| Description | Rare Oceanfront Fixer Opportunity with Two Separate Homes on one lot — now offered at an exceptional new price. This versatile 7,825 sq ft oceanfront property is zoned B-1, opening the door to residential, rental, or mixed-use potential in a truly prime location. Property Highlights: • Dual dwellings with private entrances • Separate electric meters & laundry rooms • Spacious shared courtyard ideal for outdoor living & entertaining Street-Side Home • 1,118 sq ft | 4 Bedrooms | 2 Bathrooms • $18,000 in recent plumbing & electrical upgrades Oceanfront Home • 784 sq ft | 2 Bedrooms | 2 Bathrooms • Incredible oceanfront positioning with endless potential Live in one, rent the other, or reimagine the property to suit your vision. With zoning flexibility, recent improvements, and a significant price adjustment, this oceanfront offering represents an outstanding value and a rare chance to create something special. Some photos virtually staged. Homes are not currently furnished. Opportunities like this don’t come around often — especially at this price and location. |
|---|---|
| Status | Sold since 03-11-2025 |
| MLS# | 202504594 |
| Price | $1,200,000 |
| Original Price | $1,500,000 |
| Price Change | $-300,000 (-20.00%) |
| Beds / Baths / Half | 6 / 4 / 0 |
| Parking Spaces | 4 |
| Living Sq Ft | 1,902 |
| Land Sq Ft | 7,825 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 47-659 Kamehameha Highway Kaneohe HI 96744 |
| Region | Kaneohe |
| Neighborhood | Kaalaea |
| Days on Market | 151 |
| Year Built | 1957 |
| Year Remodeled | 1967 |
| Condition | Average |
| View | Coastline, Ocean, Sunrise |
| Frontage | Ocean, Waterfront |
| Pool | None |
| Parking | 3 Car+ |
| Zoning | 31 - B-1 Neighborhood Business |
| Flood Zone | Zone AE |
| Tax Amount | $354 |
| Assessed Land | $509,200 |
| Assessed Building | $830,800 |
| Assessed Total | $1,340,000 |
| Assessed Ratio | 90% |
| Inclusions | AC Window Unit, Ceiling Fan, Dishwasher, Disposal, Drapes, Dryer, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater |
| Amenities | Bedroom on 1st Floor, Full Bath on 1st Floor, Maids/Guest Qrters, Patio/Deck, Storage, Wall/Fence, Workshop |
| Utilities | Cesspool, Connected, Overhead Electricity, Public Water |
| Construction | Above Ground, Single Wall, Wood Frame |
| Lot Features | Other |
| Flooring | Ceramic Tile, Laminate, Vinyl |
| Disclosures | Property Disclosure Stmt |
| Land Recorded | Dual Systems |
| Possession | 45 Days or Less |
| Sale Conditions | None |
| Topography | Level |
| Building Style | Detach Single Family, Multiple Dwellings |
| Roofing | Tile |
| Easements | None |
| Security | Key |
| Parcel # | 1-4-7-041-008-0000 |
| Listing courtesy of | Hawaii Modern Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 04-17-2026 | 202504594 | Sold | C | S | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 01-15-2026 | 202504594 | Active Under Contract | A | C | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 01-08-2026 | 202504594 | Price Decrease | $1,300,000 | $1,200,000 | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 10-13-2025 | 202504594 | Back On Market | C | A | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 06-27-2025 | 202504594 | Active Under Contract | A | C | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 06-20-2025 | 202504594 | Back On Market | T | A | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 06-20-2025 | 202504594 | Price Decrease | $1,400,000 | $1,300,000 | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 05-15-2025 | 202504594 | Hold | A | T | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 05-15-2025 | 202504594 | Back On Market | C | A | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 04-30-2025 | 202504594 | Active Under Contract | A | C | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 03-24-2025 | 202504594 | Price Decrease | $1,500,000 | $1,400,000 | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 |
| 03-11-2025 | 202504594 | New Listing | A | $1,200,000 | $1,075,000 | $1,340,000 | $509,200 | $830,800 | |
| 03-10-2021 | 202027774 | Sold | C | S | $975,000 | $962,000 | $1,151,700 | $985,500 | $166,200 |
| 12-11-2020 | 202027774 | In Escrow Showing | A | C | $975,000 | $962,000 | $1,151,700 | $985,500 | $166,200 |
| 10-23-2020 | 202027774 | New Listing | A | $975,000 | $962,000 | $1,151,700 | $985,500 | $166,200 | |
| 10-23-2020 | 202027774 | $975,000 | $975,000 | $962,000 | $1,151,700 | $985,500 | $166,200 | ||
| 04-07-2018 | 201723608 | Withdrawn | A | W | $1,099,000 | $0 | $318,400 | $262,000 | $56,200 |
| 11-12-2017 | 201723608 | New Listing | A | $1,099,000 | $0 | $318,400 | $262,000 | $56,200 | |
| 07-18-2017 | 201627991 | Withdrawn | A | W | $1,199,000 | $0 | $305,900 | $249,100 | $56,800 |
| 01-23-2017 | 201627991 | Price Decrease | $1,250,000 | $1,199,000 | $1,199,000 | $0 | $305,900 | $249,100 | $56,800 |
| 11-18-2016 | 201627991 | New Listing | A | $1,199,000 | $0 | $305,900 | $249,100 | $56,800 |
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