Local realty services provided by:Better Homes and Gardens Real Estate Island Lifestyle
75-5521 Kona Bay Dr,Kailua-Kona, HI 96740
$3,798,000
- 4 Beds
- 4 Baths
- 3,998 sq. ft.
- Single family
- Active
Listed by:
- Angel Wannemacher(808) 756 - 4344Better Homes and Gardens Real Estate Island LifestyleLicense: RB22094
MLS#:725468
Source:HI_HIS
Price summary
- Price:$3,798,000
- Price per sq. ft.:$949.97
About this home
Seize the opportunity to acquire a custom-built, three-level luxury residence holding a transferable Short Term Vacation Rental (STVR) Permit, perfectly positioned within the exclusive, gated Kona Bay Estates in desirable downtown Kona. With over 5,000 square feet under roof, this property is impeccably designed to maximize guest enjoyment, hosting capacity, and rental revenue.
A distinctive advantage is the property's unique status within a gated community that features underground utilities and close proximity to the pristine Baby Ponds beach and tidepools— with NO HOA dues. Its location places you steps from the ocean and just a short, easy stroll to Old Kailua Town for immediate access to dining, shopping, and vibrant town life.
The ground level is a dedicated entertainment haven, featuring a covered lanai with multiple seating areas, a pool table, a wet bar, and private swimming pool. This level also includes a separate entry and a kitchenette, allowing it to function as a private guest studio.
The second level provides the main living experience, complete with a comfortable living room, a large dining area, and kitchen equipped with custom cabinets, granite countertops, and stone flooring. This level includes a guest room, flexible room currently used as an office and full bath. You will appreciate the multiple screened lanais—one off the kitchen perfect for morning coffee, and a larger one off the living area for outdoor dinner parties.
The third level, dedicated to private retreats. This floor hosts the oversized master suite, which features a grand master bath and its own private lanai for ocean and bay views. Two additional bedrooms with ensuite baths complete this level. The home’s configuration allows for flexible use of space, providing ample capacity (up to 5 or 6 sleeping areas) to host large groups.
Contact an agent
Home facts
- Year built:2002
- Listing ID #:725468
- Added:68 day(s) ago
- Updated:February 01, 2026 at 12:31 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Living area:3,998 sq. ft.
Structure and exterior
- Year built:2002
- Building area:3,998 sq. ft.
- Lot area:0.21 Acres
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$3,798,000
- Price per sq. ft.:$949.97
- Tax amount:$30,017 (2025)
New listings near 75-5521 Kona Bay Dr
- New
$699,000Active2 beds 2 baths861 sq. ft.14 Aulike Street #904, Kailua, HI 96734
MLS# 202601936Listed by: COMPASS - Open Sun, 2 to 5pmNew
$2,800,000Active4 beds 4 baths2,174 sq. ft.738 Kanaha Street, Kailua, HI 96734
MLS# 202600535Listed by: COMPASS - Open Sun, 2 to 5pmNew
$735,000Active2 beds 2 baths959 sq. ft.1015 Aoloa Place #247, Kailua, HI 96734
MLS# 202601665Listed by: REMAX HAWAII - Open Sun, 2 to 5pmNew
$4,980,000Active7 beds 6 baths5,356 sq. ft.846 Aalapapa Drive, Kailua, HI 96734
MLS# 202601773Listed by: EXP REALTY - New
$955,000Active3 beds 1 baths758 sq. ft.1225 Hele Street, Kailua, HI 96734
MLS# 202601790Listed by: HAWAII MODERN REALTY - New
$750,000Active3 beds 2 baths1,118 sq. ft.333 Aoloa Street #306, Kailua, HI 96734
MLS# 202601656Listed by: LOCATIONS LLC - Open Sun, 2 to 5pmNew
$2,250,000Active5 beds 4 baths3,271 sq. ft.629 Halela Street #A, Kailua, HI 96734
MLS# 202601619Listed by: FIVE STAR REALTY, INC. - Open Sun, 2 to 5pmNew
$2,200,000Active5 beds 4 baths3,074 sq. ft.629 Halela Street, Kailua, HI 96734
MLS# 202601615Listed by: FIVE STAR REALTY, INC. - Open Sun, 1:30 to 4:30pmNew
$1,275,000Active4 beds 2 baths1,598 sq. ft.1540 Akake Place, Kailua, HI 96734
MLS# 202601442Listed by: MARLENE'S REALTY, INC. - Open Sun, 2 to 5pmNew
$2,500,000Active4 beds 2 baths1,216 sq. ft.925 Aalapapa Drive, Kailua, HI 96734
MLS# 202601462Listed by: COLDWELL BANKER REALTY