Kona Bay Estates Homes with Fee Simple Land tenure

Welcome to Kona Bay Estates, a hidden gem nestled in the heart of Kailua Kona, Hawaii. This picturesque neighborhood boasts stunning ocean views, lush tropical landscapes, and a warm, inviting community atmosphere. Known for its serene environment and proximity to the sparkling waters of the Pacific, Kona Bay Estates offers an idyllic lifestyle for those seeking both relaxation and adventure.

One of the standout features of this charming community is the availability of homes with fee simple land tenure. This means that homeowners enjoy full ownership of their property, providing a sense of security and permanence that's hard to find in many other areas. With a variety of architectural styles, from modern beachside villas to classic Hawaiian bungalows, there's a perfect home for every taste and preference.

Residents of Kona Bay Estates have easy access to some of the best attractions Kailua Kona has to offer. Spend your days soaking up the sun on nearby beaches, exploring local boutiques, or indulging in delicious cuisine at waterfront restaurants. Outdoor enthusiasts will appreciate the proximity to hiking trails, snorkeling spots, and world-renowned golf courses.

The community is also known for its friendly neighbors and active lifestyle, with regular events that foster connections among residents. Whether you're looking for a peaceful retreat or a vibrant community to call home, Kona Bay Estates has it all. Discover the beauty and charm of this exceptional neighborhood and make it your own slice of paradise in Hawaii!

Newest Kona Bay Estates Homes with Fee Simple Land tenure

$2,585,000

3 Beds ⋅ 3 Baths ⋅ 730280 MLS ⋅ ['Fee Simple'] Tenure

The essence of island living is HERE - in this beautiful, updated Kona Coast retreat featuring ocean views, spectacular sunsets, and the soothing sound of surf! Meticulously maintained and exceptionally well-appointed, this property is also an extremely successful short-term vacation rental boasting a 5-star rating with more than 80 glowing reviews. Thoughtfully designed with soaring ceilings, abundant natural light, and an open, airy floor plan, the home showcases lush tropical landscaping, swaying palms, and the fun of seamless indoor-outdoor living. Recent improvements include: new tile flooring and shower tile in the upstairs bath, refreshed interior paint, enhanced landscaping, repainted garage doors, and new glass in many windows and sliders. The kitchen's upgrades include a new KitchenAid gas range, dishwasher, and updated screen door. Other enhancements include a new bar refrigerator, BOTH fully owned solar water heater & photovoltaic systems for energy savings, and an electric vehicle charger in the garage. Stylish new furnishings add to the elevated experience. Grab your beach gear - a short walk leads to the neighborhood white sand beach and reef where honus, tropical fish, and seasonal whales are frequently spotted. Located in one of Kona’s most desirable, gated and 24/7 guarded, peaceful oceanfront neighborhoods, this residence offers the perfect balance of luxury, convenience and good times — just moments from Kona Town, Kailua Pier, dining, shopping, and world-famous beaches. Information herein, while deemed reliable, may contain inaccuracies, & is provided without warranty/guarantee of any kind. Agents & Buyers are advised to engage qualified specialists to verify information they deem material or important to the purchase of the property. Some of the images contained in this listing may be an artist's impression of what the property "might" look like, including digital photo modification and/or digital furniture staging.

75-5471 Kona Bay Dr, KAILUA KONA

Listing courtesy of Island Boutique Realty Inc..

$1,000,000

730249 MLS ⋅ ['Fee Simple'] Tenure

NEW Major Value-Add: Kona Bay Estates is now recognized within the Resort Node, allowing newly built homes to qualify for STVR use (subject to County requirements), creating an exceptional opportunity for investors and those looking to maximize the property's income potential! Exceptional opportunity to own a premier 25,374 sq ft homesite (0.58 acres) in the exclusive gated oceanfront community of Kona Bay Estates. Positioned just one lot off the shoreline near the end of Kona Bay Drive, this rare offering captures stunning coastline and mountain views, cooling trade winds, and the soothing sound of waves along the Kona Coast—bordering open green space for unmatched privacy. Surrounded by luxury estates, it's steps from community-accessible Keiki Beach (Queen's Bath)—a private sandy cove with natural turquoise tide pools, perfect for family swims and year-round island enjoyment. This elevates everyday living in one of Kailua-Kona’s most coveted neighborhoods. Minutes from downtown Kona’s beaches, dining, and shopping, with utilities available and ready for your custom luxury estate. Secure your legacy property in Kona’s premier coastal paradise.

75-5483 Kona Bay Dr, KAILUA KONA

Listing courtesy of Knutson & Associates.

$5,350,000

4 Beds ⋅ 5 Baths ⋅ 729953 MLS ⋅ ['Fee Simple'] Tenure

This oceanfront four-bedroom, four-bathroom residence within Kona Bay Estates offers 3,490 sq ft of interior living space on a 12,020 sq ft parcel. Designed by Lucky Bennett, the home reflects a deliberate alignment of architecture, climate, and coastline within a guard-gated community with 24-hour security, direct shoreline access, and proximity to Kailua Pier, Ali‘i Drive, and a nearby community park with pickleball courts. Set along a coastline historically associated with the Royal Compound of King Kamehameha I, the property is grounded in both cultural and geographic continuity. Just steps away, Keiki Beach/Queen Bath provides rare sandy, swimmable access. This oceanfront enclave includes only eight homes with direct sandy beach frontage, and the property features its own private sandy beach area. Designed for indoor-outdoor living, the open-concept layout allows a seamless transition between interior and covered lanais, where the two merge fluidly. The orientation captures both sunrise and sunset year-round, with expansive ocean views from the main living areas and multiple bedrooms. A true oceanfront dining area sits directly along the coastline. The home is arranged across multiple levels to maximize airflow, views, and natural light. A central courtyard anchors the design, featuring a shaded pool positioned beneath the main living structure, creating a naturally cooled environment that contrasts with the open ocean exposure. Interior features include koa wood cabinetry in the kitchen and bathrooms, and a primary suite with central air conditioning and two air-conditioned walk-in closets. Additional living spaces support flexible use and gatherings, with a layout designed for connection and flow. The oceanfront setting provides ongoing visibility of marine life, with whales and dolphins frequently observed offshore, integrated into the daily coastal experience.

75-5506 Kona Bay Dr, KAILUA KONA

Listing courtesy of COMPASS.

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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.