Rare 2.75% VA Assumable Opportunity in Kailua! Fall in love w/ this beautifully renovated home featuring a flexible floor plan perfect for multi-generational living or rental income. Main home offers a large open kitchen/living area, 3 bedrooms / 1 bath, LVP flooring & vinyl windows throughout. Attached is a spacious 2 bedroom/1 bath unit w/ its own kitchenette, laundry room and private backyard - ideal as a rental, guest suite, or extended Ohana space. Every detail has been updated - the home underwent a complete renovation in 2021, including splits, flooring, kitchens, and baths, and a new roof was installed in 2023. A large enclosed workshop off the 2-car carport provides room for tools, surfboards, bikes & all your lifestyle gear. The location is hard to beat - a short stroll to shops, restaurants & a quick bike or walk to world-famous Kailua Beach. Don’t miss your chance to secure this low 2.75% rate & enjoy the best of island living! PI pmt/mo is $5860 & current Gap is ~$281k. Secondary financing may reduce Gap to ~$160k. Recently producing $6,700/mo rental income, Open Sat, Oct 18th 10AM-1PM.
Closed
$1,575,000
561 Kawainui St APT B, Kailua, HI 96734
5beds
2,260sqft
Single Family Residence
Built in 1954
-- sqft lot
$1,569,900 Zestimate®
$697/sqft
$6,879 Estimated rent
Home value
$1,569,900
$1.48M - $1.66M
$6,879/mo
Zestimate® history
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$6,879/mo
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$6,879/mo
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$7,026/mo
Est. payment
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$7,026/mo
Est. payment
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List your homeWhat's special
Private backyardVinyl windowsLaundry roomBeautifully renovated homeLvp flooringMulti-generational livingFlexible floor plan
Zillow last checked:
Listing updated:
Listed by:
Shannon L King 512-797-4252,
Island Living Homes,
Scott Robert King 619-787-4798,
Island Living Homes
Bought with:
Luke Korkowski, RB-22539
SquareTerra
Source: HiCentral MLS,MLS#: 202518717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Bedroom on Main Level, Full Bath on Main Level
- Flooring: Vinyl
Interior area
- Total structure area: 2,260
- Total interior livable area: 2,260 sqft
Property
Parking
- Total spaces: 3
- Parking features: Three or more Spaces
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
- Frontage type: Other
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1430590380000
- Zoning description: 05 - R-5 Residential District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Materials
- Double Wall, Concrete
Condition
- Good Condition,Updated/Remodeled
- New construction: No
- Year built: 1954
- Major remodel year: 2021
Utilities & green energy
- Water: Public
- Utilities for property: Other, Water Available
Community & HOA
Community
- Subdivision: Coconut Grove
Location
- Region: Kailua
Financial & listing details
- Price per square foot: $697/sqft
- Tax assessed value: $1,365,000
- Annual tax amount: $3,192
- Date on market: 9/9/2025
- Inclusions: AC Split, Ceiling Fan, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, Water Heater, Wine Refrigerator
Price history
| Date | Event | Price |
|---|---|---|
| 1/20/2026 | Sold | $1,575,000-1.6%$697/sqft |
Source:  HiCentral MLS #202518717 Report a problem | ||
| 10/20/2025 | Contingent | $1,600,000$708/sqft |
Source: HiCentral MLS #202518717 Report a problem | ||
| 9/11/2025 | Listed for sale | $1,600,000$708/sqft |
Source: HiCentral MLS #202518717 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 96734
Nearby homes
- $1,137,8004 bd1 ba900 sqft561 Kawainui St, Kailua, HI 96734Off Market
- $1,472,4003 bd1 ba896 sqft569 Kawainui St, Kailua, HI 96734Off Market
- $895,1004 bd1 ba999 sqft553 Kawainui St, Kailua, HI 96734Off Market
- $1,361,7007 bd4 ba3.1k sqft553A Kawainui St, Kailua, HI 96734Off Market
- $1,829,5004 bd3 ba1.2k sqft566 Kawainui St, Kailua, HI 96734Off Market
- $1,182,3004 bd1 ba1k sqft560 Kawainui St, Kailua, HI 96734Off Market
- $1,359,8001 bd1 ba968 sqft575 Kawainui St, Kailua, HI 96734Off Market
- $1,516,7005 bd3 ba2.7k sqft570 Kawainui St, Kailua, HI 96734Off Market
Nearby schools
GreatSchools rating
- 3/10Kailua Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 7/10Kailua Intermediate SchoolGrades: 7-8Distance: 0.7 mi
- 10/10Kalaheo High SchoolGrades: 9-12Distance: 1 mi
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.
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$1,569,900
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+$31,398
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$1,601,298
- Hawaii
- Honolulu County
- Kailua
- 96734
- 561 Kawainui St Apartment B
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