3198 Wawae Rd, Kalaheo, HI 96741 (MLS # 710567)

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PRICE $2,550,000 dsIDX morgage calculator
BEDS 7
BATHS 5
HOME SIZE 2,400 sqft
LOT SIZE 15,159.00 ac

Income-Producing Property in Lawai Valley Estates - Seller Financing Available

Unique 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 rest"”or 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/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai

* Caretaker's Cottage + Half Garage Office/Storage - 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage

Financials:

Total Monthly Income: $14,100-$15,000
Seller Financing Terms:
10% Down ($255,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month

Additional 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 rate

Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.

DAYS ON MARKET 464 LAST UPDATED 2/20/2025
TRACT KALAHEO HOMESTEADS YEAR BUILT 1995
COUNTY Kauai STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Feb 20, '25 $2,700,000
Feb 20, '25 - Today $2,550,000


ADDITIONAL DETAILS
APPLIANCES Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
LOT 15159 acre(s)
PARKING Assigned
SEWER Cesspool, Septic Tank
SUBDIVISION KALAHEO HOMESTEADS
TAXES 3186.18
UTILITIES Electricity Available, Underground Utilities
VIEW Yes
VIEW DESCRIPTION Ocean, Forest, Garden, Mountain(s), Pasture
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

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Listed with eXp Realty
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 8/13/25 10:05 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.

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