77-212 KE ALOHI KAI PL, Kailua-Kona, HI 96740

Proven Income-Producing Vacation Rental House in Kona's Oceanfront Resort Zone Gated Community - No STVR Restrictions 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. This high-performing asset has consistently delivered strong financials: 2022: $295,342 gross revenue NOI: $205,071 | CAP Rate: ~5% 2023: $336,045 gross revenue NOI: $245,774 | CAP Rate: ~6% 2024: $275,422 gross revenue NOI: $185,151 | CAP Rate: ~4.6% 2025 (Q1 only): $100,000 gross - a record-breaking start, signaling potential for highest revenue year yet 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. 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. 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. 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.