3198 Wawae Rd, Kalaheo, HI, 96741
About This Home
ENCHANTING MULTI-UNIT PROPERTY. Ideally suited for multi-generational living, private retreat center, family compound, or as a cash-flow rental. Live in one and rent out the rest! Perched on a cool and breezy Lawai hillside, this enchanting property was built with concrete and love. Meandering concrete paths lead to separate buildings, surprise spaces, fruit trees, and planted with exotic tropical foliage. You will know you are on the Garden Island. * MAKAPUNI – main house consists of a 4 bedroom / 2 bath with a staircase that leads to two half lofts and a mini office loft, as well as an enclosed lanai. * OLUOLU – guesthouse is a 1bedroom / 1 bath that has its own private yard, private parking, and fireplace. * UKULELE - caretakers cottage is a cozy and functional 1bedroom / 1 bath cottage with open lanai that overlooks the Lawai valley. * HAUOLI - open floorplan studio with loft / half bath and outdoor shower with lanai and private courtyard. * FLEX SPACE – converted garage that could be utilized as an office space, work out room, storage, or more. Each unit has its own washer and dryer, privacy from the other units, and comes fully-furnished. A terrific turn-key situation that can start earning for you on the day of closing. Convenient Lawai location is a short drive away from the sunny beaches of Poipu, the necessities of Lihue, and the wonders of the Westside and Kokee. * SELLER FINANCING AVAILABLE * Down Payment of 15% ($375,000). Owner financing up to 5 years at only 4.75% interest. $15,300 / month current total income. Rent roll available.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1992
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Interior Area
- Total structure area: 2,950
- Total interior livable area: 2,950 sqft
Property
Details
- Parcel number: 4240010770001
- Zoning: A
- Special condition: Fee Simple,Standard
Features
- Fencing: Block,Concrete,Stone
Lot
- Lot size: 0.35 Acres
- Features: Rim Lot,Wooded
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
- Lightning
- Wildfire
- Inland Flooding
- Landslide
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 | $12,636 | $151,632 |
| Home Insurance * | $526 | $6,312 |
| Property Taxes | $789 | $9,468 |
| Electricity | $949 | $11,399 |
| Total | $14,900 | $178,800 |
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 |
|---|---|---|
| 2026-04-10 | Listed for sale | $2,499,000 |
| 2026-01-14 | Listing removed | $2,490,000 |
| 2025-11-06 | Price change | $2,490,000 |
| 2025-02-20 | Price change | $2,550,000 |
| 2024-11-23 | Listed for sale | $2,700,000 |
| 2024-11-09 | Listing removed | $2,700,000 |
| 2024-08-09 | Price change | $2,700,000 |
| 2024-07-03 | Price change | $2,850,000 |
| 2024-05-07 | Listed for sale | $3,000,000 |
| 2021-06-04 | Listing removed | $2,997,000 |
| 2020-06-15 | Listed for sale | $2,997,000 |
| 2016-05-25 | Listing removed | $1,250,000 |
| 2016-02-26 | Listed for sale | $1,250,000 |
| 2016-01-15 | Listing removed | $1,300,000 |
| 2015-10-18 | Listed for sale | $1,300,000 |
| 2012-12-01 | Listing removed | $888,000 |
| 2012-09-12 | Price change | $888,000 |
| 2012-06-20 | Listed for sale | $917,000 |
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