75-5492 Kona Bay Dr, KAILUA KONA, HI 96740

Property Description

Rare opportunity to own an oceanfront residence with an active Short-Term Vacation Rental (STVR) permit in Kona Bay Estates. The resort node designation offers excellent vacation rental income potential, making the property ideal for investors or those seeking a luxury oceanfront retreat with income-producing opportunities. This Hawaiian Plantation-style 4-bedroom, 4.5-bath home combines luxury, privacy, and a central location with daily views of marine life, cruise ships, and year-round sunsets. The Great Room features soaring ceilings and sweeping ocean views, opening to a wraparound lanai ideal for dining, lounging, and entertaining. The kitchen offers a granite island with prep sink, gas stove, walk-in pantry, generous counter space, and ocean vistas. An adjacent media room provides additional entertainment space. The main-level primary suite opens to the lanai and features an ensuite with dual vanities, jetted tub, shower, and walk-in closet. Upstairs, three bedroom suites each offer private ensuite baths, along with an open library and sitting area. Recent upgrades include refinished wood floors and ceilings, fresh interior and exterior paint, a new AC system, and numerous improvements throughout. Kona Bay Estates offers 24/7 on-site security and encompasses the beloved Keiki Pond beach and historic King Kamehameha estate. Dining, shopping, beaches, and public recreation facilities, including a gym, pool, and tennis courts, are conveniently located just beyond the gates. With an active STVR permit, prestigious oceanfront location, and spacious accommodations, this property offers a rare opportunity to enjoy luxury Kona living as a private retreat, investment property, or combination of both.