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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
    $341,200 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.
    41 days
    |
    5,458
    |
    186
    |

    Zillow last checked: 8 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

    Tour with a local agent

    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

    $341,200

    $324,000 - $358,000

    $2,766/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%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $1,562/mo
    Principal & interest
    $1357
    Home insurance
    $123
    Property taxes
    $82

      Climate risks

      Neighborhood: Honaunau

      Nearby schools

      GreatSchools rating

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