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1 Bed
1 Bath
690 sqft

$239,900

75-6026 ALII DR 5207, Kailua Kona HI, 96740

Price per sqft$347.68
Built in1979
Property size690 sqft
Property typeCondominium

Overview

Active

A

Listed Aug 21, 2026

Updated 7 days ago

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!

$1,596/mo

Est. mortgage payment based on a $239,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
732776

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Basement
No

Other Property Details

Taxes
$2,611
Tax Frequency
Annually
Association Fee Frequency
Monthly
View
Yes
Waterfront
Yes

 

Courtesy of Knutson & Associates, Blake C Kessner

Listing Contact: 8089879295 

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Data last updated 11:14 PM UTC, 10/9/2026

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