| Description | Incredible opportunity to own a spacious 2-story home in Kailua! Call your contractor and get ready to customize your future home. Priced well below tax assessed value, this home is awaiting a makeover to bring it back to life. Completely rebuilt in 1991 integrated with rental spaces. Main floor: 3 bedrooms/2 bathrooms with a partially covered lanai; 1st flr interior needs a complete renovation. 2nd floor: 3 bedrooms/2 bathrooms, separate entrances on each side, dedicated laundry area and open floor plan which can easily be converted to partition a studio to increase rental possibilities. In 2019, both bathrooms were completely renovated. Currently tenant occupied til Jan 10, 2025. Some simple landscaping can transform the level yard where a mature avocado tree sits. The carport boasts large storage closets easily accommodating 2 covered parking + 3 more in the driveway and a boat. Perfect for multi-generational families or a single family seeking built-in rental capability. Ride your bicycle or take a stroll down the road to Kailua town. Kalama Beach park is a short 4 min drive, with Kailua and Lanikai Beaches just a few minutes down the coastline. |
|---|---|
| Status | Sold since 12-18-2024 |
| MLS# | 202428293 |
| Price | $1,350,000 |
| Original Price | $1,350,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 6 / 4 / 0 |
| Parking Spaces | 4 |
| Living Sq Ft | 2,896 |
| Land Sq Ft | 6,664 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 232-A Kihapai Street Kailua HI 96734 |
| Region | Kailua |
| Neighborhood | Coconut Grove |
| Days on Market | 1 |
| Year Built | 1950 |
| Year Remodeled | 1991 |
| Condition | Average,Fair |
| View | None |
| Frontage | Other |
| Pool | None |
| Parking | 3 Car+, Boat, Carport, Driveway, Street |
| Zoning | 05 - R-5 Residential District |
| Flood Zone | Zone AH |
| Tax Amount | $362 |
| Assessed Land | $1,064,500 |
| Assessed Building | $337,500 |
| Assessed Total | $1,402,000 |
| Assessed Ratio | 96% |
| Inclusions | Blinds, Ceiling Fan, Range Hood, Range/Oven, Refrigerator, Solar Heater |
| Amenities | Bedroom on 1st Floor, Full Bath on 1st Floor, Patio/Deck, Storage, Wall/Fence |
| Utilities | Connected, Overhead Electricity, Public Water, Sewer Fee, Water |
| Construction | Double Wall, Slab, Wood Frame |
| Lot Features | Other |
| Flooring | Laminate, Vinyl |
| Disclosures | Call Listor, Property Disclosure Stmt |
| Furnished | None |
| Land Recorded | Land Court |
| Possession | 45 Days or Less |
| Sale Conditions | Lien Release |
| Topography | Level |
| Building Style | Detach Single Family |
| Roofing | Asphalt Shingle |
| Easements | Other |
| Security | Key |
| Parcel # | 1-4-3-060-077-0000 |
| Listing courtesy of | The LFG Group, Inc. |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 09-19-2025 | 202509883 | Sold | C | S | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 08-18-2025 | 202509883 | Active Under Contract | A | C | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 08-02-2025 | 202509883 | Price Decrease | $1,849,990 | $1,829,990 | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 06-11-2025 | 202509883 | Price Decrease | $1,895,000 | $1,849,990 | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 04-26-2025 | 202509883 | Back On Market | C | A | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 04-18-2025 | 202509883 | Active Under Contract | A | C | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 04-15-2025 | 202509883 | New Listing | CS | A | $1,829,990 | $1,780,000 | $147,880 | $1,100,900 | $377,900 |
| 01-23-2025 | 202428293 | Sold | C | S | $1,350,000 | $1,200,000 | $1,402,000 | $1,064,500 | $337,500 |
| 12-19-2024 | 202428293 | Active Under Contract | A | C | $1,350,000 | $1,200,000 | $1,402,000 | $1,064,500 | $337,500 |
| 12-19-2024 | 202428293 | New Listing | CS | A | $1,350,000 | $1,200,000 | $1,402,000 | $1,064,500 | $337,500 |
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