This is a leasehold property.Charming Custom-Built Cottage with Stunning Kealakekua Bay Views. Vintage Island Charm in the heart of Honaunau Valley.
Step back into the golden era of Hawaii living with this adorable 1969 Hawaiian Style home, nestled in the heart of the valley. This 3 bedroom 2.5 bath residence captures true island nostalgia, blending classic character with relaxed, livable comfort. Set on a small, low-maintenance lot, the home enjoys refreshing breezes and a lovely ocean view that reminds you just how close you are to the sea. The classic layout offers inviting living spaces, perfect for slow mornings, family gatherings, or sunset Pau Hana moments.
Surrounded by lush valley greenery and rich cultural history, this property offers a rare chance to lease for half the price of fee simple where life moves a little slower and the Aloha spirit feels real!
Whether you're dreaming a full-time island home or a peaceful retreat, this sweet vintage gem is ready to welcome you home.
This is not for everyone but is inexpensive compared to fee simple homes in this area. It needs to be a cash purchase and expect a long escrow approx. 6 months.
For sale
$350,000
84-5125 Hawaii Belt Rd, Captain Cook, HI 96704
3beds
1,480sqft
Single Family Residence
Built in 1951
1,525 Square Feet Lot
$328,600 Zestimate®
$236/sqft
$-- HOA
What's special
Lovely ocean viewRefreshing breezesCharming custom-built cottageStunning kealakekua bay views
- 179 days |
- 1,851 |
- 94 |
Zillow last checked:
Listing updated:
Listed by:
Cindy N Griffey 8089373370,
eXp Realty,
Edward S Canas 808-435-8820,
eXp Realty
Source: Hawaii Information Service,MLS#: 726695
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet, Ceramic Tile
- Has fireplace: No
Interior area
- Total structure area: 1,480
- Total interior livable area: 1,480 sqft
Property
Parking
- Parking features: Attached, Covered, Detached
Features
- Levels: Two
- Has view: Yes
- View description: Coastline, Mountain(s), Ocean, Ocean Horizon
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 1,525 Square Feet
- Topography: Gentle Slope,Graded
Details
- Parcel number: 3840060450000
- Zoning: A-1A
- Special conditions: Leasehold,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1951
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: HONAUNAU - MIDDLE
Location
- Region: Captain Cook
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $241,500
- Annual tax amount: $2,680
- Date on market: 12/27/2025
- Listing terms: 1031 Exchange,Cash
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Major Thoroghfare, Paved
Estimated market value
$328,600
$312,000 - $345,000
$3,118/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Price change | $350,000-6.7%$236/sqft |
Source:  Hawaii Information Service #726695 Report a problem | ||
| 12/27/2025 | Listed for sale | $375,000$253/sqft |
Source: Hawaii Information Service #726695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $241,500 +3.1% |
| 2024 | $2,601 +6.7% | $234,300 +6.7% |
| 2023 | $2,438 -9.4% | $219,600 -9.4% |
| 2022 | $2,692 +13.8% | $242,500 +13.8% |
| 2021 | $2,365 +3.7% | $213,100 +3.7% |
| 2020 | $2,280 | $205,400 +4.3% |
| 2019 | -- | $197,000 +6.5% |
| 2018 | -- | $185,000 +2.3% |
| 2017 | $1,492 | $180,900 +12.2% |
| 2016 | -- | $161,300 +10.7% |
| 2015 | -- | $145,700 +0.6% |
| 2014 | -- | $144,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Honaunau
Nearby schools
GreatSchools rating
- 7/10Honaunau Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Konawaena Middle SchoolGrades: 6-8Distance: 5.6 mi
- 4/10Konawaena High SchoolGrades: 9-12Distance: 5.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Hawaii County
- Captain Cook
- 96704
- Honaunau
- 84-5125 Hawaii Belt Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Captain Cook Topics
