Welcome to 47-351 Waihee Road – A Rare Investment & Lifestyle Opportunity in Serene Kane‘ohe
Tucked away in the peaceful Kahaluu community, this one-of-a-kind property presents incredible versatility for investors and those seeking a multigenerational living arrangement. Set on a generous lot surrounded by lush greenery, the property currently produces steady rental income through four distinct dwellings:
• Two 3-Bedroom, 2-Bath Cottages – Each equipped with owned photovoltaic (PV) systems to help lower utility expenses.
• One 1-Bedroom, 1-Bath Cottage – Perfect as a guest suite, home office, or additional rental.
• A Two-Story Farmhouse – Currently used as a chicken farm, with flexible options for future rental potential (note: non-conforming structure).
With convenient access directly off Waihee Road, the property offers a tranquil, mountain-facing setting while remaining just minutes from shopping, schools, and major roadways.
Whether you’re looking to expand your investment portfolio, establish a sustainable living retreat, or create space for extended family, this rare Kane‘ohe gem is an opportunity not to be missed.
Active
Price cut: $50K (12/12)
$2,550,000
47-351 Waihee Rd, Kaneohe, HI 96744
7beds
5,412sqft
Est.:
Single Family Residence
Built in 1938
-- sqft lot
$-- Zestimate®
$471/sqft
$-- HOA
What's special
Two-story farmhouseTranquil mountain-facing settingSurrounded by lush greeneryGenerous lot
- 280 days |
- 527 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 02:28pm
Listed by:
Michele K Atamian 808-485-0855,
Equity Properties, Inc.
Source: HiCentral MLS,MLS#: 202508113
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
Interior area
- Total structure area: 5,412
- Total interior livable area: 5,412 sqft
Property
Parking
- Total spaces: 8
- Parking features: Three or more Spaces
Features
- Levels: One,Two
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Features: Other
- Topography: Rolling,Sloping,Terraced
Details
- Parcel number: 1470330050000
- Zoning description: 56 - Country District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multiplex
- Property subtype: Single Family Residence
Materials
- Wood Frame
Condition
- Average Condition,Updated/Remodeled
- New construction: No
- Year built: 1938
- Major remodel year: 2024
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: High Speed Internet Available, Phone Available, Water Available
Community & HOA
Community
- Subdivision: Waihee
Location
- Region: Kaneohe
Financial & listing details
- Price per square foot: $471/sqft
- Tax assessed value: $1,213,100
- Annual tax amount: $4,248
- Date on market: 4/1/2025
- Inclusions: Cable TV, Ceiling Fan, Dishwasher, Disposal, Dryer, Photovoltaic - Owned, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater
Estimated market value
Not available
Estimated sales range
Not available
$7,330/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Price change | $2,550,000-1.9%$471/sqft |
Source:  HiCentral MLS #202508113 Report a problem | ||
| 8/24/2025 | Listed for sale | $2,600,000$480/sqft |
Source: HiCentral MLS #202508113 Report a problem | ||
| 7/30/2025 | Listing removed | $2,600,000$480/sqft |
Source: HiCentral MLS #202508113 Report a problem | ||
| 4/2/2025 | Listed for sale | $2,600,000$480/sqft |
Source: HiCentral MLS #202508113 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,793 +12.9% | $1,369,400 +12.9% |
| 2024 | $4,246 -24.4% | $1,213,100 -24.4% |
| 2023 | $5,615 +24.9% | $1,604,200 +24.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,376/mo
Principal & interest
$9888
Home insurance
$893
Property taxes
$595
Climate risks
Neighborhood: 96744
Nearby schools
GreatSchools rating
- 7/10Kahaluu Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 3/10Governor Samuel Wilder King Intermediate SchoolGrades: 7-8Distance: 3.5 mi
- 5/10Castle High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Kahaluu
- Middle: King
- High: Castle
Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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