Kailua Kona Homes with Preservation Frontage

Welcome to Kailua Kona, a vibrant coastal town located on the Big Island of Hawaii, in the heart of Hawaii County. Famous for its stunning sunsets, crystal-clear waters, and rich cultural heritage, Kailua Kona offers a unique blend of island living and modern amenities. With its warm climate and picturesque landscapes, this charming town is not just a destination; it's a lifestyle.

Kailua Kona is renowned for its historical significance, as it was once the favored residence of Hawaiian royalty. Today, visitors and residents alike can explore the remnants of this rich past, from ancient fishponds to the iconic Ahuena Heiau, a temple dedicated to the Hawaiian god of peace, Lono. The town is also home to an array of shops, restaurants, and local markets, making it an ideal place for both relaxation and adventure.

For those seeking a home in this tropical paradise, properties with Preservation Frontage are particularly appealing. These homes not only offer breathtaking views of the ocean but also ensure that the natural beauty of the coastline remains protected. Living in a home with Preservation Frontage means you can enjoy the serenity of your surroundings while knowing that the pristine landscapes will be preserved for generations to come.

Whether you're looking to invest in a vacation home or seeking a permanent residence, Kailua Kona provides an idyllic backdrop for your next chapter. Embrace the spirit of aloha and discover the unparalleled beauty and charm of Kailua Kona, where every day feels like a vacation.

Newest Kailua Kona Homes with Preservation Frontage

$8,875,000

202609233 MLS ⋅ FS - Fee Simple Tenure ⋅ 89 DOM

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1

75-5749 Alahou Street, Kailua Kona

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.