#714575, Listing Office: Kohanaiki Realty LLC
78-6626 Alii Dr Kailua-Kona, HI 96740
Property details
About 78-6626 Alii Dr
Meticulously renovated in 2022 under the guidance of esteemed design professionals, Mele Kai or “Ocean Song”, stands as a remarkable oceanfront masterpiece seeking its discerning new owner. On track to operate at a 8.76% cap rate in its next year, this property offers the rare opportunity to either maintain its successful vacation rental status or utilize its coveted Bed and Breakfast license to establish a first of its kind, luxury boutique hotel on the Big Island.<br><br>Situated on two oceanfront parcels spanning 174’ of coastline, Mele Kai boasts direct access to tide pools, sandy beaches and the open ocean. Each individually rare, but an unparalleled combination along the Kona coast. <br><br>Luxury permeates every aspect of Mele Kai, from Bertazzoni appliances in the kitchen to custom La Cantina folding doors seamlessly blending indoor and outdoor spaces. Its interior design captures the essence of coastal living, with a serene palette echoing the Pacific's dynamic colors. <br><br>With each of the five bedrooms that open to the ocean, en-suite baths adorned with hand painted tiles and premium linens, guests are delivered a lavish retreat reminiscent of five star resorts. <br><br>Outdoor amenities include a redesigned lap pool, lava rock waterfall, BBQ and expansive covered lanai. A perfect setting to enjoy morning Kona coffee or to witness the elusive green flash sunset.<br><br>This property comes fully equipped for continued business success, including Bed and Breakfast license, property website, images, client databases and established relationships with travel partners and vendors.<br><br>Mele Kai will appeal to astute investors as well as those seeking refined luxury coupled with lucrative income potential. Representing an irresistible opportunity for those looking to enhance their portfolio with a truly exceptional asset, Mele Kai is the apex of vacation rental investment properties on the Kona Coast. <br><br>Offering Memorandum available by request.
Highlights
(Contingent)
Summary
- MLS Number: 708176
- Office Name: KW Big Island
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$4,995,000
78-6626 Alii Dr
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Price information
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Nearby schools
7
Kahakai Elementary School
Public District PK-5
4.2 mi
•76-147 Royal Poinciana Dr
7
Konawaena Elementary School
Public District PK-5
4.2 mi
•81-901 Onouli Rd
5
Holualoa Elementary School
Public District PK-5
4.3 mi
•76-5957 Mamalahoa Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,680. The majority of Kailua-Kona, HI residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 78-6626 Alii Dr
This home is located at 78-6626 Alii Dr in Kailua-Kona, HI and zip code 96740. This 2,758 square foot home was built in 1987. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $4,995,000.
The number of listings in Kailua-Kona, HI increased by 14.7% between January and February 2025. In February 2025 median list price was $1,057,200 and the average listing age was 207 days.