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73-1218 Melomelo St

Kailua Kona, HI 96740
  • $1,180,000
  • STATUS: Active Under Contract
  • ON SITE: 12 Days
  • MLS #: 731370
Under Contract
UPDATED: 10 min ago
$1,180,000
  • 4
    BEDS
  • 0.23
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,157
    SQFT
  • $547
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1988
Area:

School Ratings & Info

Description

Rare Opportunity to acquire this highly desirable fully furnished home offering ocean, coastline, harbor, and sunset views along with an outstanding income-producing opportunity. Located on a quiet side street on Melomelo St. with virtually no road noise, this versatile property features two completely separate living spaces, making it ideal for extended family, multi-generational living, or exceptional long-term rental income. Upper Level: The upper level showcases a 3-bedroom, 2-bathroom layout with an open-concept design filled with natural light, vaulted ceilings, and a spacious covered lanai perfectly positioned to capture Kona's incredible sunsets and ocean views. Zoned split A/C systems in all three bedrooms ensure cool, comfortable sleeping spaces. Lower Level: The lower level is entirely self-contained and fully air-conditioned with its own split A/C units. This space functions as a separated 1-bedroom, 1-bathroom, & features its own private entrance, an expansive covered lanai, a full living area, and a highly functional kitchenette equipped with a refrigerator, dishwasher, and freestanding kitchen island. It also boasts a large, private flex room with its own split A/C and window: perfect for a home office, walk-in pantry/laundry room, or as you see fit! A truly remarkable 4 bedroom, 3 bath home that's loaded with upgrades. 2 separate washer and dryer sets, new roof installed in 2023 & a spacious two-car garage. Outside, enjoy a fully fenced backyard with mature tropical landscaping, offering privacy and room to relax or entertain. Properties with this level of versatility and proven performance are rarely available. With an amazing rental history, two independent living spaces, expansive lanais on both levels, & a prime location just minutes from beaches, shopping, dining, Kona Airport, & Honokohau Harbor. An exceptional opportunity for both investors and owner-occupants seeking the very best of Kona living.

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© 2026 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai‘i Life Real Estate Brokers. Data last updated: 2026-07-12T08:35:31.677.
www.hawaiiclient.com/homes/178281106
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73-1218 Melomelo St Kailua Kona, HI 96740

  • Price: $1,180,000
  • Status: Active Under Contract
  • On Site: 12 Days
  • Updated: 10 min ago
  • MLS #: 731370
4
Beds
3
Baths
0
½ Baths
0.23
Acres
2,157
SQFT
$547
$/SQFT
1988
Built
Neighborhood:
Kona Palisades
Area:
North Kona
Property Description
Rare Opportunity to acquire this highly desirable fully furnished home offering ocean, coastline, harbor, and sunset views along with an outstanding income-producing opportunity. Located on a quiet side street on Melomelo St. with virtually no road noise, this versatile property features two completely separate living spaces, making it ideal for extended family, multi-generational living, or exceptional long-term rental income. Upper Level: The upper level showcases a 3-bedroom, 2-bathroom layout with an open-concept design filled with natural light, vaulted ceilings, and a spacious covered lanai perfectly positioned to capture Kona's incredible sunsets and ocean views. Zoned split A/C systems in all three bedrooms ensure cool, comfortable sleeping spaces. Lower Level: The lower level is entirely self-contained and fully air-conditioned with its own split A/C units. This space functions as a separated 1-bedroom, 1-bathroom, & features its own private entrance, an expansive covered lanai, a full living area, and a highly functional kitchenette equipped with a refrigerator, dishwasher, and freestanding kitchen island. It also boasts a large, private flex room with its own split A/C and window: perfect for a home office, walk-in pantry/laundry room, or as you see fit! A truly remarkable 4 bedroom, 3 bath home that's loaded with upgrades. 2 separate washer and dryer sets, new roof installed in 2023 & a spacious two-car garage. Outside, enjoy a fully fenced backyard with mature tropical landscaping, offering privacy and room to relax or entertain. Properties with this level of versatility and proven performance are rarely available. With an amazing rental history, two independent living spaces, expansive lanais on both levels, & a prime location just minutes from beaches, shopping, dining, Kona Airport, & Honokohau Harbor. An exceptional opportunity for both investors and owner-occupants seeking the very best of Kona living.
Exterior Features

Carport Area Units Square Feet Design Double WallWood Frame Exterior Area Units Square Feet Fencing FullWood Garage Area Units Square Feet Parking Features AttachedCovered Pool YN No Roofed Area Units Square Feet Topography Level View CoastlineOceanOcean HorizonSunset

Interior Features

Appliances Convection OvenDishwasherDisposalDryerFreezerInduction CooktopMicrowaveOvenRangeRange HoodRefrigeratorWasherWasher/Dryer Stacked Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Cooling Air ConditioningZoned Flooring Ceramic TileResin TileVinyl Heating Zoned Interior Features Enclosed LanaiHigh Ceilings Levels Two Washer Dryer Type DryerStacked Washer/DryerWasher Water Heater Electric

Property Features

Agriculture Dedicated YN No Association Fee 10 Association Fee Frequency Monthly Common Interest None Elevation Units Feet Flood Zone X In Use As Short Term Vacation Rental YN No Internet Access CableWireless Land Tenure Fee Simple Lava Zone 4 Listing Terms 1031 ExchangeCashConventional Lot Features Grassy Other Building Area 308 Other Building Area Units Square Feet Ownership Full Pets Allowed Yes Property Attached YN No Property Sub Type Single Family Residence Roads County Security Features Fire Sprinkler SystemSmoke Detector(s) Sewer Cesspool Solid Waste Disposal Private Contractor Special Listing Conditions Fee SimpleStandard Tax Annual Amount 9420.57 Tax Key 373035045 Tax Year 2025 Total Monthly Fees 10 Utilities Cable AvailableElectricity AvailablePhone AvailableWater Available Water Source Public Waterfront YN No Zoning A-5A

Listing information © 2026 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Knutson & Associates.


© 2026 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawai‘i Life Real Estate Brokers. Data last updated: 2026-07-12T08:35:31.677.
 
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