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Home For Sale
3198 WAWAE RD
Kalaheo, Hawaii 96741
Ocean View: YesCommunity: KALAHEO HOMESTEADS
$2,490,000
7 br, 5.0 bath
2400 sq. ft.
0.350 acres
Income-Producing Property in Lawai Valley Estates - Seller Financing Available Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest-or lease all for maximum income. Fully furnished and income ready. Units & Rents: * Upstairs Main Home - 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace * Downstairs Main Home - 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard * Studio Cottage - 1BD/ 3/4BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai * Caretaker's Cottage + Half Garage Office/Storage - 1BD/ 3/4BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage Financials: Total Monthly Income: $14,100-$15,000 Seller Financing Terms: 10% Down ($249,000) 4.75% Interest Up to 5-Year Term Approx. P&I Payment: $11,971.81/month Additional Info: - Fully furnished - Private courtyards and lanais - Chimenea fireplaces in main units - By appointment only - do not disturb tenants - Property does not match county records - buyer to verify - Seller requests leaseback of Caretaker's Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
Interior:
- Bedrooms: 7
- Baths: 5.0
- Sq Ft: 2400
- Year Built: 1995
- Utilities:
- Fireplaces: Has Fireplace
- Stories:
- Heat/AC:
- Garage: Assigned
Exterior:
- Lot Size: 0.350 acre
- Lot Dimensions:
- View Types: Forest, Ocean
- Yard:
- Siding:
- Roof:
- Property Taxes: $3,186
- MLS #: 710567
Contact Information:
Listing Agent: David D Ower, eXp Realty, LLC, 808-346-1944, 808-725-2794
Listing Site, Listing Status: Active
Copyright © 2025 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 4916896
Viewed 176 times.
Updated: Nov 06, 2025

