| Description | Here is your opportunity to create your dream space with an expansive lot, zoned AG-2 (General Agricultural), to build your custom dream home surrounded by the natural beauty of the Koolau Mountains. With a building permit already available, you can get started right away. Whether you envision a classic island-style home, a modern farmhouse, or a sustainable oasis, this property is your blank canvas. With AG-2 zoning, you can even explore the joys of small-scale farming or gardening — all while enjoying the privacy and serenity that country living provides. Features: • Building Permit Ready: Start construction without delay • Zoned AG-2: Ideal for a custom country home with space for gardens • Breathtaking Views: Koolau Mountain vistas and lush surroundings • Expansive Lot: Ample room for outdoor living and entertaining • Prime Location: Just a short drive to Kailua town and world-renowned beaches Embrace the tranquility of a rural lifestyle while enjoying the convenience of being just minutes from Kailua’s stunning beaches, local shops, and vibrant dining. |
|---|---|
| Status | Active since 04-07-2025 |
| MLS# | 202507960 |
| Price | $1,799,000 |
| Original Price | $1,999,000 |
| Price Change | $-200,000 (-10.01%) |
| Land Sq Ft | 88,209 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 42-311 Old Kalanianaole Road Kailua HI 96734 |
| Region | Kailua |
| Neighborhood | Norfolk |
| Days on Market | 538 |
| View | Mountain |
| Frontage | Other |
| Zoning | 52 - AG-2 General Agricultural |
| Flood Zone | Zone D |
| Tax Amount | $439 |
| Assessed Land | $923,400 |
| Assessed Total | $923,400 |
| Assessed Ratio | 195% |
| Utilities | Public Water, Water |
| Lot Features | Clear, Wooded |
| Disclosures | Property Disclosure Stmt |
| Land Recorded | Regular System |
| Sale Conditions | None |
| Topography | Gentle Slope, Level, Steep Slope |
| Easements | Drainage, Electric, Other |
| Parcel # | 1-4-2-098-041-0000 |
| Listing courtesy of | Real Broker |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 02-13-2026 | 202507960 | Price Decrease | $1,999,000 | $1,799,000 | $1,799,000 | $0 | $923,400 | $923,400 | $0 |
| 04-07-2025 | 202507960 | New Listing | CS | A | $1,799,000 | $0 | $923,400 | $923,400 | $0 |
| 08-25-2021 | 202115096 | Sold | P | S | $1,099,000 | $1,015,000 | $286,800 | $286,800 | $0 |
| 07-16-2021 | 202115096 | In Escrow Not Showing | C | P | $1,099,000 | $1,015,000 | $286,800 | $286,800 | $0 |
| 06-28-2021 | 202115096 | In Escrow Showing | A | C | $1,099,000 | $1,015,000 | $286,800 | $286,800 | $0 |
| 06-10-2021 | 202115096 | New Listing | A | $1,099,000 | $1,015,000 | $286,800 | $286,800 | $0 | |
| 09-19-2008 | 2805359 | Price Decrease | $780,000 | $690,000 | $690,000 | $0 | $497,500 | $497,500 | $0 |
| 03-31-2008 | 2805359 | New Listing | A | $690,000 | $0 | $497,500 | $497,500 | $0 | |
| 03-15-2008 | 2705690 | Expired | A | X | $998,000 | $0 | $1,039,600 | $1,039,600 | $0 |
| 03-19-2007 | 2705690 | New Listing | A | $998,000 | $0 | $1,039,600 | $1,039,600 | $0 | |
| 07-12-2002 | 2207098 | New Listing | A | $399,000 | $0 | $202,000 | $202,000 | $0 |
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