1586 Mokulua Dr, Kailua, HI, 96734
About This Home
LANIKAI 5 STAR RESORT, with steps right into the sea. This charming jewel box sits right on the bright blue clear waters of Lanikai with a perfect view of the Mokulua Islands. Open your eyes each day to incredible Lanikai Sunrises! Situated at the quiet coveted end of the Lanikai loop, this home is private, gated and has everything for your new Hawaiian lifestyle. Newly built in 2007 by Chris Emerson this custom home is a show case of quality construction with a timeless Hawaiian design. This well maintained home features board-and-batten on both the interior and exterior walls of the home, vaulted Ceilings in each room, all custom doors and built ins, concrete floors, marble counter tops, mature landscaping, large park like green spaces with over 18,000 sq ft of land, and a newly renovated salt water pool & jacuzzi. The Main home features 3 ensuite beds with 3.5 baths, 2 outside showers, a very large primary closet, the pool house / recreation room is now set up as a bedroom with private bath. Features include an Infrared sauna, small gym area, oversized 2 car garage, gated 1 car carport, 2 on demand gas water heaters, propane gas, gas tiki torches, solar panels and generator.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 2007
Materials
- Foundation: Slab
- Construction materials: Double Wall,Wood Frame
Notable Dates
- Major remodel year: 2012
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage,Detached,Studio
- Property subType: Apartment
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Bedroom on Main Level,Full Bath on Main Level
- Flooring: Ceramic Tile,Other
Interior Area
- Total structure area: 4,087
- Total interior livable area: 2,887 sqft
Property
Details
- Parcel number: 1430010120001
- Zoning description: 03 - R10 - Residential District
- Special condition: None
Features
- Levels: One
- Stories: 1
- Pool features: Heated,In Ground,Pool/Spa Combo,Tile
- Exterior features: Landscaping
- Fencing: Fenced,Wall
- Has view: Yes
- View description: Coastline,Garden,Mountain(s),Ocean,Sunrise
- Has water view: Yes
- Water view: Coastline,Ocean
- On waterfront: Yes
- Frontage type: Oceanfront
- Topography of land: Level
Lot
- Features: Cleared,Dead End,Interior Lot,Level
Parking
- Total spaces: 6
- Parking features: Garage,Three or more Spaces
- Has garage: Yes
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
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $60,425 | $725,100 |
| Home Insurance * | $1,775 | $21,300 |
| Property Taxes | $3,938 | $47,256 |
| Electricity | $929 | $11,156 |
| Total | $67,067 | $804,804 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listed for sale | $11,950,000 |
| 2026-07-18 | Contingent | $11,950,000 |
| 2026-07-03 | Listed for sale | $11,950,000 |
| 2026-03-14 | Listing removed | $12,500,000 |
| 2026-03-01 | Listed for sale | $12,500,000 |
| 2025-11-06 | Listing removed | $12,500,000 |
| 2025-11-02 | Contingent | $12,500,000 |
| 2025-08-30 | Listed for sale | $12,500,000 |
| 2025-04-03 | Listing removed | $64,000 |
| 2025-03-13 | Listed for rent | $64,000 |
| 2025-02-28 | Listing removed | $64,000 |
| 2025-01-15 | Listed for rent | $64,000 |
| 2022-10-29 | Listing removed | -- |
| 2022-09-28 | Listed for rent | $32,000 |
| 2011-11-29 | Sold | $6,100,000 |
| 2011-05-01 | Listing removed | $6,500,000 |
| 2010-12-04 | Price change | $6,500,000 |
| 2010-06-18 | Listed for sale | $6,900,000 |
| 2001-11-02 | Sold | $960,000 |
| 1998-04-23 | Sold | $480,000 |
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