You’ve been searching the Big Island for an investment that truly makes sense. The dream is simple—steady income, reliable tenants, and a property that holds its value over time. But as the numbers come together, one line keeps eating away at the bottom line: high HOA dues.
That’s when you come across a property in Waikoloa Village that changes the math.
Discovering Makana Kai
Makana Kai is one of those rare finds the monthly homeowners dues are among the most affordable in Waikoloa Village, while the community feels welcoming and well-maintained. Palm trees frame the pathways, neighbors stop to chat, and evenings often end with a sky streaked in pink and gold.
For an investor, the savings on monthly fees translate directly into higher net income. For a tenant, it means a comfortable home with no transient accommodations allowed so a quitter community and an extra perk, the community allows dogs!
Life in Waikoloa Village
Every property owner and renter in the community belongs to the Waikoloa Village Association (WVA), which unlocks access to community amenities that add a lifestyle value tenant.
Picture this: a Saturday morning round of golf on a Robert Trent Jones Jr.–18-hole designed course, afternoons swimming laps in the community pool, and evenings spent playing pickleball or tennis under the warm island sky. These experiences aren’t reserved for luxury resorts—they come built into everyday life in Waikoloa Village.
As an investor, offering tenants not just a home but a lifestyle makes your property more desirable and keeps demand strong.
Why Long-Term Rentals Make Sense
Hawaii’s recent tax changes add another layer of opportunity. Long-term rentals (6+month rentals) now qualify for lower property tax rates compared to short-term vacation rentals. That shift rewards owners who provide housing for the local community. You can learn more about the property and the discounts available at: https://hawaiipropertytax.com/rental-programs/ or read their PDF which explains the property in depth: https://hawaiipropertytax.com/wp-content/uploads/sites/114/2025/07/Long-Term-Rental-Program-Information.pdf
The Tax Advantage
Here’s where it all comes together. Short-term vacation rentals face higher property tax rates, but long-term rentals enjoy lower rates. When you pair that tax advantage with Makana Kai’s affordable HOA dues, you create an investment that pencils out better than most.
It’s not just about numbers on a page—it’s about peace of mind. Steady income, fewer turnovers, and a property that fits into the fabric of the community.
Putting It All Together
Waikoloa Village offers a unique mix: affordable dues, resort-style amenities, favorable tax treatment, and strong demand for long-term rentals. It’s easy to imagine both the lifestyle and the investment opportunity.
For the right investor, this isn’t just a unit in a complex. It’s a chance to create income while being part of Hawaii’s story—supporting the community, enjoying the lifestyle, and securing a property that feels as good as it performs.
