Kanaloa: An Investor’s Guide to One of The Big Island’s Crowning Coastal Communities
The Big Island of Hawai’i holds an irresistible allure for investors seeking exceptional opportunities in the vacation rental market. Information detailed in our Hawaii Vacation Rental Property Statement of Facts & Trends Report. When it comes to the Big Island, location is of paramount importance, particularly along the island’s coveted western shoreline. Amidst this vibrant coastline, Kanaloa at Kona stands out as a prime contender among gated communities. Boasting an unmatched position just south of Kailua-Kona, Kanaloa exudes an authentic old-Hawaii charm further complemented by its distinct floor plans and favorable vacation rental policies. These and many more features discussed in this article make it an exceptional choice in one of the Big Island’s most sought-after destinations.
Nestled along the rugged Keauhou coast, Kanaloa captures the hearts of those seeking a retreat that harkens back to old Hawaii. Its location between the notable Kona Country Club and picturesque Heeia Bay, with the captivating waters of Keauhou Bay just a stone’s throw away, makes it one of the most well-positioned properties in the Keauhou area. Perched on the water’s edge, the complex offers sweeping views and access to miles of coastal trails, a perfect setting for leisurely walks and memorable whale watching adventures.
The property prioritizes safety and peace of mind with both a secure gated entrance and 24-hour guard stand. In a region where many gated communities enforce strict minimum 30-day rental policies, Kanaloa stands apart by offering flexibility for owners to set up shorter-term rentals. In fact, the resort-minded private community holds a remarkable reputation for advantageous short-term rental opportunities.
Kanaloa is renowned for its impressive trio of outdoor pools, including a breathtaking oceanfront pool with the mesmerizing sight of the ocean visible even before stepping foot into the pool area. Adjacent to the pools are covered and shaded kitchen areas that provide a relaxing environment for outdoor gatherings. Just beyond the ocean front pool lies the majestic lava rock formations fronting the ocean, creating a truly awe-inspiring backdrop to view sunsets.
For golf enthusiasts, proximity to the newly renovated Kona Country Club makes Kanaloa a golfer’s paradise. Tennis players will also be delighted by the three on-site tennis courts. And while the property itself does not feature a gym, nearby Kailua-Kona town provides a selection of fitness centers and exercise studios, ensuring ample options for active lifestyles.
Water lovers will appreciate the easy access to Keauhou Bay where snorkeling, kayaking, and paddle boarding adventures await. In addition, the property is a short distance from Ali’i Drive which holds many surfing spots and beaches that are staples within the island’s vibrant water sports culture.
Keauhou’s enviable location directly south of Kailua-Kona is considered a hidden gem in its own right. Just up the road from the property is access to shopping, dining, and entertainment. The recently renovated Keauhou Shopping Center stands as a bustling hub for the community, hosting a weekly farmers market with fresh produce, local goods, and cultural programs. The shopping center also offers a variety of dining establishments, a movie theater, shops for retail therapy, grocery stores for daily essentials, and public restrooms for added convenience.
Additionally, Ho’oulu Community Farmers Market & Artisans Fair at the Keauhou Outrigger showcases handmade crafts and locally grown foods to the backdrop of live music on select days, further adding to the vibrant atmosphere throughout Keauhou.
The Kanaloa complex encompasses an expansive 16 acres of lush vegetation, including plants, grass, and swaying palms, imbued with the ambiance of an all-inclusive resort. Originally built in 1980, Kanaloa offers a charming glimpse into the essence of old Hawaii while incorporating modern updates across its 37 buildings and 166 units. Many units have undergone recent renovations with state of the art updates. It’s worth noting that units closer to the ocean are more likely to have undergone such renovations. However, this rule does not apply to all properties, presenting an ideal opportunity for prospective buyers to design their modern dream space.
Within the estate’s 166 units, a significant portion, 75 units, are dedicated to investors, highlighting the community’s substantial investment potential. Additionally, 12 units serve as primary homes, catering to those seeking a permanent residence on the island. The layout of the three-story buildings ensures low density, with each building housing only 4-6 units, fostering a sense of privacy. The units themselves vary in size and style, ranging from one to two stories, with some featuring lofts. The floor plans across the property are varied, reflecting the era in which the buildings were originally constructed. For instance, some units showcase rare Koa wood kitchen cabinetry, serving as a testament to the historical significance of the property’s construction period.
One common concern for property investors is parking availability, but at Kanaloa, this is never an issue. Every unit has its own covered parking space, quite a rarity on the islands. Furthermore, ample guest parking is available to accommodate visitors. To address storage needs, additional hidden storage spaces can be found in the carport area, offering a practical solution for storing personal belongings.
Kanaloa strikes a harmonious balance for investors and part-time residents. Half of the units are dedicated to vacation rentals while the other half exude a welcoming second-home ambiance. What makes this property truly unique is the sense of community that emerges over time. There is not only the pleasure of seeing familiar faces and returning neighbors year after year but also the excitement of meeting newcomers at any given moment.
Homeowners’ Association fees typically range from $1500 to $1700, ensuring the smooth operation and maintenance of the property’s shared amenities and common areas. Basic cable, internet, pest control, water, sewer and trash services are all included in HOA fees.
Castle Resorts serves as the on-site property management company at Kanaloa. However, owners have the flexibility to select a different management company or self-manage their units. Those who wish to offer their unit as a vacation rental have the option to list their property on Castle’s website or set up their own arrangements through rental platforms.
The Big Island is brimming with profitable prospects for real estate investors. To obtain comprehensive knowledge about this unique island and discover our top three recommendations for attractive vacation rentals, consult our Big Island Overview article.
If you’re interested in investing in Kanaloa at Kona, we suggest consulting a Realtor who possesses extensive knowledge of the Big Island’s luxury vacation rental market. Inquire to learn more about active and potential units for sale at Waikoloa Beach Villas here.The Hawai’i Life team who specialize in Kanaloa at Keauhou investment properties and are well-equipped to help you navigate your options. A commitment in providing clients with the necessary support to ensure well-informed choices.