalize on the ocean view and features modern fixtures, a full kitchen, and exceptional finishes throughout including solid, granite counters, stainless steel appliances, custom cabinet design, open concept living, new designer paint selections, modern, double panel doors, AC in the living room & bedrooms, even the windows have been replaced with modern, single hung windows and designer door, floor and window trim. The bathroom was designed for a sleek look, yet functional use and features a custom shower, stainless fixtures, and designer colors If you have ever visited the Kona Kai Condominiums you will know immediately that there is no other unit of this kind in this complex or in Kona at this price. The lanai is a great space to dine while enjoying the Blue Pacific. Watch the start of Ironman or just relax and gaze down to the Kailua-Kona Pier and beyond to the tip of South Point from your lanai. Come see for yourself the quality that can be purchased for under $250K right in downtown Kona. The central location of the Kona Kai Condos makes them very popular for primary residences as well as rentals. 2 bedroom units in this condition and location can rent for approx. $2100 per month unfurnished, $2450 furnished per month, and $239-$319 per night on short-term rentals. This complex is zoned to allow short-term rentals. Owners will need to apply for a permit with the County of Hawaii to comply with the short term rental regulations if they choose to consider rentals 30 days or less, Pricing and occupancy rates will vary based on market conditions and decisions made by individual owners. All income rates should be confirmed by a potential buyer prior to purchase. Pets allowed with HOA approval Lease payments are S372 per month and are in addition to the $613 AOAO monthly fee. The next lease negotiation is 2029. Current lease expires end of 2034. CASH OFFERS ONL