Rare Opportunity To Own Almost 1 Acre Oceanfront – Priced almost $1.5 MILLION UNDER Tax Assessor's Value! This unique property features a charming Oceanside Cottage that was fully remodeled in 2020, and also a 29,000 sq ft Commercial Structure that has been home to many historic schools – including The Waldorf School and The Academy – offering versatile space for a variety of creative uses. With the flexibility to enjoy both the cottage and also the historic structure, this R-10 zoned lot also offers the potential to reimagine this property into a custom luxury oceanfront estate, or even multiple homes of your design. When you start with an amazing Pacific Ocean view – extending from Aina Haina all the way to Portlock and Hanauma Bay Ridge – the possibilities are really endless! Because the commercial structure is non-conforming, the buyer is to do all due diligence on permits, zoning capabilities, and acquiring appropriate non-conforming use certificates. Additionally, the actual property configuration does not agree with the public record data, the buyer must do their own due diligence. This property is sold As-Is.
Closed
$2,700,000
5257 Kalanianaole Hwy, Honolulu, HI 96821
2beds
920sqft
Single Family Residence
Built in 1955
-- sqft lot
$2,621,400 Zestimate®
$2,935/sqft
$2,987 Estimated rent
Home value
$2,621,400
$2.41M - $2.83M
$2,987/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Stephanie Rae Band 808-773-9390,
Compass
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202506407
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Bedroom on Main Level, Full Bath on Main Level
- Flooring: Other
- Furnished: Yes
Interior area
- Total structure area: 1,955
- Total interior livable area: 920 sqft
Property
Parking
- Total spaces: 10
- Parking features: Carport, Driveway, Three or more Spaces
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Fenced,Wall
- Has view: Yes
- View description: Mountain(s), Ocean
- Has water view: Yes
- Water view: Ocean
- Frontage type: Oceanfront,Waterfront
Lot
- Features: Other, Level
- Topography: Level
Details
- Parcel number: 1360020350000
- Zoning description: 03 - R10 - Residential District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Detached
- Property subtype: Single Family Residence
Materials
- Single Wall, Wood Frame
Condition
- Good Condition,Updated/Remodeled
- New construction: No
- Year built: 1955
- Major remodel year: 2020
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Underground Utilities, Water Available
Community & HOA
Community
- Security: Key Card Entry
- Subdivision: Aina Haina Beach
HOA
- Services included: None
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $2,935/sqft
- Tax assessed value: $5,930,100
- Annual tax amount: $20,755
- Date on market: 3/10/2025
- Inclusions: AC Central, AC Split, AC Window Unit, Ceiling Fan, Dryer, Range/Oven, Refrigerator, Washer, Water Heater
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2025 | Sold | $2,700,000-40%$2,935/sqft |
Source:  HiCentral MLS #202506407 Report a problem | ||
| 4/23/2025 | Listed for sale | $4,500,000$4,891/sqft |
Source: HiCentral MLS #202506410 Report a problem | ||
| 3/21/2025 | Contingent | $4,500,000$4,891/sqft |
Source: HiCentral MLS #202506407 Report a problem | ||
| 3/10/2025 | Price change | $4,500,000+16%$4,891/sqft |
Source: HiCentral MLS #202506407 Report a problem | ||
| 3/10/2025 | Listed for sale | $3,880,000$4,217/sqft |
Source: HiCentral MLS #202414534 Report a problem | ||
| 11/1/2024 | Contingent | $3,880,000$4,217/sqft |
Source: HiCentral MLS #202414534 Report a problem | ||
| 11/1/2024 | Price change | $3,880,000+55.2%$4,217/sqft |
Source: HiCentral MLS #202414534 Report a problem | ||
| 10/24/2024 | Price change | $2,500,000-57.6%$2,717/sqft |
Source: HiCentral MLS #202414487 Report a problem | ||
| 6/21/2024 | Listed for sale | $5,900,000+1585.7%$6,413/sqft |
Source: HiCentral MLS #202414487 Report a problem | ||
| 11/6/2020 | Listing removed | $750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/21/2020 | Listed for rent | $750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/15/2009 | Sold | $350,000$380/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,755 | $5,930,100 |
| 2024 | -- | $5,930,100 -8.6% |
| 2023 | -- | $6,490,300 -6.2% |
| 2022 | -- | $6,918,700 +27.3% |
| 2021 | -- | $5,435,900 -3.5% |
| 2020 | -- | $5,633,600 +3.6% |
| 2019 | $300 | $5,435,900 +10% |
| 2018 | -- | $4,941,600 -9.1% |
| 2017 | -- | $5,435,900 -23.2% |
| 2016 | -- | $7,074,000 +14.7% |
| 2015 | -- | $6,166,300 +62.8% |
| 2014 | -- | $3,788,300 |
| 2013 | -- | $3,788,300 -3.4% |
| 2012 | -- | $3,920,100 +1.3% |
| 2011 | -- | $3,870,700 +0.9% |
| 2010 | -- | $3,837,700 -2.9% |
| 2009 | -- | $3,953,000 -6.9% |
| 2008 | -- | $4,244,600 -7.2% |
| 2007 | -- | $4,574,200 +3.7% |
| 2006 | -- | $4,409,400 +10.3% |
| 2005 | -- | $3,997,900 +27.1% |
| 2004 | -- | $3,144,800 |
| 2003 | $100 | $3,144,800 |
| 2002 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: Aina Haina Beach
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Nearby schools
GreatSchools rating
- 7/10Aina Haina Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Niu Valley Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Kalani High SchoolGrades: 9-12Distance: 1.4 mi
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- Hawaii
- Honolulu County
- Honolulu
- 96821
- Aina Haina Beach
- 5257 Kalanianaole Hwy
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