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 Located within the exclusive 13-lot enclave of Kula Kai Estates, this exceptional property...	4 beds \| 3 baths \| 2,696 sq.ft.	$2,574,999	Airbnb cash on cash: 0.92% Traditional cash on cash: 0.48% Airbnb Rental Income: $7198 Traditional Rental Income: $4763 Airbnb ROI: 0.92% Traditional ROI: 0.48%
78-6800 ALII DR #2202 Kailua Kona, HI STVR Certified Direct Oceanfront Second Floor unit at Keauhou Kona Surf & Racquet Club. Ex...	2 beds \| 2 baths \| 1,170 sq.ft.	$1,175,000	Airbnb cash on cash: -1.14% Traditional cash on cash: -0.19% Airbnb Rental Income: $2766 Traditional Rental Income: $3152 Airbnb ROI: -1.14% Traditional ROI: -0.19%
78-6842 ALII DR #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.	$695,000	Airbnb cash on cash: -2.26% Traditional cash on cash: 0.32% Airbnb Rental Income: $2766 Traditional Rental Income: $3786 Airbnb ROI: -2.26% Traditional ROI: 0.32%
75-6040 ALII DR #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: -1.91% Traditional cash on cash: -1.38% Airbnb Rental Income: $5348 Traditional Rental Income: $5387 Airbnb ROI: -1.91% Traditional ROI: -1.38%
75-6040 ALII DR #504 Kailua Kona, HI ROYAL SEA CLIFF - Lush Garden & Peek-a-boo ocean views Oceanfront Complex - Resort living ...	2 beds \| 2 baths \| 1,087 sq.ft.	$559,000	Airbnb cash on cash: -2.8% Traditional cash on cash: -1.14% Airbnb Rental Income: $2766 Traditional Rental Income: $2981 Airbnb ROI: -2.8% Traditional ROI: -1.14%
75-6040 ALII DR #704 Kailua Kona, HI Perched above the Kona coastline, Penthouse 704 at the Royal Sea Cliff offers sweeping oce...	2 beds \| 2 baths \| 1,170 sq.ft.	$1,088,800	Airbnb cash on cash: -1.63% Traditional cash on cash: -0.57% Airbnb Rental Income: $2766 Traditional Rental Income: $3193 Airbnb ROI: -1.63% Traditional ROI: -0.57%
78-7079 HOLUAKI LOOP Kailua Kona, HI SHORT TERM VACATION RENTAL ZONED! HOME BUSINESS ZONED WITH HOA APPROVAL. GOLF CART INCLUDE...	3 beds \| 3 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%
75-6082 ALII DR #B221 Kailua Kona, HI Casa de Emdeko is a much sought after, low-density, oceanfront community known for its wel...	1 beds \| 1 baths \| 736 sq.ft.	$475,000	Airbnb cash on cash: -2.02% Traditional cash on cash: 0.38% Airbnb Rental Income: $1611 Traditional Rental Income: $2222 Airbnb ROI: -2.02% Traditional ROI: 0.38%
78-7030 ALII DR #306 Kailua Kona, HI Welcome to Keauhou Akahi in beautiful Kailua-Kona, Hawaii. This condo is a second floor un...	2 beds \| 2 baths \| 895 sq.ft.	$555,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 2.3% Airbnb Rental Income: $2766 Traditional Rental Income: $2577 Airbnb ROI: 1.41% Traditional ROI: 2.3%
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%
75-6025 Alii Dr #E101 Kailua Kona, HI Welcome to Alii Park Place, one of Kailua-Kona's most sought-after condominium communities...	2 beds \| 2 baths \| 1,081 sq.ft.	$699,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 2.75% Airbnb Rental Income: $2766 Traditional Rental Income: $2997 Airbnb ROI: 1.4% Traditional ROI: 2.75%
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: -4.18% Traditional cash on cash: 7.6% Airbnb Rental Income: $1611 Traditional Rental Income: $2081 Airbnb ROI: -4.18% Traditional ROI: 7.6%
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 CIRCLE #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%
73-3707 KAIMALOLO PL Kailua Kona, HI PRICED UNDER RECENT APPRAISED VALUE Welcome to this resort-level 3-bedroom, 2-bath hom...	3 beds \| 2 baths \| 1,322 sq.ft.	$1,399,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 1.12% Airbnb Rental Income: $5348 Traditional Rental Income: $3310 Airbnb ROI: 1.86% Traditional ROI: 1.12%
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 \| 3 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%
73-1329 AWAKEA ST Kailua Kona, HI Panoramic ocean, coastline and sunset views abound from this beautifully updated, two-stor...	4 beds \| 3 baths \| 2,276 sq.ft.	$1,100,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 2.55% Airbnb Rental Income: $7198 Traditional Rental Income: $4541 Airbnb ROI: 3.79% Traditional ROI: 2.55%
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%
75-6016 ALII DR #323 Kailua Kona, HI Alii Villas Unit 323 - Ocean View, Turnkey 1-Bedroom Condo in Kailua Kona Welcome to Alii ...	1 beds \| 1 baths \| 635 sq.ft.	$515,000	Airbnb cash on cash: -1.75% Traditional cash on cash: -1.06% Airbnb Rental Income: $1611 Traditional Rental Income: $1487 Airbnb ROI: -1.75% Traditional ROI: -1.06%
75-5919 ALII DR #Ee4 Kailua Kona, HI This is your NEW HOME ADDRESS... Seller is ready to make this move! Your Kona life is call...	3 beds \| 3 baths \| 1,815 sq.ft.	$999,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 1.2% Airbnb Rental Income: $5348 Traditional Rental Income: $4752 Airbnb ROI: 0.68% Traditional ROI: 1.2%
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.	$329,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 1.73% Airbnb Rental Income: $1611 Traditional Rental Income: $2052 Airbnb ROI: -1.17% Traditional ROI: 1.73%
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%
75-6040 Alii Drive #623 Kailua Kona, HI Royal Sea-Cliff Club #623 offers ocean and sunset views from a fee simple 1-bedroom, 1-bat...	1 beds \| 1 baths \| 784 sq.ft.	$600,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 1.85% Airbnb Rental Income: $1611 Traditional Rental Income: $2184 Airbnb ROI: 0.01% Traditional ROI: 1.85%
75-5863 KUAKINI HIGHWAY #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: -1.47% Traditional cash on cash: 0.85% Airbnb Rental Income: $1611 Traditional Rental Income: $2055 Airbnb ROI: -1.47% 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.	$529,999	Airbnb cash on cash: -0.38% Traditional cash on cash: 1.57% Airbnb Rental Income: $1611 Traditional Rental Income: $2122 Airbnb ROI: -0.38% Traditional ROI: 1.57%
75-6081 ALII DR #W204 Kailua Kona, HI Start each day with golden West Hawaii light streaming through vaulted ceilings, and end i...	2 beds \| 2 baths \| 780 sq.ft.	$459,500	Airbnb cash on cash: 1.29% Traditional cash on cash: 2.32% Airbnb Rental Income: $2766 Traditional Rental Income: $2556 Airbnb ROI: 1.29% Traditional ROI: 2.32%

Real Estate investment in Kailua-kona, HI

There are 205 properties for sale in the city of Kailua Kona . The median list price in Kailua Kona is $1,025,000 and the average price per square foot is $618. In July 2026, the average monthly cash on cash return in Kailua Kona is 1.00%. The average monthly rental income in Kailua Kona is $3,277.

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

There are 205 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

75-665 KULA KAI PL

Kailua Kona, HI

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

$2,574,999

Airbnb cash on cash: 0.92%

Traditional cash on cash: 0.48%

Airbnb Rental Income: $7198

Traditional Rental Income: $4763

Airbnb ROI: 0.92%

Traditional ROI: 0.48%

78-6800 ALII DR #2202

Kailua Kona, HI

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

$1,175,000

Airbnb cash on cash: -1.14%

Traditional cash on cash: -0.19%

Airbnb Rental Income: $2766

Traditional Rental Income: $3152

Airbnb ROI: -1.14%

Traditional ROI: -0.19%

78-6842 ALII DR #1201

Kailua Kona, HI

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

$695,000

Airbnb cash on cash: -2.26%

Traditional cash on cash: 0.32%

Airbnb Rental Income: $2766

Traditional Rental Income: $3786

Airbnb ROI: -2.26%

Traditional ROI: 0.32%

75-6040 ALII DR #108

Kailua Kona, HI

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

$2,299,000

Airbnb cash on cash: -1.91%

Traditional cash on cash: -1.38%

Airbnb Rental Income: $5348

Traditional Rental Income: $5387

Airbnb ROI: -1.91%

Traditional ROI: -1.38%

75-6040 ALII DR #504

Kailua Kona, HI

2 beds | 2 baths | 1,087 sq.ft.

$559,000

Airbnb cash on cash: -2.8%

Traditional cash on cash: -1.14%

Airbnb Rental Income: $2766

Traditional Rental Income: $2981

Airbnb ROI: -2.8%

Traditional ROI: -1.14%

75-6040 ALII DR #704

Kailua Kona, HI

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

$1,088,800

Airbnb cash on cash: -1.63%

Traditional cash on cash: -0.57%

Airbnb Rental Income: $2766

Traditional Rental Income: $3193

Airbnb ROI: -1.63%

Traditional ROI: -0.57%

78-7079 HOLUAKI LOOP

Kailua Kona, HI

3 beds | 3 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%

75-6082 ALII DR #B221

Kailua Kona, HI

1 beds | 1 baths | 736 sq.ft.

$475,000

Airbnb cash on cash: -2.02%

Traditional cash on cash: 0.38%

Airbnb Rental Income: $1611

Traditional Rental Income: $2222

Airbnb ROI: -2.02%