Nestled at the scenic intersection of Kawainui and Ka'elepulu Canals, this expansive legacy property spans over 16,600 sq ft and offers a rare opportunity to create a custom waterfront retreat. Whether you choose to renovate the existing structure or start anew, the unparalleled location is a waterman's dream. Paddle or boat from your new backyard to Kailua Beach or cruise to Buzz’s for sunset drinks and pupus—this is island living at its finest. Opportunities like this are scarce, making it an exceptional offering for builders, investors, or those seeking a truly special homesite. Photos are digitally staged and enhanced, sale may be subject to court approval.
Closed
$2,050,800
485 Wanaao Rd, Kailua, HI 96734
4beds
1,510sqft
Single Family Residence
Built in 1954
-- sqft lot
$2,337,100 Zestimate®
$1,358/sqft
$5,156 Estimated rent
Home value
$2,337,100
$2.06M - $2.69M
$5,156/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 08:12pm
Listed by:
Eric R Olson 808-389-8071,
Carvill Sotheby's Intl. Realty
Bought with:
Sasha R Mason, RB-24153
Corcoran Pacific Properties
Source: HiCentral MLS,MLS#: 202511374
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Ceramic Tile, Laminate
Interior area
- Total structure area: 3,046
- Total interior livable area: 1,510 sqft
Property
Parking
- Total spaces: 4
- Parking features: Boat, Driveway, Garage, Three or more Spaces, On Street
- Has garage: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Frontage type: Canal
Lot
- Features: Cleared, Corner Lot, Level
- Topography: Level
Details
- Parcel number: 1420190480000
- Zoning description: 03 - R10 - Residential District
- Special conditions: None,Probate Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Materials
- Double Wall, Wood Frame
- Foundation: Slab
Condition
- Repairs Major
- New construction: No
- Year built: 1954
Utilities & green energy
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, Other, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Key Card Entry
Location
- Region: Kailua
- Subdivision: Kailua Estates
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $2,050,800+2.8%$1,358/sqft |
Source:  HiCentral MLS #202511374 Report a problem | ||
| 5/20/2025 | Contingent | $1,995,000$1,321/sqft |
Source: HiCentral MLS #202511374 Report a problem | ||
| 5/5/2025 | Listed for sale | $1,995,000+2393.8%$1,321/sqft |
Source: HiCentral MLS #202511374 Report a problem | ||
| 1/8/2020 | Sold | $80,000-81.6%$53/sqft |
Source: Public Record Report a problem | ||
| 12/23/2003 | Sold | $435,000$288/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,438 -54.5% | $2,285,100 +9.7% |
| 2024 | $16,343 +152.1% | $2,082,700 +6.7% |
| 2023 | $6,483 +8.3% | $1,952,300 +7.9% |
Find assessor info on the county website
Neighborhood: 96734
Nearby schools
GreatSchools rating
- 2/10Kailua Elementary SchoolGrades: PK-6Distance: 0.8 mi
- 7/10Kailua Intermediate SchoolGrades: 7-8Distance: 0.6 mi
- 10/10Kalaheo High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Kailua
- Middle: Kailua
- High: Kalaheo
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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$2,337,100
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+$46,742
With Zillow Showcase(estimated)
$2,383,842
- Hawaii
- Honolulu County
- Kailua
- 96734
- 485 Wanaao Rd