Oceanfront. Permitted. Proven.
In the Kona luxury real estate market, any one of those attributes is notable. A property that delivers all three, at scale, in Keauhou, is the kind of opportunity that serious investors recognize immediately.
Kinohi at Heeia at 78-111-A Holua Road is listed at $4,450,000. It sits on a bluff above He’eia Bay with uninterrupted ocean views, a five-bedroom main residence, a separate permitted guest house accommodating up to 14 guests total, a resort-style pool and spa, and an active, transferable short-term vacation rental registration in a resort-zoned area with a multi-year track record of rental income.
For Buyers evaluating the investment landscape in the Kona luxury real estate market, this property warrants careful attention.
Why the Rental Permit Matters More Than It Used To
Short-term vacation rental permits in the Kona area have become an increasingly scarce and strategically valuable designation. Regulatory changes have made new permits significantly harder to obtain, and properties that already hold active registrations have absorbed corresponding value as a result.
Kinohi at Heeia’s registration is active and transferable, meaning a Buyer acquires the legal standing to continue generating rental income from day one of ownership, without navigating the permitting process from scratch. For an oceanfront compound capable of accommodating 14 guests, in one of the most sought-after coastal settings in Keauhou, that operational continuity is a material advantage.
The Keauhou Location Premium
Keauhou is one of the most desirable addresses in the Kona luxury real estate market. Established, private, and positioned directly on the water in South Kona, it attracts a consistent and high-quality rental guest profile. Properties in this area carry the location premium that comes with genuine oceanfront scarcity. There are very few true oceanfront estates at this scale in Keauhou. The supply is what it is. Explore the broader Kona communities context on Marco In Kona.
What a Prepared Buyer Considers
For Buyers evaluating Kinohi at Heeia as an investment, the most important due diligence steps include reviewing the existing rental income history, understanding the terms of the transferable registration, modeling carrying costs including the Hawaiʻi County property tax tier applicable to a $4,450,000 non-owner-occupied property, and assessing the conveyance tax and HARPTA implications at the relevant price point. Marco A. Silva can connect Buyers with the right professional advisors to work through each of these in detail.
To explore this listing and begin the investment due diligence conversation, contact Marco A. Silva directly.
Frequently Asked Questions: Kinohi at Heeia as an Investment Property
Does Kinohi at Heeia have a vacation rental permit?
Yes. The property carries an active, transferable short-term vacation rental registration in a resort-zoned area with a proven multi-year rental income track record. A Buyer acquires the ability to continue rental operations from day one of ownership.
How many guests can the property accommodate for rental purposes?
The compound accommodates up to 14 guests between the five-bedroom main residence and the separate permitted guest house, making it well-suited for group travel, multi-family bookings, and destination event rentals.
What carrying costs should an investor model for this property?
Buyers should model Hawaiʻi County property taxes at the applicable rate for a $4,450,000 non-owner-occupied property, including the proposed new third tier for properties over $4 million. Conveyance tax and HARPTA withholding implications at this price point are also relevant considerations. Marco A. Silva can connect Buyers with qualified Hawaii tax and legal advisors.
Why are short-term rental permits valuable in the Kona market?
Regulatory changes have made new short-term vacation rental permits significantly harder to obtain in the Kona and Keauhou area. Properties that already hold active registrations carry a premium because they allow Buyers to generate rental income immediately without the uncertainty of the permitting process.
How can I learn more about the rental history and income potential of this property?
Contact Marco A. Silva through marcoinkona.com/contact to discuss the rental income track record and arrange a private showing of the property.