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
75-665 KULA KAI PL Kailua Kona, HI Seller is also the listing agent. Seller may finance at 4.85% with 55% down payment. See n...	4 beds \| 3 baths \| 2,696 sq.ft.	$2,695,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 0.43% Airbnb Rental Income: $5477 Traditional Rental Income: $4763 Airbnb ROI: 0.27% Traditional ROI: 0.43%
75-6040 ALII DRIVE unit: 705 #705 Kailua Kona, HI Nestled only minutes from the hustle and bustle of Kailua-Kona town, you will find peace a...	2 beds \| 2 baths \| 1,170 sq.ft.	$985,000	Airbnb cash on cash: -1.97% Traditional cash on cash: -1.27% Airbnb Rental Income: $2991 Traditional Rental Income: $2948 Airbnb ROI: -1.97% Traditional ROI: -1.27%
75-6040 ALII DR unit: 108 #108 Kailua Kona, HI Here is a rare opportunity to own one of the largest, rarely available, fully furnished re...	3 beds \| 3 baths \| 2,546 sq.ft.	$2,399,000	Airbnb cash on cash: -2.22% Traditional cash on cash: -1.37% Airbnb Rental Income: $4404 Traditional Rental Income: $5377 Airbnb ROI: -2.22% Traditional ROI: -1.37%
78-6842 ALII DR unit: 1201 #1201 Kailua Kona, HI Fresh paint and new luxury flooring were recently installed. An End Unit with bridge acces...	2 beds \| 2 baths \| 1,527 sq.ft.	$899,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 0.5% Airbnb Rental Income: $2991 Traditional Rental Income: $3786 Airbnb ROI: -1.27% Traditional ROI: 0.5%
75-6060 Kuakini Hwy #G2 Kailua Kona, HI Welcome to your slice of paradise â an ocean view retreat! Nestled in a low-density, gat...	2 beds \| 2 baths \| 981 sq.ft.	$598,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 2.77% Airbnb Rental Income: $2991 Traditional Rental Income: $2953 Airbnb ROI: 1.61% Traditional ROI: 2.77%
78-6984 KEWALO PL Kailua Kona, HI Elegant single-level luxury home in the prestigious Bayview Estates! This luxury home gree...	3 beds \| 3 baths \| 2,000 sq.ft.	$2,400,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 0.02% Airbnb Rental Income: $4404 Traditional Rental Income: $4388 Airbnb ROI: -0.39% Traditional ROI: 0.02%
78-6998 OLA KINO ST Kailua Kona, HI Fully remodeled luxury home at the very Top of Bayview Estates. The amazing views take you...	3 beds \| 4 baths \| 2,939 sq.ft.	$3,165,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 0.5% Airbnb Rental Income: $4404 Traditional Rental Income: $5696 Airbnb ROI: -0.25% Traditional ROI: 0.5%
75-5865 WALUA RD unit: E631 #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: -0.44% Traditional cash on cash: 0.78% Airbnb Rental Income: $2288 Traditional Rental Income: $2462 Airbnb ROI: -0.44% Traditional ROI: 0.78%
73-5528 KAIAU PL Kailua Kona, HI Welcome home to Wainani Estates, where ocean, sunset and sunrise views over Hualalai await...	4 beds \| 2 baths \| 1,560 sq.ft.	$1,099,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 2.18% Airbnb Rental Income: $5477 Traditional Rental Income: $3757 Airbnb ROI: 2.78% Traditional ROI: 2.18%
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.	$1,199,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 1.53% Airbnb Rental Income: $4404 Traditional Rental Income: $3814 Airbnb ROI: 1.23% Traditional ROI: 1.53%
76-973 AEO ST Kailua Kona, HI EASY TO SEE! Perched high above the Kona coast in the highly coveted Hind Subdivision at t...	3 beds \| 3 baths \| 2,670 sq.ft.	$1,495,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 1.6% Airbnb Rental Income: $4404 Traditional Rental Income: $4985 Airbnb ROI: 0.51% Traditional ROI: 1.6%
75-5781 IUNA PL Kailua Kona, HI If you are looking for a home that offers many opportunities in a comfortable and convenie...	4 beds \| 4 baths \| 2,258 sq.ft.	$1,150,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 2.18% Airbnb Rental Income: $5477 Traditional Rental Income: $4605 Airbnb ROI: 1.96% Traditional ROI: 2.18%
73-4327 ONEONE ST Kailua Kona, HI Welcome to 73-4327 Oneone Street-an exceptional property offering panoramic ocean views, v...	3 beds \| 2 baths \| 2,128 sq.ft.	$998,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 2.97% Airbnb Rental Income: $4404 Traditional Rental Income: $4089 Airbnb ROI: 2.31% Traditional ROI: 2.97%
75-5919 Alii Drive #EE4 Kailua Kona, HI Experience elevated island living at Alii Coveâone of Konaâs most desirable gated comm...	3 beds \| 3 baths \| 1,815 sq.ft.	$1,075,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 2.56% Airbnb Rental Income: $4404 Traditional Rental Income: $4752 Airbnb ROI: 1.29% Traditional ROI: 2.56%
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 \| 4 baths \| 3,056 sq.ft.	$1,499,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 2.54% Airbnb Rental Income: $5477 Traditional Rental Income: $5748 Airbnb ROI: 1.56% Traditional ROI: 2.54%
75-5888 Alii Dr #A4 Kailua Kona, HI Live your oceanfront dream in this ground-floor condo at Kona Reefâs A Building, where t...	1 beds \| 1 baths \| 611 sq.ft.	$750,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 0.96% Airbnb Rental Income: $2288 Traditional Rental Income: $1986 Airbnb ROI: 0.58% Traditional ROI: 0.96%
76-874 IO KUALUA PL Kailua Kona, HI 76-874 Io Kualua Pl - an architectural masterpiece in Kona. Majestic lava rock walls set t...	3 beds \| 5 baths \| 2,669 sq.ft.	$2,775,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 0.98% Airbnb Rental Income: $4404 Traditional Rental Income: $5797 Airbnb ROI: 0.08% Traditional ROI: 0.98%
76-718-A HUALALAI RD Kailua Kona, HI Come home to resort-quality comfort, style, and thoughtful design in this private Kailua-K...	4 beds \| 3 baths \| 2,789 sq.ft.	$2,950,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 0.43% Airbnb Rental Income: $5477 Traditional Rental Income: $4648 Airbnb ROI: 0.33% Traditional ROI: 0.43%
71-1757 Puu Lani Dr Kailua Kona, HI Perfection in Puu Lani Ranch! Immaculate 3 Bedroom, 2.5 Bath single-level custom home is...	3 beds \| 3 baths \| 2,364 sq.ft.	$1,450,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 2.22% Airbnb Rental Income: $4404 Traditional Rental Income: $4468 Airbnb ROI: 1.49% Traditional ROI: 2.22%
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.	$1,249,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 2.27% Airbnb Rental Income: $4404 Traditional Rental Income: $4416 Airbnb ROI: 1.46% Traditional ROI: 2.27%
75-195 ALA ONAONA ST Kailua Kona, HI INVESTMENT OPPORTUNITY - 6% CAP RATE Rare Multi-Building Income Property in the Heart of K...	4 beds \| 4 baths \| 3,467 sq.ft.	$1,300,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 3.74% Airbnb Rental Income: $4404 Traditional Rental Income: $6347 Airbnb ROI: 1.36% Traditional ROI: 3.74%
73-1219 MAHILANI DR Kailua Kona, HI Custom home with some unique architectual features, that resides at a cool elevation (@170...	3 beds \| 2 baths \| 1,895 sq.ft.	$1,140,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 1.81% Airbnb Rental Income: $4404 Traditional Rental Income: $3973 Airbnb ROI: 1.35% Traditional ROI: 1.81%
78-7030 ALII DR unit: 405 #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.	$626,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 0.92% Airbnb Rental Income: $2991 Traditional Rental Income: $2642 Airbnb ROI: 0.34% Traditional ROI: 0.92%
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: -0.4% Traditional cash on cash: 0.63% Airbnb Rental Income: $2288 Traditional Rental Income: $2212 Airbnb ROI: -0.4% Traditional ROI: 0.63%
75-5855 Walua Rd APT 20 Kailua Kona, HI	1 beds \| 1 baths \| 800 sq.ft.	$399,900	Airbnb cash on cash: 1.36% Traditional cash on cash: 0.85% Airbnb Rental Income: $2288 Traditional Rental Income: $1528 Airbnb ROI: 1.36% 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.	$1,050,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 1.94% Airbnb Rental Income: $2991 Traditional Rental Income: $3353 Airbnb ROI: 0.86% Traditional ROI: 1.94%
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: 0.9% Traditional cash on cash: 0.42% Airbnb Rental Income: $2991 Traditional Rental Income: $2004 Airbnb ROI: 0.9% Traditional ROI: 0.42%
76-6280-C ALII DR Kailua Kona, HI This is a leasehold property This property converts to fee simple upon recordation of sale...	4 beds \| 5 baths \| 3,393 sq.ft.	$4,300,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 0.19% Airbnb Rental Income: $5477 Traditional Rental Income: $5900 Airbnb ROI: -0.2% Traditional ROI: 0.19%
77-363 PAULINA PL Kailua Kona, HI Ocean views from inside and out, this one-of-a-kind home in a cul-de-sac has many unique f...	3 beds \| 3 baths \| 2,461 sq.ft.	$1,350,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 2.36% Airbnb Rental Income: $4404 Traditional Rental Income: $4824 Airbnb ROI: 1.29% Traditional ROI: 2.36%
75-6009 ALII DR unit: K22 #K22 Kailua Kona, HI Incredible Ocean Views! This furnished Kona Sea Ridge condo offers resort style living wit...	2 beds \| 2 baths \| 906 sq.ft.	$615,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 0.85% Airbnb Rental Income: $2991 Traditional Rental Income: $2033 Airbnb ROI: 1.32% Traditional ROI: 0.85%
75-6124 ALII DR unit: 208 #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: -0.76% Traditional cash on cash: 0.27% Airbnb Rental Income: $2288 Traditional Rental Income: $2296 Airbnb ROI: -0.76% Traditional ROI: 0.27%
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 \| 6 baths \| 4,140 sq.ft.	$2,900,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 1.29% Airbnb Rental Income: $1983 Traditional Rental Income: $7278 Airbnb ROI: -0.87% Traditional ROI: 1.29%
77-6585 SEAVIEW CIRCLE unit: 104 #104 Kailua Kona, HI Pristine and Move-in Ready 2-bedroom 2-bath condo with vast ocean views. With over 1,000 s...	2 beds \| 2 baths \| 1,050 sq.ft.	$499,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 1.04% Airbnb Rental Income: $2991 Traditional Rental Income: $2142 Airbnb ROI: 1.39% Traditional ROI: 1.04%
74-5618 PALANI RD unit: K4 #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: 5.48% Traditional cash on cash: 8.2% Airbnb Rental Income: $2288 Traditional Rental Income: $2008 Airbnb ROI: 5.48% Traditional ROI: 8.2%
75-6016 ALII DR unit: 225 #225 Kailua Kona, HI 30K price improvement with extra $3000 buyer credit for this renovated condo in popular oc...	1 beds \| 1 baths \| 635 sq.ft.	$549,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 1.22% Airbnb Rental Income: $2288 Traditional Rental Income: $2289 Airbnb ROI: 0.11% Traditional ROI: 1.22%
73-1749 HAO ST Kailua Kona, HI Estate property on 6.5 acres of rare cloud forest in Kailua Kona, Hawaii. Located at an el...	5 beds \| 5 baths \| 4,171 sq.ft.	$3,700,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.35% Airbnb Rental Income: $1983 Traditional Rental Income: $5942 Airbnb ROI: -0.96% Traditional ROI: 0.35%
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: -0.98% Traditional cash on cash: 2.3% Airbnb Rental Income: $1983 Traditional Rental Income: $6631 Airbnb ROI: -0.98% 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 \| 5 baths \| 2,844 sq.ft.	$3,300,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 0.68% Airbnb Rental Income: $4404 Traditional Rental Income: $5498 Airbnb ROI: 0.02% Traditional ROI: 0.68%
75-638 KULA KAI PL Kailua Kona, HI Nestled in the enchanting heart of Hawaii's Big Island, Gated Kula Kai Estates stands out ...	3 beds \| 3 baths \| 2,376 sq.ft.	$1,879,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 1.19% Airbnb Rental Income: $4404 Traditional Rental Income: $4370 Airbnb ROI: 0.68% Traditional ROI: 1.19%
71-1410 PUU KAMANU LN Kailua Kona, HI FANTASTIC VALUE- ADDITIONAL PRICE REDUCTION OF $50,900!! NOW LISTED AT $1,849,000!! TURNKE...	4 beds \| 6 baths \| 4,676 sq.ft.	$1,849,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.48% Airbnb Rental Income: $5477 Traditional Rental Income: $9385 Airbnb ROI: 0.56% Traditional ROI: 3.48%

Real Estate investment in Kailua-kona, HI

There are 146 properties for sale in the city of Kailua Kona . The median list price in Kailua Kona is $999,000 and the average price per square foot is $599. In October 2025, the average monthly cash on cash return in Kailua Kona is 2.00%. The average monthly rental income in Kailua Kona is $3,526.

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

There are 146 investment properties available for sale in Kailua-kona.

In 2025, 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 $3,526.

Your search for investment property begins and ends here

Investment Property for Sale in Kailua Kona, HI

75-665 KULA KAI PL

Kailua Kona, HI

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

$2,695,000

Airbnb cash on cash: 0.27%

Traditional cash on cash: 0.43%

Airbnb Rental Income: $5477

Traditional Rental Income: $4763

Airbnb ROI: 0.27%

Traditional ROI: 0.43%

75-6040 ALII DRIVE unit: 705 #705

Kailua Kona, HI

2 beds | 2 baths | 1,170 sq.ft.

$985,000

Airbnb cash on cash: -1.97%

Traditional cash on cash: -1.27%

Airbnb Rental Income: $2991

Traditional Rental Income: $2948

Airbnb ROI: -1.97%

Traditional ROI: -1.27%

75-6040 ALII DR unit: 108 #108

Kailua Kona, HI

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

$2,399,000

Airbnb cash on cash: -2.22%

Traditional cash on cash: -1.37%

Airbnb Rental Income: $4404

Traditional Rental Income: $5377

Airbnb ROI: -2.22%

Traditional ROI: -1.37%

78-6842 ALII DR unit: 1201 #1201

Kailua Kona, HI

2 beds | 2 baths | 1,527 sq.ft.

$899,000

Airbnb cash on cash: -1.27%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $2991

Traditional Rental Income: $3786

Airbnb ROI: -1.27%

Traditional ROI: 0.5%

75-6060 Kuakini Hwy #G2

Kailua Kona, HI

2 beds | 2 baths | 981 sq.ft.

$598,000

Airbnb cash on cash: 1.61%

Traditional cash on cash: 2.77%

Airbnb Rental Income: $2991

Traditional Rental Income: $2953

Airbnb ROI: 1.61%

Traditional ROI: 2.77%

78-6984 KEWALO PL

Kailua Kona, HI

3 beds | 3 baths | 2,000 sq.ft.

$2,400,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 0.02%

Airbnb Rental Income: $4404

Traditional Rental Income: $4388

Airbnb ROI: -0.39%

Traditional ROI: 0.02%

78-6998 OLA KINO ST

Kailua Kona, HI

3 beds | 4 baths | 2,939 sq.ft.

$3,165,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $4404

Traditional Rental Income: $5696

Airbnb ROI: -0.25%

Traditional ROI: 0.5%

75-5865 WALUA RD unit: E631 #E631

Kailua Kona, HI

1 beds | 2 baths | 829 sq.ft.

$655,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 0.78%

Airbnb Rental Income: $2288

Traditional Rental Income: $2462

Airbnb ROI: -0.44%