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74-5042 Palani Rd

Kailua Kona, HI 96740
  • $999,900
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • MLS #: 732389
Under Contract
UPDATED: 48 min ago
$999,900
  • 6
    BEDS
  • 0.21
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,068
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1980
Area:

School Ratings & Info

Description

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

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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: 2026-09-11T18:35:31.627.
www.hawaiiclient.com/homes/179475044
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74-5042 Palani Rd Kailua Kona, HI 96740

  • Price: $999,900
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 48 min ago
  • MLS #: 732389
6
Beds
4
Baths
0
½ Baths
0.21
Acres
2,068
SQFT
$484
$/SQFT
1980
Built
Neighborhood:
Kona Macadamia Acres
Area:
North Kona
Property Description
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
Exterior Features

Carport Area 480 Carport Area Units Square Feet Carport Spaces 2 Exterior Area Units Square Feet Fencing Chain Link Garage Area Units Square Feet Parking Features AttachedCovered Pool YN No Roofed Area Units Square Feet Topography Level View ForestGardenMountain(s)

Interior Features

Appliances DisposalDryerIndoor GrillMicrowaveRangeRange HoodRefrigeratorWasher Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Cooling Wall/Window Unit(s) Flooring Ceramic TileConcrete Washer Dryer Type DryerWasher

Property Features

Agriculture Dedicated YN No Association Fee 0 Association Fee Frequency Monthly Common Interest None Elevation Units Feet Flood Zone X In Use As Short Term Vacation Rental YN Yes Internet Access Wireless Land Tenure Fee Simple Lava Zone 4 Listing Terms 1031 ExchangeCashConventionalUSDA LoanVA Loan Lot Features Grassy Other Building Area Units Square Feet Ownership Full Power Production Type Photovoltaics Property Attached YN Yes Property Sub Type Single Family Residence Road Frontage Type Road/Street Roads Major Thoroghfare Sewer Cesspool Solid Waste Disposal Other (remarks) Special Listing Conditions Fee SimpleStandard Tax Annual Amount 10617.15 Tax Key 374014073 Tax Year 2026 Total Monthly Fees 0 Unit Description Ground UnitSingle Family HomeSingle Level Utilities Cable AvailableElectricity AvailablePhone Available Waterfront YN No Zoning RS-7.5

Listing information © 2026 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of KW Big Island.


© 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: 2026-09-11T18:35:31.627.
 
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