While it might sound nice to buy a home that is move-in ready and equipped with all the amenities needed and decor desired, such properties rarely come cheap. Many homes that are fully decked out were done so for a fraction of the price that you will pay to buy them in their new and updated state. Instead, look for a home you can buy for less that will sparkle like new after a few investments and a little elbow grease. There are many lovely pieces of Kona real estate that have been used as vacation rentals or second homes for years and are now up for grabs. While they might not be a little worse for the wear after a few years of neglect, the right homeowner will find that these project houses are worthy of investment.

75-5807 Nalukai Pl

Kailua View Estates Subdivision, Kailua Kona

This four bedroom, two bathroom house might need some TLC on the outside, but the inside needs few repairs and features an open floorplan that is truly the perfect space for a small family. A split level floor plan provides a lot of privacy upstairs in the bedrooms and an inviting environment downstairs that beckons for board games, movie nights, and intimate cocktail parties with friends and family.  With some new landscaping and a fresh coat of paint, this would be a perfect starter home. More photos here.

14-385 Papaya Farms Rd

Kapoho Papaya Farms / Pahoa / 96778

For those coming to Hawaii for a piece of island paradise that is secluded and off the beaten path, this Papaya Farms country house is a perfect place to get away from the masses. In the middle of a macadamia nut orchard, you will enjoy total privacy in this two bedroom, one bath property. While some of the interior decor may need a little updating, the home is already equipped with everything you need to run off the grid including a generator, 400-gallon water tanks for on-demand hot water, satellite, and a land line. View more photos here.

Hale Kai O Hualalai

Hienaloli 1st – Puaa 3rd / Kailua-kona / 96740

Located just minutes away from downtown Kona off Hualalai Road, this three bedroom, two bath home offers plenty of natural sunlight, an open living space, and a large lot full of a variety of tropical plants including aloe vera, pineapples, citrus, and banana trees. While the yard could use the love of someone with a green thumb and some of the furnishings could do with some TLC, this home comes with all the convenience of being located close to town has plenty of space for a growing family—or someone needs a few hobby rooms! More photos here.

68-1809 Uala St

Waikoloa Village / Waikoloa / 96738

Set far from the road with a large front yard, this three bedroom, two bathroom house has a lot of curb appeal. With the right assortment of tropical plants and flowers, this property has the potential to become somebody’s private, tropical oasis. The interior features an open floor plan which perfectly integrates the beauty of outdoor living with the comfort of the indoors. With tons of natural light and beautiful bamboo floors, this home incorporates Hawaii vibes with the comforts of a true home. View more photos here.

For the right project buyer, these properties will easily become a small slice of island paradise. If you have any questions about these or similar properties, please give us a call at (808) 217-8500 or email us here. We’re experts at finding the right home at the right price for you and your loved ones.

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