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73-1218 MELOMELO ST Kailua Kona, HI 96740
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Key Details
Sold Price $1,180,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,157 sqft
Price per Sqft $547
Subdivision Kona Palisades
MLS Listing ID 731370
Sold Date 08/31/26
Bedrooms 4
Full Baths 3
HOA Fees $10/mo
HOA Y/N Yes
Year Built 1988
Annual Tax Amount $9,420
Tax Year 2025
Lot Size 10,000 Sqft
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 10000
Property Description
Rare Opportunity to acquire this highly desirable fully furnished home offering ocean, coastline, harbor, and sunset views along with an outstanding income-producing opportunity. Located on a quiet side street on Melomelo St. with virtually no road noise, this versatile property features two completely separate living spaces, making it ideal for extended family, multi-generational living, or exceptional long-term rental income.
Upper Level: The upper level showcases a 3-bedroom, 2-bathroom layout with an open-concept design filled with natural light, vaulted ceilings, and a spacious covered lanai perfectly positioned to capture Kona's incredible sunsets and ocean views. Zoned split A/C systems in all three bedrooms ensure cool, comfortable sleeping spaces.
Lower Level: The lower level is entirely self-contained and fully air-conditioned with its own split A/C units. This space functions as a separated 1-bedroom, 1-bathroom, & features its own private entrance, an expansive covered lanai, a full living area, and a highly functional kitchenette equipped with a refrigerator, dishwasher, and freestanding kitchen island. It also boasts a large, private flex room with its own split A/C and window: perfect for a home office, walk-in pantry/laundry room, or as you see fit!
A truly remarkable 4 bedroom, 3 bath home that's loaded with upgrades. 2 separate washer and dryer sets, new roof installed in 2023 & a spacious two-car garage. Outside, enjoy a fully fenced backyard with mature tropical landscaping, offering privacy and room to relax or entertain.
Properties with this level of versatility and proven performance are rarely available. With an amazing rental history, two independent living spaces, expansive lanais on both levels, & a prime location just minutes from beaches, shopping, dining, Kona Airport, & Honokōhau Harbor. An exceptional opportunity for both investors and owner-occupants seeking the very best of Kona living.
Location
State HI
County Hawaii Island (big Island)
Community Kona Palisades
Area Hi
Zoning A-5A
Region North Kona
City Region North Kona
Interior
Interior Features Enclosed Lanai, High Ceilings
Hot Water Electric
Heating Zoned
Cooling Air Conditioning, Zoned
Flooring Ceramic Tile, Resin Tile, Vinyl
Appliance Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Induction Cooktop, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
Exterior
Parking Features Attached, Covered
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
View Y/N Yes
Water Access Desc Public
View Coastline, Ocean, Ocean Horizon, Sunset
Topography Level
Garage No
Private Pool No
Building
Lot Description Grassy
Entry Level Two
Sewer Cesspool
Others
Ownership Full
Monthly Total Fees $10
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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