Lono Kona Homes with Preservation Frontage

Welcome to Lono Kona, a serene gem nestled in the heart of Kailua Kona, Hawaii. This enchanting neighborhood is renowned for its stunning coastal views, lush landscapes, and a vibrant community atmosphere that invites residents to embrace the island lifestyle. With the Pacific Ocean as your backdrop, Lono Kona offers an idyllic setting for those seeking both tranquility and adventure.

One of the standout features of this charming community is its unique homes with preservation frontage. These residences are thoughtfully designed to harmonize with the natural beauty of the area, providing unobstructed views of the coastline and preserving the lush surroundings. Living in a home with preservation frontage means you can enjoy the sights and sounds of nature right from your doorstep, with the added benefit of knowing that the scenic vistas will remain protected for generations to come.

Lono Kona is not just about beautiful homes; it’s also about community. Residents here enjoy easy access to pristine beaches, local farmers' markets, and vibrant cultural events that celebrate the rich heritage of Hawaii. Whether you’re exploring the tide pools, indulging in fresh island cuisine, or simply soaking up the sun, there’s something for everyone in this delightful neighborhood.

With its perfect blend of natural beauty, community spirit, and preservation efforts, Lono Kona is more than just a place to live; it’s a lifestyle. Experience the magic of Kailua Kona and discover your dream home in this captivating coastal paradise. Let Lono Kona be the backdrop for your next chapter in life!

Newest Lono Kona Homes with Preservation Frontage

$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.