| Description | Nestled at the scenic intersection of Kawainui and Ka'elepulu Canals, this expansive legacy property spans over 16,600 sq ft and offers a rare opportunity to create a custom waterfront retreat. Whether you choose to renovate the existing structure or start anew, the unparalleled location is a waterman's dream. Paddle or boat from your new backyard to Kailua Beach or cruise to Buzz’s for sunset drinks and pupus—this is island living at its finest. Opportunities like this are scarce, making it an exceptional offering for builders, investors, or those seeking a truly special homesite. Photos are digitally staged and enhanced, sale may be subject to court approval. |
|---|---|
| Status | Sold since 05-05-2025 |
| MLS# | 202511374 |
| Price | $1,995,000 |
| Original Price | $1,995,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 4 / 2 / 0 |
| Parking Spaces | 4 |
| Living Sq Ft | 1,510 |
| Land Sq Ft | 16,610 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 485 Wanaao Road Kailua HI 96734 |
| Region | Kailua |
| Neighborhood | Kailua Estates |
| Days on Market | 15 |
| Year Built | 1954 |
| Condition | Needs Major Repair |
| View | Marina/Canal |
| Frontage | Stream/Canal |
| Pool | None |
| Parking | 3 Car+, Boat, Driveway, Garage, Street |
| Zoning | 03 - R10 - Residential District |
| Flood Zone | Zone X |
| Elementary | Kailua |
| Middle | Kailua |
| High | Kalaheo |
| Tax Amount | $666 |
| Assessed Land | $1,900,000 |
| Assessed Building | $385,100 |
| Assessed Total | $2,285,100 |
| Assessed Ratio | 87% |
| Inclusions | Ceiling Fan, Photovoltaic - Owned, Water Heater |
| Utilities | Connected, Overhead Electricity, Public Water, Sewer Fee, Water |
| Construction | Above Ground, Double Wall, Slab, Wood Frame |
| Lot Features | Clear |
| Flooring | Ceramic Tile, Laminate |
| Disclosures | Property Disclosure Stmt |
| Furnished | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None, Probate |
| Topography | Level |
| Building Style | Detach Single Family |
| Roofing | Composition |
| Easements | None |
| Security | Key |
| Parcel # | 1-4-2-019-048-0000 |
| Listing courtesy of | Carvill Sotheby's Intl. Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-10-2026 | 202608270 | Sold | C | S | $4,098,000 | $3,775,000 | $1,904,100 | $1,900,000 | $4,100 |
| 07-28-2026 | 202608270 | Active Under Contract | A | C | $4,098,000 | $3,775,000 | $1,904,100 | $1,900,000 | $4,100 |
| 06-15-2026 | 202608270 | Price Decrease | $4,270,000 | $4,098,000 | $4,098,000 | $3,775,000 | $1,904,100 | $1,900,000 | $4,100 |
| 04-27-2026 | 202608270 | New Listing | A | $4,098,000 | $3,775,000 | $1,904,100 | $1,900,000 | $4,100 | |
| 07-01-2025 | 202511374 | Sold | C | S | $1,995,000 | $2,050,800 | $2,285,100 | $1,900,000 | $385,100 |
| 05-20-2025 | 202511374 | Active Under Contract | A | C | $1,995,000 | $2,050,800 | $2,285,100 | $1,900,000 | $385,100 |
| 05-05-2025 | 202511374 | New Listing | A | $1,995,000 | $2,050,800 | $2,285,100 | $1,900,000 | $385,100 | |
| 03-04-2004 | 2309467 | Sold | C | S | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 11-03-2003 | 2309467 | Active Continue to Show | A | C | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 10-22-2003 | 2309467 | Back On Market | C | A | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 10-06-2003 | 2309467 | Active Continue to Show | A | C | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 09-10-2003 | 2309467 | Price Decrease | $530,000 | $495,000 | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 08-21-2003 | 2309467 | Price Decrease | $565,000 | $530,000 | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
| 07-25-2003 | 2309467 | New Listing | A | $495,000 | $435,000 | $588,000 | $412,500 | $175,500 |
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