Calmness and serenity located in the Lawai Valley Estates with 4 income producing units on one lot. Live in one unit and rent the others, the possibilities are endless! Property Highlights: * Upstairs Main Home * 1 Bed / 1 Full Bath - $2,850 / month, tenant pays additional 30% of monthly electric bill - Private yard and parking - Chimenea fireplace in living room * Downstairs Main Home * 4 Bed / 2 Full Baths - $5,400 / month, tenants pay additional 40% of monthly electric bill - Attached garage with access to half - Staircase leading to two half lofts - Enclosed lanai with chimenea fireplace - Private courtyard * Private Cottage Studio * 1 Bed / 1 (3Qrt) Bath - $2,700 / month, tenant pays additional 20% of monthly electric bill - Located on the back left side of property - Open floorplan with ladder to bedroom loft - Private lanai with outdoor shower with private courtyard * Caretakers Cottage * 1 Bed / 1 (3Qrt) Bath - $1950/ month, tenant pays additional 10% of monthly electric bill - Located on the back right side of the property - Screened in covered lanai overlooking the valley * 2nd half of Garage - Office Space or Storage Space * - $900 / month - Private entrance on back side - Possible use as extra storage, office space, or gym. > SELLER FINANCING AVAILABLE < Incredible opportunity with attractive seller financing with down payment of 10%. Please inquire for more information! > Sold fully furnished. > By appointment only, please do not drive by or disturb tenants. > Seller would like new owner to consider up to a 2-year lease back for Caretakers Cottage and 2nd half of garage at $2,850 / month plus 10% of electricity. Seller could also help manage property and collect rents for reduced lease. > Property does not accurately match county records. Currently used as a non-conforming use rental property. Buyer to do their own due diligence.
For sale
Price cut: $150K (2/20)
$2,550,000
3198 Wawae Rd, Kalaheo, HI 96741
7beds
2,400sqft
Est.:
Multi Family
Built in 2002
-- sqft lot
$-- Zestimate®
$1,063/sqft
$-- HOA
What's special
- 353 days
- on Zillow |
- 285 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: February 20, 2025 at 08:26am
Listed by:
David Ower 8083461944,
eXp Realty
Source: Hawaii Information Service,MLS#: 710567

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 3
- 3/4 bathrooms: 2
Appliances
- Included: Dishwasher, Electric Cooktop, Microwave Hood, Microwave, Refrigerator, Range/Oven, Range Hood, Dryer, Washer/Dryer Stacked, Washer
Features
- Flooring: Ceramic Tile, Hardwood, Slate
- Windows: Curtains
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Parking features: Assigned
- Details: Garage Square Footage (832)
Features
- Fencing: Stucco/masonry,Wood
- Has view: Yes
- View description: Forest, Garden, Pasture, Ocean Horizon, Mountain(s)
- Has water view: Yes
- Water view: Ocean Horizon
Lot
- Size: 0.35 Acres
- Topography: Terraced
Details
- Parcel number: 4240010770001
- Zoning: A
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2002
Details
- Builder model: C T Condominium
Utilities & green energy
- Sewer: Septic Tank, Cesspool
- Water: Meter Installed
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Kalaheo Homesteads
Location
- Region: Kalaheo
Financial & listing details
- Price per square foot: $1,063/sqft
- Tax assessed value: $786,300
- Annual tax amount: $3,186
- Price range: $2.7M - $2.6M
- Date on market: 5/2/2024
- Listing terms: 1031 Exchange,Cash,Agreement of Sale
- Ownership: CPR,
- Electric utility on property: Yes
- Road surface type: Paved
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