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75-5471 Kona Bay Dr, Kailua Kona, HI, 96740

3beds
3baths
2,398sqft
$2,375,000
$990price/sqft
$16,552/moest. monthly cost
$662,080/yrincome needed

About This Home

There are homes that remind you you're in Hawaii...and then there are homes that make you wonder why you'd ever be anywhere else. In Kona Bay Estates, the rhythm of the day is set by the ocean. Morning coffee comes slowly with birds singing, then moves into a balmy day with a walk on the beach, an ocean swim, a bike ride around town or a book beside the spa. Evenings end with spectacular sunsets, the sound of surf, & one more conversation on the lanai, under endless stars, before calling it a night. Beautifully updated & impeccably maintained, this Kona Coast retreat was designed for effortless island living. Soaring ceilings & abundant natural light create an open, welcoming feel, while lush tropical landscaping & swaying palms blur the line between indoors & out. Improvements include new tile flooring & shower tile in the upstairs bath, refreshed interior paint, enhanced landscaping, & new glass in windows & sliders. The kitchen has been thoughtfully updated with a KitchenAid gas range & dishwasher. A new bar refrigerator, stylish furnishings, fully owned photovoltaic AND solar hot water systems, & an electric vehicle charger complete a home that's as practical as it is beautiful. Keiki Beach, the neighborhood's white sand beach, is a short stroll away, to enjoy snorkeling, whale-watching, or to simply wander down to catch another sunset & some sand between your toes. It's the kind of neighborhood where flip-flops are the preferred footwear and every day feels a little less hurried. Tucked inside one of Kona's most sought-after gated oceanfront communities with 24-hour security, you're minutes from Kona Town, Kailua Pier, dining, & shopping. While the home has also earned an exceptional reputation as a successful 5-star licensed short-term vacation rental with more than 80 glowing reviews, it's the lifestyle we all dream of that leaves the lasting impression. Information is provided without warranty. Buyer to do due own due diligence.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

3/10
7/10
4/10
Kealakehe High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 2001

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Indoor Grill,Microwave,Range,Range Hood,Refrigerator,Washer,Wine Cooler
  • Laundry features: Front Load

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Cathedral Ceiling(s),Dry Bar,High Ceilings
  • Window features: Blinds
  • Flooring: Ceramic Tile,Hardwood,Laminate

Heating & Cooling

  • Heating features: Zoned
  • Cooling features: Air Conditioning,Central Air,Zoned

Interior Area

  • Total structure area: 2,398
  • Total interior livable area: 2,398 sqft

Property

Details

  • Parcel number: 3750050430000
  • Attached to another structure: Yes
  • Zoning: RS-15
  • Special condition: Fee Simple,Standard

Features

  • Levels: Two
  • Pool features: Pool/Spa Combo
  • Exterior features: Lighting
  • Has spa: Yes
  • Fencing: Stone
  • Has view: Yes
  • View description: Mountain(s),Ocean,Sunset
  • Has water view: Yes
  • Water view: Ocean
  • On waterfront: Yes
  • Waterfront features: Ocean Front
  • Frontage type: Almost Oceanfront
  • Topography of land: Fairly Level

Lot

  • Lot size: 7,525 sqft
  • Features: Cul-De-Sac,Grassy,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Volcanic Activity
    Volcanic ActivityRelatively High
  • Wildfire
    WildfireRelatively High

How This Home’s Risks Compare

Earthquake
Inland Flooding
Lightning
Volcanic Activity
Wildfire

FEMA Declared Disasters Across Hawaii Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,009$144,108
Home Insurance *$608$7,296
Property Taxes $3,163$37,956
Electricity $772$9,266
Total$16,552$198,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$567,497/yr
40% on housing$496,560/yr
45% on housing$441,386/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$990This listing

vs Other Active Listings

Avg $/sqft

ZIP 96740$1,102
Hawaii County$495

vs Homes Sold Last Month

Median $/sqft

ZIP 96740$701
Hawaii County$424

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-17Contingent$2,375,000
2026-08-03Price change$2,375,000
2026-06-01Listed for sale$2,585,000
2021-02-03Sold$1,275,000
2021-01-05Contingent$1,250,000
2021-01-05Pending sale$1,250,000
2020-11-16Price change$1,250,000
2020-09-08Listed for sale$1,349,000
2017-11-21Sold$830,000
2017-10-06Pending sale$895,000
2017-09-29Listed for sale$895,000
2017-09-27Pending sale$895,000
2017-02-28Price change$895,000
2017-01-04Listed for sale$975,000
2016-11-16Listing removed$935,000
2016-07-02Price change$935,000
2016-01-13Listed for sale$1,100,000
2015-11-27Listing removed$995,000
2015-05-06Price change$995,000
2015-03-17Listed for sale$1,250,000
2004-09-09Sold$1,100,000
2003-04-01Sold$710,000
1999-11-16Sold$120,000
1996-07-30Sold$100,000

For Sale by Agent

AgentJulie Peters
BrokerageIsland Boutique Realty Inc.

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