This is a leasehold property. Located close to shopping, beaches, and businesses, this freshly painted, furnished space is easy living and ready for a new owner. Kona Kai allows pets with approval from the HOA, as well as short-term rentals. This makes this complex a favorite of full-time residents and visitors. There is a pool and a coin-operated laundry center for all owners and guests to enjoy. One assigned parking space is included.
OFFERS MUST BE CASH due to the leasehold status.
The leasehold payments are shown monthly at $323 and are paid every six months to the Queen Liliuokalani Trust. The $508 AOAO dues are collected monthly by Associa on behalf of the Kona Kai AOAO. Fees include pool and common area maintenance, gas for cooking and hot water, water heaters, exterior maintenance, landscaping, common area insurance, rubbish removal, and quarterly pest control.
The current lease is set to expire at the end of 2034. This is the second 30-year lease term. The next renegotiation is in 2029.
This condo is owner-occupied; please allow some notice for showings.