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
77-153 Hooilina Ct Kailua Kona, HI Just a short distance from Magic Sands Beach and the shoreline, this home offers comfortab...	3 beds \| 2 baths \| 1,360 sq.ft.	$1,299,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 1.24% Airbnb Rental Income: $3914 Traditional Rental Income: $3306 Airbnb ROI: 1.04% Traditional ROI: 1.24%
75-665 Kula Kai Pl Kailua Kona, HI Seller may finance at 4.85% with 55% down payment using agreement of sale. Very private lo...	4 beds \| 3 baths \| 2,696 sq.ft.	$2,685,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 0.43% Airbnb Rental Income: $6738 Traditional Rental Income: $4763 Airbnb ROI: 0.7% Traditional ROI: 0.43%
75-6040 ALII DR unit: 108 #108 Kailua Kona, HI Here is a rare residential alternative to owning an oceanfront home in Hawaii!! You enjoy ...	3 beds \| 3 baths \| 2,546 sq.ft.	$2,299,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -1.39% Airbnb Rental Income: $3914 Traditional Rental Income: $5377 Airbnb ROI: -2.47% Traditional ROI: -1.39%
77-6546 Hoolaupai St Kailua Kona, HI Welcome to this beautiful Keauhou View Estates home located a short distance from Magic Sa...	3 beds \| 2 baths \| 1,092 sq.ft.	$950,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 1.89% Airbnb Rental Income: $3914 Traditional Rental Income: $3046 Airbnb ROI: 1.92% Traditional ROI: 1.89%
78-7018 Mololani St Kailua Kona, HI Set within prestigious Bayview Estates, this home blends luxury, privacy, and effortless i...	3 beds \| 3 baths \| 2,679 sq.ft.	$2,590,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.97% Airbnb Rental Income: $3914 Traditional Rental Income: $5795 Airbnb ROI: -0.16% Traditional ROI: 0.97%
75-5865 Walua Rd #E631 Kailua Kona, HI Discover the charm of Kona Pacific, where convenience meets tranquility! Just a short stro...	1 beds \| 2 baths \| 829 sq.ft.	$655,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 0.78% Airbnb Rental Income: $2240 Traditional Rental Income: $2462 Airbnb ROI: -0.51% Traditional ROI: 0.78%
73-1288 KAIMINANI DR Kailua Kona, HI Amazing value in Kona Palisades! This single level home features 3 bedrooms and 2 baths wi...	3 beds \| 2 baths \| 1,296 sq.ft.	$839,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 2.74% Airbnb Rental Income: $3914 Traditional Rental Income: $3171 Airbnb ROI: 2.61% Traditional ROI: 2.74%
77-6471 Kilohana St Kailua Kona, HI Immerse yourself in breathtaking ocean views from this Sunset View Terrace home. Perched a...	3 beds \| 2 baths \| 1,774 sq.ft.	$1,175,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 1.58% Airbnb Rental Income: $3914 Traditional Rental Income: $3814 Airbnb ROI: 0.9% Traditional ROI: 1.58%
75-5952 Alii Dr Kailua Kona, HI 75-5952 Ali'i Dr is an exceptional oceanfront residence in Kailua-Kona. Built in 2011, the...	3 beds \| 2 baths \| 2,442 sq.ft.	$3,450,000	Airbnb cash on cash: -1.14% Traditional cash on cash: -0.61% Airbnb Rental Income: $3914 Traditional Rental Income: $4770 Airbnb ROI: -1.14% Traditional ROI: -0.61%
75-6222 Hookuku Moho Pl Kailua Kona, HI Modern Single-level home in Pualani Estates. Perched on a hillside roughly 2.5 miles south...	3 beds \| 2 baths \| 1,265 sq.ft.	$925,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 2.24% Airbnb Rental Income: $3914 Traditional Rental Income: $3268 Airbnb ROI: 2.02% Traditional ROI: 2.24%
76-6246 Alii Dr #224 Kailua Kona, HI RARELY AVAILABLE Oceanfront 1-Bedroom Condo at Kona Bali Kai on Historic Alii Drive! Wake ...	1 beds \| 1 baths \| 651 sq.ft.	$725,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 1.17% Airbnb Rental Income: $2240 Traditional Rental Income: $2041 Airbnb ROI: 0.63% Traditional ROI: 1.17%
71-1769 Puu Lani Dr Kailua Kona, HI At a comfortably cool 2260' elevation w/ breathtaking views of Mauna Kea, you can watch th...	4 beds \| 3 baths \| 3,056 sq.ft.	$1,549,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 2.43% Airbnb Rental Income: $6738 Traditional Rental Income: $5748 Airbnb ROI: 2.21% Traditional ROI: 2.43%
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.	$999,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 0.56% Airbnb Rental Income: $3914 Traditional Rental Income: $4542 Airbnb ROI: -0.88% Traditional ROI: 0.56%
78-124 Holuakai St Kailua Kona, HI Fronting the lush fairway of Kona Country Club, this golf-front 3-bed / 3-bath residence w...	3 beds \| 3 baths \| 2,758 sq.ft.	$2,395,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 0.48% Airbnb Rental Income: $3914 Traditional Rental Income: $5025 Airbnb ROI: -0.3% Traditional ROI: 0.48%
75-5521 Kona Bay Dr Kailua Kona, HI Seize the opportunity to acquire a custom-built, three-level luxury residence holding a tr...	4 beds \| 3 baths \| 3,998 sq.ft.	$3,798,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 0.09% Airbnb Rental Income: $6738 Traditional Rental Income: $6697 Airbnb ROI: -0.27% Traditional ROI: 0.09%
75-5826 Neke Pl Kailua Kona, HI This distinctive two-story residence presents a rare opportunity to own a versatile home t...	3 beds \| 3 baths \| 2,559 sq.ft.	$1,250,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 2.83% Airbnb Rental Income: $3914 Traditional Rental Income: $4599 Airbnb ROI: 1.52% Traditional ROI: 2.83%
77-277 Wikolia St Kailua Kona, HI Welcome home to your tropical Hawaii paradise. Every detail of the home has been thoughtfu...	3 beds \| 2 baths \| 2,172 sq.ft.	$1,149,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 2.55% Airbnb Rental Income: $3914 Traditional Rental Income: $4416 Airbnb ROI: 1.3% Traditional ROI: 2.55%
78-7030 Alii Dr #405 Kailua Kona, HI Seller is motivated!! Ocean View 2 Bed, 2 Bath Condo located in Keauhou Escape to a peacef...	2 beds \| 2 baths \| 932 sq.ft.	$621,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 0.65% Airbnb Rental Income: $2958 Traditional Rental Income: $2642 Airbnb ROI: 0.02% Traditional ROI: 0.65%
75-5681 KUAKINI HWY unit: 305 #305 Kailua Kona, HI Discover modern island living in this beautifully upgraded top-floor one-bedroom, one-bath...	1 beds \| 1 baths \| 753 sq.ft.	$515,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 0.63% Airbnb Rental Income: $2240 Traditional Rental Income: $2212 Airbnb ROI: -0.48% Traditional ROI: 0.63%
74-5156 Puuhalo St Kailua Kona, HI Welcome to this charming and well-maintained 3 bedroom, 1 bathroom home ideally located ne...	3 beds \| 2 baths \| 1,344 sq.ft.	$700,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 3.03% Airbnb Rental Income: $3914 Traditional Rental Income: $3380 Airbnb ROI: 2.56% Traditional ROI: 3.03%
75-5855 Walua Rd APT 20 Kailua Kona, HI	1 beds \| 1 baths \| 800 sq.ft.	$399,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 0.85% Airbnb Rental Income: $2240 Traditional Rental Income: $1528 Airbnb ROI: 1.25% Traditional ROI: 0.85%
75-5811 NANI KAILUA PL Kailua Kona, HI Situated on a large beautifully maintained lot this exceptional residence captures the ess...	2 beds \| 2 baths \| 1,388 sq.ft.	$999,999	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.08% Airbnb Rental Income: $2958 Traditional Rental Income: $3353 Airbnb ROI: 0.93% Traditional ROI: 2.08%
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: 0.85% Traditional cash on cash: 0.42% Airbnb Rental Income: $2958 Traditional Rental Income: $2004 Airbnb ROI: 0.85% Traditional ROI: 0.42%
73-1238 Kaiminani Dr Kailua Kona, HI Get out your checklist. Spectacular coastline views? Yes. A spacious, unique floor plan? A...	4 beds \| 3 baths \| 2,304 sq.ft.	$1,275,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.22% Airbnb Rental Income: $6738 Traditional Rental Income: $4506 Airbnb ROI: 3% Traditional ROI: 2.22%
76-6247 Kupuna St Kailua Kona, HI Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	3 beds \| 3 baths \| 2,157 sq.ft.	$524,999	Airbnb cash on cash: 3.31% Traditional cash on cash: 4.97% Airbnb Rental Income: $3914 Traditional Rental Income: $3887 Airbnb ROI: 3.31% Traditional ROI: 4.97%
75-6124 Alii Dr #208 Kailua Kona, HI Welcome Home! This condo has been lovingly cared for by the same owner for over 20 years. ...	1 beds \| 1 baths \| 830 sq.ft.	$599,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 0.27% Airbnb Rental Income: $2240 Traditional Rental Income: $2296 Airbnb ROI: -0.83% Traditional ROI: 0.27%
78-216 Makolea St #32 Kailua Kona, HI Welcome to your slice of paradise at your condo in Makolea in sunny Keauhou! This fully fu...	1 beds \| 1 baths \| 480 sq.ft.	$450,000	Airbnb cash on cash: 0.08% Traditional cash on cash: -0.28% Airbnb Rental Income: $2240 Traditional Rental Income: $1523 Airbnb ROI: 0.08% Traditional ROI: -0.28%
78-122 Holuakai St Kailua Kona, HI Welcome to 78-122 Holuakai, a resort zoned, short term vacation rental property in the gat...	3 beds \| 2 baths \| 1,887 sq.ft.	$2,450,000	Airbnb cash on cash: -0.62% Traditional cash on cash: -0.61% Airbnb Rental Income: $3914 Traditional Rental Income: $3080 Airbnb ROI: -0.62% Traditional ROI: -0.61%
73-1402 Hikimoe St Kailua Kona, HI Enter via a gated Palm Tree lined drive to a dramatic custom home with soaring ceilings, 2...	5 beds \| 4 baths \| 4,140 sq.ft.	$2,900,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 1.29% Airbnb Rental Income: $4723 Traditional Rental Income: $7278 Airbnb ROI: -0.03% Traditional ROI: 1.29%
77-6585 Seaview Cir #104 Kailua Kona, HI Recently, the complex underwent a significant upgrade, including the installation of a bra...	2 beds \| 2 baths \| 1,050 sq.ft.	$479,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 1.12% Airbnb Rental Income: $2958 Traditional Rental Income: $2142 Airbnb ROI: 1.42% Traditional ROI: 1.12%
76-996 Aeo St Kailua Kona, HI Discover unparalleled luxury and sustainability in this meticulously upgraded residence, w...	3 beds \| 2 baths \| 1,772 sq.ft.	$1,499,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 0.58% Airbnb Rental Income: $3914 Traditional Rental Income: $2901 Airbnb ROI: 0.7% Traditional ROI: 0.58%
77-422 Pelenike Dr Kailua Kona, HI Experience refined island living in this exceptional 3 bedroom and 3 bath residence. This ...	3 beds \| 3 baths \| 3,041 sq.ft.	$2,375,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 0.07% Airbnb Rental Income: $3914 Traditional Rental Income: $3321 Airbnb ROI: -0.04% Traditional ROI: 0.07%
74-5618 Palani Rd #K4 Kailua Kona, HI This is a leasehold property. Prime location! Kona Kai condominiums is in walking distance...	1 beds \| 1 baths \| 535 sq.ft.	$110,000	Airbnb cash on cash: 5.1% Traditional cash on cash: 8.2% Airbnb Rental Income: $2240 Traditional Rental Income: $2008 Airbnb ROI: 5.1% Traditional ROI: 8.2%
78-7043 Mololani St Kailua Kona, HI Perched above the Kona coast in the gated community of Bayview Estates, this single-level ...	3 beds \| 3 baths \| 3,049 sq.ft.	$3,160,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.76% Airbnb Rental Income: $3914 Traditional Rental Income: $6109 Airbnb ROI: -0.28% Traditional ROI: 0.76%
73-1153 Ahikawa St Kailua Kona, HI Are you looking for a Multi-Family and/or an Income Property? One Lot with Two Updated Hom...	N/A beds \| N/A baths \| 3,930 sq.ft.	$1,675,000	Airbnb cash on cash: -0.59% Traditional cash on cash: -0.59% Airbnb Rental Income: $2705 Traditional Rental Income: $2060 Airbnb ROI: -0.59% Traditional ROI: -0.59%
77-6451 Marlin Rd Kailua Kona, HI Gorgeous custom built, this home sits tall in the birds view with expansive ocean views fr...	5 beds \| 4 baths \| 3,472 sq.ft.	$1,700,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 2.3% Airbnb Rental Income: $4723 Traditional Rental Income: $6631 Airbnb ROI: 0.47% Traditional ROI: 2.3%
73-4568 Ohianani Pl Kailua Kona, HI Nestled within the lush embrace of Kaloko, Pa'ina Place offers a serene escape on the slop...	3 beds \| 4 baths \| 2,844 sq.ft.	$3,300,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 0.68% Airbnb Rental Income: $3914 Traditional Rental Income: $5498 Airbnb ROI: -0.11% Traditional ROI: 0.68%
75-123 Lunapule Rd #107 Kailua Kona, HI Welcome home to this beautifully maintained and recently renovated 2-bedroom, 2-bathroom c...	2 beds \| 2 baths \| 882 sq.ft.	$595,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.96% Airbnb Rental Income: $2958 Traditional Rental Income: $2822 Airbnb ROI: -0.02% Traditional ROI: 0.96%
78-6920 Alii Dr #219 Kailua Kona, HI Discover tranquility just moments away from the vibrant heart of Kailua-Kona, in this char...	2 beds \| 2 baths \| 1,000 sq.ft.	$775,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 0.13% Airbnb Rental Income: $2958 Traditional Rental Income: $2897 Airbnb ROI: -0.72% Traditional ROI: 0.13%

Real Estate investment in Kailua-kona, HI

There are 197 properties for sale in the city of Kailua Kona . The median list price in Kailua Kona is $1,050,000 and the average price per square foot is $615. In February 2026, the average monthly cash on cash return in Kailua Kona is 2.00%. The average monthly rental income in Kailua Kona is $3,380.

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

There are 197 investment properties available for sale in Kailua-kona.

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

The ROI for Long-Term is higher than the Short-Term in Kailua-kona with average rental income of $3,380.

Your search for investment property begins and ends here

Investment Property for Sale in Kailua Kona, HI

77-153 Hooilina Ct

Kailua Kona, HI

3 beds | 2 baths | 1,360 sq.ft.

$1,299,000

Airbnb cash on cash: 1.04%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $3914

Traditional Rental Income: $3306

Airbnb ROI: 1.04%

Traditional ROI: 1.24%

75-665 Kula Kai Pl

Kailua Kona, HI

4 beds | 3 baths | 2,696 sq.ft.

$2,685,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 0.43%

Airbnb Rental Income: $6738

Traditional Rental Income: $4763

Airbnb ROI: 0.7%

Traditional ROI: 0.43%

75-6040 ALII DR unit: 108 #108

Kailua Kona, HI

3 beds | 3 baths | 2,546 sq.ft.

$2,299,000

Airbnb cash on cash: -2.47%

Traditional cash on cash: -1.39%

Airbnb Rental Income: $3914

Traditional Rental Income: $5377

Airbnb ROI: -2.47%

Traditional ROI: -1.39%

77-6546 Hoolaupai St

Kailua Kona, HI

3 beds | 2 baths | 1,092 sq.ft.

$950,000

Airbnb cash on cash: 1.92%

Traditional cash on cash: 1.89%

Airbnb Rental Income: $3914

Traditional Rental Income: $3046

Airbnb ROI: 1.92%

Traditional ROI: 1.89%

78-7018 Mololani St

Kailua Kona, HI

3 beds | 3 baths | 2,679 sq.ft.

$2,590,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 0.97%

Airbnb Rental Income: $3914

Traditional Rental Income: $5795

Airbnb ROI: -0.16%

Traditional ROI: 0.97%

75-5865 Walua Rd #E631

Kailua Kona, HI

1 beds | 2 baths | 829 sq.ft.

$655,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: 0.78%

Airbnb Rental Income: $2240

Traditional Rental Income: $2462

Airbnb ROI: -0.51%

Traditional ROI: 0.78%

73-1288 KAIMINANI DR

Kailua Kona, HI

3 beds | 2 baths | 1,296 sq.ft.

$839,000

Airbnb cash on cash: 2.61%

Traditional cash on cash: 2.74%

Airbnb Rental Income: $3914

Traditional Rental Income: $3171

Airbnb ROI: 2.61%

Traditional ROI: 2.74%

77-6471 Kilohana St

Kailua Kona, HI

3 beds | 2 baths | 1,774 sq.ft.

$1,175,000

Airbnb cash on cash: 0.9%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $3914

Traditional Rental Income: $3814

Airbnb ROI: 0.9%