Big Island Homes with Preservation Frontage

Welcome to Kamuela, an enchanting gem nestled on the Big Island of Hawaii, where the lush landscapes and breathtaking vistas create an idyllic backdrop for your dream home. Known for its rich cultural heritage and vibrant community, Kamuela offers a unique blend of natural beauty and modern conveniences.

The Big Island, renowned for its diverse ecosystems, boasts everything from pristine beaches to majestic mountains, making it a paradise for outdoor enthusiasts. Here, you can explore the stunning trails of Waimea Canyon, bask in the sun on the golden shores of Hapuna Beach, or witness the awe-inspiring volcanic activity at Hawaii Volcanoes National Park. With a warm and welcoming climate year-round, you'll find the perfect conditions to enjoy a myriad of activities, from surfing to stargazing atop Mauna Kea.

In Kamuela, homes with preservation frontage are a rare find, offering you the opportunity to live in harmony with the island's natural beauty. These properties not only provide stunning views but also ensure that the surrounding landscapes remain untouched and protected for generations to come. Imagine sipping your morning coffee while gazing out at lush greenery or the vibrant colors of a Hawaiian sunset, all from the comfort of your own home.

Living in Kamuela means embracing a lifestyle that values sustainability and appreciation for the environment, allowing you to create lasting memories in a place that feels like paradise. Discover your perfect home in this enchanting community, where every day feels like a vacation amidst the beauty of the Big Island.

Newest Big Island Homes with Preservation Frontage

$8,875,000

202609233 MLS ⋅ FS - Fee Simple Tenure

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1

75-5749 Alahou Street, Kailua Kona

Listing courtesy of Pacific Realty Organization.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.