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92-8751 Iwalani Pkwy, Captain Cook, HI, 96704

2beds
1baths
800sqft
$168,000
$210price/sqft
$1,358/moest. monthly cost
$54,320/yrincome needed

About This Home

This newer 2-bedroom, 1-bath home is situated at a comfortable 4,000’ elevation in Hawaiian Ocean View Estates and offers privacy, expansive views, and a peaceful off-grid lifestyle on one acre. The property offers a calm, grounded feeling, is accessed via a gated driveway with pahoehoe lava pathways winding through thoughtfully planted native and xeriscape gardens. Located on a quiet road, the setting is quiet and private, with only one nearby neighbor who is not within the primary view plane. A large covered lanai provides an ideal vantage point for sweeping big-sky views that stretch across the coastline, out to the ocean, and toward the dramatic cliffs of Ka Lae at South Point. The elevated perspective captures vibrant sunrises, colorful sunsets, and brilliant star-filled night skies all year long. Designed for comfortable off-grid living, the home includes modern conveniences such as on-demand hot water, a cozy propane fireplace, and a reverse osmosis water filtration system. The cooler elevation contributes to a pleasant year-round climate. Offered turnkey furnished, the property presents an opportunity to immediately enjoy the simplicity and serenity of affordable island living. Ocean View has two grocery stores, three gas stations, several local eateries, and a popular Saturday morning swap meet. Approximately one hour to Kailua-Kona and two hours to Hilo. *** Improvements were completed without permits. *** CASH ONLY SALE

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
2
BikeSomewhat Bikeable

Schools

2/10
Naalehu Elementary SchoolGrades PK-612.6 mi
1/10
Ke Kula O EhunuikaimalinoGrades PK-1227.3 mi

Construction

Condition

  • Year built: 2024

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Fireplace features: Gas
  • Fireplace: Yes

Interior Area

  • Total structure area: 800
  • Total interior livable area: 800 sqft

Property

Details

  • Parcel number: 3920440610000
  • Zoning: A-1A
  • Special condition: Fee Simple,Standard

Features

  • Fencing: Wood
  • Has view: Yes
  • View description: Coastline,Garden,Mountain(s),Ocean,Ocean Horizon,Sunset
  • Has water view: Yes
  • Water view: Ocean

Lot

  • Lot size: 1 Acres

Parking

  • Parking features: Unassigned

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Volcanic Activity
    Volcanic ActivityVery High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High

How This Home’s Risks Compare

Earthquake
Inland Flooding
Volcanic Activity
Lightning
Wildfire

FEMA Declared Disasters Across Hawaii Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $849$10,188
Home Insurance *$87$1,044
Property Taxes $48$576
Electricity $374$4,497
Total$1,358$16,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,560/yr
40% on housing$40,740/yr
45% on housing$36,213/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$210This listing

vs Other Active Listings

Avg $/sqft

ZIP 96704$354
Hawaii County$497

vs Homes Sold Last Month

Median $/sqft

ZIP 96704$384
Hawaii County$424

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-03Listed for sale$168,000
2025-02-17Listing removed$129,000
2025-01-23Listed for sale$129,000
2024-10-02Listing removed$138,800
2024-09-13Price change$138,800
2024-07-30Listed for sale$128,800
2024-04-15Listing removed$129,000
2024-02-09Listed for sale$129,000

For Sale by Agent

AgentTanya Sunshine
BrokerageHawaii Life

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