Real Estate Investment Properties for Sale in Kailua Kona, HI

Looking for investment property in Kailua Kona, HI with high ROI ?

Explore a variety of short-term homes & houses in Kailua Kona, HI. Invest wisely with VRBO & Kailua Kona, HI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Kailua Kona, HI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
75-5865 Walua Rd #A205 Kailua Kona, HI Cute and cozy condo in the heart of Kona! Just a short stroll to beaches, waterfront dinin...	1 beds \| 2 baths \| 829 sq.ft.	$499,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.74% Airbnb Rental Income: $1601 Traditional Rental Income: $2449 Airbnb ROI: -1.05% Traditional ROI: 1.74%
78-7079 Holuaki Loop Kailua Kona, HI SHORT TERM VACATION RENTAL ZONED! HOME BUSINESS ZONED WITH HOA APPROVAL. GOLF CART INCLUDE...	3 beds \| 2 baths \| 1,887 sq.ft.	$1,950,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 0.77% Airbnb Rental Income: $5348 Traditional Rental Income: $4158 Airbnb ROI: 0.83% Traditional ROI: 0.77%
77-6311 KAUMALUMALU DR Kailua Kona, HI Welcome to the desirable Estates at Holualoa, a secluded gated community where luxury meet...	3 beds \| 4 baths \| 3,464 sq.ft.	$3,195,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 0.61% Airbnb Rental Income: $5348 Traditional Rental Income: $5970 Airbnb ROI: 0.04% Traditional ROI: 0.61%
75-6016 Alii Dr #118 Kailua Kona, HI This is a leasehold property. Beautifully maintained 1 bedroom, 1 bath condo in Kailua-Kon...	1 beds \| 1 baths \| 615 sq.ft.	$80,000	Airbnb cash on cash: -4.29% Traditional cash on cash: 7.6% Airbnb Rental Income: $1601 Traditional Rental Income: $2081 Airbnb ROI: -4.29% Traditional ROI: 7.6%
75-5782 Kuakini Hwy #608 Kailua Kona, HI Live in the heart of Kailua-Kona at Kona Alii, where island living begins right outside yo...	1 beds \| 2 baths \| 780 sq.ft.	$599,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.64% Airbnb Rental Income: $1601 Traditional Rental Income: $2400 Airbnb ROI: -0.6% Traditional ROI: 1.64%
75-693 Paai Pl Kailua Kona, HI Perched along the slopes of Holualoa behind a private gated entrance, this plantation-insp...	4 beds \| 4 baths \| 3,277 sq.ft.	$2,995,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 0.25% Airbnb Rental Income: $7198 Traditional Rental Income: $6310 Airbnb ROI: 0.07% Traditional ROI: 0.25%
77-6581 Sea View Cir #3B Kailua Kona, HI Unit 3B at the Ikena Lalo complex in Kailua-Kona offers a bright, move-in ready island ret...	2 beds \| 2 baths \| 981 sq.ft.	$440,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 2.88% Airbnb Rental Income: $2766 Traditional Rental Income: $2589 Airbnb ROI: 1.74% Traditional ROI: 2.88%
75-5919 Alii Dr #T21 Kailua Kona, HI Ocean Views & Resort-Style Living at Alii Cove Welcome to your slice of paradise! This top...	3 beds \| 2 baths \| 1,177 sq.ft.	$750,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 1.57% Airbnb Rental Income: $5348 Traditional Rental Income: $3068 Airbnb ROI: 3.28% Traditional ROI: 1.57%
75-6081 Alii Dr #R201 Kailua Kona, HI This corner two-bedroom, two-bathroom unit is tucked into the peaceful back corner of Alii...	2 beds \| 2 baths \| 780 sq.ft.	$475,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 1.84% Airbnb Rental Income: $2766 Traditional Rental Income: $2591 Airbnb ROI: 0.77% Traditional ROI: 1.84%
78-7075 Holuaki Loop Kailua Kona, HI "This thoughtfully improved Kona home offers inviting indoor-outdoor living in a desirable...	3 beds \| 2 baths \| 1,887 sq.ft.	$1,699,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 1.22% Airbnb Rental Income: $5348 Traditional Rental Income: $4083 Airbnb ROI: 1.34% Traditional ROI: 1.22%
75-284 Malulani Dr Kailua Kona, HI Beautifully remodeled 2-bedroom, 2-bathroom single-level home in desirable Malulani Garden...	2 beds \| 2 baths \| 1,329 sq.ft.	$1,055,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 1.85% Airbnb Rental Income: $2766 Traditional Rental Income: $3277 Airbnb ROI: 0.67% Traditional ROI: 1.85%
75-5919 Alii Dr #EE4 Kailua Kona, HI Major price reduction!! This is your NEW HOME ADDRESS... Seller is ready to make this move...	3 beds \| 3 baths \| 1,815 sq.ft.	$899,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 1.44% Airbnb Rental Income: $5348 Traditional Rental Income: $4752 Airbnb ROI: 0.86% Traditional ROI: 1.44%
77-6489 Leialoha St Kailua Kona, HI Expansive views! This inviting 3-bedroom, 2-bath home offers sweeping ocean views and a br...	3 beds \| 2 baths \| 1,056 sq.ft.	$899,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 2.42% Airbnb Rental Income: $5348 Traditional Rental Income: $3094 Airbnb ROI: 3.82% Traditional ROI: 2.42%
78-261 MANUKAI ST #1303 Kailua Kona, HI PARDON OUR DUST while we finish Remodeling the Kitchen and Baths! This rare 3 BEDROOM & 3 ...	3 beds \| 3 baths \| 1,769 sq.ft.	$950,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 0.97% Airbnb Rental Income: $5348 Traditional Rental Income: $4542 Airbnb ROI: 0.66% Traditional ROI: 0.97%
75-5719 ALII DR #315 Kailua Kona, HI Welcome to your perfect Kona getaway at Kona Plaza! This updated third-floor retreat offer...	1 beds \| 1 baths \| 613 sq.ft.	$297,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 2.02% Airbnb Rental Income: $1601 Traditional Rental Income: $2052 Airbnb ROI: -1.22% Traditional ROI: 2.02%
78-7100 Kamehameha Iii Rd #202 Kailua Kona, HI Welcome to Keauhou Kai #202, so close to Keauhou Bay you can smell the ocean air! This con...	2 beds \| 2 baths \| 1,244 sq.ft.	$649,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 1.24% Airbnb Rental Income: $2766 Traditional Rental Income: $3141 Airbnb ROI: -0.45% Traditional ROI: 1.24%
77-248 Maliko St Kailua Kona, HI Welcome to this well-appointed single-family home in the sought-after Ali'i Heights neighb...	3 beds \| 2 baths \| 1,694 sq.ft.	$1,449,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 1.44% Airbnb Rental Income: $5348 Traditional Rental Income: $3593 Airbnb ROI: 1.94% Traditional ROI: 1.44%
75-5863 Kuakini Hwy #108 Kailua Kona, HI This two bedroom, two bath condo is conveniently located within walking distance to Alii D...	2 beds \| 2 baths \| 846 sq.ft.	$435,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.11% Airbnb Rental Income: $2766 Traditional Rental Income: $2573 Airbnb ROI: 0.99% Traditional ROI: 2.11%
75-5681 Kuakini Hwy #113 Kailua Kona, HI Welcome to this beautifully renovated and move-in-ready 1-bedroom, 1-bath condo in the hea...	1 beds \| 1 baths \| 698 sq.ft.	$415,000	Airbnb cash on cash: -1.49% Traditional cash on cash: 0.85% Airbnb Rental Income: $1601 Traditional Rental Income: $2055 Airbnb ROI: -1.49% Traditional ROI: 0.85%
77-246 Hoomohala Rd Kailua Kona, HI Experience refined island living in this beautifully appointed residence in the highly sou...	3 beds \| 2 baths \| 1,574 sq.ft.	$1,399,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 1.24% Airbnb Rental Income: $5348 Traditional Rental Income: $3628 Airbnb ROI: 1.74% Traditional ROI: 1.24%
75-6016 Alii Dr #238 Kailua Kona, HI Alii Villas is located just a short distance from downtown Kailua Kona along the oceanfron...	1 beds \| 1 baths \| 635 sq.ft.	$499,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.57% Airbnb Rental Income: $1601 Traditional Rental Income: $2122 Airbnb ROI: -0.4% Traditional ROI: 1.57%
76-6246 Alii Dr #219 Kailua Kona, HI From your private lanai overlooking the Pacific Ocean, watch surfers at Banyans, spinner d...	2 beds \| 2 baths \| 806 sq.ft.	$950,000	Airbnb cash on cash: -1.49% Traditional cash on cash: -0.83% Airbnb Rental Income: $2766 Traditional Rental Income: $2702 Airbnb ROI: -1.49% Traditional ROI: -0.83%
78-261 Manukai St #303 Kailua Kona, HI Experience the perfect balance of island serenity and modern comfort in this turn key upda...	3 beds \| 2 baths \| 1,412 sq.ft.	$1,200,000	Airbnb cash on cash: 0.29% Traditional cash on cash: -1.53% Airbnb Rental Income: $5348 Traditional Rental Income: $2233 Airbnb ROI: 0.29% Traditional ROI: -1.53%
78-261 Manukai St #104 Kailua Kona, HI This spacious and beautifully upgraded 2-bedroom, 2-bathroom condo offers approximately 1,...	2 beds \| 2 baths \| 1,412 sq.ft.	$899,900	Airbnb cash on cash: -1.85% Traditional cash on cash: 0.12% Airbnb Rental Income: $2766 Traditional Rental Income: $3761 Airbnb ROI: -1.85% Traditional ROI: 0.12%
78-6825 Keaupuni St Kailua Kona, HI Welcome to Keauhou Estates #185, offering captivating architectural elements, sustainable ...	3 beds \| 2 baths \| 2,889 sq.ft.	$2,300,000	Airbnb cash on cash: -0.42% Traditional cash on cash: -0.24% Airbnb Rental Income: $5348 Traditional Rental Income: $4651 Airbnb ROI: -0.42% Traditional ROI: -0.24%
78-7030 Alii Dr #405 Kailua Kona, HI Ocean View 2 Bed, 2 Bath Condo located in Keauhou Escape to a peaceful garden setting with...	2 beds \| 2 baths \| 932 sq.ft.	$585,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 0.72% Airbnb Rental Income: $2766 Traditional Rental Income: $2642 Airbnb ROI: -0.25% Traditional ROI: 0.72%
75-5855 Walua Rd APT 20 Kailua Kona, HI	1 beds \| 1 baths \| 800 sq.ft.	$399,900	Airbnb cash on cash: -0.17% Traditional cash on cash: 0.85% Airbnb Rental Income: $1601 Traditional Rental Income: $1528 Airbnb ROI: -0.17% Traditional ROI: 0.85%
75-6106 Alii Dr Kailua Kona, HI Excellent vacation rental, and ready to become yours! Best priced unit in popular Kona By ...	2 beds \| 2 baths \| 920 sq.ft.	$670,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 0.42% Airbnb Rental Income: $2766 Traditional Rental Income: $2004 Airbnb ROI: 0.6% Traditional ROI: 0.42%

Real Estate investment in Kailua-kona, HI

There are 272 properties for sale in the city of Kailua Kona . The median list price in Kailua Kona is $950,000 and the average price per square foot is $582. In October 2026, the average monthly cash on cash return in Kailua Kona is 1.00%. The average monthly rental income in Kailua Kona is $3,271.

Kailua-kona, HI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 272 investment properties available for sale in Kailua-kona.

In 2026, the best neighborhood to buy investment property is Kailua Kona.

The ROI for Short-Term is higher than the Long-Term in Kailua-kona with average rental income of $5,348.

Your search for investment property begins and ends here

Investment Property for Sale in Kailua Kona, HI

75-5865 Walua Rd #A205

Kailua Kona, HI

1 beds | 2 baths | 829 sq.ft.

$499,000

Airbnb cash on cash: -1.05%

Traditional cash on cash: 1.74%

Airbnb Rental Income: $1601

Traditional Rental Income: $2449

Airbnb ROI: -1.05%

Traditional ROI: 1.74%

78-7079 Holuaki Loop

Kailua Kona, HI

3 beds | 2 baths | 1,887 sq.ft.

$1,950,000

Airbnb cash on cash: 0.83%

Traditional cash on cash: 0.77%

Airbnb Rental Income: $5348

Traditional Rental Income: $4158

Airbnb ROI: 0.83%

Traditional ROI: 0.77%

77-6311 KAUMALUMALU DR

Kailua Kona, HI

3 beds | 4 baths | 3,464 sq.ft.

$3,195,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 0.61%

Airbnb Rental Income: $5348

Traditional Rental Income: $5970

Airbnb ROI: 0.04%

Traditional ROI: 0.61%

75-6016 Alii Dr #118

Kailua Kona, HI

1 beds | 1 baths | 615 sq.ft.

$80,000

Airbnb cash on cash: -4.29%

Traditional cash on cash: 7.6%

Airbnb Rental Income: $1601

Traditional Rental Income: $2081

Airbnb ROI: -4.29%

Traditional ROI: 7.6%

75-5782 Kuakini Hwy #608

Kailua Kona, HI

1 beds | 2 baths | 780 sq.ft.

$599,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 1.64%

Airbnb Rental Income: $1601

Traditional Rental Income: $2400

Airbnb ROI: -0.6%

Traditional ROI: 1.64%

75-693 Paai Pl

Kailua Kona, HI

4 beds | 4 baths | 3,277 sq.ft.

$2,995,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $7198

Traditional Rental Income: $6310

Airbnb ROI: 0.07%

Traditional ROI: 0.25%

77-6581 Sea View Cir #3B

Kailua Kona, HI

2 beds | 2 baths | 981 sq.ft.

$440,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $2766

Traditional Rental Income: $2589

Airbnb ROI: 1.74%

Traditional ROI: 2.88%

75-5919 Alii Dr #T21

Kailua Kona, HI

3 beds | 2 baths | 1,177 sq.ft.

$750,000

Airbnb cash on cash: 3.28%

Traditional cash on cash: 1.57%

Airbnb Rental Income: $5348

Traditional Rental Income: $3068

Airbnb ROI: 3.28%