This is a leasehold property.
Opportunity to revitalize a previously productive farm property with excellent soil and diverse established fruit trees. The property features a 4-bedroom, 2-bathroom main living area upstairs with a spacious lanai and comfortable living area. Each bedroom is well sized with views out over the surrounding farm land. The lower level includes a separate 1-bedroom, 1-bathroom living area, along with a large paved carport/workshop space suitable for equipment, storage, or workspace. Additional shed and workshop structures provide further room for farm operations, many constructed with durable steel framing.
The farm includes a variety of mature trees including ‘ulu (breadfruit), mango, macadamia nut, jaboticaba, longan, avocado, and coffee, providing a strong foundation for continued agricultural use. The property features deep, productive soil throughout the farm, making it well suited for orchard crops or diversified agriculture.
Location is well balanced for a rural lifestyle while only minutes away from the services and compliments of Captain Cook and downtown Kailua Kona.
Lease allows for cultivation of truck crops, orchard crops, flowers, or nursery crops, with a minimum of 3.5 acres in productive cultivation. Permitted uses also include a farm dwelling (subject to lessor approval), processing and wholesaling of crops, and storage and retail sales of processed agricultural products.
The current lease expires February 29, 2056, providing long-term use for agricultural and farm-related activities.
Under contract
$390,000
84-5040 Hawaii Belt Rd, Captain Cook, HI 96704
5beds
1,872sqft
Single Family Residence
Built in 1989
4.36 Acres Lot
$-- Zestimate®
$208/sqft
$-- HOA
What's special
Spacious lanai
- 212 days
- 10
- 0
Zillow last checked:
Listing updated:
Listed by:
Trey Michael Livingston 8087564228,
Livingston Realty
Source: Hawaii Information Service,MLS#: 728049
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,872
- Total interior livable area: 1,872 sqft
Property
Parking
- Parking features: Covered
Lot
- Size: 4.36 Acres
Details
- Parcel number: 3840050070000
- Zoning: A-5A
- Special conditions: Leasehold,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1989
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: HONAUNAU SUBDIVISION
Location
- Region: Captain Cook
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $471,400
- Annual tax amount: $4,407
- Date on market: 3/7/2026
- Listing terms: Conventional
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Major Thoroghfare
Estimated market value
Not available
Estimated sales range
Not available
$3,231/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Contingent | $390,000$208/sqft |
Source: | ||
| 5/20/2026 | Price change | $390,000-4.9%$208/sqft |
Source: | ||
| 4/23/2026 | Price change | $410,000-8.9%$219/sqft |
Source: | ||
| 3/7/2026 | Listed for sale | $450,000$240/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,408 +4.9% | $471,400 +4.9% |
| 2024 | $4,201 +7.6% | $449,300 +7.6% |
| 2023 | $3,905 | $417,600 |
| 2022 | $3,905 +15.5% | $417,600 +15.5% |
| 2021 | $3,381 +1.9% | $361,600 +1.9% |
| 2020 | $3,316 | $354,700 +7.2% |
| 2019 | -- | $330,900 +10.1% |
| 2018 | -- | $300,600 +2.5% |
| 2017 | -- | $293,300 -1.1% |
| 2016 | -- | $296,600 +16.9% |
| 2015 | -- | $253,700 -0.7% |
| 2014 | -- | $255,400 |
Find assessor info on the county website
Monthly payment
Est. payment



