This multi-unit property, located off Papalina Road in a desirable Kalaheo neighborhood on the southwest side of Kauai, presents a
unique opportunity to acquire an R4/Form-Based Code-zoned 1.61-acre parcel. The property consists of 10 free-standing dwellings of
varying ages, conditions, and sizes. It offers strong potential for ongoing income generation, redevelopment, renovation, CPR
(Condominium Property Regime) conversion, and the possible addition of more dwellings.
The parcel consists of approximately 70,303 square feet, with moderate sloped topography and approximately 467 feet of road
frontage, providing excellent access and flexibility for site planning and future development.
Important Notes for Prospective Buyers:
- If you drive by the property, DRIVE SLOWLY - 5 mph. Do not enter the property or disturb the tenants.
- No showings will be allowed until a bona fide offer is conditionally accepted. Additional information is available.
- All tenants are in long-term leases.
- Commercial lending is available through various resources.
Some of the Trust's beneficiaries live on the property and have a right of first refusal to purchase the property.
For sale
Price cut: $755K (8/27)
$3,995,000
2521 Texeira Loop, Kalaheo, HI 96741
27beds
9,462sqft
Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$422/sqft
$-- HOA
What's special
- 27 days
- 590
- 26
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Milo KF Spindt 8086317602,
Ohana Homes LLC,
Jody HK Kjeldsen 808-265-2096,
Ohana Homes LLC
Source: Hawaii Information Service,MLS#: 732866
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 27
- Bathrooms: 13
- Full bathrooms: 12
- 1/2 bathrooms: 1
Features
- Flooring: Resin Tile
- Has fireplace: No
Interior area
- Total structure area: 9,462
- Total interior livable area: 9,462 sqft
Property
Parking
- Parking features: Other
Lot
- Size: 1.61 Acres
- Features: See Remarks
Details
- Parcel number: 4230130130000
- Zoning: R-4
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: KALAHEO HOMESTEADS 1ST SERIES
Location
- Region: Kalaheo
Financial & listing details
- Price per square foot: $422/sqft
- Tax assessed value: $2,131,300
- Annual tax amount: $6,720
- Date on market: 8/14/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Full
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Price change | $3,995,000-15.9%$422/sqft |
Source: | ||
| 6/19/2026 | Price change | $4,750,000-11.4%$502/sqft |
Source: | ||
| 4/8/2026 | Listed for sale | $5,360,000$566/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,938 +2.7% | $2,069,200 +3% |
| 2024 | $5,782 -0.1% | $2,009,000 +3% |
| 2023 | $5,786 -10% | $1,950,500 +3% |
| 2022 | $6,426 +27% | $1,893,600 +3% |
| 2021 | $5,058 -14.8% | $1,838,500 +4.8% |
| 2020 | $5,940 | $1,754,100 -2.4% |
| 2019 | -- | $1,797,400 +1.7% |
| 2018 | $5,981 +2.7% | $1,767,600 +16.6% |
| 2017 | $5,824 +122.2% | $1,516,200 +2.1% |
| 2016 | $2,622 | $1,485,300 -2.6% |
| 2015 | $2,622 | $1,525,700 |
| 2014 | -- | $1,525,700 |
Find assessor info on the county website
Monthly payment
Est. payment
