| Description | Discover an exceptional opportunity on highly sought-after Wilhelmina Rise. Perched on a rim lot with unobstructed Diamond Head and coastline views, this expansive 12,000+ sq. ft. parcel offers endless potential for investors, builders, or homeowners looking to create something truly special. The property features a nearly completed CPR—already well underway and offering the ability to split and develop. In addition, plans are currently in review with the Department of Planning & Permitting to construct an additional single-family dwelling, giving you a head start on future development. Its prime location places you just minutes from Kahala Mall, Kaimuki’s restaurants, boutique shops, and nearby conveniences, offering both lifestyle and value in one of Honolulu’s most desirable neighborhoods. With breathtaking vistas, development flexibility, and a list price below tax-assessed value, this is a rare opportunity with unmatched potential. |
|---|---|
| Status | Sold since 11-17-2025 |
| MLS# | 202525217 |
| Price | $1,379,000 |
| Original Price | $1,424,000 |
| Price Change | $-45,000 (-3.16%) |
| Beds / Baths / Half | 3 / 2 / 0 |
| Parking Spaces | 2 |
| Living Sq Ft | 1,344 |
| Land Sq Ft | 12,593 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1729 Iwi Way Honolulu HI 96816 |
| Region | Diamond Head |
| Neighborhood | Wilhelmina |
| Days on Market | 58 |
| Year Built | 1949 |
| Year Remodeled | 2025 |
| Condition | Excellent |
| View | City, Diamond Head, Ocean |
| Frontage | Other |
| Pool | None |
| Parking | 2 Car, Carport, Driveway |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone X |
| Tax Amount | $418 |
| Assessed Land | $1,365,100 |
| Assessed Building | $66,500 |
| Assessed Total | $1,431,600 |
| Assessed Ratio | 96% |
| Inclusions | AC Split, Blinds, Cable TV, Ceiling Fan, Chandelier, Drapes, Range Hood, Range/Oven, Solar Heater, Washer |
| Amenities | Bedroom on 1st Floor, Full Bath on 1st Floor, Patio/Deck |
| Utilities | Cable, Connected, Overhead Electricity, Public Water, Sewer Fee |
| Construction | Double Wall |
| Lot Features | Rim Lot |
| Flooring | Ceramic Tile, Laminate, Vinyl |
| Disclosures | Property Disclosure Stmt, See Remarks |
| Land Recorded | Regular System |
| Possession | 45 Days or Less, At Closing |
| Sale Conditions | None |
| Topography | Down Slope, Gentle Slope |
| Building Style | Detach Single Family |
| Roofing | Asphalt Shingle |
| Easements | None |
| Security | Key |
| Parcel # | 1-3-3-018-057-0000 |
| Listing courtesy of | Real Broker |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 03-16-2026 | 202525217 | Sold | C | S | $1,379,000 | $1,300,000 | $1,431,600 | $1,365,100 | $66,500 |
| 01-14-2026 | 202525217 | Active Under Contract | A | C | $1,379,000 | $1,300,000 | $1,431,600 | $1,365,100 | $66,500 |
| 12-06-2025 | 202525217 | Price Decrease | $1,424,000 | $1,379,000 | $1,379,000 | $1,300,000 | $1,431,600 | $1,365,100 | $66,500 |
| 11-17-2025 | 202525217 | New Listing | A | $1,379,000 | $1,300,000 | $1,431,600 | $1,365,100 | $66,500 | |
| 10-30-2025 | 202518613 | Cancelled | A | W | $1,550,000 | $0 | $1,431,600 | $1,365,100 | $66,500 |
| 09-23-2025 | 202518613 | Back On Market | C | A | $1,550,000 | $0 | $1,431,600 | $1,365,100 | $66,500 |
| 09-15-2025 | 202518613 | Active Under Contract | A | C | $1,550,000 | $0 | $1,431,600 | $1,365,100 | $66,500 |
| 08-22-2025 | 202518613 | New Listing | A | $1,550,000 | $0 | $1,431,600 | $1,365,100 | $66,500 | |
| 09-22-2023 | 202314371 | Sold | C | S | $1,350,000 | $1,200,000 | $1,344,400 | $1,267,600 | $76,800 |
| 07-30-2023 | 202314371 | Active Under Contract | A | C | $1,350,000 | $1,200,000 | $1,344,400 | $1,267,600 | $76,800 |
| 07-07-2023 | 202314371 | Price Decrease | $1,499,000 | $1,350,000 | $1,350,000 | $1,200,000 | $1,344,400 | $1,267,600 | $76,800 |
| 06-24-2023 | 202314371 | New Listing | A | $1,350,000 | $1,200,000 | $1,344,400 | $1,267,600 | $76,800 | |
| 01-22-2001 | 2010564 | Temporarily Withdrawn | A | T | $449,000 | $0 | $353,300 | $339,400 | $13,900 |
| 10-26-2000 | 2010564 | New Listing | A | $449,000 | $0 | $353,300 | $339,400 | $13,900 |
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