| Description | Set within a truly magical and serene setting, the property enjoys panoramic views of the majestic Ko'olau Mountains and 218' of canal frontage and direct access to the peaceful Maunawili Stream. “Kihapai Ohana” represents a rare Kailua development opportunity: a fully approved three-home Residential CPR situated on an approximately 15,008 sq. ft. fee-simple parcel in an established neighborhood. Build one large residence or take advantage of existing approval for three separate CPR dwellings, allowing immediate development potential, as the property has already been separated into three spatial units (1, 2, and 3), each offering roughly 5,000 sq. ft. of exclusive-use land—allowing buyers to focus on design and construction rather than entitlement hurdles. This entire parcel backs up against county land, allowing Units 2 & 3 to live much larger than their 5,000 sq. ft. entitlement suggests, providing an extraordinary sense of privacy and connection to nature. Unit 3 has a DPP APPROVED permit for a 1,607sq. ft. 4bd/2ba single level dwelling that takes full advantage of the 120' of canal frontage, with Ko'olau views from every bedroom. |
|---|---|
| Status | Sold since 06-01-2026 |
| MLS# | 202610600 |
| Price | $2,000,000 |
| Original Price | $2,000,000 |
| Price Change | (0.00%) |
| Land Sq Ft | 15,008 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 221 Kihapai Street Kailua HI 96734 |
| Region | Kailua |
| Neighborhood | Coconut Grove |
| Days on Market | 21 |
| View | Mountain, Other |
| Frontage | Preservation, Stream/Canal, Waterfront |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone AH |
| Elementary | Kailua |
| Middle | Kailua |
| High | Kalaheo |
| Tax Amount | $25 |
| Assessed Land | $83,300 |
| Assessed Total | $83,300 |
| Assessed Ratio | 2,401% |
| Utilities | Cable, Electricity, Overhead Electricity, Public Water, Sewer, Water |
| Lot Features | Clear |
| Disclosures | None, Property Disclosure Stmt, See Remarks |
| Land Recorded | Regular System |
| Sale Conditions | None |
| Topography | Level |
| Easements | Drainage, Driveway, Other |
| Parcel # | 1-4-3-059-088-0000 |
| Listing courtesy of | Hawaii Life |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-31-2026 | 202610600 | Sold | C | S | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 07-31-2026 | 202610600 | Active Under Contract | A | C | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 07-31-2026 | 202610600 | Back On Market | T | A | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 07-31-2026 | 202610600 | Hold | A | T | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 07-31-2026 | 202610600 | Back On Market | T | A | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 06-22-2026 | 202610600 | Hold | A | T | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 |
| 06-01-2026 | 202610600 | New Listing | A | $2,000,000 | $1,875,000 | $83,300 | $83,300 | $0 | |
| 06-01-2026 | 202528242 | Expired | A | X | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
| 04-21-2026 | 202528242 | Price Decrease | $2,095,000 | $2,000,000 | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
| 04-21-2026 | 202528242 | Back On Market | C | A | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
| 03-09-2026 | 202528242 | Active Under Contract | A | C | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
| 02-11-2026 | 202528242 | Price Decrease | $2,199,000 | $2,095,000 | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
| 01-12-2026 | 202528242 | New Listing | A | $2,000,000 | $0 | $83,300 | $83,300 | $0 |
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