77 212 Ke Alohi Kai Pl
Kailua-Kona, HI 96740
Map
- 4 beds
- 7 baths
- 4,035 sqft
- 10,034 sqft lot
- $990 per sqft
- 2003 build
Proven Income-Producing Vacation Rental House in Kona's Oceanfront Resort Zone Gated Community – No STVR Restrictions<br><br>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.<br><br>This high-performing asset has consistently delivered strong financials:<br><br>2022: $295,342 gross revenue<br>→ NOI: $205,071 | CAP Rate: ~5%<br><br>2023: $336,045 gross revenue<br>→ NOI: $245,774 | CAP Rate: ~6%<br><br>2024: $275,422 gross revenue<br>→ NOI: $185,151 | CAP Rate: ~4.6%<br><br>2025 (Q1 only): $100,000 gross — a record-breaking start, signaling potential for highest revenue year yet<br><br>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.<br><br>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.<br><br>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.<br><br>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.
Last checked:
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Last updated Jun 12, 2025
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MLS# 721754 —
The Building
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Year Built:2003
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Roofed Area Units:Square Feet
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Exterior Area Units:Square Feet
Interior
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Living Area:4,035 Sqft
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:1031 Exchange, Cash, Conventional
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Ownership:Full
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Land Tenure:Fee Simple
Location
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Region:North Kona
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Unparsed Address:77-212 KE ALOHI KAI PL, KAILUA-KONA, HI 96740
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Longitude:-155.97498964
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Latitude:19.60000699
The Property
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Property Type:Residential
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Property Sub Type:Single Family Residence
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Property Attached:false
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Zoning:V-1.25
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Lot Size Area:10,034 Sqft
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Parcel Number:3770240130000
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Roads:Paved, Private
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Topography:Level
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Elevation Units:Feet
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Flood Zone:D, X
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Lava Zone:4
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Waterfront:false
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Agriculture Dedicated:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 747-0503
- Office phone:
- (808) 378-5447
Taxes
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Tax Year:2024
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Tax Annual Amount:$35,272.32
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Tax Lot:13
Beds
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Bedrooms Total:4
Baths
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Bathrooms Full:4
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Bathrooms Half:3
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Bathrooms Total:4
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Bathrooms Total:7
The Listing
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Virtual Tour URL:
Utilities
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Utilities:Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
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Water Source:Public
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Internet Access:Cable, Wireless
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Solid Waste Disposal:Private Contractor
The Community
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Subdivision Name:Ke Alohi Kai Subdivision
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Association Fee:$503
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Association Fee Frequency:Monthly
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Pool:true
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Pool Features:Gunite, Heated, In Ground, Pool/Spa Combo
Parking
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Parking Features:Attached
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Garage Area Units:Square Feet
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Carport Area Units:Square Feet
Monthly cost estimate
Asking price
$3,995,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$21,392
|
| Taxes | $2,939 |
| Insurance | $1,098 |
| HOA fees | $503 |
| Utilities | $357 See report |
| Total | $26,289/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/11/25
Jun 11, 2025
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Listed / Active | HISMLS | $3,995,000 |
