77-212 Ke Alohi Kai Pl, Kailua-Kona, HI 96740 (MLS # 721754)
Twitter
Facebook
Email
|
Proven Income-Producing Vacation Rental House in Kona's Oceanfront Resort Zone Gated Community - No STVR Restrictions
Maximize your return with this luxury investment property in Kailua Kona's exclusive ocean-front, gated resort-zoned enclave of Ke Alohi Kai"”where short-term vacation rentals are fully permitted and protected, with no risk of future regulation changes or permit loss.
This high-performing asset has consistently delivered strong financials:
2022: $295,342 gross revenue
→ NOI: $205,071 | CAP Rate: ~5%
2023: $336,045 gross revenue
→ NOI: $245,774 | CAP Rate: ~6%
2024: $275,422 gross revenue
→ NOI: $185,151 | CAP Rate: ~4.6%
2025 (Q1 only): $100,000 gross "” a record-breaking start, signaling potential for highest revenue year yet
These figures are based on average operating expenses of $90,271/year (which may vary for a different owner and year), delivering real, verifiable cash flow. With upside in rates and bookings, this property presents a compelling CAP rate and long-term value.
This 4-bedroom, 7-bathroom custom-built residence spans 4,035 sq. ft. on a 10,034 sq. ft. lot in the gated oceanfront community of Ke Alohi Kai. Thoughtfully designed for seamless indoor-outdoor living, it features a zero-edge pool, cascading spa, and expansive pocket sliding doors.
Each bedroom offers a private lanai and ensuite bath, with the primary suite opening directly to the pool and featuring a jetted tub. Recent upgrades include a photovoltaic (PV) solar system and enhanced air conditioning, adding energy efficiency and comfort.
Located just a short walk from Magic Sands Beach and popular local restaurants, the home also includes two sitting areas, large living and dining spaces, central vacuum, and lush tropical landscaping behind stone walls and wooden gates.
| DAYS ON MARKET | 114 | LAST UPDATED | 6/11/2025 |
|---|---|---|---|
| TRACT | KE ALOHI KAI SUBDIVISION | YEAR BUILT | 2003 |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| GARAGE | Attached Garage |
|---|---|
| HOA DUES | 503 |
| LOT | 10034 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Attached |
| POOL DESCRIPTION | Gunite, Heated, In Ground, Pool/Spa Combo |
| SUBDIVISION | KE ALOHI KAI SUBDIVISION |
| TAXES | 35272.32 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Minoo
Elison to contact you even if your name is on a Federal or State
"Do not call List".
Listed with COMPASS
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 10/1/25 4:11 PM PDT.
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 10/1/25 4:11 PM PDT.
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.