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: $610K (6/19)
$4,750,000
2521 Texeira Loop, Kalaheo, HI 96741
27beds
9,462sqft
Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$502/sqft
$-- HOA
What's special
- 92 days |
- 511 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Milo Spindt 8086317602,
Coldwell Banker Island Properties - Kauai,
CJ Halladay 808-652-0746,
Coldwell Banker Island Properties - Kauai
Source: Hawaii Information Service,MLS#: 729349
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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
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 1.61 Acres
- Topography: Fairly Level,Gentle Slope,Terraced
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: Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: KALAHEO HOMESTEADS 1ST SERIES
Location
- Region: Kalaheo
Financial & listing details
- Price per square foot: $502/sqft
- Tax assessed value: $2,069,200
- Annual tax amount: $5,937
- Date on market: 4/8/2026
- Listing terms: 1031 Exchange,Cash,Other
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $1,525,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 96741
Nearby schools
GreatSchools rating
- 7/10Kalaheo Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Chiefess Kamakahelei Middle SchoolGrades: 6-8Distance: 9.4 mi
- 7/10Kauai High SchoolGrades: 9-12Distance: 11 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Kauai County
- Kalaheo
- 96741
- 2521 Texeira Loop
