3198 Wawae Rd, Kalaheo, HI 96741
Local realty services provided by:Better Homes and Gardens Real Estate Hank Correa Realty
3198 Wawae Rd,Kalaheo, HI 96741
$2,499,000
- 7 Beds
- 5 Baths
- 2,950 sq. ft.
- Multi-family
- Active
Listed by: jimmy johnson
Office: re/max kauai - princeville office
MLS#:729558
Source:HI_HIS
Price summary
- Price:$2,499,000
- Price per sq. ft.:$847.12
About this home
CASH-FLOW MULTI-UNIT PROPERTY. Ideally suited for multi-generational living, private retreat center, family compound, or as a cash-flow rental. Live in one and rent out the rest.
* SELLER FINANCING AVAILABLE *
Down Payment of 15% ($375,000).
Owner financing up to 5 years at only 4.75% interest.
$15,300 / month current total income. Rent roll available.
FOUR UNITS:
* MAKAPUNI – main house consists of a 4 bedroom / 2 bath with a staircase that leads to two half lofts and a mini office loft, as well as an enclosed lanai.
* OLUOLU – guesthouse is a 1bedroom / 1 bath that has its own private yard, private parking, and fireplace.
* UKULELE - caretakers cottage is a cozy and functional 1bedroom / 1 bath cottage with open lanai that overlooks the Lawai valley.
* HAUOLI - open floorplan studio with loft / half bath and outdoor shower with lanai and private courtyard.
* FLEX SPACE – converted garage that could be utilized as an office space, work out room, storage, or more.
Each unit has its own washer and dryer, privacy from the other units, and comes fully-furnished. A terrific turn-key situation that can start earning for you on the day of closing.
Perched on a cool and breezy Lawai hillside, this enchanting property was built with concrete and love. Meandering concrete paths lead to separate buildings, surprise spaces, fruit trees, and planted with exotic tropical foliage. You will know you are on the Garden Island.
Convenient Lawai location is a short drive away from the sunny beaches of Poipu, the necessities of Lihue, and the wonders of the Westside and Kokee....
Contact an agent
Home facts
- Year built:1992
- Listing ID #:729558
- Added:105 day(s) ago
- Updated:July 25, 2026 at 11:56 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:4
- Living area:2,950 sq. ft.
Structure and exterior
- Year built:1992
- Building area:2,950 sq. ft.
- Lot area:0.35 Acres
- Lot Features:Rim Lot, Wooded
Utilities
- Water:Public, Water Available
- Sewer:Cesspool, Septic Tank
Finances and disclosures
- Price:$2,499,000
- Price per sq. ft.:$847.12
- Tax amount:$3,118 (2025)
Parking
- Parking description:Unassigned
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