Lono - Kona Subdivision Homes with City View

Welcome to Lono - Kona Subdivision, a hidden gem nestled in the heart of Kailua-Kona, Hawaii. This picturesque neighborhood offers a harmonious blend of tropical beauty and modern living, making it an ideal choice for those seeking a slice of paradise. With stunning city views that stretch across the horizon, residents are treated to breathtaking sunsets and twinkling lights that illuminate the night sky.

Lono - Kona Subdivision boasts a variety of homes that cater to diverse lifestyles, from cozy single-family residences to luxurious estates. Each property is designed to take full advantage of the stunning vistas, with many featuring spacious lanais that invite you to unwind and soak in the beauty of your surroundings. Imagine sipping your morning coffee as the sun rises over the Pacific Ocean or hosting evening gatherings with friends as the city lights twinkle below.

Beyond the stunning homes, the neighborhood is rich with amenities. Residents enjoy easy access to local parks, hiking trails, and pristine beaches, perfect for outdoor enthusiasts and beach lovers alike. The vibrant Kailua-Kona town center is just a short drive away, offering a delightful array of shops, restaurants, and cultural attractions that showcase the unique charm of island life.

Whether you’re looking for a permanent residence or a vacation retreat, Lono - Kona Subdivision promises a lifestyle filled with tranquility, natural beauty, and community spirit. Come and discover the enchanting allure of this remarkable neighborhood, where your dream home awaits amidst the breathtaking landscapes of Hawaii.

Newest Lono - Kona Subdivision Homes with City View

$8,875,000

20 Beds ⋅ 25 Baths ⋅ 730091 MLS ⋅ ['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 is available.

75-5749 Alahou St Unit 25, KAILUA KONA

Listing courtesy of Pacific Realty Organization LLC.

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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.