78-6737 Walua Rd, Kailua-Kona, HI 96740 (MLS # 720959)
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One-of-a-Kind Estate with Breathtaking Ocean Views & Established B&B Permit - Kailua-Kona, Hawaii
Offered for the first time in nearly 25 years, this extraordinary 1.2-acre estate is a rare gem just minutes from downtown Kailua-Kona. Perched above Keauhou Bay with over 100 feet of panoramic ocean and sunset views, this property blends timeless Old Hawaii charm with modern upgrades and exceptional income potential.
Tropical Paradise Living
Surrounded by lush, professionally landscaped gardens and 16 mature fruit trees"”including mango and avocado"”this estate is a plant lover's paradise. Terraced gardens, vibrant tropical foliage, and automatic landscape lighting create a tranquil, resort-like setting.
Spacious Main Residence
The 3,708 sq ft home offers 5 bedrooms and 5.5 bathrooms, ideal for multi-generational living, hosting guests, or flexible use. Recent updates to the kitchen and primary bathroom add modern style while preserving the home's open-beam architecture and island character.
Resort-Style Outdoor Amenities
Two large swimming pools
Built-in hot tub
Expansive lanais and outdoor entertaining areas
Private terraces with stunning ocean and sunset views
Established, Grandfathered Bed & Breakfast
This property includes a rare, county-registered B&B permit. Sale includes all business documentation and licensing, offering a valuable turnkey opportunity with an established clientele.
Key Features
Standing seam metal roof
Solid slab foundation
Open-beam ceilings
Paved county roads
Central yet private location near Kailua-Kona and Keauhou Bay
| DAYS ON MARKET | 203 | LAST UPDATED | 9/10/2025 |
|---|---|---|---|
| TRACT | KUAKINI HOUSELOTS | YEAR BUILT | 1968 |
| COUNTY | Hawaii | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Sep 10, '25 | $2,950,000 |
|---|---|
| Sep 10, '25 - Today | $2,795,000 |
| ADDITIONAL DETAILS | |
| GARAGE | Attached Garage |
|---|---|
| LOT | 52272 acre(s) |
| PARKING | Attached |
| POOL DESCRIPTION | Gunite, In Ground, Pool/Spa Combo |
| SEWER | Cesspool |
| SUBDIVISION | KUAKINI HOUSELOTS |
| TAXES | 20576.07 |
| UTILITIES | Electricity Available |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listed with First Island Realty, LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 12/3/25 5:17 PM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 12/3/25 5:17 PM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2025.