Kona Aliʻi, Unit 512 presents a rare and highly sought-after ownership opportunity in the heart of downtown Kailua-Kona. This exceptional end unit, seldom available in this size and configuration, offers a unique two-level, loft-style layout that sets it apart from the majority of units in the complex. Successfully operated as a Short-Term Vacation Rental (STVR), the property provides outstanding flexibility as an income-producing investment, primary residence, or part-time island retreat. Spanning two interior levels, the residence features an open and airy floor plan with soaring ceilings, abundant natural light, and a sense of space rarely found in Kona Aliʻi. The end-unit location enhances privacy and light, while the ocean view from the lanai creates the perfect backdrop for morning coffee or evening relaxation with Kona’s signature trade winds. The condo is thoughtfully equipped with split air conditioning, ensuring comfort throughout both levels. The functional, well-appointed open kitchen offers ample cabinetry and seamlessly connects to the living and dining areas—ideal for entertaining or relaxed everyday living. The lofted upper level adds architectural character and versatility, providing additional living, sleeping, or workspace options. Location truly defines this property. Kona Aliʻi is perfectly positioned just steps from Aliʻi Drive, the Kailua Pier, ocean activities, dining, shopping, and local entertainment—allowing owners and guests alike to enjoy a fully walkable, car-optional lifestyle. The complex is well maintained and offers a secure environment in one of Kona’s most vibrant settings. Elevator Access Secured as well. Whether you are seeking a proven STVR performer, a downtown primary residence, or a rare, spacious condo with unique character, Unit 512 stands out as one of the most distinctive offerings in Kona Aliʻi—a true blend of location, lifestyle, and long-term value.