The other reviewers have covered this place well, but one more doesn't hurt! This unit has great amenities (a built in wine refrigerator?!), and interior quality (better than in the dated photos, there are big flat screen TVs now), as well as nice touches, like water bottles and coffee. Big Island restaurant quality is poor, so you'll want to take advantage of that gourmet kitchen, with more knives, pots, kitchen gadgets and utensils than you'll ever need.
The complex itself has 3 pools, a shared lounge area, tennis courts with racquets if you'd like to play, and plenty of gas grills. The location is perfect - 5 minutes from a big shopping center with everything you could need, including a great grocery store (though you might want to drive a couple more miles north to Target to save $ on some items). It's also 5 minutes from Kahalu’u Beach Park, with some of the best snorkelling on the island (great spot for beginners). Just a few miles from many great coffee farms (don't miss the Heavenly Hawaii Farms coffee tour), and 10 minutes from from the main town, Kailua-Kona. Did you know King Kamehameha III was born just around the corner? See if you can find his birthplace.
Service is also great, with Elite Pacific properties quickly dealing with a minor issue we had. Whether you get it here, or from Elite directly, Unit 701 at Kanaloa is sure to please!