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  • $1,875,000

    221 Kihapai St, Kailua, HI 96734

    --beds
    0baths
    --sqft
    Unimproved Land
    Built in ----
    -- sqft lot
    $592,500 Zestimate®
    $--/sqft
    $4,685 Estimated rent

    Home value

    $592,500

    $563,000 - $622,000

    $4,685/mo

    Zestimate® history
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    What's special

    Set within a truly magical and serene setting, the property enjoys panoramic views of the majestic Ko'olau Mountains and 218' of canal frontage and direct access to the peaceful Maunawili Stream. “Kihapai Ohana” represents a rare Kailua development opportunity: a fully approved three-home Residential CPR situated on an approximately 15,008 sq. ft. fee-simple parcel in an established neighborhood. Build one large residence or take advantage of existing approval for three separate CPR dwellings, allowing immediate development potential, as the property has already been separated into three spatial units (1, 2, and 3), each offering roughly 5,000 sq. ft. of exclusive-use land—allowing buyers to focus on design and construction rather than entitlement hurdles. This entire parcel backs up against county land, allowing Units 2 & 3 to live much larger than their 5,000 sq. ft. entitlement suggests, providing an extraordinary sense of privacy and connection to nature. Unit 3 has a DPP APPROVED permit for a 1,607sq. ft. 4bd/2ba single level dwelling that takes full advantage of the 120' of canal frontage, with Ko'olau views from every bedroom.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cherie Tsukamoto 808-227-2216,

    Hawaii Life,

    Jon S Mann 808-728-1230,

    Hawaii Life

    Bought with:

    Shanti Gomes, RS-80850

    eXp Realty

    Source: HiCentral MLS,MLS#: 202610600MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Features
    • Exterior features: Landscaping
    • Has view: Yes
    • View description: Mountain(s), Other
    • Frontage type: Canal,Preservation,Waterfront
    Lot
    • Features: Cleared, Other, Level
    • Topography: Level
    Details
    • Parcel number: 1430590880000
    • Zoning description: 05 - R-5 Residential District
    • Special conditions: None

    Utilities & green energy

    • Sewer: Not Connected
    • Water: Public
    • Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks
    • Subdivision: Coconut Grove
    Location
    • Region: Kailua

    Financial & listing details

    • Tax assessed value: $83,300
    • Annual tax amount: $300
    • Date on market: 6/1/2026

    Price history

    DateEventPrice
    7/31/2026Sold$1,875,000-6.3%
    Source: HiCentral MLS #202610600 Report a problem
    6/2/2026Listed for sale$2,000,000
    Source: HiCentral MLS #202610600 Report a problem
    6/1/2026Listing removed$2,000,000
    Source: HiCentral MLS #202528242 Report a problem
    4/21/2026Listed for sale$2,000,000-4.5%
    Source: HiCentral MLS #202600721 Report a problem
    3/9/2026Contingent$2,095,000
    Source: HiCentral MLS #202600721 Report a problem
    2/11/2026Price change$2,095,000-4.7%
    Source: HiCentral MLS #202600721 Report a problem
    1/13/2026Listed for sale$2,199,000
    Source: HiCentral MLS #202528242 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$300 $83,300 +3.3%
    2024$300 $80,600
    2023$300 $80,600 +3.6%
    2022$300 $77,800 +33%
    2021$300 $58,500 +1.9%
    2020$300 $57,400 +4%
    2019$300 +55.3%$55,200
    2018$193 +13.6%$55,200 +13.6%
    2017$170 +7.5%$48,600 +7.5%
    2016$158 +17.1%$45,200 +17.1%
    2015$135 $38,600 +2.9%
    2014-- $37,500
    Find assessor info on the county website

    Neighborhood: 96734

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Kailua
    • Middle: Kailua
    • High: Kalaheo

    Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.