75-5888 Alii Drive, Unit F23

Kailua-Kona, HI 96740

$765,000
Last Sold Price
1
Beds
1
Bath
651 Sq. Ft.
$1,175 / Sq. Ft.
651
Sq. Ft.
$1,175
per Sq. Ft.

Description

Don’t miss this rare opportunity to own an established income-producing unit at Kona Reef, the best oceanfront condo complex in Kona. Its prime location is a major attraction for vacation renters looking for luxury and value. This updated penthouse features top-of-the line stainless appliances, contemporary designer furnishings & curated vintage pieces to create the perfect island vacation experience. With true elevator access (no stairs!) F building is highly sought after for its ease of accessibility....Don’t miss this rare opportunity to own an established income-producing unit at Kona Reef, the best oceanfront condo complex in Kona. Its prime location is a major attraction for vacation renters looking for luxury and value. This updated penthouse features top-of-the line stainless appliances, contemporary designer furnishings & curated vintage pieces to create the perfect island vacation experience. With true elevator access (no stairs!) F building is highly sought after for its ease of accessibility. Mini-split air-conditioning with separate controls for both living area and bedroom plus double paned windows and sliding door upgrades guarantee quiet and cool enjoyment. A stacked in-unit washer and dryer add to all the comforts of home. The spacious private lanai features captivating views of dolphins, whales, surfers, and Kailua Bay’s spectacular sunsets.


Kona Reef is located in the heart of the resort district just a short walk to exquisite dining choices, nighttime entertainment, farmer’s markets, boutique shopping, and captivating seasonal events. Easy access to charming, tree-shaded Honl’s beach is right next door. A wide-range of amenities and services enhance the guest experience: heated resort-style pool w/ in-ground jacuzzi, new loungers, covered outdoor dining area with stainless steel BBQ's, and well-maintained lush grounds including an expansive grassy area overlooking the ocean. A wide range of outdoor activities await, including snorkeling, surfing, hiking, scuba-diving, and relaxing at The Big Island’s famous world-class beaches.


Hawaii continues to be a popular vacation destination drawing millions of visitors a year and owners of updated units in prime locations such as F-23 command premium, year round rental rates. High-speed wi-fi and complimentary parking for guests add to the value of this very special unit. This is truly an exceptional, not-to-be-missed investment opportunity for a ready-to-rent turnkey unit.

Listing Agent

  1. Sharly Ward

    Sharly Ward

    Listing Agent

    Compass

    License #RB-12705

    sharly.ward@compass.com

    P: (808)-938-9533

Property Details for 75-5888 Alii Drive, Unit F23

Zoning
V-.75
View
Ocean Horizon, Ocean, Coastline
Land Tenure
Fee Simple
LISTING UPDATED: 11/04/2024 11:21 AM

Property Details for 75-5888 Alii Drive, Unit F23

StatusSold
MLS #711880
Days on Market86
Taxes$6,478 / year
HOA Fees$947 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo / Attached
Year Built1980
CountyHawaii County

Building Information for 75-5888 Alii Drive, Unit F23

Building/Complex75-5888 Alii DrFloor-Stories3Residences-Pet Policy-Year Built1980

Property Information for 75-5888 Alii Drive, Unit F23

Summary
Location and General Information
  • Topography: Fairly Level
  • Latitude: 19.62931482
  • Location: Kona Reef #F23
  • Longitude: -155.988716
  • Oceanfront Parcel: N
  • Street: ALII DRIVE
  • Street Address Full: 75-5888 ALII DRIVE #F23 KAILUA-KONA HI 96740
  • Street Number: 75-5888
  • City: KAILUA-KONA
  • District: North Kona
  • Zip Code: 96740
Taxes and HOA Information
  • Fees-Association (Monthly): $0
  • Fees-Association (Yearly): $0
  • Exempt Amount: $0
  • Tax Year: 2023
  • Taxes (Annual): $6,478.29
  • Taxkey: 3-7-5-18-71-127
  • Taxkey9: 375018071
Parking
  • Vehicle Storage/Parking: Unassigned
Virtual Tour
  • Tours: 0
Property
Lot Information
  • Roads: County
  • Agriculture Dedicated: No
  • Elevation Low: 0.0
  • Year Built Maximum: 1980
  • Year Built Minimum: 1980
  • Interior Area (Total): 651.0
  • Land Area: 0.0
  • Frontage: Almost Oceanfront, Rocky Beach, Sandy Beach
  • Flood Zone: AE, VE, X
  • Lava Zone: 4
Property and Assessments
  • Special Assessment: No
  • Special Assessment Amount (Monthly): $0
  • Disclosure Form: Yes
  • Assessed Value: $646,700
  • Assessment Year: 2024
  • Project: Kona Reef
  • Property Type: Condo
  • Public Report Number: 960
  • Recordation System: Dual
  • Photos: 29
Utilities
  • Power: Underground
  • Wastewater: Sewer-Connected
  • Water: County
  • Solid Waste Disposal (Trash): Included with Maintenance Fees
Interior and Exterior Features
Exterior Features
  • Fence/Wall: Rock/Stone
  • Security: Security Guard, Security Systems
  • Pool: Y
  • Pool Type: Heated, Concrete/Gunite, In Ground
Interior Features
  • Window Coverings: Drapes
  • Washer/Dryer: Stacked Washer/Dryer
  • TV Availability: Cable
  • Telephone Availability: Cable, Cell, Land Line
  • Stories Number Maximum: 3
  • Stories Number Minimum: 3
  • Appliances: Disposal, Dishwasher, Microwave, Refrigerator, Range/Oven
  • Bathrooms (Total): 1
  • Baths 1/2 (Total): 0
  • Baths 1/4 (Total): 0
  • Baths 3/4 (Total): 0
  • Baths Full (Total): 1
  • Bedrooms (Total): 1
  • Floor Covering: Carpet
  • Heating/Cooling: Split/Zoned
Multi Family
Multi-Family Information
  • Bldg Units: F23
  • Unit Description: Penthouse
Agent
Sale and Listing
  • Sold Terms: CNV
  • Ownership: CPR
  • Price Direction: -
  • Media Changed: 08-28-2024
  • Terms Acceptable: Cash, Conventional
  • Listor Name: Sharly Ward
  • Days on Market: 86
  • First Photo Sequence: 63
  • Sub-agency offered?: No
  • Subtype of Listing: Attached
  • Remarks - Public: Don’t miss this rare opportunity to own an established income-producing unit at Kona Reef, the best oceanfront condo complex in Kona. Its prime location is a major attraction for vacation renters looking for luxury and value. This updated penthouse features top-of-the line stainless appliances, contemporary designer furnishings & curated vintage pieces to create the perfect island vacation experience. With true elevator access (no stairs!) F building is highly sought after for its ease of accessibility. Mini-split air-conditioning with separate controls for both living area and bedroom plus double paned windows and sliding door upgrades guarantee quiet and cool enjoyment. A stacked in-unit washer and dryer add to all the comforts of home. The spacious private lanai features captivating views of dolphins, whales, surfers, and Kailua Bay’s spectacular sunsets. <br><br><br>Kona Reef is located in the heart of the resort district just a short walk to exquisite dining choices, nighttime entertainment, farmer’s markets, boutique shopping, and captivating seasonal events. Easy access to charming, tree-shaded Honl’s beach is right next door. A wide-range of amenities and services enhance the guest experience: heated resort-style pool w/ in-ground jacuzzi, new loungers, covered outdoor dining area with stainless steel BBQ's, and well-maintained lush grounds including an expansive grassy area overlooking the ocean. A wide range of outdoor activities await, including snorkeling, surfing, hiking, scuba-diving, and relaxing at The Big Island’s famous world-class beaches.<br><br><br>Hawaii continues to be a popular vacation destination drawing millions of visitors a year and owners of updated units in prime locations such as F-23 command premium, year round rental rates. High-speed wi-fi and complimentary parking for guests add to the value of this very special unit. This is truly an exceptional, not-to-be-missed investment opportunity for a ready-to-rent turnkey unit.
  • REversion: 600
  • Sale Type: Standard Sale
  • DZS: 375
Showing and Remarks
  • Showing Instructions: Call Listor

Property History for 75-5888 Alii Drive, Unit F23

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 75-5888 Alii Drive, Unit F23

Taxable ValueLand$29,800Additions$616,900Total$646,700
Tax Record2024$7,566 ($631 / month)
Home Facts
Beds1Baths1Total Finished SqFt651 SqFtAbove Grade Finished SqFt651 SqFtStories1StyleCondominiumYear Built1980ZoningV-.75CountyHAWAIIAPN3-7-5-018-071-0127

Schools near 75-5888 Alii Drive, Unit F23

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Kahakai Elementary School
PublicPK to 5

Kealakehe Intermediate School
Public6 to 8

Kealakehe High School
Public9 to 12

Innovations - Public Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.