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$1,000,000

NEW Major Value-Add: Kona Bay Estates is now recognized within the Resort Node, allowing newly built homes to qualify for STVR use (subject to County requirements), creating an exceptional opportunity for investors and those looking to maximize the property's income potential! Exceptional opportunity to own a premier 25,374 sq ft homesite (0.58 acres) in the exclusive gated oceanfront community of Kona Bay Estates. Positioned just one lot off the shoreline near the end of Kona Bay Drive, this rare offering captures stunning coastline and mountain views, cooling trade winds, and the soothing sound of waves along the Kona Coast—bordering open green space for unmatched privacy. Surrounded by luxury estates, it's steps from community-accessible Keiki Beach (Queen's Bath)—a private sandy cove with natural turquoise tide pools, perfect for family swims and year-round island enjoyment. This elevates everyday living in one of Kailua-Kona’s most coveted neighborhoods. Minutes from downtown Kona’s beaches, dining, and shopping, with utilities available and ready for your custom luxury estate. Secure your legacy property in Kona’s premier coastal paradise.

730249 MLS ⋅ ['Fee Simple'] Tenure

75-5483 Kona Bay Dr, KAILUA KONA

Listing courtesy of Knutson & Associates.

$5,350,000

This oceanfront four-bedroom, four-bathroom residence within Kona Bay Estates offers 3,490 sq ft of interior living space on a 12,020 sq ft parcel. Designed by Lucky Bennett, the home reflects a deliberate alignment of architecture, climate, and coastline within a guard-gated community with 24-hour security, direct shoreline access, and proximity to Kailua Pier, Ali‘i Drive, and a nearby community park with pickleball courts. Set along a coastline historically associated with the Royal Compound of King Kamehameha I, the property is grounded in both cultural and geographic continuity. Just steps away, Keiki Beach/Queen Bath provides rare sandy, swimmable access. This oceanfront enclave includes only eight homes with direct sandy beach frontage, and the property features its own private sandy beach area. Designed for indoor-outdoor living, the open-concept layout allows a seamless transition between interior and covered lanais, where the two merge fluidly. The orientation captures both sunrise and sunset year-round, with expansive ocean views from the main living areas and multiple bedrooms. A true oceanfront dining area sits directly along the coastline. The home is arranged across multiple levels to maximize airflow, views, and natural light. A central courtyard anchors the design, featuring a shaded pool positioned beneath the main living structure, creating a naturally cooled environment that contrasts with the open ocean exposure. Interior features include koa wood cabinetry in the kitchen and bathrooms, and a primary suite with central air conditioning and two air-conditioned walk-in closets. Additional living spaces support flexible use and gatherings, with a layout designed for connection and flow. The oceanfront setting provides ongoing visibility of marine life, with whales and dolphins frequently observed offshore, integrated into the daily coastal experience.

4 Beds ⋅ 5 Baths ⋅ 729953 MLS ⋅ ['Fee Simple'] Tenure

75-5506 Kona Bay Dr, KAILUA KONA

Listing courtesy of COMPASS.