Kona Bali Kai #424 Kailua Kona, HI 96740

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Kona Bali Kai is a very popular oceanfront resort condominium situated on Alii Dr halfway between Kailua-Kona town and Keauhou. Very convenient! It offers both oceanfront condominium units along the waterfront and studio and 1-bedroom garden view units across Alii Dr. The pool and spa are situated in the center of the oceanfront building and there are also elevators to access the upper floors.This darling one bedroom oceanfront unit is found to the far North end of the building, on the top floor, so there’s no one above you! It’s a very popular vacation destination, tropically furnished, comfortable and well appointed. It comes with its own full size washer and dryer which is also a bonus for its guests.This condo has been a successful and active vacation rental for the past seven years with 79% occupancy in 2023 ($76k gross income) and 82% in 2022 ($74k gross income). The STVR permit will transfer to the new owners after closing. The existing reservations are also to be transferred / honored by the new owners at closing, so you will benefit from it’s ability to produce income right away! Subject to seller executing a 1031 exchange.