Island of Hawaii > North Kona > 75-5777 MILENA PL, Kailua Kona 96740

75-5777 MILENA PL, KAILUA KONA 96740

North Kona | KONA HEIGHTS SUBDIVISION
$1,499,500 FS MLS# 732456 | ACTIVE
  • HomeType
  • 6Bed
  • 4 FullBaths
  • 3,356SQ FT
  • 0.21ACRES
  • 1978Built
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    75-5777 MILENA PL, Kailua Kona 96740

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PROPERTY DESCRIPTION

Whether you’re looking for a property that generates income or a home that gives everyone their own space, this beautifully renovated property delivers options that are becoming hard to find.

Set up as three separate living spaces, the property is currently operating as a successful income-producing rental while offering flexibility for investors, extended families, or anyone looking to offset ownership costs with rental income.

Unit A (Top level): consists of 3 bedrooms, 2 baths, generous living spaces, a dedicated laundry room, and windows that fill the home with natural light. Ocean views can be enjoyed from the living room and every bedroom, while the primary suite includes its own private bathroom.

Unit B: (Lower level) features 2 bedrooms, 1 bathroom, a full kitchen, and a comfortable living area.

Unit C: (Lower level) includes 1 bedroom, 1 bathroom, a kitchenette, and its own living room.

In addition, there is a second laundry room and a 2-car garage providing additional storage and convenience for the property as a whole.

Since purchasing the home, the sellers have completed an extensive list of improvements, including a brand-new roof, conversion from a cesspool to a fully permitted 1,250-gallon septic system, new vinyl windows, remodeled kitchens and bathrooms, updated cabinetry and countertops, new LVP flooring, a laundry room addition, upgraded electrical, custom window treatments, seamless gutters, fencing, exterior painting, paver walkways, landscaping, and countless other improvements that add value, function, and peace of mind.

The result is a property where the heavy lifting has already been completed and is now ready for a buyer to reap the rewards. Whether you’re adding to your investment portfolio or bringing multiple generations together under one roof, this is a rare opportunity to own a beautifully improved, income-producing property just minutes from everything Kailua-Kona has to offer.

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Listed By: eXp Realty

Price $1,499,500 FS
Bedrooms 6
Bathrooms 4 Full
Property Type Residential
Interior Area 3,356 SQ FT
Land Tenure Fee Simple
MLS (Active) 732456
LAND AREA 0.21 ac
Annual Tax $10,492
Year Built 1978
Tax Key 3-7-5-28-8
Days On Market 1
Zone A-5A
Price sq/ft $446.81
Assessed Value $945,200
Previous Price $1,499,500

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PROPERTY LOCATION

Disclaimer

MLS listing information is deemed reliable but is not guaranteed by the service.

Updated: 08/03/2026

LET'S TALK

We are well known along the Kohala Coast for informed and experienced guidance—not only to buyers and sellers but to the development and investor communities as well.

CONTACT US

LET US SHOW YOU THE BIG ISLAND

INQUIRY

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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