PMM OWNER FINANCING AVAILABLE WITH AMAZING TERMS! 1/2 % below prime interest-only, 3-year balloon, 25% down.
If you were to get a bank loan your mo/payment would be $2,922.81 (P&I on conventional 30 year @6%). In our scenario, you would only pay $2234.37/mo (Interest only payments for 3 years @ 5.5%) with owner finance. The $688.44 difference should cover Lava Zone 2 insurance costs for the 3 years ($574), giving you that time to better the 5.5 % interest rate a bank and obtain cheaper insurance if it becomes available. See the attached insurance quote.
Discover the freedom of your Hawaiian paradise in this beautifully designed, fully furnished, off-grid home overlooking the stunning blue waters of Milolii, Hawaii’s only remaining ancient fishing village. Thoughtfully crafted for comfort, independence, and accessibility, this 3-bedroom, 2-bath retreat combines modern luxury and high end accommodations with sustainable island living. Step inside to find a fantastic open layout with tile flooring throughout and electric blinds in the living room that reveal breathtaking ocean and sunset views. The spacious kitchen features ample storage and an additional freezer, perfect for entertaining or extended stays. Enjoy effortless accessibility with A 750 pound lift elevator that is wheelchair accessible, connecting the carport to the main lanai area. Relax inside on the fine leather sectional or dine outdoors on the lanai with your Weber barbecue grill, surrounded by terraced rock walls and lush, tropical landscaping that create a private island oasis. This home is fully self-sufficient with an OWNED photovoltaic system, four backup batteries ( HELCO bill roughly $30/mo), two tankless hot water heaters; one electric for the kitchen and a propane one for the house, an ultraviolet water filtration system and high speed, fiber optic internet to keep you connected! Refresh in the outdoor shower, then unwind while watching the sunset paint the horizon.
For sale
$649,999
88-1968 Milolii Rd, Captain Cook, HI 96704
3beds
1,444sqft
Single Family Residence
Built in 2009
0.28 Acres Lot
$640,400 Zestimate®
$450/sqft
$-- HOA
What's special
Private island oasisBlack sand beachLush tropical landscapingFine leather sectionalTwo-car carportTerraced rock wallsUltraviolet water filtration system
- 242 days |
- 615 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Doug Powell 8083336230,
Hawaii Estates LLC
Source: Hawaii Information Service,MLS#: 724614
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave Hood, Other, Range, Refrigerator, Washer
Features
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 1,444
- Total interior livable area: 1,444 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Covered
- Carport spaces: 2
Features
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.28 Acres
- Topography: Terraced
Details
- Parcel number: 3880110090000
- Zoning: A-5A
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 2009
Utilities & green energy
- Sewer: Septic Tank
- Water: Catchment
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: MILOLII BEACH LOTS SUBDIVISION
Location
- Region: Captain Cook
Financial & listing details
- Price per square foot: $450/sqft
- Tax assessed value: $331,500
- Annual tax amount: $877
- Date on market: 10/20/2025
- Listing terms: 1031 Exchange,Cash,Conventional,Purchase Money Mortgage
- Ownership: Full
- Electric utility on property: Yes
Estimated market value
$640,400
$608,000 - $672,000
$3,035/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | $649,999$450/sqft |
Source: | ||
| 3/24/2026 | Contingent | $649,999$450/sqft |
Source: | ||
| 2/16/2026 | Price change | $649,999-7%$450/sqft |
Source: | ||
| 12/18/2025 | Price change | $699,000-4.9%$484/sqft |
Source: | ||
| 10/20/2025 | Listed for sale | $735,000+93.4%$509/sqft |
Source: | ||
| 10/20/2017 | Sold | $380,000+538.7%$263/sqft |
Source: | ||
| 1/2/2007 | Sold | $59,500$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $321,800 +3% |
| 2024 | $832 +2.1% | $312,400 +3% |
| 2023 | $815 -2.2% | $303,300 +3% |
| 2022 | $834 +5.4% | $294,500 +3% |
| 2021 | $792 +5.4% | $285,900 +3% |
| 2020 | $751 | $277,600 +3% |
| 2019 | -- | $269,500 |
| 2018 | -- | $269,500 +2.7% |
| 2017 | -- | $262,400 +3.8% |
| 2016 | -- | $252,800 +19.4% |
| 2015 | -- | $211,700 +1.2% |
| 2014 | -- | $209,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 96704
Getting around
3 / 100
Car-DependentNearby schools
GreatSchools rating
- 2/10Hookena Elementary SchoolGrades: PK-5Distance: 12.8 mi
- 1/10Ke Kula O EhunuikaimalinoGrades: PK-12Distance: 21.2 mi
- 4/10Konawaena High SchoolGrades: 9-12Distance: 21.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Hawaii County
- Captain Cook
- 96704
- 88-1968 Milolii Rd





