North Kona Homes with Preservation Frontage

Welcome to North Kona, a captivating slice of paradise located on the western coast of Hawaii Island, specifically in the charming city of Kailua Kona. Known for its stunning ocean views, vibrant sunsets, and rich cultural heritage, North Kona is a haven for those seeking a tranquil yet active lifestyle. This region boasts a unique blend of natural beauty and modern amenities, making it a perfect place to call home.

One of the standout features of North Kona is its commitment to preserving the stunning coastal landscape. Homes with preservation frontage are a defining characteristic of this area, providing residents with unobstructed views of the sparkling Pacific Ocean and the lush, tropical surroundings. These properties not only offer a serene living experience but also a sense of connection to the natural world. Imagine waking up each morning to the soothing sounds of waves crashing against the shore and the gentle rustle of palm trees swaying in the breeze.

In addition to its breathtaking scenery, North Kona is renowned for its outdoor recreational opportunities. From world-class snorkeling and diving at Kealakekua Bay to hiking the scenic trails of the nearby mountains, adventure awaits at every turn. The local community is vibrant, with farmers' markets, art festivals, and cultural events that celebrate the rich history of the Hawaiian Islands.

Whether you're looking for a permanent residence or a vacation getaway, North Kona offers a unique blend of natural beauty, cultural richness, and a welcoming community. Embrace the island lifestyle and discover your dream home in this enchanting region of Kailua Kona.

Newest North 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.