Located in the highly sought-after North Shore of Oahu, this exceptional property at 66-346 Paalaa Rd offers both immediate income potential and long-term development opportunities. Currently generating a strong $5,900 per month in rental income, the property is not only a great investment but also presents a fantastic chance for future development, given its expansive 43,865 square foot lot size (nearly 1 acre) and R-5 zoning. With a solid $5,900 in monthly rental income, this property provides reliable cash flow right from the start. Situated just minutes from the vibrant town of Haleiwa, the property offers access to world-famous beaches, surfing, local dining, shopping, and more, while still providing a peaceful, serene atmosphere. Surrounded by lush greenery, the property offers privacy and tranquility in one of Oahu’s most desirable locations. This property offers both immediate rental income and exciting possibilities for development. Whether you’re looking to enhance your investment portfolio or create something new in one of Hawaii’s most desirable areas, 66-346 Paalaa Road is the perfect choice.
Active
$2,280,000
66-346 Paalaa Rd, Haleiwa, HI 96712
2beds
1,853sqft
Single Family Residence
Built in 1961
-- sqft lot
$2,220,200 Zestimate®
$1,230/sqft
$-- HOA
What's special
- 265 days |
- 189 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Milly Lin 808-258-9268,
Five Star Realty, Inc.,
Brian Chua 808-255-3839,
Five Star Realty, Inc.
Source: HiCentral MLS,MLS#: 202521333
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet
Interior area
- Total structure area: 1,853
- Total interior livable area: 1,853 sqft
Property
Parking
- Total spaces: 5
- Parking features: Three or more Spaces
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Features: Cleared, Other
- Topography: Sloping
Details
- Parcel number: 1660160200000
- 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
- Single Wall
Condition
- Average Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Waialua
Location
- Region: Haleiwa
Financial & listing details
- Price per square foot: $1,230/sqft
- Tax assessed value: $1,748,200
- Annual tax amount: $12,528
- Date on market: 10/13/2025
- Inclusions: None
Estimated market value
$2,220,200
$2.11M - $2.33M
$4,440/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/14/2026 | Price change | $2,280,000-8.8%$1,230/sqft |
Source: | ||
| 11/25/2025 | Price change | $2,500,000-10.7%$1,349/sqft |
Source: | ||
| 10/14/2025 | Listed for sale | $2,800,000-6.7%$1,511/sqft |
Source: | ||
| 7/4/2023 | Listing removed | $2,999,999$1,619/sqft |
Source: | ||
| 7/28/2022 | Price change | $2,999,999+15.4%$1,619/sqft |
Source: | ||
| 2/14/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/5/2022 | Listed for rent | $2,750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/28/2021 | Listed for rent | $2,750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/21/2021 | Pending sale | $2,599,999$1,403/sqft |
Source: | ||
| 5/18/2021 | Contingent | $2,599,999$1,403/sqft |
Source: | ||
| 4/21/2021 | Listed for sale | $2,599,999$1,403/sqft |
Source: | ||
| 4/21/2021 | Listing removed | $2,599,999$1,403/sqft |
Source: | ||
| 4/15/2020 | Listed for sale | $2,599,999$1,403/sqft |
Source: | ||
| 1/18/2020 | Listing removed | $2,599,999$1,403/sqft |
Source: Sterman Realty #201914909 Report a problem | ||
| 5/31/2019 | Listed for sale | $2,599,999+62.5%$1,403/sqft |
Source: Sterman Realty #201914909 Report a problem | ||
| 9/22/2006 | Sold | $1,600,000$863/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,529 -8.3% | $1,748,200 -5.4% |
| 2024 | $13,658 -9% | $1,847,200 -6% |
| 2023 | $15,002 +65% | $1,965,100 +36.7% |
| 2022 | $9,094 | $1,437,500 -0.2% |
| 2021 | -- | $1,440,400 +4.8% |
| 2020 | $8,431 +0.9% | $1,374,400 +0.5% |
| 2019 | $8,356 +38.9% | $1,367,200 +17% |
| 2018 | $6,016 -5.2% | $1,168,400 +10.5% |
| 2017 | $6,343 +89.9% | $1,057,100 +10.8% |
| 2016 | $3,340 -0.5% | $954,300 -0.5% |
| 2015 | $3,355 | $958,700 -10.3% |
| 2014 | -- | $1,069,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 96712
Nearby schools
GreatSchools rating
- 8/10Haleiwa Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 6/10Waialua High & Intermediate SchoolGrades: 7-12Distance: 1.4 mi
- 8/10Anuenue SchoolGrades: PK-12Distance: 28.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Honolulu County
- Haleiwa
- 96712
- 66-346 Paalaa Rd






