77-212 Ke Alohi Kai Pl, Kailua-Kona, HI 96740

Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
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77-212 Ke Alohi Kai Pl,Kailua-Kona, HI 96740
$3,995,000
  • 4 Beds
  • 7 Baths
  • 4,035 sq. ft.
  • Single family
  • Active
Listed by:emil v knysh8087470503
Office:compass
MLS#:721754
Source:HI_HIS

Price summary

  • Price:$3,995,000
  • Price per sq. ft.:$990.09
  • Monthly HOA dues:$503

About this home

Proven Income-Producing Vacation Rental House in Kona's Oceanfront Resort Zone Gated Community – No STVR Restrictions<br><br>Maximize your return with this luxury investment property in Kailua Kona’s exclusive ocean-front, gated resort-zoned enclave of Ke Alohi Kai—where short-term vacation rentals are fully permitted and protected, with no risk of future regulation changes or permit loss.<br><br>This high-performing asset has consistently delivered strong financials:<br><br>2022: $295,342 gross revenue<br>→ NOI: $205,071 | CAP Rate: ~5%<br><br>2023: $336,045 gross revenue<br>→ NOI: $245,774 | CAP Rate: ~6%<br><br>2024: $275,422 gross revenue<br>→ NOI: $185,151 | CAP Rate: ~4.6%<br><br>2025 (Q1 only): $100,000 gross — a record-breaking start, signaling potential for highest revenue year yet<br><br>These figures are based on average operating expenses of $90,271/year (which may vary for a different owner and year), delivering real, verifiable cash flow. With upside in rates and

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Home facts

  • Year built:2003
  • Listing Id #:721754
  • Added:330 day(s) ago
  • Updated:August 21, 2025 at 11:31 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:7
  • Full bathrooms:4
  • Living area:4,035 sq. ft.

Structure and exterior

  • Year built:2003
  • Building area:4,035 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,995,000
  • Price per sq. ft.:$990.09
  • Tax amount:$35,272 (2024)
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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