5979 Heamoi Place Unit 2 Kapaa, HI 96746
Wailua-Kauai NeighborhoodEstimated Value: $907,223 - $1,247,000
1
Bed
1
Bath
560
Sq Ft
$1,860/Sq Ft
Est. Value
Highlights
- Mountain View
- Stone Wall
- Grass Covered Lot
- 1-Story Property
- Level Lot
About This Home
As of June 2019In the morning shadow of the legendary Nou Nou Mountain, amidst rainbows and waterfalls in the pastoral Wailua Valley, this private country home offers the feel of old Hawaii. It's central location is perfect for exploring the spectacular garden isle of Kauai. First time on the market since being built, this quaint cottage is a successful and legal vacation rental with 21 years of success. Have you been wanting an affordable turnkey, successful vacation rental on the Garden Island without paying the high condo maintenance fees This rare offering provides a well-cared for and maintained cottage, over 1,000 square feet under roof PLUS a solid 21 yr. old business with repeat guests. The "Sleeping Giant Cottage" is even mentioned in the book "Lonely Planet".
This cottage is spacious and private with three large lanais totaling 800 sq.ft. With a queen sofa bed and airbeds, some guests rest on the lanai where it feels like you are "sleeping under the trees". Kids love it! As it is a little cooler next to the mountains, you are sure to spend time relaxing on the lanai. The cottage is surrounded by a beautiful lush yard with a wonderful variety of tropical flowers. You'll appreciate the giant monkey pod tree, the large traveler palms, and the cacao trees. An outdoor shower helps rinse yourselves off when returning from the beach. Unit is fully stocked with beach supplies! For those who seek ultimate privacy and comfort, this is the perfect choice.
Enjoy the beautiful sounds of the birds that are all around. The trail to Nou Nou mountain, aka "Sleeping Giant", is just a block away. Within a 10 minute drive you can hit the beach, catch a wave, kayak a tropical river, hike the rainforest, climb a mountain, explore historic sites, water ski, hit a golf ball, bird watch, play tennis or pickleball, horseback ride, mountain bike... whew! Or relax, sleep late, and awake to a symphony of birds in a lush tropical setting at the Sleeping Giant Cottage!
Last Agent to Sell the Property
eXp Realty Brokerage Phone: 8083467095 License #RB-20918 Listed on: 08/29/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,969
Year Built
- Built in 1988
Lot Details
- Property fronts a county road
- Stone Wall
- Level Lot
- Cleared Lot
- Grass Covered Lot
- Property is zoned R-2
Home Design
- Wood Frame Construction
- Double Stud Wall
Interior Spaces
- 560 Sq Ft Home
- 1-Story Property
- Blinds
- Laminate Flooring
- Mountain Views
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Utilities
- No Cooling
- No Heating
- Cesspool
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Kamalu Heamoi Community
- Kapaa Homesteads 2Nd Series Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 4440110090002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2017
Closed on
Jun 16, 2019
Sold by
Wanek Richard W
Bought by
Dhar Rohin Razdan and Ruettinger Michelle
Seller's Agent
Ronnie Margolis
eXp Realty
Buyer's Agent
Rick Shaw
Coldwell Banker Island Properties - Kauai
List Price
$689,000
Sold Price
$590,000
Premium/Discount to List
-$99,000
-14.37%
Total Days on Market
591
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,556
Avg. Annual Appreciation
9.99%
Original Mortgage
$460,000
Outstanding Balance
$407,787
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$633,769
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dhar Rohin Razdan | $590,000 | Tg |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dhar Rohin Razdan | $460,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | Off Market | $590,000 | -- | -- |
| 09/18/2019 09/18/19 | Off Market | $590,000 | -- | -- |
| 06/20/2019 06/20/19 | Sold | $590,000 | -14.4% | $1,054 / Sq Ft |
| 04/12/2019 04/12/19 | Pending | -- | -- | -- |
| 08/29/2017 08/29/17 | For Sale | $689,000 | -- | $1,230 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
Tax History Compared to Growth
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 | $7,181 | $621,100 | $415,700 | $205,400 |
| 2024 | $7,181 | $635,500 | $415,700 | $219,800 |
| 2023 | $4,273 | $537,900 | $347,400 | $190,500 |
| 2022 | $4,273 | $433,800 | $0 | $0 |
| 2021 | $4,875 | $494,900 | $0 | $0 |
| 2020 | $4,411 | $447,800 | $252,700 | $195,100 |
| 2019 | $4,411 | $489,400 | $252,700 | $236,700 |
| 2018 | $2,969 | $368,400 | $252,700 | $115,700 |
| 2017 | $2,969 | $335,500 | $231,600 | $103,900 |
| 2016 | $2,950 | $333,300 | $231,600 | $101,700 |
| 2015 | $1,660 | $375,200 | $0 | $0 |
| 2014 | $1,526 | $337,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ronnie Margolis
Seller's Agent in 2019
Ronnie Margolis
eXp Realty
(808) 346-7095
17 in this area
57 Total Sales
-
Rick Shaw
R
Buyer's Agent in 2019
Rick Shaw
Coldwell Banker Island Properties - Kauai
(808) 639-0774
1 in this area
17 Total Sales
Map
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 610028
APN: 4-4-4-011-009-0002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 MLS Hawaii, Inc. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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