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3198 WAWAE RD, KALAHEO, HI 96741
Kalaheo Homesteads

for sale in Kalaheo, Kauai, 96741 | MLS: 710567 | Active
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$2,550,000(fs)
Property Highlights
Payments: $12,230/mo (terms) Bedrooms: 7 Baths: 5 Living: 2,400 sq. ft. ($1,063/sf) Land: 0.35 ac. ($168/sf) Year Built: 1995 Days in MLS: 479 Page Views: 344
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Property Details
  • Year Built: 1995
  • Floor Covering: Ceramic Tile, Hardwood, Slate
  • Parking: Assigned
  • Pool: Yes
  • Predominant Topography: Terraced
  • Garage Area: 832 sf
  • Fencing: Masonry, Wood
  • Road Type: Paved
  • Views: Forest, Garden, Mountain(s), Ocean Horizon, Pasture
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
  • Project: C T CONDOMINIUM
  • District: Koloa
  • Subdivision: Kalaheo Homesteads
  • Zoning Code: A
  • Taxkey (TMK): 4240010770001
  • Acceptable Terms: 1031 Exchange, Cash, Contract
  • Land Tenure: Fee Simple
  • Annual Property Taxes: $3,186
  • Utilities: Electricity Available, Underground Utili

I
ncome-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/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai * Caretaker’s Cottage + Half Garage Office/Storage – 1BD/¾BA + 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 ($255,000) 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.

Listing Brokerage: eXp Realty, 8083461944
It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. ©2014 MLS Hawaii, Inc. All rights reserved. Listing information above provided by Hawaii Information Service, a Multiple Listing Service. This information is deemed reliable but is not guaranteed. Information was last updated: 2025-08-29 20:56:14