Hualalai Terrace Subdivision Homes with Fee Simple Land tenure

Welcome to Hualalai Terrace Subdivision, a hidden gem nestled in the heart of Kailua Kona, Hawaii. This vibrant neighborhood offers a harmonious blend of natural beauty and community spirit, making it an ideal place to call home for families, retirees, and everyone in between.

Hualalai Terrace is known for its stunning views of the majestic Hualalai volcano and the sparkling Pacific Ocean, providing residents with a picturesque backdrop that changes with the seasons. The lush tropical landscaping and well-maintained streets create a welcoming atmosphere, inviting you to explore the area on foot or by bike. With a variety of parks and recreational facilities nearby, outdoor enthusiasts will find plenty of opportunities for hiking, biking, and enjoying the island's breathtaking scenery.

One of the standout features of Hualalai Terrace is the availability of homes with Fee Simple land tenure. This means homeowners enjoy full ownership of their property, providing peace of mind and stability in an ever-changing real estate market. The homes in this subdivision are designed with both comfort and style in mind, featuring open floor plans, modern amenities, and spacious outdoor areas perfect for entertaining or simply soaking in the Hawaiian sun.

As a resident of Hualalai Terrace, you'll also benefit from the close-knit community vibe, with friendly neighbors and local events that foster connection and camaraderie. Plus, with Kailua Kona's vibrant shopping, dining, and cultural scene just a stone's throw away, you'll have everything you need at your fingertips.

Discover the charm of Hualalai Terrace Subdivision, where island living meets a warm community spirit, and make it your next home in paradise!

Newest Hualalai Terrace Subdivision Homes with Fee Simple Land tenure

$1,479,000

5 Beds ⋅ 3 Baths ⋅ 732398 MLS ⋅ ['Fee Simple'] Tenure

Spacious Multi-Generational Home with Spectacular Views on huge 20,000 sf lot! Experience the best of island living in this private, versatile home featuring breathtaking panoramic views, exceptional energy efficiency, and flexible living spaces ideal for extended family or rental income potential. Located in the "Goldilocks" elevation of 1650 feet, you can forget about air conditioning, it's perfect! Upstairs: The main living area offers 3 bedrooms and 2 bathrooms, highlighted by an amazing lanai with unbelievable views. Enjoy new acacia wood flooring, new quartz kitchen and bathroom countertops, gorgeous solid wood crown molding, and new light fixtures and ceiling fan in the living and dining areas. The home is partially furnished. The kitchen features stainless steel appliances, including a dishwasher, wine cooler, refrigerator, oven/range, microwave, vent hood, and disposal. The home is equipped with a 44-panel Prepaid photovoltaic system with warranty and two new Tesla batteries, with a monthly payment of just $121, providing outstanding energy savings and peace of mind. Downstairs: With its own separate entrance, the lower level offers outstanding rental income or multi-generational living potential. It includes 2 large bedrooms, 1 bathroom, a kitchenette with dishwasher, microwave, refrigerator, beverage cooler, and disposal, beautiful acacia wood and VCT flooring, a spacious office or optional 6th bedroom, and a utility room with washer and dryer. Outdoor Features: The beautifully landscaped front yard is framed by stunning rock walls and is truly a gardener's dream. Enjoy relaxing or entertaining in the gazebo, with the added convenience of an additional storage shed. This exceptional property combines stunning views, quality upgrades, energy-efficient features, and flexible living options to create the perfect place to call home.

73-1412 Ili Ili Pl, KAILUA KONA

Listing courtesy of Hawaii Estates LLC.

$825,000

5 Beds ⋅ 3 Baths ⋅ 723525 MLS ⋅ ['Fee Simple'] Tenure

Excellent Opportunity to restore this Gem of a property in a Fine Kona Neighborhood. This 4 bedroom 2 bath home boasts a spacious 2296-sf floor plan with an adjoining 1 bedroom, 1 bath, cozy living area & kitchette, with its separate entry, which could ideally serve as a private mother-in-laws quarters, for visting guests or multi-generational family. This is a Probate Sale and the sale of the property may be subject to Court Approval. DEADLINE FOR ALL OFFERS SHALL BE AT 1:00 PM ON AUGUST 11, 2026

73-1403 Iliili Pl, KAILUA KONA

Listing courtesy of Iokua Real Estate.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.