Residential For Sale

This is a leasehold property. Tiki Ali‘i Retreat – Ali‘i Villas #216 Kailua-Kona, Hawai‘i – Big Island Leasehold | Active Short-Term Vacation Rental (STVR License Transferable) Own a slice of paradise at the popular oceanfront Ali‘i Villas in Kailua-Kona! Welcome to Unit #216, affectionately known as the Tiki Ali‘i Retreat – a busy, licensed vacation rental being sold turnkey furnished. This 1-bedroom, 1-bath walk-up condo is located on the quiet south side of the complex and features a relaxing garden view, perfect for enjoying Kona’s breathtaking sunsets. This is a leasehold property, with the current lease expiring in 2029. The fee is available for purchase as of June 2025 for $404, 000, with a $4, 000 monthly increase in price thereafter if not purchased by the seller or new owner. Lease fee purchase can be completed simultaneously with the condo purchase. Step into an open-concept living, kitchen, and dining area, where sliding doors open to a spacious lanai that welcomes ocean breezes and island vibes. Enjoy al fresco dining, morning coffee, or sunset cocktails on the private lanai. Features include: Full-size washer & dryer Updated ceiling fans Ample storage for beach gear Pet-friendly (one small dog or cat allowed w/ board approval) Fully licensed and transferable STVR – start earning income immediately Ali‘i Villas Amenities: Solar-heated saltwater pool Oceanfront BBQ area & sunset viewing deck Lush tropical landscaping Library & common areas Walking distance to restaurants, shops & activities in Kona town Monthly HOA Fees Include: Water, garbage collection, basic cable, internet, and exterior/common area maintenance. Don’t miss this rare opportunity to own a turnkey vacation rental or your own personal getaway along the famous Ali‘i Drive!