3198 Wawae Rd, Kalaheo, HI 96741
Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
3198 Wawae Rd,Kalaheo, HI 96741
$2,490,000
- 7 Beds
- 5 Baths
- 2,400 sq. ft.
- Multi-family
- Active
Listed by: david d ower8083461944
Office: exp realty
MLS#:710567
Source:HI_HIS
Price summary
- Price:$2,490,000
- Price per sq. ft.:$1,037.5
About this home
Income-Producing Property in Lawai Valley Estates – Seller Financing Available<br><br>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.<br><br>Units & Rents:<br><br>* Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace<br><br>* 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<br><br>* Studio Cottage – 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai<br><br>* 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<br><br>Financials:<br><br>Total Monthly Income: $14,100–$15,000<br>Seller Financing Terms:<br>10% Down ($249,000)<br>4.75% Interest<br>Up to 5-Year Term<br>Approx. P&I Payment: $11,971.81/month<br><br>Additional Info:<br><br>- Fully furnished<br>- Private courtyards and lanais<br>- Chimenea fireplaces in main units<br>- By appointment only – do not disturb tenants<br>- Property does not match county records – buyer to verify<br>- 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<br><br>Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
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Home facts
- Year built:1995
- Listing ID #:710567
- Added:563 day(s) ago
- Updated:November 22, 2025 at 12:28 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:3
- Living area:2,400 sq. ft.
Structure and exterior
- Year built:1995
- Building area:2,400 sq. ft.
- Lot area:0.35 Acres
Utilities
- Sewer:Cesspool, Septic Tank
Finances and disclosures
- Price:$2,490,000
- Price per sq. ft.:$1,037.5
- Tax amount:$3,186 (2023)
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