Lono Kona Homes with Fee Simple Land tenure

Welcome to Lono Kona, a hidden gem nestled in the heart of Kailua Kona, Hawaii. This vibrant neighborhood offers a unique blend of stunning natural beauty, rich cultural heritage, and a welcoming community atmosphere that makes it an ideal place to call home.

Lono Kona is characterized by its lush landscapes, breathtaking ocean views, and the warm, inviting spirit of island living. Residents enjoy easy access to beautiful beaches, where you can soak up the sun, partake in water sports, or simply relax with the sound of waves lapping at the shore. The area is also home to a variety of local shops, restaurants, and markets, allowing you to experience the best of Hawaiian culture right at your doorstep.

One of the standout features of Lono Kona is the availability of homes with fee simple land tenure. This means that homeowners have complete ownership of both the property and the land it sits on, providing a sense of security and investment that is highly sought after in real estate. Whether you’re looking for a cozy bungalow, a modern family home, or a luxurious oceanfront property, Lono Kona offers a diverse range of options to suit your lifestyle.

In addition to its beautiful homes, Lono Kona is also known for its friendly community, where neighbors become friends and local events foster a sense of belonging. With its perfect blend of natural beauty, cultural richness, and real estate opportunities, Lono Kona truly represents the best of island living. Come discover your slice of paradise in this enchanting neighborhood!

Newest Lono Kona Homes with Fee Simple Land tenure

$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.