3198 Wawae Rd Kalaheo, HI 96741
Estimated payment $14,350/month
Highlights
- Ocean View
- Masonry wall
- Wood Burning Fireplace
- Wood Flooring
- Terraced Lot
- Stacked Washer and Dryer
About This Home
Income-Producing Property in Lawai Valley Estates – Seller Financing Available
Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest—or lease all for maximum income. Fully furnished and income ready.
Units & Rents:
* Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace
* Downstairs Main Home – 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard
* Studio Cottage – 1BD/3⁄4BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai
* Caretaker’s Cottage + Half Garage Office/Storage – 1BD/3⁄4BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage
Financials:
Total Monthly Income: $14,100–$15,000
Seller Financing Terms:
10% Down ($255,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month
Additional Info:
- Fully furnished
- Private courtyards and lanais
- Chimenea fireplaces in main units
- By appointment only – do not disturb tenants
- Property does not match county records – buyer to verify
- Seller requests leaseback of Caretaker’s Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate
Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
Listing Agent
eXp Realty Brokerage Phone: 8083461944 License #RS-80099 Listed on: 05/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,186
Year Built
- Built in 1995
Lot Details
- Masonry wall
- Wood Fence
- Terraced Lot
Parking
- Assigned Parking
Property Views
- Ocean
- Pasture
- Mountain
- Forest
- Garden
Interior Spaces
- 2,400 Sq Ft Home
- Wood Burning Fireplace
- Stacked Washer and Dryer
Kitchen
- Electric Cooktop
- Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Slate Flooring
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Utilities
- Underground Utilities
- Electric Water Heater
- Cesspool
- Septic Tank
Community Details
- C T Condominium Community
- Kalaheo Homesteads Subdivision
Listing and Financial Details
- Assessor Parcel Number 4240010770001
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,999 | $809,900 | $462,800 | $347,100 |
| 2024 | $2,999 | $786,300 | $437,400 | $348,900 |
| 2023 | $3,186 | $763,400 | $309,300 | $454,100 |
| 2022 | $3,175 | $741,200 | $0 | $0 |
| 2021 | $3,066 | $719,600 | $0 | $0 |
| 2020 | $2,960 | $698,600 | $279,800 | $418,800 |
| 2019 | $2,857 | $678,200 | $264,400 | $413,800 |
| 2018 | $2,757 | $498,400 | $251,100 | $247,300 |
| 2017 | $2,661 | $479,400 | $251,100 | $228,300 |
| 2016 | $2,585 | $464,300 | $251,100 | $213,200 |
| 2015 | $1,270 | $615,300 | $0 | $0 |
| 2014 | $2,799 | $615,300 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | Price Changed | $2,550,000 | -5.6% | $1,063 / Sq Ft |
| 11/23/2024 11/23/24 | For Sale | $2,700,000 | 0.0% | $1,125 / Sq Ft |
| 11/11/2024 11/11/24 | Off Market | $2,700,000 | -- | -- |
| 08/09/2024 08/09/24 | Price Changed | $2,700,000 | -5.3% | $1,125 / Sq Ft |
| 07/03/2024 07/03/24 | Price Changed | $2,850,000 | -5.0% | $1,188 / Sq Ft |
| 05/13/2024 05/13/24 | Off Market | $3,000,000 | -- | -- |
| 05/07/2024 05/07/24 | For Sale | $3,000,000 | +245.6% | $1,250 / Sq Ft |
| 02/14/2013 02/14/13 | Sold | $868,000 | -2.3% | $696 / Sq Ft |
| 12/21/2012 12/21/12 | Pending | -- | -- | -- |
| 12/03/2012 12/03/12 | For Sale | $888,000 | -- | $712 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 710567
APN: 4-2-4-001-077-0001
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