NOT LISTED FOR SALE

1132 Mokulua Dr Kailua, HI 96734

Estimated Value: $4,027,490 - $5,643,000

2 Beds
1 Bath
720 Sq Ft
$6,662/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $4,100,000 $5,694 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $30,813/month

82 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 1-Story Property
  • Kailua Intermediate School Rated A-
  • Cottage
  • 4-minute walk to Lanikai Park

About This Home

As of March 2022

THIS IS A RARE OFFERING OF TWO ADJACENT BEACHFRONT HOMES: For the first time since 1986 The Cottage at Lanikai and its neighbor, Hale Lanikai, are being offered for sale. Purchase separately or together for an amazing 25,000 sf of beachfront land and 176 linear feet along the most treasured beach on the windward coast.

The Cottage at Lanikai (1132 Mokulua Dr) is a bright, clean 2 bedroom, 1 bath home on 13,000 sq ft fee simple land with an expansive 115 ft of ocean frontage. High ceilings and large grassy yard lend a vintage Lanikai vibe to the property which has become a favorite among long time repeat renters.

Last Agent to Sell the Property

Ann Kwock

Trinity Properties, LLC License #RB-16772 Listed on: 11/26/2021

Last Buyer's Agent

Ann Kwock

Trinity Properties, LLC License #RB-16772 Listed on: 11/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,160

Year Built

  • Built in 1976

Lot Details

  • 0.3 Acre Lot
  • Beach Front
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Parking

  • 2 Parking Spaces

Property Views

  • Ocean
  • Mountain

Home Design

  • Cottage
  • Wood Frame Construction

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Blinds

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Kailua Middle School
  • Kalaheo High School

Utilities

  • Sewer Tap Fee
  • Internet Available
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,160

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Architectural Style: 2 Bedroom Cottage
  • Inclusions: Blinds, Cable TV, Ceiling Fan
  • Property Sub Type: Single Family
  • Prop. Type: Single Family
  • Stories Type: One
  • Year Built: 1976
  • Year Renovated: 1976
  • Special Features: None
  • Stories: 1

Interior Features

  • Amenities: Bedroom on 1st Floor
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Vinyl, W/W Carpet
  • Furnished: Partial

Exterior Features

  • Construction Type: Above Ground, Wood Frame
  • Easements: Beach Access
  • Flood Zone: Zone AE
  • Lot Features: Clear
  • Pool Features: None
  • Property Condition: Average
  • Topography: Level
  • View: Mountain, Ocean, Sunrise

Garage/Parking

  • Parking Features: 2 Car
  • Total Parking Spaces: 2

Utilities

  • Utilities: Cable, Internet, Sewer Fee, Telephone, Water

Association/Amenities

  • AssociationFee2Includes: None

Schools

  • Middle School: Kailua
  • High School: Kalaheo
  • High School: Kalaheo
  • Middle Or Junior School: Kailua

Tax Info

  • Tax Annual Amount: 35160.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Mar 16, 2022
Sold by
Fay Burger Revocable Trust
Bought by
Hamlet Brian Joseph
Seller's Agent
Ann Kwock
Trinity Properties, LLC
Buyer's Agent
Ann Kwock
Trinity Properties, LLC
List Price
$4,100,000
Sold Price
$4,100,000
Total Days on Market
82
Current Estimated Value
$4,796,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,873
Avg. Annual Appreciation
5.00%
Original Mortgage
$2,665,000
Outstanding Balance
$2,498,050
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$2,298,823

Purchase Details

Closed on
Feb 14, 2019
Sold by
Burger Norman A and Burger Fay
Bought by
Burger Fay and Burger Norman A

Purchase Details

Closed on
Mar 19, 1998
Sold by
Burger Norman Arthur and Burger Norman A
Bought by
Burger Norman A and Burger Fay

Purchase Details

Closed on
Apr 2, 1997
Sold by
Corporate Computers Inc
Bought by
Burger Norman Arthur
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hamlet Brian Joseph $4,978,571 Title Guaranty & Escrow Servic
Hamlet Brian Joseph $4,978,571 Title Guaranty & Escrow Servic
Burger Fay -- Accommodation
Burger Fay -- Accommodation
Burger Norman A -- --
Burger Norman Arthur $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamlet Brian Joseph $2,665,000
Closed Hamlet Brian Joseph $2,665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $4,100,000 0.0% $5,694 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
11/26/2021 11/26/21 For Sale $4,100,000 -- $5,694 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,858 $4,855,600 $4,766,800 $88,800
2024 $47,858 $4,847,200 $4,766,800 $80,400
2023 $47,815 $4,843,400 $4,766,800 $76,600
2022 $39,499 $4,333,200 $4,145,000 $188,200
2021 $35,164 $3,920,400 $3,854,900 $65,500
2020 $39,212 $4,305,900 $4,227,900 $78,000
2019 $33,009 $4,143,600 $4,063,500 $80,100
2018 $33,009 $4,167,700 $4,160,300 $7,400
2017 $23,150 $3,858,300 $3,744,000 $114,300
2016 $22,048 $3,674,700 $3,600,000 $74,700
2015 $21,925 $3,654,100 $3,600,000 $54,100
2014 -- $2,573,700 $2,520,000 $53,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202129665

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-4-3-005-092-0000