About 74-5042 Palani Rd
One large home split into (2) separate 3 bedrooms 2 bath living spaces or easily converted back to a large 6-bedroom, 4-bath single-family house. Completely renovated in 2021, this property will come with solid hosted vacation rental history and 4.9-star average Airbnb reviews. - Centrally located 5-minute drive to downtown Kona and beaches - 2024 gross- $60,500, 2025 Gross $53,700, 2026 current gross- $35,300 on front house ONLY. - Plenty of parking for 4 cars. 2 under the carport. Wide driveway to turn around before leaving the property. - Back Lanai has over 300 sqft. undercover with bbq area, extra seating, and optional lighting choices. - Front Lanai has over 400sqft and is covered by a louvered Pergola. A ceiling fan, USB ports, BBQ, and optional lighting make this a popular outside seating and dining area. - Fenced grassy yard complete with producing mango trees - Perfect 900ft elevation - Newer metal roof with special underlayment onto plywood with extra insulation and reflective heat barrier in attic keeps interior temps cool. - Over 2,000+ sqft of living area, plus 700 sqft of lanais, all on one level. No steps other than 5 leading to the backyard. Oversized lot for the neighborhood. - Seller-owned 36-panel photovoltaic system on NET metering. 10 years old with a 30-year warranty. Submeter for monitoring usage. - Brand new seamless gutters - 2 Large storage Sheds - Large walk-in tiled shower in back primary bedroom - 2 Primary bedrooms with private bathrooms - Low-maintenance granite and marble flooring - Massive back lanai perfect for morning coffee and enjoying your privacy - Rockwall and natural privacy fencing Buyer should independently research current and proposed STVR/TAR rules and regulations before purchasing
Features of 74-5042 Palani Rd
| MLS® # | 732389 |
|---|---|
| Price | $999,900 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,068 |
| Acres | 0.21 |
| Year Built | 1980 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active Under Contract |
Community Information
| Address | 74-5042 Palani Rd |
|---|---|
| Subdivision | KONA MACADAMIA ACRES |
| City | Kailua Kona |
| State | HI |
| Zip Code | 96740 |
Amenities
| Parking | Attached, Covered |
|---|---|
| View | Forest, Garden, Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Disposal, Dryer, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer |
|---|---|
| Cooling | Wall/Window Unit(s) |
Exterior
| Lot Description | Grassy |
|---|
Additional Information
| Date Listed | July 30th, 2026 |
|---|---|
| Days on Market | 10 |
| Zoning | RS-7.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | KW Big Island |
|---|