Hualalai Terrace Subdivision Homes with Fee Simple Land tenure

Welcome to Hualalai Terrace Subdivision, a hidden gem nestled in the heart of Kailua Kona, Hawaii. This picturesque neighborhood is renowned for its stunning views of the Pacific Ocean and the majestic Hualalai volcano, offering a serene backdrop for residents who appreciate the beauty of island living. With its lush landscapes, tranquil atmosphere, and vibrant community spirit, Hualalai Terrace is the perfect place to call home.

The homes in Hualalai Terrace Subdivision boast a fee simple land tenure, providing homeowners with full ownership and control over their property. This means you can invest in your dream home without the complexities of leasehold agreements, making it an attractive option for both first-time buyers and seasoned investors alike. The architecture of the homes reflects the island’s charm, with many featuring open floor plans, spacious lanais, and modern amenities that blend seamlessly with the natural surroundings.

Life in Hualalai Terrace is a delightful mix of relaxation and adventure. Residents enjoy easy access to pristine beaches, world-class golf courses, and a plethora of outdoor activities, from snorkeling and surfing to hiking and exploring the lush landscapes of the Big Island. The neighborhood is conveniently located near local shops, dining, and cultural attractions, ensuring that everything you need is just a stone's throw away.

Whether you're seeking a permanent residence or a vacation retreat, Hualalai Terrace Subdivision offers a unique opportunity to embrace the enchanting Hawaiian lifestyle. Come and discover the magic of Kailua Kona—your dream home awaits!

Newest Hualalai Terrace Subdivision Homes with Fee Simple Land tenure

$1,479,000

5 Beds ⋅ 3 Baths ⋅ 732398 MLS ⋅ ['Fee Simple'] Tenure

Spacious Multi-Generational Home with Spectacular Views on huge 20,000 sf lot! Experience the best of island living in this private, versatile home featuring breathtaking panoramic views, exceptional energy efficiency, and flexible living spaces ideal for extended family or rental income potential. Located in the "Goldilocks" elevation of 1650 feet, you can forget about air conditioning, it's perfect! Upstairs: The main living area offers 3 bedrooms and 2 bathrooms, highlighted by an amazing lanai with unbelievable views. Enjoy new acacia wood flooring, new quartz kitchen and bathroom countertops, gorgeous solid wood crown molding, and new light fixtures and ceiling fan in the living and dining areas. The home is partially furnished. The kitchen features stainless steel appliances, including a dishwasher, wine cooler, refrigerator, oven/range, microwave, vent hood, and disposal. The home is equipped with a 44-panel Prepaid photovoltaic system with warranty and two new Tesla batteries, with a monthly payment of just $121, providing outstanding energy savings and peace of mind. Downstairs: With its own separate entrance, the lower level offers outstanding rental income or multi-generational living potential. It includes 2 large bedrooms, 1 bathroom, a kitchenette with dishwasher, microwave, refrigerator, beverage cooler, and disposal, beautiful acacia wood and VCT flooring, a spacious office or optional 6th bedroom, and a utility room with washer and dryer. Outdoor Features: The beautifully landscaped front yard is framed by stunning rock walls and is truly a gardener's dream. Enjoy relaxing or entertaining in the gazebo, with the added convenience of an additional storage shed. This exceptional property combines stunning views, quality upgrades, energy-efficient features, and flexible living options to create the perfect place to call home.

73-1412 Ili Ili Pl, KAILUA KONA

Listing courtesy of Hawaii Estates LLC.

$825,000

5 Beds ⋅ 3 Baths ⋅ 723525 MLS ⋅ ['Fee Simple'] Tenure

Excellent Opportunity to restore this Gem of a property in a Fine Kona Neighborhood. This 4 bedroom 2 bath home boasts a spacious 2296-sf floor plan with an adjoining 1 bedroom, 1 bath, cozy living area & kitchette, with its separate entry, which could ideally serve as a private mother-in-laws quarters, for visting guests or multi-generational family. This is a Probate Sale and the sale of the property may be subject to Court Approval. DEADLINE FOR ALL OFFERS SHALL BE AT 1:00 PM ON AUGUST 11, 2026

73-1403 Iliili Pl, KAILUA KONA

Listing courtesy of Iokua Real Estate.

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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.