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$849,000
4 Beds 2 Baths 732724 MLS ['Leasehold'] Tenure
This is a leasehold property. Set on 6.3 acres in South Kona, this KSBE leasehold mixed-crop farm offers a combination of flexible living, established agriculture, and stunning ocean views. Lovingly cared for, the property provides flexibility for living, working and pursuing creative and agricultural interests. The home is uniquely configured as two separate 2-bedroom, 1-bath living spaces connected by a covered lanai. On the makai side, a full kitchen, dining area and living room open directly to the covered lanai, creating a natural gathering space between the two buildings. The mauka side features a spacious living area. Four separate stairways provide access to the home, and a chair lift offers added convenience when moving people or heavier items between levels. Below the living areas, an equal amount of usable ground-level space provides a substantial foundation for the farm operation. Finished with a thick gravel base, this versatile area is currently used for storage, organization and food processing, while the space beneath the mauka living area has been configured as a cabinet-maker's woodshop. The hot tub sits overlooking the orchard, with a nearby outdoor shower. The fenced property is divided by Huanui Road, with the larger makai portion primarily planted in macadamia nuts, breadfruit/ulu and avocado, along with additional crops including a kabocha pumpkin patch. A leased Sunrun PV system covers most of the power bill The home and farm have been exceptionally well maintained, reflected in one of the cleanest pre-home inspections. Some of Hawai‘i Island's finest ocean access is close by, including Hōnaunau, Ho‘okena, Manini and Kealakekua Bay—exceptional destinations for swimming, snorkeling, paddling and fishing, and an integral part of the South Kona lifestyle. KSBE LH properties require a cash purchase and take approximately 6 months to close escrow * Lease rent is annual * Lease to 12/31/2054

83-5599-D Middle Keei Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$650,000
2 Beds 2 Baths 732081 MLS ['Leasehold'] Tenure
This is a leasehold property. 1.09 acre KSBE ag LH mixed - crop tropical farm retreat with flexible living space minutes from Hawai’i Island’s finest ocean access spots. This unique property is woven into a tropical farm setting. The open living area connects the kitchen to a glass-enclosed, screened-in lanai with a Hawaiian pūne‘e daybed and a wall of windows framing sweeping South Kona coastline views. Hardwood detail adds warmth and natural character to this vintage home. A cozy en suite bedroom with separate entrance is located off the kitchen. Covered decking leads to additional rooms opening to the gardens, including the Shoji room overlooking the turtle pond with its resident turtle. A round window feature and mural-enhanced exterior create the perfect space for meditation, yoga or massage. Below the main home are a shop area and a storage room. A separate building without plumbing or electricity was used as an art studio and is currently storage. The 1.09 acre scale makes the ag LH farming requirement manageable, with enough land to cultivate without the demands of a much larger farm. The property is mostly fenced and productive, with avocado, banana, cacao, citrus, coconut, coffee, lilikoi, mango, papaya and ‘ulu, along with bamboo, ginger, heliconia and plumeria.. A fruit stand at the bottom of the drive offers the opportunity to share and sell the farm’s harvest along this special road, known for its local fruit and baked-goods stands. Ke Ala o Keawe is the road to Pu’uhonua o Honaunau National Historical Park. Some of Hawai‘i Island’s finest ocean access is nearby, including Hōnaunau, Ho‘okena, Manini and Kealakekua Bay — exceptional spots for swimming, snorkeling, paddling and fishing, all part of everyday South Kona living. * KSBE LH properties require a cash purchase and take approximately 6 months to Close escrow * Lease rent is annual. * Lease to 3/1/2051

84-4956 Ke Ala O Keawe Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$220,000
1 Baths 732948 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Long-term lease expiring in 2079! Fully renovated & Fully furnished Active STVR in Prime Kailua-Kona Location! This beautifully updated studio at Kona Islander Inn offers an exceptional opportunity to own an affordable Hawaiian getaway with established short-term vacation rental potential. Located in a designated Vacation Zone across the street from the shoreline, dining, shopping, and popular Kona attractions, this third-floor condo is ideally positioned for both personal enjoyment and investment use. The thoughtfully renovated interior features modern tropical finishes, comfortable furnishings, and a welcoming resort-inspired atmosphere. Enjoy your private lanai overlooking the lush grounds and pool area—an ideal spot for morning coffee or winding down after a day of island adventures. Kona Islander Inn offers a relaxed vacation setting with a swimming pool, jacuzzi, BBQ areas, and onsite laundry. The convenient location puts you close to ocean activities, restaurants, entertainment, and everything downtown Kailua-Kona has to offer. As a leasehold property, this studio provides an opportunity to enter the Kona market at a potentially lower price point while enjoying the benefits of a vacation-oriented location. Whether you're looking for a personal island retreat, a potential income-producing STVR, or a combination of both, this turnkey studio is worth a look. HOA fee includes water, internet, trash, TV and electricity!

75-5776 Kona Islander Inn Unit 305, KAILUA KONA

Listing courtesy of KW Big Island.

$429,900
2 Beds 2 Baths 732991 MLS ['Leasehold'] Tenure Kona Makai BLDG.
This is a leasehold property. Welcome to Kona Makai 2-101, a beautifully updated 2-bedroom, 2-bath ground-floor corner residence offering approximately 1,041 sq. ft. of comfortable island living just moments from the ocean. **Offered turnkey and fully furnished**, this successful vacation rental combines a highly desirable location, flexible floor plan, ocean views, split-system air conditioning, and convenient no-stairs access. The unit underwent extensive updates in 2024, including new A/C mini-splits, refreshed kitchen cabinetry, new backsplash and floating shelves, new living room and kitchen flooring, updated paint and wall coverings, new fixtures and lighting, new furniture and décor, custom headboards, and a new television in the primary bedroom. Kona Makai 2-101 offers an established short-term vacation rental history and is being sold **turnkey and fully furnished**, creating an attractive opportunity for a buyer seeking a second home, island getaway, or investment property. Successful vacation rental in 2025 with additional rental activity continuing through 2026. Future reservations are already scheduled from September through spring, providing potential continuity for a buyer interested in vacation-rental use, subject to applicable rules, permits, booking-platform requirements, and reservation-transfer arrangements. An especially notable feature is the opportunity to convert the property from leasehold to fee simple. The Kona Makai AOAO has acquired the leased-fee interests for the condominium project and established a program allowing individual unit owners to purchase their proportionate fee interest. Buyers should review the current fee-conversion documents, pricing, deadlines, financing terms, and closing costs as part of their due diligence. Established vacation rental with a potential path to fee-simple ownership.

75-6026 Alii Dr Unit 2101, KAILUA KONA

Listing courtesy of Hawaii's Homegrown Realty LLC.

$245,900
1 Beds 1 Baths 732776 MLS ['Leasehold'] Tenure Kona Makai BLDG.
This is a leasehold property. Welcome to Kona Makai #5-207, a beautifully positioned end unit offering an exciting opportunity in one of Kona’s desirable oceanfront communities. Conveniently located with close access to parking this fully furnished 1-bedroom, 1-bath condominium offers approximately features two private lanais surrounded by Kona Makai’s lush tropical setting. What makes this opportunity particularly exciting is the flexibility now available to buyers. While currently leasehold, the fee simple interest is now available for purchase at Kona Makai, creating an opportunity to convert to fee simple ownership. Financing options are also available opening the door to buyers who may have previously overlooked leasehold properties. For investors, the potential is especially compelling! Kona Makai is an STVR-eligible complex, offering an opportunity for short-term vacation rental use. Combined with the ability to purchase the fee, this creates a unique opportunity for buyers looking for both flexibility and long-term potential. Inside, the end-unit location adds to the appeal, while two lanais provide additional spaces to enjoy Hawaiʻi’s indoor-outdoor lifestyle. Kona Makai offers fantastic resort-style amenities, including a spectacular oceanfront pool and spa, BBQ and gathering areas, tennis and pickleball courts, beautifully maintained tropical grounds, and ample open parking Located just minutes from downtown Kailua-Kona’s restaurants, shopping, beaches, and ocean activities, 5-207 combines location, convenience, rental potential, and the rare opportunity to purchase the fee interest. Leasehold today with the fee available for purchase an exciting opportunity to make Kona Makai your own!

75-6026 Alii Dr Unit 5207, KAILUA KONA

Listing courtesy of Knutson & Associates.

$109,900
1 Beds 1 Baths 732626 MLS ['Leasehold'] Tenure Honalo Plaza BLDG.
This is a leasehold property. Big Island Living Within Reach | $109,900 This beautifully updated 1-bedroom, 1-bath condo offers an affordable opportunity to enjoy a place of your own in the Kona area. Fresh, comfortable, and move-in ready, the thoughtfully designed interior makes great use of the space and offers an easy, low-maintenance lifestyle. A standout benefit is the value included in the $798 monthly maintenance fee, which includes the lease fee, electricity, water, propane, rubbish removal, and building insurance—bringing several major monthly expenses together into one convenient payment. Whether you're looking for an affordable full-time residence, a convenient Hawai‘i home base, or a simple lock-and-leave retreat, this remodeled condo offers an appealing alternative to the considerably higher price of many fee-simple properties in the Kona area. For the right cash buyer who understands leasehold ownership, this is an opportunity to enjoy the Hawai‘i lifestyle at a price point that's increasingly hard to find. LEASEHOLD PROPERTY. CASH OFFERS ONLY. NO SELLER FINANCING. Current lease expires in 2039. Buyer to independently verify lease terms, maintenance fee inclusions, rental use, fees, and all information deemed material to the purchase.

79-7261 Honalo Plaza Unit 204, KAILUA KONA

Listing courtesy of ZT Hawaii LLC.

$114,000
1 Beds 1 Baths 732427 MLS ['Leasehold'] Tenure Kona Kai BLDG.
This is a leasehold property. Own one of the area's most sought-after vacation rentals! This beautifully maintained top-floor condominium has been a consistently successful Airbnb property, generating an average of approximately $55,000 in annual gross rental revenue over the past five years. With an established rental history, outstanding guest reviews, and reservations already on the books through 2027, this is a rare opportunity to step into a proven, income-producing property from day one. Now offered at it's rock bottom price and with the potential of transferring approx. $22,000 of future 2026 STVR bookings. Located on the top floor of a two-story building, the condominium enjoys peaceful privacy along with relaxing ocean and pool views from the lanai. Guests love the bright, open feel and the elevated vantage point that captures Kona's beautiful sunsets and tropical atmosphere. The location is one of the property's greatest assets. Situated in the heart of Kona, visitors can easily walk or take a short drive to beaches, restaurants, shopping, and local attractions. This highly desirable central location has been a major contributor to the property's exceptional occupancy and repeat guest business. The sale includes one assigned parking space, adding convenience for both owners and guests. Please note: This is a leasehold property and because of leasehold financing limitations a cash purchase is required. Whether you're looking to expand your vacation rental portfolio or own a tropical getaway with a proven income stream, this turnkey investment offers an exceptional combination of location, performance, and lifestyle.

74-5618 Palani Rd Unit A4, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$110,000
1 Beds 1 Baths 732315 MLS ['Leasehold'] Tenure Kona Kai BLDG.
This is a leasehold property. A rare chance to own near the Kailua-Kona pier. This freshly updated one-bedroom leasehold condo at Kona Kai sits close to Alii Drive, downtown restaurants, and KTA Super Store, at a fraction of the cost of nearby fee-simple condos. Second-floor unit in one of Kailua-Kona's most central locations, just 0.3 miles from the pier and Alii Drive, so swimming, shopping, and strolling are right outside your door. This unit has an open lanai (although owners can screen in lanais) and an ultra prime parking spot right outside the door. Recently updated with new laminate flooring, fresh paint throughout, new bathroom vanity and shower surround, and new kitchen appliances — including a gas range which is a rare treat when it comes to condo living. Land lease through 2034, this is a cash-only purchase, not financeable. CV-10 zoning and HOA rules both allow short-term vacation rental use (STVR/TAR permit not yet obtained, to be secured separately by buyer), offering ultimate flexibly to cover carrying costs when not in use. Whether you're looking for a home base or a place to get away, this condo puts your Kona dream within reach. Kona Kai amenities: large community pool with expansive pool deck, BBQ area, on-site coin laundry, outdoor shower for rinsing off.

74-5618 Palani Rd Unit L2, KAILUA KONA

Listing courtesy of Knutson & Associates.

$582,000
3 Beds 3 Baths 732129 MLS ['Leasehold'] Tenure
This is a leasehold property. Located in Keauhou Mauka, the heart of the Kona Coffee Belt, this property offers a lifestyle that most would envy. The farm is 19.5 acres, with approximately 11.5 acres of planted coffee, with over 3300 ungrafted trees that are fully accessible by machine. The house is open and airy, with Brazillian Cherry wood floors in the main living area, skylights and sweeping ocean views. There are 3 bedrooms on the second level as well as an office, full sized bathroom, a dining area and a living room. Upstairs on the third level is a large primary bedroom and its own bathroom. On the ground floor level is a one car garage, a bonus room and Farmhand quarters with a full bathroom. Make your Kona Coffee dreams a reality! **Agricultural land and county water. Farm equipment is not included in the sale. Verification of funds is required prior to showing. Property is owner occupied and 48 hours notice is preferred. Home inspection available.

78-1134 Bishop Road, HOLUALOA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$195,000
1 Baths 732139 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Welcome to this Top floor, End unit Studio which has been renovated and is offered fully furnished. The historic Kona Islander Inn has wonderful amenities, inviting lush tropical gardens and is centrally situated within Kailua-Kona village - a peaceful retreat with the convenience of being in the heart of town. - Enjoy this island-style condo as your own Hawaii getaway and as an investment property as well. The property is an existing vacation rental with solid rental history and future reservations which are assumable by Buyer. - Offered completely furnished with all that you'll need including a Queen bed plus sofa-sleeper, indoor and outdoor seating, TV, refrigerator / freezer, microwave, coffee-maker & more - Enjoy the covered outdoor lanai with garden views, ocean breeze - Air conditioning for warmer Hawaii climate plus tropical ceiling fan - Amenities include centrally located in-ground pool, spa, barbecue, charming open-air lobby with lounge and veranda, complimentary parking pass, lush mature landscaping and coin-operated laundry facility - Located adjacent to Alii Drive, Kona Islander Inn is just a short stroll to all that Kailua-Kona has to offer: ocean activities, historical sites, restaurants, shopping & farmer's market, personal services, churches and Kailua Public Library. - Monthly condo fees include all utilities: electricity, TV cable/internet, water, sewer, trash, maintenance of the grounds, pool, spa, barbecue, recycling.

75-5776 Kuakini Highway Unit 334, KAILUA KONA

Listing courtesy of NextHome Paradise Realty.

$199,000
1 Baths 731827 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Incredible opportunity to own a turnkey, active short-term vacation rental in the heart of Kailua-Kona. Located on the third floor of the Oahu building at the Kona Islander Inn, suite #339 is a 372 sqft studio offering peaceful Plumeria garden views from its private lanai. Priced to sell, this unit features an established STVR track record with a 3-night minimum stay. Proven seasonal rates include a $140/night base rate. Step right into an operational investment asset or use it as your private tropical escape. The complex sits directly across the street from the ocean and is just steps from the historic dining, shopping, and entertainment along Alii Drive. Resort-style amenities include an in-ground pool, spa/hot tub, two BBQ grill areas, community laundry, and helpful onsite staff. The comprehensive $1,075/month maintenance fee completely streamlines your expenses by covering electricity, high-speed internet, cable TV, water, sewer, trash, and common area maintenance. This leasehold property is open to Cash or 1031 Exchange buyers, with furnishings negotiable. Pack your suitcase and take over this prime piece of Kona today. The information herein may contain inaccuracies and is provided without warranty of any kind. Agents and buyers must independently verify any info they deem material or important to their purchase or any offered price thereunder.

75-5776 Kuakini Hwy Unit 339, KAILUA KONA

Listing courtesy of eXp Realty.

$280,000
1 Baths 731984 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Enjoy the convenience of in-town living at the Kona Islander Inn. This turnkey, leasehold studio is currently operating as a successful short-term vacation rental and features a private lanai overlooking the pool area, and beautifully maintained tropical landscaping. The unit offers a blend of modern and island-style furnishings, air conditioning, blackout drapes, a kitchenette, and everything needed for a comfortable island getaway. Resort amenities include a pool, hot tub, BBQ area, parking lot, trash service, and on-site laundry. Ideally located along Ali‘i Drive, the Kona Islander Inn is just a short walk to the ocean, Kailua-Kona town, restaurants, shops, and popular attractions. Monthly HOA fees include leasehold rent, water, electricity, basic cable, trash, and high-speed internet. Lease runs through 2079 with renegotiation scheduled for 2029. Buyers utilizing lending are welcome to submit offers.

75-5776 Kona Islander Inn Unit 201, KAILUA KONA

Listing courtesy of eXp Realty.

$325,000
3 Beds 3 Baths 731783 MLS ['Leasehold'] Tenure
This is a leasehold property. This newly constructed home is ready for move in day! Really the only thing left to do is create your oasis with whatever landscaping suits you best. The interior was designed with modern living in mind. From the open concept living area with kitchen island, to the durable luxury vinyl plank flooring, this home is beautiful and practical all at the same time. The fresh clean color pallet is enhanced by all of the natural light coming through home's windows. Washer and dryer hookups are in the covered carport. This is an affordable housing property and buyers must qualify financially by being in the income range of 80% - 140% of the Hawai'i County median income. Call for more information, or visit https://haleohawaii.org

11-3319 Pa Alii St, VOLCANO

Listing courtesy of COMPASS.

$699,000
5 Beds 3 Baths 731103 MLS ['Leasehold'] Tenure
This is a leasehold property. The lease is a Kamehameha Schools/Bishop Estate Agricultural Productive Lease which is set to expire on 10/31/2051. Gracing this productive 5.53 acre macadamia and coffee farm is an impressive and well maintained two story 5 bedroom/3 bath home located at the lower end of the property. The home is situated at an approximate elevation of 1,100' and overlooks a beckoning and picturesque stretch of the South Kona District coastline. Notable features of the home include * An upper level with 1,672sqft of living area that includes 3 bedrooms and 2 bathrooms was completed in 1983. * A lower level with 2 bedrooms and 1 bathroom was added and finalized in 1993. * Covered lanais of 546sqft on the upper level and 80sqft on the lower level. * A spacious kitchen area with plenty of counter space and cabinetry. * Bathrooms were updated in 2011. * Solar hot water system installed in 2008. * An attached 3 car carport of 930 sqft that includes a lockable storage area as well as a family recreation area. Residential Landscape: * Large well maintained lawn area on the northern side with rock retaining walls. * An attractive garden area containing anthuriums and hapuu. * Plenty of room for raised garden beds. Farm Area: * Has approximately 100 producing and mature macadamia trees. Approximately 300 coffee trees have planted in the past 5 years. * Miscellaneous fruit trees. * A neighbor owned fence forms the northern boundary while an intermittent rockwall bounds the southern boundary. * A 4*4 road provides access to the upper end of the farm. * A processing and storage shed is conveniently located at the lower end of the farm. This special property is conveniently located 5 miles from Captain Cook and just over a mile from the Honaunau Elementary School. Kailua-Kona and the Kona Airport are within 17 and 24 driving miles respectively. https://player.vimeo.com/video/1205189352

84-5084 Hawaii Belt Rd, CAPTAIN COOK

Listing courtesy of Sue Brown Realty and Associates.

$229,000
1 Baths 730813 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Rarely available View Unit in Kona Islander Inn. Enjoy the beautiful Ocean Horizon Views from this Upper Floor Corner Unit!!! Situated in the highly sought after Maui Building, tucked away from traffic and road noise this 3rd floor corner unit is a tranquil escape while still being in the heart of the action in Kailua Kona with easy access to Alii Drive Beaches & Restaurants. This artistically decorated retreat boasts an updated kitchenette, new sliding door, new AC unit and pride of ownership through out. Whether you're looking for a relaxing vacation or a remote working experience, this is the ultimate destination to create your piece of Hawaiian Paradise. Unit #322 is a highly successful Short Term Vacation Rental, and comes turnkey with everything you need to continue this revenue generating investment. Monthly HOA Fees Include: Water / Electric / Trash / Cable / Internet / Resident Manager in addition to the maintenance of the grounds and pool & spa and BBQ area

75-5776 Kuakini Hwy Unit 322, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$179,000
730234 MLS ['Leasehold'] Tenure
This is a leasehold property. Turnkey cafe opportunity with extensive leasehold improvements already in place. Just the cafe is for sale and its improvements, the new owner would need to have their own business name and concept. The business Coffee Girl is not for sale. This stylish and well maintained cafe features a welcoming customer seating, upgraded tile flooring and counter, commercial cold kitchen, updated plumbing, and quality fixtures throughout. Designed for efficient daily operations, this space offers excellent workflow for coffee flow service, food preparation, and customer experience. The cafe is located in a high-visibility area with strong foot traffic and convenient access for both local and visitors. Leasehold improvements provide significant value for a new owner looking to step into an established setup without the cost of delays of a full build-out. Ideal for an owner-operator, coffee concept, bakery, brunch spot, or a specialty business gelato or ice cream. Sale includes leasehold leasehold improvements, furniture, fixtures, and equipment, creating a ready-to-operate opportunity with growth potential.

42 Waianuenue Ave, HILO

Listing courtesy of Coast Properties Ltd..

$849,000
3 Beds 2 Baths 731416 MLS ['Leasehold'] Tenure
This is a leasehold property. Rare opportunity to acquire the former Hawaiian Host South Kona facility, a landmark property in the heart of the Kona Coffee Belt. Situated on approximately 3.1 acres along Lower Napoʻopoʻo Road, this Kamehameha Schools Bishop Estate leasehold property includes a 3-bedroom, 2-bath caretaker residence, approximately 11,000+ square feet of warehouse, manufacturing, office, storage, and retail/showroom space. Existing infrastructure provides a rare combination of operational capacity, flexibility, and expansion potential in one of Hawaiʻi Island's most desirable agricultural regions. Leasehold interest extends through February 29, 2052. Properties of this size, infrastructure, and potential rarely become available in South Kona. Property is being sold As-Is. Buyers are encouraged to conduct their own due diligence regarding lease terms, assignment requirements, permitted uses, and all matters material to their purchase. All information herein is deemed reliable but not guaranteed. Buyers and their agents should independently verify any information they deem material or important to their purchase.

83-5711 Lower Napoopoo Rd, CAPTAIN COOK

Listing courtesy of eXp Realty.

$160,000
2 Beds 1 Baths 731309 MLS ['Leasehold'] Tenure Hilo Terrace BLDG.
This is a leasehold property. Welcome to this gorgeous two-bedroom, one-bathroom condo in the desirable Hilo Terrace community, offering the perfect mix of island charm and city convenience. The living room glows with gorgeous natural light, leading into a super cute kitchen layout complete with hardwood cabinets, a fridge and a stove, and plenty of room to whip up your favorite meals. Enjoy spacious bedrooms with large closets and windows that open. There are an additional two closets in the condo to help handle all your storage goals. Location perks abound as you are situated directly across the street from local schools and just minutes from the bustling shops and eateries of downtown Hilo. Combining comfort with practicality, the property also features a pool, on-site trash disposal, municipal water, available mail service and a laundry facility. Fully furnished and move-in ready. Furniture can be purchased for an additional fee. HOA fees are about $750, which includes: HOA fees, reserve fee, gas, water, trash, and leasehold fee. Electrical is additional but billed through the monthly HOA statement Leasehold: This is a leasehold, meaning there is a $100/month leasehold fee to cover the lease fee, which can be purchased for an additional $55,000 +/-

485 Waianuenue Ave Unit 122, HILO

Listing courtesy of Bizwala.

$329,000
2 Beds 1 Baths 730721 MLS ['Leasehold'] Tenure
This is a leasehold property. This nearly 10 acre property offers the sustainable, off-grid lifestyle many dream of and now available for the first time on the market! Perfect for a family or individual seeking to live the farming lifestyle, it combines a solid home, income-producing orchards, and panoramic coastline views with year-round sunsets. The 2-bedroom, 1-bath 1975 home is well-built, with an additional large room (formerly an office, now storage), a separate carport and attached tool shed housing the off-grid system. A second detached structure provides a covered workspace and secure storage. Off-Grid Systems Include: * 2 catchment tanks: steel tank at the top of the property gravity-feeds the home and a second tank supplies the orchards * 6 PV panels * 2 Outback solar inverters & 2 Signature Solar EG4 batteries * Propane on-demand hot water, range, and refrigerator The property is fully fenced and thoughtfully laid out for farming and homesteading. Mature plantings include 2.5 acres of Kona coffee, lychee, and mixed crops ( *see attached fruit tree list ), plus two large vegetable garden plots, and areas previously planted with taro, sweet potato, and asparagus. With daily farmers markets nearby, there’s ample opportunity to generate a comfortable income from the land. Located 1 mile up Telephone Exchange Road, directly above Pu‘uhonua O Hōnaunau, the property enjoys sweeping ocean views spanning from Kealakekua Bay to Hōnaunau. This is a rare offering where sustainable living, income potential, privacy and breathtaking Kona coast scenery come together. The property overlooks Pu’uhonua O’Honaunau, The City Of Refuge; a National Historical Park, which is a culturally significant Hawai’i landmark. Other nearby beaches include Ho’okena, Manini, Ke’ei and Kealakekua Bay. * KSBE LH properties require a cash purchase and take approximately 6 months to Close escrow * Lease to 12/31/2055.

84-539 Telephone Exchange Rd, CAPTAIN COOK

Listing courtesy of Hawaii Life.

$129,000
1 Beds 1 Baths 730805 MLS ['Leasehold'] Tenure Kona Kai BLDG.
This is a leasehold property. CASH BUYERS ONLY Step into opportunity. Beautifully remodeled 1 bedroom, condo with courtyard views and a desirable Kona location. Currently a Popular and Profitable STVR with 2025 Gross rental income over $55,000. KEY FEATURES: PRIME LOCATION: Situated in the heart of Kailua-Kona, this condo offers unparalleled access to pristine beaches, vibrant nightlife, and shopping/dining options. Guests will delight in the convenience of exploring the area's top attractions within minutes. EXQUISITE REMODEL: Meticulously redesigned with modern elegance. From sleek bamboo floors in the kitchen to designer fixtures, every detail has been carefully chosen to offer an interior space comfort, and function. ACCOMMODATIONS: With a large bedroom, residents can unwind in comfort in the bedroom, which has a large closet and an individual air conditioner. KITCHEN: Fully-equipped kitchen, complete with new appliances, quartz countertops, and ample cabinet space. AMENITIES: A sparkling swimming pool, laundry center, assigned parking, and lush tropical landscaping. Whether seeking a lucrative investment opportunity or a personal retreat, this condo offers the best of both worlds. With a proven track record as a profitable vacation rental, you can maximize your returns while enjoying the flexibility to escape to paradise whenever you desire.

74-5618 Palani Rd Unit M6, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$115,500
1 Beds 1 Baths 729290 MLS ['Leasehold'] Tenure Honalo Plaza BLDG.
This is a leasehold property. This beautifully maintained 1-bedroom, 1-bath condominium offers a private west-facing lanai where you can relax and enjoy colorful sunsets in a peaceful, private setting. Access to this second story unit can be obtained without the use of stairs!! Inside, you’ll find an upgraded kitchen, fresh interior paint, and a comfortable, functional layout that makes the most of the space. The HOA fee includes utilities and lease fees, providing exceptional value and predictable ownership costs. Whether you’re looking for a full-time residence, vacation getaway, or investment property, this condo offers an affordable opportunity to enjoy a low-maintenance lifestyle in a desirable location.

79-7261 Nahenahe Loop Unit 112, KAILUA KONA

Listing courtesy of Hawaii Real Estate Group LLC.

$315,000
1 Beds 1 Baths 730698 MLS ['Leasehold'] Tenure Kona Makai BLDG.
This is a leasehold property. The fee simple interest has recently become available and may be purchased separately by the buyer from the association. Kona Makai is a gated complex on the ocean side of Alii Drive, offering many amenities, including the oceanfront pool and spa, barbecue area, tennis courts, on-site parking and more! This air conditioned unit has a balcony that looks out to the ocean and the meticulously manicured landscaping. There is a a spacious loft with spacious closet overlooking the living area that can be used as a second bedroom. The kitchen comes equipped with a new stainless-steel refrigerator, new stove, dishwasher and a washer/dryer. There is a second balcony off the bedroom facing north ... The feeling of Hawaii at its best! This great unit also offers on-site parking and the security of a locked gate at night. Information contained herein is accurate, to the best belief of both the seller and listing brokers. Buyer and buyer's agent are to perform their own due diligence during the inspection period of any purchase contract.

75-6026 Alii Dr Unit 5302, KAILUA KONA

Listing courtesy of Hoku Star Realty.

$249,000
1 Baths 730578 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Already performing and ready for its next owner. This active Short-Term Vacation Rental at the Kona Islander Inn carries a documented booking history into your portfolio on day one. Situated in the heart of Kailua Village, this 372 sqft studio puts guests exactly where they want to be: steps from the waterfront energy of Ali'i Drive, walkable to some of the best dining and boutique shopping on the Big Island, and moments from manta ray night dives, Kona Pier, and the kind of sunset happy hours that make people extend their trips. No car needed. Resort-style amenities, pool, hot tub, lush tropical gardens with winding pathways, BBQ grills, and a professional front desk team managing every check-in and check-out. Then there's Unit 349 itself. Perched on the third floor of the Niihau building, the closest building to the ocean at Kona Islander Inn, this is one of the most coveted positions in the entire complex, and the views prove it. Step onto your private lanai and take in the Pacific stretching to the horizon on one side and the vibrant pulse of Ali'i Drive below on the other. It's the kind of view that stops guests mid-sentence and keeps them booking year after year. Inside, bright and airy interiors with cool-toned walls and tile floors create a clean, calming retreat. Offered furnished and move-in ready. For the investor who wants proof before purchase. For the dreamer who's finally ready to make it real. With ocean views, Alii Drive at your feet, and a booking history already in place, Unit 349 is the one guests remember. Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet.

75-5776 Kuakini Highway Unit 349, KAILUA KONA

Listing courtesy of COMPASS.

$199,000
1 Baths 730577 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. Already performing and ready for its next owner. This active Short-Term Vacation Rental at the Kona Islander Inn brings a documented booking history to your portfolio on day one, with no guesswork and no waiting to see if the numbers work. They already do. Situated in the heart of Kailua Village, this 372 sqft studio puts guests exactly where they want to be: steps from Ali'i Drive waterfront, walkable to some of the best dining and boutique shopping on the Big Island, and moments from manta ray night dives, Kona Pier, and the kind of sunset happy hours that make people extend their trips. No car needed. Resort-style amenities with a sparkling pool, hot tub, lush tropical gardens, BBQ grills, and a professional front desk team managing every check-in and check-out, keeping guests comfortable, reviews glowing, and the calendar full. Then there's Unit 337 itself. Perched on the third floor of the Oahu building, the elevated position offers a sense of privacy and quiet that's hard to come by in the heart of Kailua Village. The covered lanai is generous and private, framed by swaying palms and the soft rustle of trade winds through the tropical canopy. Inside, Unit 337 offers something rare among Kona Islander Inn studios: an open, airy floor plan that flows freely between the living area and kitchenette, without the dividing wall found in most units. The result is a space that feels meaningfully larger than its square footage suggests, is easier to move through, is more inviting to come home to, and is noticeably more appealing to guests who've stayed in other units at the property. Warm neutral tones and tile floors set a relaxed island mood. Offered furnished and move-in ready. Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet.

75-5776 Kuakini Highway Unit 337, KAILUA KONA

Listing courtesy of COMPASS.

$199,000
1 Baths 730580 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. This active Short-Term Vacation Rental at the Kona Islander Inn has a documented booking history and steps into your portfolio on day one. Perfectly positioned in the heart of Kailua Village, this 372 sqft studio delivers the authentic Kona lifestyle in one of the most walkable locations on the Big Island. Guests walk to everything: waterfront dining, boutique shops, manta ray night dives, and the iconic energy of Alii Drive. No car needed. Resort-style amenities, a sparkling pool, hot tub, lush tropical gardens, BBQ grills, and a front desk team that handles guest check-ins and check-outs, keeping reviews strong and guests coming back. Whether you're building a portfolio or searching for your own piece of paradise, this turnkey opportunity checks every box. Unit 328 is a second-floor studio in the Lanai building, where swaying palms and the shimmer of the pool below greet you from your private lanai, one of the most serene settings in the complex. Inside, warm island-inspired interiors strike the perfect balance between comfort and style. The bright, open layout flows seamlessly to the lanai, where lush tropical garden views make it easy to linger over morning coffee or an evening glass of wine. Offered furnished and move-in ready. Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet.

75-5776 Kona Islander Inn Unit 328, KAILUA KONA

Listing courtesy of COMPASS.

$249,000
1 Baths 730579 MLS ['Leasehold'] Tenure Kona Islander Inn BLDG.
This is a leasehold property. This nearly oceanfront active Short-Term Vacation Rental at the Kona Islander Inn has a documented booking history and steps into your portfolio on day one. Perfectly positioned in the heart of Kailua Village, this 372 sqft studio delivers the authentic Kona lifestyle in one of the most walkable locations on the Big Island. Guests wake up steps from the Pacific and walk to everything: waterfront dining, boutique shops, manta ray night dives, and the iconic energy of Alii Drive. No car needed. Resort-style amenities, a sparkling pool, a hot tub, lush tropical gardens, BBQ grills, and a front desk team that handles guest check-ins and check-outs, keeping reviews strong and guests coming back. Whether you're building a portfolio or searching for your own piece of paradise, this turnkey opportunity checks every box. Unit 144 sits in the coveted Kauai building, ground floor, nearly oceanfront, with the sound of the Pacific greeting you before you've opened your eyes. Step onto your private lanai and take in the ocean views with your morning coffee. Waterfront dining, boutique shopping, beaches, and the energy of Kailua Village are all at your feet. Kona Pier is just a stroll away, perfect for sunset happy hours, fishing charters, and everything in between. Whether this becomes your highest-performing asset or your personal island escape, Unit 144 delivers both without compromise. Offered furnished and move-in ready. Monthly maintenance fees cover water, electricity, trash service, basic cable, and high-speed internet.

75-5776 Kona Islander Inn Unit 144, KAILUA KONA

Listing courtesy of COMPASS.

$340,000
1 Beds 1 Baths 729223 MLS ['Leasehold'] Tenure Kona Makai BLDG.
This is a leasehold property. Check out the virtual tour today! Welcome to the lovely oceanfront complex at Kona Makai! This is an adorable one bedroom, one bathroom unit with DOUBLE lanais and an upstairs loft for additional space! Enjoy the lovely ocean breeze when you open your sliding glass doors to your covered back lanai, with peekaboo ocean horizon views. Spacious bedroom with an additional covered lanai; step outside to enjoy your morning coffee or tea, or simply unwind in the evening. Upstairs loft is currently set up as a bedroom / office space, with two additional storage spaces. This unit has not been used as a short term vacation rental, so no additional wear & tear, but can easily be permitted as one if desired! Kona Makai is a wonderful complex with plenty of amenities to enjoy, which include the private pool, "beach" seating area by the ocean, barbecue area and tennis courts. Parking is both covered and uncovered; your unit is located closest to the covered parking! Kona Makai is located just minutes from Historic Kailua Kona Village where you can enjoy oceanside dining, shopping, and all sorts of water activities including relaxing on the beach or outrigger canoe paddling! Go on the famous manta ray dives, Body Glove Tours, UFO Parasailing, and so much more! Don't miss out the chance to see this unit today!

75-6026 Alii Dr Unit 3304, KAILUA KONA

Listing courtesy of COMPASS.

$499,000
5 Beds 3 Baths 727411 MLS ['Leasehold'] Tenure
This is a leasehold property. Set on approximately 0.7 acres, this 2,168 sq ft home is surrounded by mature vegetation, offering privacy with no neighbors in sight. Located at the end of a shared driveway, the setting provides a peaceful atmosphere while remaining just minutes from town conveniences. The home features two distinct living areas, creating flexibility for extended family, guests, or rental potential. Upstairs, a freshly painted, spacious 3-bedroom, 2-bath layout includes two large flex rooms ideal for an office, gym, or additional living space. The kitchen is appointed with granite countertops and opens to a generous covered lanai for outdoor living and enjoying the ocean breeze and year-round temperate climate. The easily fenced side yard is ideal for pets. The ground level offers a comfortable 2-bedroom, 1-bath configuration with a large living area and full kitchen, also recently painted. This level opens directly to a lush, wooded yard with excellent elevation for gardening and growing a variety of tropical fruits. Exterior stairs on the mauka side connect both levels. Additional features include a 2-car carport with ample storage, laundry area, and workshop space. Conveniently located in Keauhou Mauka, just minutes from the amenities of Keauhou, Kona Community Hospital, and ocean access offered at Keauhou Bay, Kahaluʻu Beach Park, and Magic Sands Beach Park. Approximately 15 minutes to the airport and Costco. Leasehold: Privately held lease with expiration on May 30, 2040 (non-renewable). Current lease rent is $6,000 annually. This presents a unique opportunity to secure fixed housing costs while enjoying the benefits of homeownership in a highly desirable Kona location. **Check out the fly-through video: https://player.vimeo.com/video/1189121870

78-6929 Mamalahoa Hwy, HOLUALOA

Listing courtesy of Hawaii Life.

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