Big Island Homes with Preservation Frontage

Welcome to the enchanting Big Island of Hawaii, where natural beauty and rich culture converge to create a paradise unlike any other. Nestled in the heart of the island, Kamuela offers a unique blend of lush landscapes, stunning ocean views, and a tranquil atmosphere that captivates residents and visitors alike.

Kamuela, located in Hawaii County, is renowned for its breathtaking vistas and vibrant community. This charming town is not only home to picturesque ranches and rolling hills but also boasts a mild climate that allows for year-round outdoor activities. Whether you enjoy hiking through the lush forests, exploring pristine beaches, or indulging in local cuisine at the farmer’s markets, Kamuela has something for everyone.

One of the most appealing aspects of living in this idyllic region is the availability of homes with preservation frontage. These properties are designed to maintain the beauty of the surrounding environment while providing residents with breathtaking views and a sense of serenity. Imagine waking up each day to the gentle sounds of nature, with the stunning backdrop of the Big Island’s diverse landscapes right outside your window.

Living in a home with preservation frontage means you can enjoy the tranquility of your surroundings, knowing that the natural beauty will remain protected for generations to come. It's more than just a home; it’s an investment in a lifestyle that cherishes sustainability and harmony with nature.

Discover the magic of Kamuela on the Big Island, where your dream home awaits amidst the splendor of Hawaii’s pristine landscapes. Embrace the opportunity to live in a place that values both comfort and conservation, and let the beauty of the island inspire your everyday life.

Newest Big Island Homes with Preservation Frontage

$8,875,000

202609233 MLS ⋅ FS - Fee Simple Tenure ⋅ 124 DOM

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1

75-5749 Alahou Street, Kailua Kona

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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.