Island of Hawaii > North Kona > 74-5042 PALANI RD, Kailua Kona 96740

74-5042 PALANI RD, KAILUA KONA 96740

North Kona | KONA MACADAMIA ACRES
$999,900 FS MLS# 732389 | ACTIVE
UPCOMING OPEN HOUSES: Aug 06
Thursday, Aug. 06 12:00 pm - 3:30 pm Add to Calendar
  • HomeType
  • 6Bed
  • 4 FullBaths
  • 2,068SQ FT
  • 0.21ACRES
  • 1980Built
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    74-5042 PALANI RD, Kailua Kona 96740

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PROPERTY DESCRIPTION

One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6-bedroom, 4-bath single-family house. Completely renovated in 2021, this property will come with solid hosted vacation rental history and 4.9-star average Airbnb reviews.

– Centrally located 5-minute drive to downtown Kona and beaches
– 2024 gross- $60,500, 2025 Gross $53,700, 2026 current gross- $35,300 on front house ONLY.
– Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property.
– Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lighting choices.
– Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area.
– Fenced grassy yard complete with producing mango trees
– Perfect 900ft elevation
– Newer metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool.
– Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood.
– Seller-owned 36-panel photovoltaic system on NET metering. 10 years old with a 30-year warranty. Submeter for monitoring usage.
– Brand new seamless gutters
– 2 Large storage Sheds
– Large walk-in tiled shower in back primary bedroom
– 2 Primary bedrooms with private bathrooms
– Low-maintenance granite and marble flooring
– Massive back lanai perfect for morning coffee and enjoying your privacy
– Rockwall and natural privacy fencing
Buyer should independently research current and proposed STVR/TAR rules and regulations before purchasing

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Listed By: KW Big Island

Price $999,900 FS
Bedrooms 6
Bathrooms 4 Full
Property Type Residential
Interior Area 2,068 SQ FT
Land Tenure Fee Simple
MLS (Active) 732389
LAND AREA 0.21 ac
Annual Tax $10,617
Year Built 1980
Tax Key 3-7-4-14-73
Days On Market 1
View Forest, Garden, Mountain(s)
Zone RS-7.5
Price sq/ft $483.51
Assessed Value $956,500
Previous Price $999,900

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PROPERTY LOCATION

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

Updated: 07/31/2026

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

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