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3198 Wawae Rd

Kalaheo, HI 96741
  • $2,490,000
  • STATUS: Active
  • ON SITE: 548 Days
  • MLS #: 710567
Price Reduced
UPDATED: 56 min ago
$2,490,000
  • 7
    BEDS
  • 0.35
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $1,038
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1995
Area:

School Ratings & Info

Description

Income-Producing Property in Lawai Valley Estates Seller Financing AvailableUnique 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 restor 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/BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai* Caretaker's Cottage + Half Garage Office/Storage 1BD/BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storageFinancials:Total Monthly Income: $14,100$15,000Seller Financing Terms:10% Down ($249,000)4.75% InterestUp to 5-Year TermApprox. P&I Payment: $11,971.81/monthAdditional 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 rateExcellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.

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© 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2025-11-07T15:35:30.927.
www.hawaiidreamrealty.com/homes/150286630
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3198 Wawae Rd Kalaheo, HI 96741

  • Price: $2,490,000
  • Status: Active
  • On Site: 548 Days
  • Updated: 56 min ago
  • MLS #: 710567
7
Beds
3
Baths
0
½ Baths
0.35
Acres
2,400
SQFT
$1,038
$/SQFT
1995
Built
Neighborhood:
Kalaheo Homesteads
Area:
Koloa
Property Description
Income-Producing Property in Lawai Valley Estates Seller Financing AvailableUnique 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 restor 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/BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai* Caretaker's Cottage + Half Garage Office/Storage 1BD/BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storageFinancials:Total Monthly Income: $14,100$15,000Seller Financing Terms:10% Down ($249,000)4.75% InterestUp to 5-Year TermApprox. P&I Payment: $11,971.81/monthAdditional 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 rateExcellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
Exterior Features

Carport Area Units Square Feet Exterior Area Units Square Feet Fencing MasonryWood Garage Area 832 Garage Area Units Square Feet Parking Features Assigned Pool YN No Roofed Area Units Square Feet Topography Terraced View ForestGardenMountain(s)Ocean HorizonPasture

Interior Features

Appliances DishwasherDryerElectric CooktopMicrowaveMicrowave HoodRangeRange HoodRefrigeratorWasherWasher/Dryer Stacked Bathrooms One Quarter 0 Bathrooms Three Quarter 2 Fireplace Features Wood Burning Flooring Ceramic TileHardwoodSlate Washer Dryer Type DryerStacked Washer/DryerWasher Water Heater Electric

Property Features

Association Fee 0 Association Fee Frequency Monthly Common Interest Condominium Elevation Units Feet Flood Zone X Land Tenure Fee Simple Listing Terms 1031 ExchangeCashContract Other Building Area Units Square Feet Ownership CPR Project C T CONDOMINIUM Property Sub Type Four Or More Units Roads Paved Sewer CesspoolSeptic Tank Solid Waste Disposal County-Charge Special Listing Conditions Fee SimpleStandard Structures YN No Tax Annual Amount 3186.18 Tax Key 424001077 Tax Year 2023 Total Monthly Fees 0 Utilities Electricity AvailableUnderground Utilities Waterfront YN No Zoning A

Listing information © 2025 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of eXp Realty.


© 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2025-11-07T15:35:30.927.
 
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