Lono - Kona Subdivision Homes under $1.25 million

Welcome to the enchanting Lono - Kona Subdivision, a hidden gem nestled in the heart of Kailua Kona, Hawaii. This vibrant neighborhood is a perfect blend of serene island living and modern conveniences, making it an ideal place for families, retirees, and anyone seeking a laid-back lifestyle amidst stunning natural beauty.

Lono - Kona is characterized by its lush landscapes, gentle breezes, and breathtaking views of the Pacific Ocean. Residents enjoy a strong sense of community, with friendly neighbors and a variety of local events that foster connections and camaraderie. The area boasts a rich cultural heritage, with nearby historical sites and vibrant markets that showcase the unique charm of Hawaiian life.

For those looking to invest in their slice of paradise, Lono - Kona offers an appealing selection of homes priced under $1.25 million. Here, you can discover spacious single-family residences, charming bungalows, and modern townhomes, all designed to embrace the island lifestyle. Many properties feature open floor plans, large windows that flood the interiors with natural light, and outdoor spaces perfect for entertaining or simply soaking in the stunning sunsets.

Conveniently located, Lono - Kona provides easy access to pristine beaches, world-class dining, and a myriad of recreational activities, including hiking, snorkeling, and golfing. Whether you’re strolling along the coastline or exploring the lush trails of the Big Island, every day in Lono - Kona feels like a vacation.

Make your dream of island living a reality in Lono - Kona Subdivision, where your perfect home awaits!

Newest Lono - Kona Subdivision Homes under $1.25 million

$849,000

3 Beds ⋅ 2 Baths ⋅ 733923 MLS ⋅ ['Fee Simple'] Tenure

Unlocking Exceptional Opportunity in Central Kailua-Kona! Positioned on a generous 7,774 sq ft lot zoned RD-3.75 (Double-Family Residential), 75-181 Kalani St offers a rare blend of immediate island living and high-upside development potential. The existing single-story home featuring 3 bedrooms, 1.5 baths, and 880 sq ft of living area—is intentionally positioned at the rear of the lot. This thoughtful placement preserves an expansive, fairly level front yard area, providing ideal space to construct a second residential unit (buyer to verify county planning/building permissions). Inside, enjoy clean living spaces with bright natural light, updated flooring, and ocean glimpses directly from the front lanai and the living room. This home is freshly painted inside and out, and features a gorgeous wood countertop on the cabinet separating the kitchen and living area. Key infrastructure advantages include county sewer connection and no HOA or CC&Rs, giving you maximum flexibility. Located just minutes from Aliʻi Drive, dining, shopping, and iconic Kona beaches, this versatile property is ideal for first-time homeowners, multi-generational buyers, or savvy investors seeking location and potential in West Hawaii.

75-181 Kalani St, KAILUA KONA

Listing courtesy of Better Homes and Gardens Real Estate Island Lifestyle.

$289,000

1 Beds ⋅ 1 Baths ⋅ 731917 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kona Driftwood Townhouse BLDG.

Kona Driftwood #205 is a one-bedroom, one-bath condo with an ocean-view covered lanai and a convenient location near downtown Kailua-Kona. The freshly painted interior features tile flooring throughout, a gas range, a stacked washer and dryer, and wall A/C. This second-floor walk-up has no unit above and no stairs within the condo. Assigned parking stall #205 is included. The monthly HOA fee includes water, gas, trash service, landscaping, and parking lot maintenance. Leave the car at home and walk to downtown Kailua-Kona, Aliʻi Drive, Kailua Pier, the waterfront, restaurants, shops, and local events. This central Kailua-Kona location provides convenient access to daily necessities.

75-176 Alakai St Unit 205, KAILUA KONA

Listing courtesy of NextHome Paradise Realty.

$950,000

4 Beds ⋅ 5 Baths ⋅ 731426 MLS ⋅ ['Fee Simple'] Tenure

Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking—an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.

75-190 Alakai St, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$445,000

2 Beds ⋅ 2 Baths ⋅ 729913 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kalawa Gardens BLDG.

Located in the heart of Kona this 2 bedroom 2 bath fee simple condo A3 features spacious living, tile and vinyl plank flooring, in-unit washer and dryer with a private lanai with mountain views to enjoy the tropical lifestyle. Kalawa Gardens is prime location that is minutes away from Downton Kona that offers restaurants, cafes and shops. The HOA fees cover water, sewer, trash and common area maintenance. Kalawa Gardens is a pet friendly (subject to board approval) community and short-term eligible which is a rare opportunity for a fee-simple ownership.

75-5709 Kalawa St Unit A3, KAILUA KONA

Listing courtesy of AA Oceanfront Rentals and Sales.

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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.