Rare Coastal Valley Gem – Multi-Use Property with Income Potential! Located in one of Oahu’s largest coastal valleys, this stunning property offers breathtaking panoramic views of the Wai‘anae Mountain Range, mesmerizing sunsets, and access to some of the island’s best-kept beach secrets—just blocks away! Two Homes, Endless Possibilities! The main home features 4 bedrooms and 2 full bathrooms, while an additional single-family home offers 3+ bedrooms and 2+ bathrooms (not reflected in tax records). Perfect for multi-generational living or rental income! Event Space with Income Potential! This property also boasts a dedicated event space, complete with two fully permitted bathrooms and room for a commercial kitchen—ideal for weddings, retreats, and private events. Whether you’re looking to generate income or create your own dream venue, the opportunities are endless! With leased PV panels, stunning mountain views, and a spacious, versatile lot, this property is primed for development, CPR potential, or creating your dream home. Don’t miss this unique opportunity to own a multi-use property in paradise! Buyer to conduct due diligence on development and CPR options.
Active under contract
$1,399,000
85-538 Waianae Valley Rd, Waianae, HI 96792
6beds
3,312sqft
Est.:
Single Family Residence
Built in 1945
-- sqft lot
$1,371,000 Zestimate®
$422/sqft
$-- HOA
What's special
- 48 days
- on Zillow |
- 48 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 03, 2025 at 01:25pm
Listed by:
Maryssa A Briggs 808-953-0139,
eXp Realty
Source: HiCentral MLS,MLS#: 202507716

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Guest Quarters
Features
- Full Bath on Main Level
- Flooring: Laminate, Other, Vinyl
Interior area
- Total structure area: 3,312
- Total interior livable area: 3,312 sqft
Property
Parking
- Total spaces: 7
- Parking features: Boat, Carport, Driveway, Three or more Spaces
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Features: Cleared, Other, Level
- Topography: Level
Details
- Additional structures: Workshop
- Parcel number: 1850190530000
- Zoning description: 52 - AG-2 General Agricultural
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached,Multiplex
- Property subtype: Single Family Residence
Materials
- Double Wall, Masonry, Stucco
Condition
- Average Condition,Good Condition
- New construction: No
- Year built: 1945
- Major remodel year: 2024
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, Other, Water Available
Community & HOA
Community
- Features: Storage Facilities
- Subdivision: Waianae
Location
- Region: Waianae
Financial & listing details
- Price per square foot: $422/sqft
- Tax assessed value: $312,300
- Annual tax amount: $1,700
- Date on market: 3/26/2025
- Inclusions: AC Split, AC Window Unit, Ceiling Fan, Dryer, Other, Photovoltaic – Leased, Smoke Detector, Washer, Water Heater
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