This is a leasehold property. Prime location! Kona Kai condominiums is in walking distance to shopping, the bay front, and downtown shops and pier. This one-bedroom, second-floor unit is located in the heart of Kailua-Kona and features a partial mountain view from the lanai. The condo has been recently updated with new propane range and refrigerator, freshly painted, and other minor repairs. The zoning currently permits short-term vacation rentals, making this an ideal opportunity. The current land lease rent is $323 per month. Monthly maintenance fees are $707 (subject to change) covering landscaping, common area upkeep, trash removal, propane for cooking, hot water, and common area insurance. Kona Kai residents enjoy a community pool, BBQ area with picnic tables, and a coin-operated laundry room equipped with new machines. This property is being sold for cash, as traditional financing is not available. A great value for a centrally located home or rental in the heart of Kailua! ​MLS listing details and public records are believed to be accurate, but cannot be guaranteed. Buyers should independently verify any information they consider essential or relevant to their purchase. Association Manager: Associa Hawaii.