Luxury Living Meets Unmatched Investment Opportunity at Ke Alohi Kai
We’re excited to share more about our newest listing in Ke Alohi Kai, an exclusive oceanfront community in Kailua-Kona!
Imagine waking up in a private, gated enclave where the sound of waves sets the rhythm of your days, and the ocean is just steps away. With only 17 homes, 77-212 Ke Alohi Kai offers tranquility and accessibility, making it a rare find on the Big Island. Even better? It’s designated within the coveted Resort Zone, meaning this home is not only a tropical sanctuary, but also a savvy investment opportunity.
Let’s take a closer look at what makes this property truly special.
1. Proven Income-Producing Vacation Rental House in Kona’s Oceanfront Resort Zone Gated Community – No STVR Restrictions!
This high-performing asset has consistently delivered strong financials:
2022: $295,342 gross revenue
→ NOI: $205,071 | CAP Rate: ~5%
2023: $336,045 gross revenue
→ NOI: $245,774 | CAP Rate: ~6%
2024: $275,422 gross revenue
→ NOI: $185,151 | CAP Rate: ~4.6%
2025 (Q1 only): $100,000 gross — a record-breaking start, signaling potential for the highest revenue year yet.
These figures are based on average operating expenses of $90,271/year (which may vary for a different owner and year), delivering real, verifiable cash flow. With upside in rates and bookings, this property presents a compelling CAP rate and long-term value.
2. Short Walk from Magic Sands Beach
Location is everything, and this home has it all. It’s located a short stroll away from Magic Sands Beach, one of Kona’s most popular beaches. Even better, Ke Alohi Kai offers private ocean access for residents. A short walk through a gated entry leads you to the water’s edge, where you can take in breathtaking sunsets with a glass of wine in hand. That’s Kona.
What you can do here is up to your imagination. Spend your mornings on the soft white sand, swim in the clear turquoise waters, or enjoy a sunset meal at Magics Beach Grill, a beloved oceanfront spot known for its locally sourced menu. Love beach volleyball? The court here is a local favorite—you might even spot me (Emil) and my son playing a game or two! Of course, always come say hi.
3. Private Luxury with Resort-Style Amenities
Finally, this luxury custom home offers the best of indoor-outdoor living.
- A zero-edge pool with a cascading waterfall and spa creates a private retreat in your backyard.
- Pocket sliding doors seamlessly connect the living spaces to the outdoors, inviting in gentle ocean breezes.
- The primary suite is a sanctuary with direct access to the pool, a spa-like ensuite, and lush tropical views.
- Each of the four bedrooms features a private lanai and an ensuite bath, offering guests their own personal oasis.
With recent upgrades—including a photovoltaic (PV) system and a new air conditioning system—the home combines modern sustainability with timeless elegance.
Take Advantage of this Rare Opportunity Now!
We feel Ke Alohi Kai offers everything a homeowner needs for their dream island life, and more! Whether you’re looking for a full-time residence, a vacation retreat, or a turnkey short-term rental investment, this property checks every box.
With its prime location in the Resort Zone, proximity to an amazing beach, and thoughtfully designed indoor-outdoor spaces, this is a rare opportunity to own in one of Kailua-Kona’s most exclusive enclaves.
LISTING INFORMATION: $3,995,000
Piqued your interest? Let’s connect to schedule a private tour.