Keller WIlliams Luxury Logo

3198 WAWAE RD, KALAHEO, HI 96741

3198 WAWAE RD., KALAHEO, HI 96741

Listing Provided by: eXp Realty
MLS #: 710567
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo
Property photo

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:

Total Bedrooms: 7
Total Bathrooms: 5
Full Baths: 3
Living Area: 2,400 Square Feet

Listed by: eXp Realty
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:
Garage Spaces:
Carport Spaces:
Parking Features: Assigned
Additional Structures:
Home Warranty:

Community Information

Project Name: C T CONDOMINIUM
Subdivision Name: KALAHEO HOMESTEADS
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone:
Flood Zone: X

Land Information

Lot Size: 15,159 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features:
Frontage Type:
Roads: Paved
Roads Frontage Type:
Zoning: A
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

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:

© 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. IDX and Information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service.

Call Now