$4,200,000
SOLD OCT 11, 2024

5045 Kapiolani Loop Princeville, HI 96722

5 Beds
4.5 Baths
4,226 Sq Ft
0.37 Acres

Recently Sold

$994 Per Sq Ft

10% Below List Price

153 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • High Ceiling
  • Pool and Spa
  • Lanai
  • 3 Car Attached Garage

About This Home

As of October 2024

Referred to as Kapiolani Villa, this exceptionally well-appointed vacation rental is situated off of highly coveted Punahele Road and Kapiolani Loop; just two doors down from the world-famous Queen’s Bath trailhead in Princeville. This sophisticated, custom-designed executive residence spans over 4,200 square feet of living area, offering distant views of Namolokama Mountain, and lush tropical valley to Pacific Ocean horizon.

From the enchanting courtyard area, complete with a saltwater pool and spill-over hot tub, the residence features a multitude of separate living spaces for entertainment, hosting, and unwinding in secluded ambiance. Expansive covered lanais, lofty ceilings, a gourmet kitchen, and a game room equipped with a pool table and wet bar are some of our favorite attributes of this unique property. The layout offers privacy for each bedroom suite, complete with separate bathrooms, views of tropical florals, ocean horizon, deep beds, and furnishings that exude attention to detail and lavish comfort at each turn. A photovoltaic/solar electric system helps to offset the cost of amenities, the separate laundry/mudroom with tons of storage, and an expansive 966 sqft 3-car garage with custom-made garage doors are also notable highlights.

Located in Princeville, take advantage of nearby golf, tennis, shopping, and restaurants, walks to serene tucked-away beaches like “Hideaways”, and a short drive down to the abundant outdoor activities of Hanalei Bay.

Last Agent to Sell the Property

Wayne Richardson IV

COMPASS Brokerage Phone: 8086526086 License #RB-23012 Listed on: 03/23/2024

COMPASS

Last Buyer's Agent

Ben Welborn

Hawaii Life License #RB-19358

Hawaii Life

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,890

Year Built

  • Built in 2003

Lot Details

  • Property fronts a private road
  • Masonry wall
  • Landscaped
  • Gentle Sloping Lot
  • Property is zoned R-4

HOA Fees

  • $190 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Double Stud Wall

Interior Spaces

  • 4,226 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Blinds
  • Wood Flooring
  • Ocean Views

Kitchen

  • Indoor Grill
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Pool and Spa
  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Lanai

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Private Water Source
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 82
  • Assessor Parcel Number 4540080470000

Community Details

Overview

  • Princeville Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,890

Year Built

Built in 2003

Lot Details

0

HOA Fees

$190 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Masonry
  • ResoLotFeatures: Landscaped
  • ResoSecurityFeatures: Security Patrol
  • Attribution Contact: 8086526086
  • Co List Office Phone: 8006675028
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: PRINCEVILLE
  • Reso Interior Features: Enclosed Lanai, High Ceilings, Wet Bar
  • Unit Levels: Two
  • Living Area: 4226.0
  • Property Attached Yn: No
  • Reso Window Features: Blinds
  • Year Built: 2003
  • Tax Year: 2023
  • HIS_PoolYN: Yes
  • Unit Description: Single Family Home
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: County-Charge
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Indoor Grill, Microwave, Range, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Hardwood
  • Total Bathrooms: 4
  • Design: Double Wall, Wood Frame

Exterior Features

  • Topography: Gentle Slope
  • View: Ocean Horizon
  • Pool Features: Gunite, In Ground, Pool/Spa Combo
  • Waterfront: No
  • Roads: Paved, Private

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Attached

Utilities

  • Cooling: HIS Air Conditioning, Zoned
  • Heating: Zoned
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 189.84
  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: R-4
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4540080470000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 31890.36
  • Tax Lot: 82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
Oct 8, 2024
Sold by
20 West 3Rd Avenue Llc
Bought by
Tex & Neb Llc
Seller's Agent
Wayne Richardson IV
COMPASS
Buyer's Agent
Ben Welborn
Hawaii Life
List Price
$4,650,000
Sold Price
$4,200,000
Premium/Discount to List
-$450,000
-9.68%
Views
82
Current Estimated Value
$4,248,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,535
Avg. Annual Appreciation
-1.90%
Original Mortgage
$2,820,000
Outstanding Balance
$2,795,873
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,337,119

Purchase Details

Listed on
Nov 13, 2018
Closed on
Feb 13, 2019
Sold by
Princeville Lodging Llc
Bought by
20 W 3Rd Avenue Llc
Seller's Agent
Ruth Marvin
Corcoran Pacific Properties
Buyer's Agent
Wayne Richardson
KW Kauai
List Price
$3,170,000
Sold Price
$3,000,000
Premium/Discount to List
-$170,000
-5.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%

Purchase Details

Closed on
Jun 15, 2010
Sold by
Woods Michael W
Bought by
Princeville Lodging Llc

Purchase Details

Closed on
Apr 3, 2006
Sold by
Woods Michael W
Bought by
Woods Michael W and Michael W Woods Sr Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,110,100
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2006
Sold by
Bergener Russell B and Bergener Janell M
Bought by
Woods Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,110,100
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2002
Sold by
Exchange Accomodators Inc
Bought by
Bergener Russell B and Bergener Janell M

Purchase Details

Closed on
Jun 6, 2002
Sold by
Gillespie Val R and Gillespie Sandra B
Bought by
Exchange Accommodators Inc
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
Warranty Deed -- Tg
Warranty Deed $3,000,000 Tg
Warranty Deed $2,170,000 Or
Interfamily Deed Transfer -- Accommodation
Warranty Deed $2,813,500 Fhtc
Exchange Deed $300,000 --
Exchange Deed $235,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,820,000 New Conventional
Previous Owner $2,073,000 Unknown
Previous Owner $2,110,100 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Off Market $3,000,000 -- --
10/11/2024 10/11/24 Sold $4,200,000 -9.7% $994 / Sq Ft
05/14/2024 05/14/24 Off Market $4,650,000 -- --
05/08/2024 05/08/24 For Sale $4,650,000 0.0% $1,100 / Sq Ft
04/27/2024 04/27/24 Off Market $4,650,000 -- --
04/26/2024 04/26/24 For Sale $4,650,000 0.0% $1,100 / Sq Ft
04/16/2024 04/16/24 Off Market $4,650,000 -- --
04/06/2024 04/06/24 Off Market $4,650,000 -- --
04/06/2024 04/06/24 For Sale $4,650,000 0.0% $1,100 / Sq Ft
04/04/2024 04/04/24 Off Market $4,650,000 -- --
03/08/2024 03/08/24 For Sale $4,650,000 +55.0% $1,100 / Sq Ft
05/24/2019 05/24/19 Off Market $3,000,000 -- --
02/22/2019 02/22/19 Sold $3,000,000 -5.4% $710 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
11/13/2018 11/13/18 For Sale $3,170,000 -- $750 / 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 $44,830 $3,659,000 $1,511,300 $2,147,700
2024 $44,830 $3,803,700 $1,523,900 $2,279,800
2023 $31,890 $3,237,600 $1,278,800 $1,958,800
2022 $28,903 $2,934,300 $0 $0
2021 $29,153 $2,959,700 $0 $0
2020 $30,040 $3,049,700 $1,162,600 $1,887,100
2019 $30,040 $2,383,700 $976,500 $1,407,200
2018 $16,925 $2,187,300 $795,100 $1,392,200
2017 $16,925 $1,888,000 $742,100 $1,145,900
2016 $16,298 $1,817,200 $742,100 $1,075,100
2015 $7,304 $1,797,500 $0 $0
2014 $7,304 $1,912,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 708364

Hawaii Information Service (MLS Hawaii)

APN: 4-5-4-008-047-0000