Oceanfront Cottage By the Sea in Milolii!
This adorable, move-in-ready home features soaring cathedral ceilings, open-beam joinery, and floor-to-ceiling windows that perfectly capture stunning ocean views and year round sunsets.
The open living area offers cozy inside living flows right out onto expansive wrap-around lanai. The main floor includes a bedroom and bathroom for easy accessibility, while the versatile loft serves as an ideal guest space or home office.
Outside, you will find an inviting oceanfront oasis with easy-care landscaping and a large detached garage complete with a workbench and storage.
The property has been thoughtfully maintained and updated just recently, including:
Brand-new roof and gutters (2026)New 10,000-gallon catchment system (2025)
Updated water filtration and new water heater (2024)Fresh interior and exterior paint
Updated kitchen cabinetry and countertops
New loft flooring and dormer windows
A full oceanfront survey (2025)
Located in Milolii in South Kona, a premier ocean playground on the West Coast of the Big Island, this home offers direct access to world-class snorkeling, diving, and fishing. Located approx 30 mins from Captain Cook and 1 hour south of Kailua Kona.
Comes fully furnished, this move-in-ready sanctuary is ready for its next chapter of relaxed coastal living in the historic Milolii.
For sale
$685,000
88-145 Kai Ave, Captain Cook, HI 96704
1beds
926sqft
Single Family Residence
Built in 1997
0.28 Acres Lot
$651,300 Zestimate®
$740/sqft
$23/mo HOA
What's special
- 119 days
- 696
- 42
Zillow last checked:
Listing updated:
Listed by:
Kevin R. Walmsley 8083131514,
Corcoran Pacific Properties
Source: Hawaii Information Service,MLS#: 731285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- None
Cooling
- None
Appliances
- Included: Microwave, Range, Refrigerator, Washer
Features
- Cathedral Ceiling(s)
- Flooring: Ceramic Tile, Vinyl
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 926
- Total interior livable area: 926 sqft
Property
Parking
- Parking features: Detached
Features
- Levels: Two
- Fencing: Stone
- Has view: Yes
- View description: Coastline, Mountain(s), Ocean, Ocean Horizon
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.28 Acres
- Features: Rocky
- Topography: Fairly Level,Graded
Details
- Parcel number: 3880050940000
- Zoning: A-5A
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1997
Utilities & green energy
- Sewer: Septic Tank
- Water: Catchment
- Utilities for property: Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: MILOLII BEACH LOTS SUBDIVISION
HOA
- Has HOA: Yes
- HOA fee: $23 monthly
Location
- Region: Captain Cook
Financial & listing details
- Price per square foot: $740/sqft
- Tax assessed value: $479,800
- Annual tax amount: $5,325
- Date on market: 6/23/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$651,300
$619,000 - $684,000
$2,175/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $685,000-8.7%$740/sqft |
Source: | ||
| 6/24/2026 | Listed for sale | $750,000+50%$810/sqft |
Source: | ||
| 5/20/2024 | Sold | $500,000-9.1%$540/sqft |
Source: | ||
| 3/31/2024 | Price change | $550,000-15.4%$594/sqft |
Source: | ||
| 12/10/2023 | Listed for sale | $650,000$702/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,326 +17.5% | $479,800 +17.5% |
| 2024 | $4,533 +4% | $408,400 +4% |
| 2023 | $4,360 +1.2% | $392,800 +1.2% |
| 2022 | $4,307 +15.4% | $388,000 +15.4% |
| 2021 | $3,733 -0.3% | $336,300 -0.3% |
| 2020 | $3,745 +3.7% | $337,400 +3.7% |
| 2019 | $3,613 +22.2% | $325,500 +1.9% |
| 2018 | $2,956 | $319,500 +1.1% |
| 2017 | -- | $316,100 +1.6% |
| 2016 | -- | $311,200 +14.9% |
| 2015 | -- | $270,800 -0.3% |
| 2014 | -- | $271,500 |
Find assessor info on the county website
Monthly payment
Est. payment




