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609 Olomana St, Kailua, HI, 96734

8beds
8baths
2,960sqft
$1,880,000
$635price/sqft
$12,066/moest. monthly cost
$482,640/yrincome needed

About This Home

Price is under tax assessment value! Welcome to this stunning, newly built home (2021) in the highly sought-after Coconut Grove neighborhood of Kailua! This spacious single-family residence offers 8 bedrooms, 6 full baths, and 2 half baths, including a legal ADU—ideal for extended family or rental income. Designed with quality craftsmanship and attention to detail, the home features split AC units throughout and sits on a level lot with paved frontage offering ample parking plus street parking. Enjoy easy access to Kailua’s vibrant lifestyle—that is located in close proximity to beaches, restaurants, shopping, parks, golf courses, and much more! Investor alert: the legal ADU provides excellent income potential or long-term rental flexibility. Whether you're seeking a multi-generational home or an income-producing property, this one checks all the boxes. Don’t miss your chance to own a prime property in Coconut Grove! Schedule your showing today!

Getting Around

35
WalkingCar-Dependent
33
TransitSome Transit
55
BikeBikeable

Schools

6/10
Kainalu Elementary SchoolGrades PK-60.7 mi
7/10
10/10
Kalaheo High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Excellent,Good Condition
  • Year built: 2021

Materials

  • Construction materials: Double Wall,Masonry,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Features

  • Flooring: Ceramic Tile

Interior Area

  • Total structure area: 3,026
  • Total interior livable area: 2,960 sqft

Property

Details

  • Parcel number: 1430670210000
  • Zoning description: 05 - R-5 Residential District
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Has view: Yes
  • View description: Mountain(s)
  • Topography of land: Level

Lot

  • Features: Cleared,Interior Lot,Level

Parking

  • Total spaces: 4
  • Parking features: Driveway,Three or more Spaces,On Street

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
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Earthquake
    EarthquakeModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Earthquake
Tsunami

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 $9,506$114,072
Home Insurance *$279$3,348
Property Taxes $1,328$15,936
Electricity $953$11,438
Total$12,066$144,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$413,691/yr
40% on housing$361,980/yr
45% on housing$321,760/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: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$635This listing

vs Other Active Listings

Avg $/sqft

ZIP 96734$1,223
Honolulu County$747

vs Homes Sold Last Month

Median $/sqft

ZIP 96734$964
Honolulu County$707

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
2025-05-29Listed for sale$1,900,000
2025-03-11Listing removed$1,900,000
2024-04-02Price change$1,900,000
2024-03-11Listed for sale$1,999,000
2023-06-13Listing removed--
2023-06-10Listed for rent$2,700
2023-05-03Listing removed--
2023-04-30Listed for rent$2,600
2023-01-31Listing removed--
2022-11-08Price change$1,849,999
2022-10-14Listed for sale$1,850,000
2022-09-16Contingent$2,000,000
2022-08-11Price change$2,000,000
2022-08-04Listed for sale$2,050,000
2020-03-09Listing removed$700,000
2020-01-09Price change$700,000
2019-12-27Price change$738,000
2019-11-27Price change$750,000
2019-11-16Price change$790,000
2019-10-21Listed for sale$800,000

For Sale by Agent

AgentVincent Lao
BrokerageFive Star Realty, Inc.

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