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$770,000
2 Beds ⋅ 2 Baths ⋅ 732132 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kahaluu Reef BLDG.
Turnkey Vacation Rental Opportunity in the Heart of Kona! Welcome to 78-6665 Alii Drive #101, a proven, heavily booked short-term vacation rental just across the street from the Pacific Ocean. This desirable ground-floor condo offers easy access to world-class snorkeling, surfing, paddleboarding, and unforgettable Hawaiian sunsets. Ideally located just minutes from Keauhou Shopping Center, you'll enjoy convenient access to restaurants, shopping, a grocery store, movie theater, farmers market, golf, and more. Kona's beaches, outdoor adventures, and vibrant downtown are all within easy reach. Whether you're looking for a successful income-producing investment or your own island getaway, this turnkey property offers the perfect combination of location, lifestyle, and vacation rental income. Owners grossed $68,492 in 2024 and $83,149 in 2025. As of July 14th, 2026, the unit already brought in $44,970. The STVR permit is transferable to the new owner. Resort-Style Amenities in a low density complex. Enjoy the Kahaluu Reef common area amenities including a pool pavilion with an ocean view of Kahaluu Beach. Watch surfers ride the waves, host barbecues with family and friends or jump in the pool. The HOA fee covers trash, water, cable, exterior maintenance, and pool access

78-6665 Alii Dr Unit 101, KAILUA KONA

Listing courtesy of KW Big Island.

$455,000
1 Beds ⋅ 1 Baths ⋅ 730611 MLS ⋅ ['Fee Simple'] Tenure ⋅ Makolea BLDG.
Wake up just steps from Kahalu'u beach and spend your evenings enjoying breathtaking Kona sunsets from your private lanai. Gorgeous ocean view of the beach while sitting on the lanai. This charming end unit condo offers the perfect blend of island lifestyle and convenience along Ali'i drive. Turnkey property with front loading washer and dryer. Brand new AC unit in bedroom Pool and hot tub on property.

78-216 Makolea St Unit 24, KAILUA KONA

Listing courtesy of Go Luxe Realty.

$1,750,000
1 Beds ⋅ 2 Baths ⋅ 730361 MLS ⋅ ['Fee Simple'] Tenure
Rare opportunity on the coveted makai side of Aliʻi Drive in an area steeped in Hawaiian history and culture. Positioned along the shoreline of Kahaluʻu Bay, this 2-story, 1-bedroom, 2-bath home offers an authentic Kona coastal experience with panoramic ocean views, year-round sunsets, and a front-row view of surfers riding the waves at Kahaluʻu. The upper-level primary suite serves as a private retreat, with French doors opening to an ocean-view lanai overlooking the bay and the surf break below. Designed to capture the trade winds and sea breezes, the space features expansive ocean views that provide a stunning backdrop from morning through sunset. A dedicated work area, generous closet storage, and private bath complete the suite. The main level offers a flexible layout designed for guests and everyday living, with a welcoming entry and full bathroom. The living area includes a built-in entertainment cabinet, Murphy bed, and sleeper sofa, allowing the space to easily adapt for additional visitors while maintaining a clean, functional feel. Two sliding doors open to a lanai with ocean views, bringing in natural light and capturing the coastal setting from the main living area. The kitchen is efficiently designed with an eat-in island, pantry, glass-top range, microwave hood, refrigerator, and dishwasher (sold as-is), offering everything needed for simple island living. Just minutes from Keauhou Shopping Center, the location balances everyday convenience with direct access to the Kona coastline. Bike lanes along Aliʻi Drive support an active outdoor lifestyle centered around the ocean, and the surrounding shoreline makes it easy to spend time walking, running, or simply being near the water. The home itself is compact but comfortable, well suited for those drawn to life near the coast.

78-6666 Alii Dr, KAILUA KONA

Listing courtesy of Arabel L Camblor Realty.

$799,000
2 Beds ⋅ 2 Baths ⋅ 730135 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kahaluu Reef BLDG.
Enjoy the tranquil sounds of the crashing waves and the epic ocean/sunset views from this rarely available top floor unit at the "boutique" Kahaluu Bay condominium complex. This unit is a very successful STVR and is being sold furnished / turnkey. The Kahaluu Reef Condo Complex is a hidden treasure and is located within a vacation/resort zoning node, V-1.25, allowing for the ability to be used as a Short Term Vacation Rental. This unit has recently been remodeled and boasts the following features: * New flooring * New doors * Fresh paint through-out the unit * New appliances through-out the unit * New central A/C system installed * Beautiful kitchen sink with double drainboards * Granite counter tops in kitchen and bathrooms * Prime rental location * Transferable STVR license * Transferable future bookings At this property you will be within walking distance of world class surf and snorkel/scuba spots. Property amenities include a large pool, pavilion, and BBQ area. This is a great opportunity to own a very unique income producing property in the heart of the Kona Coast. VIDEO TOUR LINK BELOW!! https://player.vimeo.com/video/1165747553?badge=0&autopause=0&player_id=0&app_id=58479

78-6665 Alii Dr Unit 302, KAILUA KONA

Listing courtesy of Koa Realty, Inc..

$499,000
2 Beds ⋅ 2 Baths ⋅ 729359 MLS ⋅ ['Fee Simple'] Tenure ⋅ Makolea BLDG.
This successful vacation rental offers a private lanai where you can soak up the serene tropical ambiance. The unit is fully furnished and features 2 bedrooms and 2 bathrooms, with a convenient washer and dryer in-unit. Located on the quiet side of a small, professionally managed complex, it provides a peaceful retreat while still being close to the action. Enjoy access to a community pool and barbecue area, enhancing your relaxation and entertainment options. The condo is just a short distance from the renowned Kahaluu Beach, Keauhou Shopping Center, and various shops, a movie theater, clothing stores, and restaurants. This property combines everything you need for an ideal vacation in Kailua Kona on the Big Island, all at a price that is sure to attract interest. Don’t miss out on this opportunity to own a slice of paradise! Monthly AOAO fees covers building insurance, grounds, pool, exterior, trash, water and internet is discounted.

78-216 Makolea St Unit 21, KAILUA KONA

Listing courtesy of First Island Realty, LLC.

$949,000
3 Beds ⋅ 2 Baths ⋅ 725199 MLS ⋅ ['Fee Simple'] Tenure ⋅ Beach Villas At Kahaluu BLDG.
Kahaluu Beach Villas #303 is an active STVR and a beautifully maintained top-floor 3-bedroom, 2-bath residence. Perfectly positioned across from Kahaluu Beach Park, it offers front-row access to one of Kona’s best snorkeling beaches. Step onto your spacious covered lanai to enjoy ocean and sunset views, and take in the ease of island living just minutes from restaurants, shopping, and surf. This turnkey unit offers approximately 1,200 sq. ft. of interior space with a large ocean-view lanai, central A/C, in-unit washer and dryer, granite countertops, and a detached storage unit. The gated Kahalu'u Beach Villas community features a resort-style infinity pool, spa, BBQ area, and lush tropical landscaping. Fully furnished and ready for immediate use, this property is ideal as a vacation rental, second home, or ocean-view retreat. Showings by appointment only. Please allow advance notice as viewings must be scheduled around guest stays.

78-6721 Alii Dr Unit 303, KAILUA KONA

Listing courtesy of eXp Realty.

$3,950,000
3 Beds ⋅ 4 Baths ⋅ 721460 MLS ⋅ ['Fee Simple'] Tenure
CUSTOM OCEANFRONT LUXURY! REMODELED! ! POOL AND SPA! GATED! SEPARATE GUEST HOUSE! An extraordinary oceanfront residence awaits you, as you enter this stunning oceanfront residence with the feeling of privacy and exclusivity! The main house is a 3 bedroom, 3 bathroom with an over-sized office that could be converted to bedroom if needed. The guest house is a wonderful addition! This oceanfront home captures the spectacular Kahalu'u beach coastline views as well as the captivating ocean just in front of you. During high surf peaks which have never affected this home due to a large reef for protection, famous surfers can been seen being towed out on occasion to enjoy the grand waves in the distance! Custom high ceilings of pure elegance await you in this amazing stunning oceanfront estate residence. The gourmet kitchen just off the pool is big and open, and laid with fine Koa cabinetry and stunning Quartz countertops! Newer fine appliances! The pool and oversized spa where redone in 2022-2023 are captivating and inviting as you lounge looking out to the whales (during whale season) , dolphins frolicking and checking out the fun ocean activity just in front of you! The primary bedroom and bathroom are wonderfully spacious, as well as luxurious and beautifully remodeled with stunning tile features and cabinetry. The other 2 bedrooms are nicely appointed and all the main house bathrooms have been beautifully remodeled! The office area has a fabulous ocean view as well! A Separate guest house is attached to the home. Beautiful granite, a combined living area/bedroom, bathroom, and a spacious lanai and very nice ocean views! Come see this beautifully gated oceanfront dream residence that the creator of the Boogie Board and a famous writer used to own! It truly is a warm and cozy, magical residence! New Septic approved 2015. Fabulous location on famous Ali'i Drive in Kailua-Kona!

78-6600 Alii Dr, KAILUA KONA

Listing courtesy of Premier Island Properties LLC.

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.