74-5042 Palani Rd, Kailua Kona, HI 96740
Local realty services provided by:Better Homes and Gardens Real Estate Hank Correa Realty
Listed by: samuel schaus
Office: kw big island
MLS#:732389
Source:HI_HIS
Price summary
- Price:$999,900
- Price per sq. ft.:$483.51
About this home
One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6-bedroom, 4-bath single-family house. Completely renovated in 2021, this property will come with solid hosted vacation rental history and 4.9-star average Airbnb reviews.
- Centrally located 5-minute drive to downtown Kona and beaches
- 2024 gross- $60,500, 2025 Gross $53,700, 2026 current gross- $35,300 on front house ONLY.
- Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property.
- Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lighting choices.
- Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area.
- Fenced grassy yard complete with producing mango trees
- Perfect 900ft elevation
- Newer metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool.
- Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood.
- Seller-owned 36-panel photovoltaic system on NET metering. 10 years old with a 30-year warranty. Submeter for monitoring usage.
- Brand new seamless gutters
- 2 Large storage Sheds
- Large walk-in tiled shower in back primary bedroom
- 2 Primary bedrooms with private bathrooms
- Low-maintenance granite and marble flooring
- Massive back lanai perfect for morning coffee and enjoying your privacy
- Rockwall and natural privacy fencing
Buyer should independently research current and proposed STVR/TAR rules and regulations before purchasing...
Contact an agent
Home facts
- Year built:1980
- Subdivision & Development:KONA MACADAMIA ACRES
- Listing ID #:732389
- Added:45 day(s) ago
- Updated:September 14, 2026 at 11:55 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Ceramic Tile, Concrete
- Kitchen Description:Disposal, Indoor Grill, Microwave, Range, Range Hood, Refrigerator
- Living area:2,068 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
Structure and exterior
- Year built:1980
- Building area:2,068 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Grassy
Utilities
- Sewer:Cesspool
Finances and disclosures
- Price:$999,900
- Price per sq. ft.:$483.51
- Tax amount:$10,617 (2026)
Features and amenities
- Appliances:Disposal, Dryer, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Attached, Covered
- Carport spaces:2
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