561 Kawainui Street #B, Kailua, HI 96734 (MLS # 202518717)
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Rare 2.75% VA Assumable Opportunity in Kailua! Fall in love w/ this beautifully renovated home featuring a flexible floor plan perfect for multi-generational living or rental income. Main home offers a large open kitchen/living area, 3 bedrooms / 1 bath, LVP flooring & vinyl windows throughout. Attached is a spacious 2 bedroom/1 bath unit w/ its own kitchenette, laundry room and private backyard - ideal as a rental, guest suite, or extended Ohana space. Every detail has been updated - the home underwent a complete renovation in 2021, including splits, flooring, kitchens, and baths, and a new roof was installed in 2023. A large enclosed workshop off the 2-car carport provides room for tools, surfboards, bikes & all your lifestyle gear. The location is hard to beat - a short stroll to shops, restaurants & a quick bike or walk to world-famous Kailua Beach. Don't miss your chance to secure this low 2.75% rate & enjoy the best of island living! PI pmt/mo is $5860 & current Gap is ~$281k. Secondary financing may reduce Gap to ~$160k. Recently producing $6,700/mo rental income, Open Sunday Sunday, Sep 14th 2-5pm.
DAYS ON MARKET | 7 | LAST UPDATED | 9/10/2025 |
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TRACT | COCONUT GROVE | YEAR BUILT | 1954 |
COMMUNITY | Kailua | COUNTY | Oahu |
STATUS | Active | PROPERTY TYPE(S) | Single Family |
Elementary School | Kailua |
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Jr. High School | Kailua |
High School | Kalaheo |
ADDITIONAL DETAILS | |
AREA | Kailua |
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CONSTRUCTION | Concrete |
LOT | 5004 acre(s) |
LOT DESCRIPTION | Cleared, Interior Lot, Level |
POOL DESCRIPTION | None |
STORIES | 1 |
STYLE | Detached |
SUBDIVISION | COCONUT GROVE |
TAXES | 3192 |
UTILITIES | Other, Water Available |
VIEW | Yes |
VIEW DESCRIPTION | Mountain(s) |
WATER | Public |
WATERFRONT DESCRIPTION | Other |
ZONING | 05 - R-5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Island Living Homes
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 9/16/25 11:21 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
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.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 9/16/25 11:21 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
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.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2025.