This is a leasehold property. Welcome to Kona Makai 2-101, a beautifully updated 2-bedroom, 2-bath ground-floor corner residence offering approximately 1,041 sq. ft. of comfortable island living just moments from the ocean. **Offered turnkey and fully furnished**, this successful vacation rental combines a highly desirable location, flexible floor plan, ocean views, split-system air conditioning, and convenient no-stairs access. The unit underwent extensive updates in 2024, including new A/C mini-splits, refreshed kitchen cabinetry, new backsplash and floating shelves, new living room and kitchen flooring, updated paint and wall coverings, new fixtures and lighting, new furniture and dcor, custom headboards, and a new television in the primary bedroom. Kona Makai 2-101 offers an established short-term vacation rental history and is being sold **turnkey and fully furnished**, creating an attractive opportunity for a buyer seeking a second home, island getaway, or investment property. Successful vacation rental in 2025 with additional rental activity continuing through 2026. Future reservations are already scheduled from September through spring, providing potential continuity for a buyer interested in vacation-rental use, subject to applicable rules, permits, booking-platform requirements, and reservation-transfer arrangements. An especially notable feature is the opportunity to convert the property from leasehold to fee simple. The Kona Makai AOAO has acquired the leased-fee interests for the condominium project and established a program allowing individual unit owners to purchase their proportionate fee interest. Buyers should review the current fee-conversion documents, pricing, deadlines, financing terms, and closing costs as part of their due diligence. Established vacation rental with a potential path to fee-simple ownership.