$435,000
SOLD FEB 28, 2025

440 Aleka Place Unit 159 Kapaa, HI 96746

Wailua-Kauai Neighborhood
-- Bed
1 Bath
372 Sq Ft
$1,043/mo HOA Fee

Recently Sold

$1,169 Per Sq Ft

3% Below List Price

130 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • 1-Story Property
  • Ocean View
  • Security Guard
  • Carpet

About This Home

As of February 2025

This clean ground-floor unit in the Moloka'i building on the oceanfront side of the property is the perfect blend of accessibility, convenience, and tranquility. From the lanai, you can enjoy the soothing trade winds, beautiful ocean views, sounds of the waves, and garden views. There is a peek of ocean view from inside the unit. Exiting your front door or the rear lanai onto the grass, you'll find the beach, Coconut Marketplace, Lava Lava Beach Club, the lobby, parking, coffee shops, restaurants, and the pool area just seconds away. The first-floor location is ideal for guests who don't want to deal with stairs and want direct access to the grass and beach.

Islander on the Beach is a favorite among vacationers, ensuring strong rental performance. Financing is available. You can self-manage the rentals, continue with Aston's on-site management services, or choose a rental company that suits your needs. With its prime location, beautiful views, and nearby amenities, this unit (and property) is a great place to stay and a promising investment. Financial history for this unit and other financials (using alternative management) are available.

The maintenance fee covers water, electricity, trash, cable, sewer, and exterior upkeep of the buildings, grounds, and pool. It's hassle-free living at its best!

This unit is an active vacation rental, so showings are subject to vacancy. However, a detailed walkthrough video is available.

Last Agent to Sell the Property

CJ Halladay

COMPASS Brokerage Phone: 8086520746 License #RB-18908 Listed on: 09/27/2024

COMPASS

Last Buyer's Agent

CJ Halladay

COMPASS Brokerage Phone: 8086520746 License #RB-18908 Listed on: 09/27/2024

COMPASS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,297

Year Built

  • Built in 1970

HOA Fees

  • $1,043 Monthly HOA Fees

Parking

  • Unassigned Parking

Property Views

  • Ocean
  • Mountain

Interior Spaces

  • 1 Full Bathroom
  • 372 Sq Ft Home
  • 1-Story Property
  • Carpet

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Additional Features

  • In Ground Pool
  • Beach Front

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4430020130158
  • $334 Monthly special tax assessment

Community Details

Overview

  • Islander On The Beach Community
  • Wailua Beach Subdivision

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,297

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,043 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Road Frontage Type: HIS Almost Oceanfront, HIS Rocky Beach, HIS Sandy Beach
  • ResoSecurityFeatures: Security Patrol
  • Attribution Contact: 8086520746
  • Co List Office Phone: 8089131548
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: WAILUA BEACH
  • Living Area: 372.0
  • Property Attached Yn: Yes
  • Year Built: 1970
  • Tax Year: 2024
  • HIS_PoolYN: Yes
  • Unit Description: Single Level
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_SpecialAssessmentAmount: 334
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • HIS_SpecialAssessmentRemarks: A special assessment of $2006.00 was imposed to cover the increase in insurance premiums. The last payment is due April 2025. The seller will pay the assessment at closing.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Flooring: Carpet
  • Total Bathrooms: 1

Exterior Features

  • View: Mountain(s), Ocean
  • Pool Features: In Ground
  • Waterfront: No
  • Roads: Paved

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1043.0
  • Association Fee Frequency: Monthly
  • Project: ISLANDER ON THE BEACH

Lot Info

  • Zoning: RR-20
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4430020130158
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5296.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Feb 26, 2025
Sold by
James A And Liane E Cismowski Trust and Cismowski James A
Bought by
Bwa Enterprises Llc
Seller's Agent
CJ Halladay
COMPASS
Buyer's Agent
CJ Halladay
COMPASS
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%
Total Days on Market
130
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%
Original Mortgage
$85,000
Outstanding Balance
$84,861
Interest Rate
7.04%
Mortgage Type
Seller Take Back
Estimated Equity
$366,001

Purchase Details

Closed on
Aug 15, 2018
Sold by
Cismowski James Alan and Cismowski Liane Etsuyo
Bought by
Cismowski James A and Cismowski Liane E

Purchase Details

Listed on
Jul 7, 2015
Closed on
Sep 23, 2015
Sold by
Stander Mark Jerold and Stander Luann Netti
Bought by
Cismowski James Alan and Cismowski Liane Etsuyo
Seller's Agent
Robb Wall
Reside Kauai, LLC
Buyer's Agent
Robb Wall
Reside Kauai, LLC
List Price
$189,000
Sold Price
$165,000
Premium/Discount to List
-$24,000
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%

Purchase Details

Closed on
Mar 20, 2005
Sold by
Old Island Llc
Bought by
Stander Mark Jerold and Stander Luann Netti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Exchange Deed -- Old Republic Title
Interfamily Deed Transfer -- None Available
Deed $165,000 Or
Limited Warranty Deed $295,000 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,000 Seller Take Back
Closed $98,000 New Conventional
Previous Owner $206,500 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $435,000 -3.1% $1,169 / Sq Ft
01/29/2025 01/29/25 Price Changed $449,000 0.0% $1,207 / Sq Ft
01/29/2025 01/29/25 For Sale $449,000 -2.2% $1,207 / Sq Ft
01/16/2025 01/16/25 Off Market $459,000 -- --
11/01/2024 11/01/24 Price Changed $459,000 -2.3% $1,234 / Sq Ft
09/27/2024 09/27/24 For Sale $470,000 +184.8% $1,263 / Sq Ft
10/01/2015 10/01/15 Sold $165,000 -12.7% $444 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $189,000 -- $508 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $5,297 $495,500 $28,700 $466,800
2024 $5,297 $450,800 $28,700 $422,100
2023 $4,915 $453,000 $28,700 $424,300
2022 $2,876 $265,100 $0 $0
2021 $2,583 $238,100 $0 $0
2020 $3,021 $278,400 $28,700 $249,700
2019 $2,565 $236,400 $0 $236,400
2018 $1,938 $178,600 $0 $178,600
2017 $1,741 $160,500 $0 $160,500
2016 $1,638 $151,000 $0 $151,000
2015 $685 $154,900 $0 $0
2014 $679 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 714486

Hawaii Information Service (MLS Hawaii)

APN: 4-4-3-002-013-0158