Income-Producing Property in Lawai Valley Estates - Seller

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Home For Sale

3198 WAWAE RD

Kalaheo, Hawaii 96741

Ocean View: Yes

Community: KALAHEO HOMESTEADS

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$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
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Contact Information:
Beach Home For Sale in Kalaheo, Hawaii
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.
Ad Number: 4916896
Viewed 176 times.
Updated: Nov 06, 2025

This property is a Home located at 3198 WAWAE RD, Kalaheo, Hawaii 96741, and is currently For Sale at $2,490,000. This Home has 7 bedrooms, 5.0 baths, 2400 sq ft.