75-5921 WALUA RD 1

High-Income spacious two-story Vacation Rental in the Heart of Kailua-Kona Village with exceptional ocean/sunset views!

Prime Commercial (CV10) Zoned Property just 1/2 Block above Ali'i Drive. Ideal for residential, business, or mixed-use development (2,862 sq. ft. of total interior space).

Discover one of Kona's most versatile and profitable investment properties! This centrally located free-standing building in Kailua-Kona Village offers both residential comfort and commercial potential; just steps from beaches, restaurants, shops, resorts and more!

Income & Opportunity:
- Proven high-income vacation rental: averaging $120,000 annually

- Active and transferable STVR license

- Commercial zoning allows flexible use: additional residential units, medical or business offices, or creative studio spaces

Upper-Level Residence:

- 1,538 sq. ft. of living space with central AC system as well as ceiling fans throughout

- Spacious 3 bedrooms / 2 bathrooms

- Expansive 462 sq. ft. covered lanai (porch) with stunning ocean and sunset views.

- Bright living room with lots of natural light and more stunning sea/horizon views

- Full kitchen, tiled dining area, and laundry room

Lower-Level Space:

- 1,324 sq. ft. of finished interior space

- 3 large garage/studio bays with bathroom and laundry room

- Additional expansive 480 sq. ft. private lanai (covered porch) with tropical garden views

- Separate entrances, perfect for conversion into additional residential units, studios, or offices

- Parking: 8 paved open spaces and driveway for easy access

- Electric: Two separate 200-amp meters (upstairs & downstairs) for all your commercial/residential needs

Live, work, and earn, all in one of Kona's most desirable and walkable locations...
This property truly represents one of the best investment opportunities in Kailua Village today!