| Description | MASSIVE PRICE REDUCTION - PRICED TO SELL! The only BEACH FRONT VACANT LAND, in EAST HONOLULU, OAHU with more than 65 linear feet of sandy beach fronting famous surfing spots Toes and Secrets currently available UNDER $15,000,000. Paiko Beach consists of only 22 residences that are beach front. Priced $1,224,500 BELOW TAX ASSESSED VALUE! Endless water activities are made possible by the barrier reef creating a calm and protected sandy beach front. Seller has obtained APPROVED SHORELINE CERTIFICATION (see listing supplements) 21 feet forward (towards the ocean) of the property line. With all setbacks considered, this property still has a buildable footprint area of more than 4,290 square feet for a single level home! More if you build a second story. Seller has attached and completed the K2 Standard Survey, Shoreline Certification Survey and Topo Map. No Easements or Encroachments. Also listed in MLS under Residential Listing MLS #202611507 |
|---|---|
| Status | Active since 06-12-2026 |
| MLS# | 202611508 |
| Price | $1,998,000 |
| Original Price | $2,450,000 |
| Price Change | $-452,000 (-18.45%) |
| Land Sq Ft | 8,190 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 240 Paiko Drive Honolulu HI 96821 |
| Region | Diamond Head |
| Neighborhood | Paiko Lagoon |
| Days on Market | 107 |
| View | Coastline, Diamond Head, Garden, Mountain, Ocean, Other, Sunrise, Sunset |
| Frontage | Ocean, Sandy Beach, Waterfront |
| Zoning | 04 - R-7.5 Residential District |
| Flood Zone | Zone AE,Zo |
| Tax Amount | $2,445 |
| Assessed Land | $3,222,500 |
| Assessed Total | $3,222,500 |
| Assessed Ratio | 62% |
| Utilities | Cable, Electricity, Overhead Electricity, Public Water, Sewer, Telephone, Water |
| Lot Features | Clear |
| Disclosures | 1031 Exchange, Property Disclosure Stmt |
| Land Recorded | Land Court |
| Sale Conditions | None |
| Topography | Level |
| Easements | None |
| Parcel # | 1-3-8-001-007-0000 |
| Listing courtesy of | Coldwell Banker Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-27-2026 | 202611508 | Price Decrease | $2,198,000 | $1,998,000 | $1,998,000 | $0 | $3,222,500 | $3,222,500 | $0 |
| 07-14-2026 | 202611508 | Price Decrease | $2,450,000 | $2,198,000 | $1,998,000 | $0 | $3,222,500 | $3,222,500 | $0 |
| 06-12-2026 | 202611508 | New Listing | A | $1,998,000 | $0 | $3,222,500 | $3,222,500 | $0 | |
| 05-31-2026 | 202513208 | Expired | A | X | $2,450,000 | $0 | $3,222,500 | $3,222,500 | $0 |
| 09-12-2025 | 202513208 | Price Decrease | $2,650,000 | $2,450,000 | $2,450,000 | $0 | $3,222,500 | $3,222,500 | $0 |
| 06-01-2025 | 202513208 | New Listing | A | $2,450,000 | $0 | $3,222,500 | $3,222,500 | $0 | |
| 04-17-2025 | 202505706 | Sold | W | S | $1,995,000 | $1,870,000 | $3,222,500 | $3,222,500 | $0 |
| 04-03-2025 | 202505706 | Cancelled | A | W | $1,995,000 | $1,870,000 | $3,222,500 | $3,222,500 | $0 |
| 04-03-2025 | 202505706 | Back On Market | C | A | $1,995,000 | $1,870,000 | $3,222,500 | $3,222,500 | $0 |
| 03-11-2025 | 202505706 | Active Under Contract | A | C | $1,995,000 | $1,870,000 | $3,222,500 | $3,222,500 | $0 |
| 02-26-2025 | 202505706 | New Listing | A | $1,995,000 | $1,870,000 | $3,222,500 | $3,222,500 | $0 |
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