| Description | Don't miss the best value in Lanikai! Experience elevated island living in this fully renovated Lanikai retreat where luxury, privacy, and the natural beauty of Hawaii come together. Just 2 blocks from a secluded beach cove and a short paddle to the Mokulua Islands, this thoughtfully designed property captures the laid-back yet refined Lanikai lifestyle. Enter through a landscaped courtyard into a 3-bed, 3-bath main home featuring two spacious primary suites, customizable closets, and 1000+sf of open-air lanais that make indoor-outdoor living effortless. High ceilings, large sliding doors, hardwood floors, large-format tile, and custom cabinetry reflect quality at every turn. The kitchen features a generous island, sunlit dining nook, and designer finishes ideal for casual meals or entertaining. Surrounded by mature landscaping, the property offers room for a pool in either the front courtyard or the large, level backyard. A detached 1-bed, 1-bath suite with wet bar, laundry, and 1000+sf lanai above the 2-car garage offers versatility for guests or rental income—while preserving privacy for the main residence. This is a must-see property to truly appreciate the beauty and value. |
|---|---|
| Status | Active since 11-11-2025 |
| MLS# | 202525307 |
| Price | $4,150,000 |
| Original Price | $4,585,000 |
| Price Change | $-435,000 (-9.49%) |
| Beds / Baths / Half | 4 / 4 / 0 |
| Parking Spaces | 4 |
| Living Sq Ft | 2,667 |
| Land Sq Ft | 10,652 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 223 Lanipo Drive Kailua HI 96734 |
| Region | Kailua |
| Neighborhood | Lanikai |
| Days on Market | 320 |
| Year Built | 1947 |
| Year Remodeled | 2025 |
| Condition | Excellent,Above Average |
| View | Garden, Mountain, Ocean |
| Frontage | Other |
| Pool | None |
| Parking | 3 Car+, Driveway, Garage |
| Zoning | 03 - R10 - Residential District |
| Flood Zone | Zone X |
| Elementary | Kaohao |
| Middle | Kailua |
| High | Kalaheo |
| Tax Amount | $1,327 |
| Assessed Land | $1,528,300 |
| Assessed Building | $820,100 |
| Assessed Total | $2,348,400 |
| Assessed Ratio | 177% |
| Inclusions | AC Split, Auto Garage Door Opener, Ceiling Fan, Chandelier, Convection Oven, Dishwasher, Disposal, Dryer, Home Warranty, Lawn Sprinkler, Range Hood, Refrigerator, Security System, Smoke Detector, Washer, Water Heater |
| Amenities | Bedroom on 1st Floor, Full Bath on 1st Floor, Landscaped, Maids/Guest Qrters, Patio/Deck, Storage, Wall/Fence |
| Utilities | Cable, Connected, Internet, Overhead Electricity, Public Water, Sewer Fee |
| Construction | Double Wall, Slab, Wood Frame |
| Lot Features | Other |
| Flooring | Ceramic Tile, Hardwood |
| Disclosures | Property Disclosure Stmt |
| Furnished | Negotiable |
| Land Recorded | Land Court |
| Possession | 45 Days or Less, At Closing |
| Sale Conditions | None |
| Topography | Gentle Slope |
| Building Style | Detach Single Family, Multiple Dwellings |
| Roofing | Asphalt Shingle, Other |
| Easements | Other, Sewer |
| Parcel # | 1-4-3-003-019-0000 |
| Listing courtesy of | Compass |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-05-2026 | 202525307 | Price Decrease | $4,300,000 | $4,150,000 | $4,150,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 06-08-2026 | 202525307 | Back On Market | X | A | $4,150,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 06-01-2026 | 202525307 | Expired | A | X | $4,150,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 03-13-2026 | 202525307 | Price Decrease | $4,585,000 | $4,300,000 | $4,150,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 11-11-2025 | 202525307 | New Listing | A | $4,150,000 | $0 | $2,348,400 | $1,528,300 | $820,100 | |
| 11-11-2025 | 202514385 | Cancelled | A | W | $4,850,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 06-28-2025 | 202514385 | New Listing | CS | A | $4,850,000 | $0 | $2,348,400 | $1,528,300 | $820,100 |
| 04-19-2024 | 202319238 | Sold | C | S | $2,039,000 | $2,039,000 | $2,202,200 | $1,528,300 | $673,900 |
| 03-07-2024 | 202319238 | Active Under Contract | A | C | $2,039,000 | $2,039,000 | $2,202,200 | $1,528,300 | $673,900 |
| 01-11-2024 | 202319238 | Price Decrease | $2,095,000 | $2,039,000 | $2,039,000 | $2,039,000 | $2,202,200 | $1,528,300 | $673,900 |
| 10-26-2023 | 202319238 | Price Decrease | $2,175,000 | $2,095,000 | $2,039,000 | $2,039,000 | $2,202,200 | $1,528,300 | $673,900 |
| 08-12-2023 | 202319238 | New Listing | A | $2,039,000 | $2,039,000 | $2,202,200 | $1,528,300 | $673,900 | |
| 08-10-2023 | 202311806 | Cancelled | T | W | $2,175,000 | $0 | $2,202,200 | $1,528,300 | $673,900 |
| 07-27-2023 | 202311806 | Hold | CS | T | $2,175,000 | $0 | $2,202,200 | $1,528,300 | $673,900 |
| 01-01-2016 | 201512355 | Expired | A | X | $1,798,000 | $0 | $908,100 | $832,700 | $75,400 |
| 07-28-2015 | 201512355 | New Listing | A | $1,798,000 | $0 | $908,100 | $832,700 | $75,400 | |
| 06-24-2010 | 1004031 | Withdrawn | A | W | $1,348,000 | $0 | $1,190,600 | $1,123,300 | $67,300 |
| 03-26-2010 | 1004031 | New Listing | A | $1,348,000 | $0 | $1,190,600 | $1,123,300 | $67,300 | |
| 12-12-2006 | 2618233 | Sold | C | S | $1,195,000 | $1,000,000 | $1,266,700 | $940,900 | $325,800 |
| 10-19-2006 | 2618233 | Active Continue to Show | A | C | $1,195,000 | $1,000,000 | $1,266,700 | $940,900 | $325,800 |
| 10-03-2006 | 2618233 | New Listing | A | $1,195,000 | $1,000,000 | $1,266,700 | $940,900 | $325,800 |
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