This is a leasehold property. The lease expires in 2029. The lease is available for purchase for $404,000 as of June, 2025 and can be completed in tandem with the purchase of the condominium. Lease purchase option increases $4,000 per month. Own your own piece of paradise in the Ali'i Villas Complex! Unit #219 is a walk-up unit located on the south side of the complex and offers a peek-a-boo ocean view. The unit is currently a short-term vacation rental and is being offered turnkey fully furnished (a few personal items will be removed) and ready to be used as an income producing property or as your own Kona escape. Enter the open concept living/ dining/ kitchen area and slide open the doors to allow the ocean breeze to flow in. The large lanai is perfect for dining alfresco, enjoying your morning coffee or your evening cocktails. The unit also offers plenty of storage for all of your beach and pool items as well as a full-size washer/dryer and new ceiling fans. The Ali'i Villas complex is conveniently located within walking distance to Kona Town where you will find restaurants, shopping, entertainment and activities. The complex onsite amenities include: -Solar-heated saltwater pool -Oceanfront BBQ deck -Library and common areas -Tropical landscaped grounds -Sunset viewing area This is also a pet friendly community; one small cat or dog is permitted with board approval. Maintenance fees include: Garbage collection, Basic Cable, Internet, Water and complex maintenance