Tucked away in the quiet back corner of the desirable Malia Kai complex, this Kona condo offers a great mix of privacy, modern upgrades, and vacation rental potential with an active STVR permit already in place. With no neighbors above or below and only one shared wall, the unit has a peaceful feel that's hard to find this close to town. Recent updates throughout the condo include: Flooring Paint Artwork Ceiling fans Lighting fixtures Switches Baseboards and trim Updated kitchen cabinetry Quartz counters Premium appliances New bathroom vanities Shower tile Toilets and fixtures High vaulted ceilings on the top floor create an open and airy island feel throughout the space. The current layout is configured as a one bedroom, but it can easily be converted back to the original two bedroom design, offering flexibility for either full-time living or vacation rental use. Two private lanais add to the indoor-outdoor feel of the space and provide plenty of room to relax outside. The condo is fully equipped with a washer and dryer located off the private carport, along with ample storage space. The active Short-Term Vacation Rental permit creates immediate rental opportunities for either personal use or investment potential. Malia Kai is a gated boutique complex with only 20 units, featuring a swimming pool, BBQ area with grills, and lush tropical landscaping. Located in the heart of Kailua-Kona, this condo offers the convenience of being close to town while still feeling tucked away and private. Ocean access nearby and much of town within walking distance make it easy to enjoy the Kona lifestyle full time or as a vacation rental.