75-6026 Alii Dr Unit 2101, KAILUA KONA, HI 96740

Property Description

This is a leasehold property. Welcome to Kona Makai 2-101, a beautifully updated 2-bedroom, 2-bath ground-floor corner residence offering approximately 1,041 sq. ft. of comfortable island living just moments from the ocean. **Offered turnkey and fully furnished**, this successful vacation rental combines a highly desirable location, flexible floor plan, ocean views, split-system air conditioning, and convenient no-stairs access. The unit underwent extensive updates in 2024, including new A/C mini-splits, refreshed kitchen cabinetry, new backsplash and floating shelves, new living room and kitchen flooring, updated paint and wall coverings, new fixtures and lighting, new furniture and décor, custom headboards, and a new television in the primary bedroom. Kona Makai 2-101 offers an established short-term vacation rental history and is being sold **turnkey and fully furnished**, creating an attractive opportunity for a buyer seeking a second home, island getaway, or investment property. Owner-provided records show 2025 gross rental income of approximately $52,797.50, with additional rental activity continuing through 2026. Future reservations are already scheduled from September through spring, providing potential continuity for a buyer interested in vacation-rental use, subject to applicable rules, permits, booking-platform requirements, and reservation-transfer arrangements. An especially notable feature is the opportunity to convert the property from leasehold to fee simple. The Kona Makai AOAO has acquired the leased-fee interests for the condominium project and established a program allowing individual unit owners to purchase their proportionate fee interest. Buyers should review the current fee-conversion documents, pricing, deadlines, financing terms, and closing costs as part of their due diligence. Established vacation rental with a potential path to fee-simple ownership.