3198 WAWAE RD, KALAHEO, HI 96741
3198 WAWAE RD., KALAHEO, HI 96741
Listing Provided by: eXp Realty
MLS #: 710567
MLS #: 710567
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 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/storageFinancials:Total Monthly Income: $14,100–$15,000Seller Financing Terms:10% Down ($255,000)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.
Property Details
Price: $2,550,000
Sold Price:
Address: 3198 WAWAE RD, KALAHEO, HI 96741
Ownership: CPR
Status: Active
Category: Residential Income
Type:
Sold Price:
Address: 3198 WAWAE RD, KALAHEO, HI 96741
Ownership: CPR
Status: Active
Category: Residential Income
Type:
Total Bedrooms: 7
Total Bathrooms: 5
Full Baths: 3
Living Area: 2,400 Square Feet
Listed by: eXp Realty
Year Built: 1995
Levels:
Year Built: 1995
Levels:
Features and Amenities
Interior Features:
Exterior Features:
View: Forest, Garden, Mountain(s), Ocean Horizon, Pasture
Pool:
Pool Features:
Appliances: Dishwasher, Dryer, Electric Cooktop, HIS Microwave Hood, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
Fireplace Features: Wood Burning
Flooring: Ceramic Tile, Hardwood, Slate
Security:
Laundry:
Fireplace Features: Wood Burning
Flooring: Ceramic Tile, Hardwood, Slate
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Assigned
Additional Structures:
Home Warranty:
Carport Spaces:
Parking Features: Assigned
Additional Structures:
Home Warranty:
Community Information
Project Name: C T CONDOMINIUM
Subdivision Name: KALAHEO HOMESTEADS
Association Fee: $0 Monthly
Subdivision Name: KALAHEO HOMESTEADS
Association Fee: $0 Monthly
Stories:
Year Established:
Year Established:
Lava Zone:
Flood Zone: X
Flood Zone: X
Land Information
Lot Size: 15,159 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features:
Frontage Type:
Roads: Paved
Roads Frontage Type:
Frontage Type:
Roads: Paved
Roads Frontage Type:
Zoning: A
Horse Amenities:
Horse Amenities:
Additional Details
Assessed Tax Value: $786,300
Annual Tax: $3,186
Tax Year: 2023
Tax Lot:
Tax Block:
Utilities: Electricity Available, Underground Utilities
Cooling:
Heating:
Sewer: Cesspool, Septic Tank
Water:
Solid Waste Disposal: County-Charge
Cooling:
Heating:
Sewer: Cesspool, Septic Tank
Water:
Solid Waste Disposal: County-Charge
First Listed May 7, 2024, 8:30 am
Last Updated July 17, 2025, 5:40 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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