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For sale
  • Price cut: $25K (1/27)
    $350,000

    84-5125 Hawaii Belt Rd, Captain Cook, HI 96704

    3beds
    1,480sqft
    : 
    Single Family Residence
    Built in 1951
    1,525 Square Feet Lot
    $339,900 Zestimate®
    $236/sqft
    $-- HOA

    What's special

    Lovely ocean viewRefreshing breezesCharming custom-built cottageStunning kealakekua bay views
    This is a leasehold property.Charming Custom-Built Cottage with Stunning Kealakekua Bay Views. Vintage Island Charm in the heart of Honaunau Valley. Step back into the golden era of Hawaii living with this adorable 1969 Hawaiian Style home, nestled in the heart of the valley. This 3 bedroom 2.5 bath residence captures true island nostalgia, blending classic character with relaxed, livable comfort. Set on a small, low-maintenance lot, the home enjoys refreshing breezes and a lovely ocean view that reminds you just how close you are to the sea. The classic layout offers inviting living spaces, perfect for slow mornings, family gatherings, or sunset Pau Hana moments. Surrounded by lush valley greenery and rich cultural history, this property offers a rare chance to lease for half the price of fee simple where life moves a little slower and the Aloha spirit feels real! Whether you're dreaming a full-time island home or a peaceful retreat, this sweet vintage gem is ready to welcome you home. This is not for everyone but is inexpensive compared to fee simple homes in this area. It needs to be a cash purchase and expect a long escrow approx. 6 months.
    87 days
    |
    3,901
    |
    145
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 26, 2026 at 09:33am

    Listed by:

    Cindy N Griffey 8089373370,

    eXp Realty,

    Edward S Canas 808-435-8820,

    eXp Realty

    Source: Hawaii Information Service,MLS#: 726695MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Features
      • Flooring: Carpet, Ceramic Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 1,480
      • Total interior livable area: 1,480 sqft

      Property

      Parking
      • Parking features: Attached, Covered, Detached
      Features
      • Levels: Two
      • Has view: Yes
      • View description: Coastline, Mountain(s), Ocean, Ocean Horizon
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 1,525 Square Feet
      • Topography: Gentle Slope,Graded
      Details
      • Parcel number: 3840060450000
      • Zoning: A-1A
      • Special conditions: Leasehold,Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1951

      Utilities & green energy

      • Sewer: Cesspool
      • Utilities for property: Cable Available, Electricity Available, Phone Available

      Community & HOA

      Community
      • Subdivision: HONAUNAU - MIDDLE
      Location
      • Region: Captain Cook

      Financial & listing details

      • Price per square foot: $236/sqft
      • Tax assessed value: $241,500
      • Annual tax amount: $2,680
      • Date on market: 12/27/2025
      • Listing terms: 1031 Exchange,Cash
      • Ownership: Full
      • Electric utility on property: Yes
      • Road surface type: Major Thoroghfare, Paved
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        Estimated market value

        $339,900

        $323,000 - $357,000

        $3,506/mo

        Price history

        Price history
        DateEventPrice
        1/27/2026Price change$350,000-6.7%$236/sqft
        Source: Hawaii Information Service #726695 Report a problem
        12/27/2025Listed for sale$375,000$253/sqft
        Source: Hawaii Information Service #726695 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025-- $241,500 +3.1%
        2024$2,601 +6.7%$234,300 +6.7%
        2023$2,438 -9.4%$219,600 -9.4%
        2022$2,692 +13.8%$242,500 +13.8%
        2021$2,365 +3.7%$213,100 +3.7%
        2020$2,280 $205,400 +4.3%
        2019-- $197,000 +6.5%
        2018-- $185,000 +2.3%
        2017$1,492 $180,900 +12.2%
        2016-- $161,300 +10.7%
        2015-- $145,700 +0.6%
        2014-- $144,900

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $1,887/mo
        Principal & interest
        $1805
        Property taxes
        $82
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          Climate risks

          Neighborhood: Honaunau

          Getting around

          16 / 100
          Car-Dependent
          5 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 96704

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