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92-8343 Mamalahoa Hwy, Captain Cook, HI, 96704

--beds
0baths
--sqft
$200,000
--price/sqft
$1,547/moest. monthly cost
$61,880/yrincome needed

About This Home

Owner Financing! Island Home with Established Dragon Fruit Farm & Panoramic Ocean Views and Commercial Zoning! Create your island retreat on this beautiful 3-acre property in the scenic Kaʻū District of Hawaiʻi Island. With highway frontage, panoramic views, multiple graded building sites, and a thriving dragon fruit orchard, this property offers an exceptional blend of privacy, productivity, and future potential. The farm features dozens of mature, producing plants, offering the opportunity to continue an agricultural venture or simply enjoy the rewards of island farming. Wide gravel driveways and thoughtfully prepared building areas make the property easily accessible and ready for your vision. Perched to capture breathtaking coastline views is a small unpermitted home that provides a valuable head start for future improvements. Water is connected, the property is powered by an off-grid solar electric system, and much of the interior plumbing and electrical rough-in has been completed. A separate storage building offers additional space for tools, equipment, or farm supplies. One of the property's greatest assets is the abundance of usable land. Several level homesites offer outstanding locations for constructing a permitted custom home while preserving the existing orchard and enjoying expansive ocean vistas, unforgettable sunsets, and cool upland breezes. Commercial zoning is also a huge benefit. Conveniently located just minutes from Ocean View's restaurants, shopping, hardware store, gas stations, and other services; along with easy reach of Punaluu Black Sand Beach, South Point, Papakōlea Green Sand Beach, Whittington Beach Park, and Hawaiʻi Volcanoes National Park. Whether you're dreaming of an off-grid lifestyle, expanding an agricultural operation, or building your forever home, this exceptional property offers an incredible start with infrastructure, established crops, and some of the most spectacular views on the Big Island.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

2/10
Naalehu Elementary SchoolGrades PK-611.5 mi

Construction

Type & Style

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

Property

Details

  • Parcel number: 3921980060000
  • Zoning: A-3A
  • Special condition: Fee Simple,Standard

Lot

  • Lot size: 3.01 Acres

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 $1,011$12,132
Home Insurance *$104$1,248
Property Taxes $58$696
Electricity $374$4,497
Total$1,547$18,564
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,040/yr
40% on housing$46,410/yr
45% on housing$41,253/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

--This 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
2026-07-20Listed for sale$200,000

For Sale by Agent

AgentAndy Madrid
BrokerageReal Broker

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