Introducing a truly exceptional legacy property, offered for the first time in nearly a quarter century, this magnificent 1.2-acre estate captures the essence of elevated island living. Gracefully positioned above Keauhou Bay, the residence commands over 100 feet of uninterrupted ocean frontage, delivering sweeping sunset vistas that transform every evening into a private spectacle.
**An Enchanting Tropical Sanctuary**
Step into a lush, curated paradise where mature landscaping and vibrant tropical flora create a serene, resort-like ambiance. The grounds are adorned with 16 fruit-bearing trees—including mango and avocado, while terraced gardens, ambient lighting, and winding pathways invite quiet moments of reflection and connection with nature.
**Expansive & Elegant Living Spaces**
The 3,708-square-foot residence is thoughtfully designed for both refined comfort and effortless entertaining. Featuring 5 spacious bedrooms and 5.5 bathrooms, the home accommodates multi-generational living or guest hosting with ease. Recent upgrades to the gourmet kitchen and primary suite bath introduce modern sophistication, seamlessly blending with the home’s timeless open-beam architecture and authentic Hawaiian character.
**Resort-Caliber Outdoor Living**
Designed to rival a private retreat, the estate’s outdoor amenities are nothing short of spectacular:
* Two expansive swimming pools
* A built-in hot tub for ultimate relaxation
* Generous lanais and covered entertaining areas
* Secluded terraces showcasing mesmerizing ocean and sunset views
**Exclusive Turnkey B&B Opportunity**
Included with the property is a rare, county-registered and grandfathered Bed & Breakfast permit, an increasingly scarce asset in Hawaii, presenting a seamless, income-generating opportunity with an established guest base already in place.
Walkthrough video: https://youtube.com/shorts/-OmOW0WLGxs
Under contract
$2,599,000
78-6737 Walua Rd, Kailua Kona, HI 96740
5beds
3,708sqft
Single Family Residence
Built in 1968
1.2 Acres Lot
$2,413,300 Zestimate®
$701/sqft
$-- HOA
What's special
Lush curated paradiseVibrant tropical floraTwo expansive swimming poolsTimeless open-beam architectureAuthentic hawaiian characterAmbient lightingMature landscaping
- 73 days |
- 444 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Laure McElwee 8082170429,
First Island Realty, LLC
Source: Hawaii Information Service,MLS#: 729823
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 3,708
- Total interior livable area: 3,708 sqft
Property
Parking
- Parking features: Attached
Features
- Pool features: Gunite, In Ground, Pool/Spa Combo
- Has spa: Yes
Lot
- Size: 1.2 Acres
Details
- Parcel number: 3780090150000
- Zoning: RS-15
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: KUAKINI HOUSELOTS
Location
- Region: Kailua Kona
Financial & listing details
- Price per square foot: $701/sqft
- Tax assessed value: $2,038,700
- Annual tax amount: $20,576
- Date on market: 4/22/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$2,413,300
$2.29M - $2.53M
$6,398/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Contingent | $2,599,000$701/sqft |
Source: | ||
| 4/22/2026 | Listed for sale | $2,599,000-7%$701/sqft |
Source: | ||
| 1/13/2026 | Listing removed | $2,795,000$754/sqft |
Source: | ||
| 9/10/2025 | Price change | $2,795,000-5.3%$754/sqft |
Source: | ||
| 5/30/2025 | Listed for sale | $2,950,000+1.9%$796/sqft |
Source: | ||
| 2/2/2025 | Listing removed | $2,895,000$781/sqft |
Source: | ||
| 12/2/2024 | Price change | $2,895,000-17.3%$781/sqft |
Source: | ||
| 7/15/2024 | Listed for sale | $3,500,000-6.7%$944/sqft |
Source: | ||
| 7/12/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/14/2024 | Listed for sale | $3,750,000+120.6%$1,011/sqft |
Source: Owner Report a problem | ||
| 6/1/2020 | Listing removed | $1,700,000$458/sqft |
Source: Reba-Mae Silva REALTOR #634982 Report a problem | ||
| 12/11/2019 | Listed for sale | $1,700,000+117.9%$458/sqft |
Source: Reba-Mae Silva REALTOR #634982 Report a problem | ||
| 4/26/2012 | Sold | $780,000-10.9%$210/sqft |
Source: Public Record Report a problem | ||
| 2/11/2012 | Listed for sale | $875,000$236/sqft |
Source: Coldwell Banker Maryl-Kona #242180 Report a problem | ||
| 12/7/2011 | Listing removed | $875,000$236/sqft |
Source: Coldwell Banker Maryl Realty #242180 Report a problem | ||
| 10/19/2011 | Price change | $875,000-18.6%$236/sqft |
Source: Coldwell Banker Maryl Realty #242180 Report a problem | ||
| 8/11/2011 | Price change | $1,075,000-10%$290/sqft |
Source: Maryl Realty #242180 Report a problem | ||
| 7/29/2011 | Price change | $1,195,000-4.4%$322/sqft |
Source: Maryl Realty #242180 Report a problem | ||
| 5/7/2011 | Price change | $1,250,000-3.8%$337/sqft |
Source: Maryl Realty #242180 Report a problem | ||
| 2/12/2011 | Listed for sale | $1,299,000+94.8%$350/sqft |
Source: Coldwell Banker Maryl Realty #242180 Report a problem | ||
| 5/1/2001 | Sold | $667,000$180/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $2,115,000 +3.7% |
| 2024 | $20,576 +82.1% | $2,038,700 +74.6% |
| 2023 | $11,296 +9% | $1,167,700 +10.8% |
| 2022 | $10,366 +17.8% | $1,053,900 +15.5% |
| 2021 | $8,797 -9.2% | $912,500 +4.5% |
| 2020 | $9,693 | $873,200 +4.2% |
| 2019 | -- | $838,100 +7.9% |
| 2018 | -- | $776,400 +1.5% |
| 2017 | -- | $765,200 +2.3% |
| 2016 | -- | $747,900 +10% |
| 2015 | -- | $680,100 -0.7% |
| 2014 | -- | $684,600 +28.6% |
| 2012 | -- | $532,400 +3% |
| 2011 | -- | $516,900 +3% |
| 2010 | -- | $501,800 +3% |
| 2009 | -- | $487,200 +3% |
| 2008 | -- | $473,000 +29.8% |
| 2007 | -- | $364,500 +3% |
| 2006 | -- | $353,900 +3% |
| 2005 | -- | $343,600 +2.8% |
| 2004 | -- | $334,300 +3.5% |
| 2003 | -- | $323,000 +2.6% |
| 2002 | $986 -0.8% | $314,800 |
| 2000 | $994 | -- |
| 1999 | -- | $313,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Climate risks
Neighborhood: Kahaluu-Keauhou
Nearby schools
GreatSchools rating
- 4/10Kahakai Elementary SchoolGrades: PK-5Distance: 2.3 mi
- 1/10Ke Kula O EhunuikaimalinoGrades: PK-12Distance: 6.1 mi
- 5/10Konawaena Middle SchoolGrades: 6-8Distance: 6.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Hawaii County
- Kailua Kona
- 96740
- Kahaluu-Keauhou
- 78-6737 Walua Rd





