Owner financing available with $200k down, 7%, 3 years, with balloon payment. Discover the perfect blend of comfort, efficiency, and island charm in this fully permitted and fully furnished 2-bedroom, 2-bath home in the historic fishing village of Miloli‘i, Hawai‘i. Thoughtfully designed with modern conveniences and breathtaking ocean views, this property offers an ideal retreat for full-time living, vacationing, or investment.The home’s interior combines style with practicality, featuring stained concrete floors on the lower level and warm bamboo flooring upstairs. An open layout highlights the kitchen, complete with built-in cabinets, ample storage, and a passthrough window leading to the expansive upstairs lanai—perfect for entertaining while watching unforgettable sunsets over the Pacific. Both the upstairs and downstairs bedrooms are spacious with large closets, while the bathrooms feature modern touches including a bidet toilet. The remaining downstairs space includes a utility room and two "bedrooms" divided by a shoji screen wall. Accessibility is prioritized with a stair-lift chair for ease of movement between floors. Sustainability and low-maintenance living shine here, with a reliable photovoltaic system that keeps the average electric bill around \$30 per month. A huge solar water heater provides abundant hot water, and the 10,000-gallon catchment system with UV filtration ensures a dependable and clean water supply. After a day of exploring the Big Island, relax in your private jacuzzi while enjoying the cool ocean breeze and starlit skies.This property also includes the adjacent lot, TMK-3-8-8-6-97, featuring a 10' x 30' three-car garage/shed with plenty of room left over for a pool, additional storage, or even the construction of another home. With this added space, the possibilities for expansion and customization are endless. From its ocean views and energy-efficient systems to its thoughtful finishes and additional lot, this Miloli‘i gem!
For sale
$635,000
88-1543 Elima Ave, Captain Cook, HI 96704
2beds
1,536sqft
Est.:
Single Family Residence
Built in 2007
0.35 Acres Lot
$613,400 Zestimate®
$413/sqft
$275/mo HOA
What's special
Ocean viewsUtility roomWarm bamboo flooringOpen layoutBuilt-in cabinetsExpansive upstairs lanaiPrivate jacuzzi
- 113 days |
- 677 |
- 32 |
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 02:55am
Listed by:
Doug Powell 8083336230,
Hawaii Estates LLC,
Kendra Powell 808-345-2899,
Hawaii Estates LLC
Source: Hawaii Information Service,MLS#: 723633
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Has fireplace: No
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
Property
Parking
- Parking features: Covered
Features
- Has view: Yes
- View description: Coastline, Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.35 Acres
Details
- Parcel number: 3880060960000
- Zoning: A-5A
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 2007
Utilities & green energy
- Sewer: Septic Tank
- Water: Catchment
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: MILOLII BEACH LOTS SUBDIVISION
HOA
- Has HOA: Yes
- HOA fee: $275 monthly
Location
- Region: Captain Cook
Financial & listing details
- Price per square foot: $413/sqft
- Tax assessed value: $374,500
- Annual tax amount: $1,128
- Date on market: 8/29/2025
- Listing terms: 1031 Exchange,Cash,Contract,Conventional,Other,VA Loan
- Ownership: Full
- Electric utility on property: Yes
Estimated market value
$613,400
$583,000 - $644,000
$3,392/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Listed for sale | $635,000+76.9%$413/sqft |
Source: | ||
| 1/17/2020 | Listing removed | $359,000$234/sqft |
Source: eXp Realty #631336 Report a problem | ||
| 9/4/2019 | Price change | $359,000-2.7%$234/sqft |
Source: eXp Realty #631336 Report a problem | ||
| 8/7/2019 | Listed for sale | $369,000+36.7%$240/sqft |
Source: eXp Realty #631336 Report a problem | ||
| 4/3/2013 | Sold | $270,000-1.5%$176/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $374,500 +3% |
| 2024 | $1,106 +1.4% | $363,600 +3% |
| 2023 | $1,091 +1.8% | $353,000 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,645/mo
Principal & interest
$3005
HOA Fees
$275
Other costs
$365
Climate risks
Neighborhood: 96704
Nearby schools
GreatSchools rating
- 2/10Hookena Elementary SchoolGrades: PK-5Distance: 12.6 mi
- 1/10Ke Kula O EhunuikaimalinoGrades: PK-12Distance: 21 mi
- 4/10Konawaena High SchoolGrades: 9-12Distance: 21.1 mi
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