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3198 Wawae Rd, 
Kalaheo, HI 96741

$2,550,000


7

Beds


5

Baths


2,400

Sq Ft


Multi-Family

Active

Listed by

David Ower

eXp Realty

843-272-4406

Last updated:

April 16, 2025, 11:26 AM

MLS#

710567

Source:

HI HIS

About This Home

3198 Wawae Rd

Calmness and serenity located in the Lawai Valley Estates with 4 income producing units on one lot. Live in one unit and rent the others, the possibilities are endless!

Property Highlights:
* Upstairs Main Home * 1 Bed / 1 Full Bath
- $2,850 / month, tenant pays additional 30% of monthly electric bill
- Private yard and parking
- Chimenea fireplace in living room

* Downstairs Main Home * 4 Bed / 2 Full Baths
- $5,400 / month, tenants pay additional 40% of monthly electric bill
- Attached garage with access to half
- Staircase leading to two half lofts
- Enclosed lanai with chimenea fireplace
- Private courtyard

* Private Cottage Studio * 1 Bed / 1 (3Qrt) Bath
- $2,700 / month, tenant pays additional 20% of monthly electric bill
- Located on the back left side of property
- Open floorplan with ladder to bedroom loft
- Private lanai with outdoor shower with private courtyard

* Caretakers Cottage * 1 Bed / 1 (3Qrt) Bath
- $1950/ month, tenant pays additional 10% of monthly electric bill
- Located on the back right side of the property
- Screened in covered lanai overlooking the valley

* 2nd half of Garage - Office Space or Storage Space *
- $900 / month
- Private entrance on back side
- Possible use as extra storage, office space, or gym.

> SELLER FINANCING AVAILABLE < Incredible opportunity with attractive seller financing with down payment of 10%. Please inquire for more information!
> Sold fully furnished.
> By appointment only, please do not drive by or disturb tenants.
> Seller would like new owner to consider up to a 2-year lease back for Caretakers Cottage and 2nd half of garage at $2,850 / month plus 10% of electricity. Seller could also help manage property and collect rents for reduced lease.
> Property does not accurately match county records. Currently used as a non-conforming use rental property. Buyer to do their own due diligence.

Home Facts

Multi-Family

5 Baths

7 Bedrooms

Built in 2002

Price Summary

2,550,000

$1,062 per Sq. Ft.

MLS #:

710567

Last Updated:

April 16, 2025, 11:26 AM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

3

Interior

Living Area:

2,400 Sq. Ft.


Structure

Structure

Building Area:

2,400 Sq. Ft.

Year Built:

2002


Lot

Lot Size (Sq. Ft):

15,159


Finances & Disclosures

Finances

Price:

$2,550,000

Price per Sq. Ft:

$1,062 per Sq. Ft.

Source:HI HIS
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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