3198 Wawae Rd, Kalaheo, HI

$2,499,000

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7

Beds

5

Baths

2,950

Square feet

0.35

Acres

About 3198 Wawae Rd

CASH-FLOW 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. * 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. FOUR UNITS: * 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. 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. 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.

Features of 3198 Wawae Rd

MLS® # 729558
Price $2,499,000
Bedrooms 7
Bathrooms 5.00
Full Baths 4
Half Baths 1
Square Footage 2,950
Acres 0.35
Year Built 1992
Type Residential Income
Sub-Type Four Or More Units
Status Active
Property Taxes 3,118
Land Tenure Fee Simple

Community Information

Address 3198 Wawae Rd
Subdivision KALAHEO HOMESTEADS
Project C T CONDOMINIUM
City Kalaheo
State HI
Zip Code 96741

Amenities

Parking Unassigned
Is Waterfront No
Oceanfront Parcel No
Has Pool No

Exterior

Lot Description Rim Lot, Wooded

Additional Information

Date Listed April 10th, 2026
Days on Market 1
Zoning A
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Monthly

Listing Map

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