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For sale
  • Price cut: $65K (7/16)
    $685,000

    88-145 Kai Ave, Captain Cook, HI 96704

    1beds
    926sqft
    : 
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    Single Family Residence
    Built in 1997
    0.28 Acres Lot
    $647,300 Zestimate®
    $740/sqft
    $23/mo HOA

    What's special

    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.
    28 days
    |
    1,418
    |
    81
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kevin R. Walmsley 8083131514,

    Corcoran Pacific Properties

    Source: Hawaii Information Service,MLS#: 731285MLS Logo

      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

        $647,300

        $615,000 - $680,000

        $2,581/mo

        Price history

        DateEventPrice
        7/16/2026Price change$685,000-8.7%$740/sqft
        Source: Hawaii Information Service #731285 Report a problem
        6/24/2026Listed for sale$750,000+50%$810/sqft
        Source: Hawaii Information Service #731285 Report a problem
        5/20/2024Sold$500,000-9.1%$540/sqft
        Source: Hawaii Information Service #706074 Report a problem
        3/31/2024Price change$550,000-15.4%$594/sqft
        Source: Hawaii Information Service #706074 Report a problem
        12/10/2023Listed for sale$650,000$702/sqft
        Source: Hawaii Information Service #706074 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $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

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        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 96704

        Getting around

        3 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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