Property details
About 3198 Wawae Rd
Income-Producing Property in Lawai Valley Estates – Seller Financing Available<br><br>Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest—or lease all for maximum income. Fully furnished and income ready.<br><br>Units & Rents:<br><br>* Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace<br><br>* Downstairs Main Home – 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard<br><br>* Studio Cottage – 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai<br><br>* Caretaker’s Cottage + Half Garage Office/Storage – 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage<br><br>Financials:<br><br>Total Monthly Income: $14,100–$15,000<br>Seller Financing Terms:<br>10% Down ($255,000)<br>4.75% Interest<br>Up to 5-Year Term<br>Approx. P&I Payment: $11,971.81/month<br><br>Additional Info:<br><br>- Fully furnished<br>- Private courtyards and lanais<br>- Chimenea fireplaces in main units<br>- By appointment only – do not disturb tenants<br>- Property does not match county records – buyer to verify<br>- Seller requests leaseback of Caretaker’s Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate<br><br>Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
Highlights
(A)
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
- Flooring Type: Ceramic Tile, Hardwood, Slate
- Fireplace: Wood Burning
- Total Bedroom Count: 7
- Attached Garage: No
- Parking: Assigned
- View: Forest, Garden, Mountain(s), Ocean, Pasture
- List Price: $2,550,000
- Price/SqFt: $1,062
- HOA Amount: $0 Monthly
- Annual Tax Amount: $3,285
- Tax Year: 2023
- Year Built: 1995
- Living Area: 2,400 SqFt
- MLS Number: 710567
- MLS Name: Hawaii Information Service
- Office Name: eXp Realty
- Office Phone: (808) 346-1944
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $- | $3,285 |
History based on county public records data.
Nearby schools
5
Kalaheo Elementary School
Public District PK-5
0.8 mi
•4400 Maka Rd
6
Alaka'I O Kaua'I Charter School
Public Charter KG-6
3.1 mi
•2-4035 Kaumualii Hwy
5
Koloa Elementary School
Public District PK-5
3.7 mi
•3223 Poipu Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,078. Typical income of Kalaheo, HI residents is between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
NASCAR
Soccer
Where do the neighbors shop?
Stein Mart
Dick's Sporting Goods
Old Navy
Where do the neighbors go to eat?
Cracker Barrel
Arbys
Jimmy Johns
What do the neighbors drive?
Lexus
GMC
Lincoln
What do the neighbors listen to?
Oldies
Adult Hits
New Country
Frequently asked questions
About 3198 Wawae Rd
The listing price of 3198 Wawae Rd property is $2,550,000.
The property 3198 Wawae Rd is a house located in Kalaheo, Hawaii, 96741.
Active Listing: 3198 Wawae Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3198 Wawae Rd are: Kalaheo Elementary School (GreatSchools Rating 5/10), Alaka'I O Kaua'I Charter School (GreatSchools Rating 6/10), Koloa Elementary School (GreatSchools Rating 5/10), Chiefess Kamakahelei Middle School (GreatSchools Rating 5/10), Waimea Canyon Middle School (GreatSchools Rating 1/10), Kapaa Middle School (GreatSchools Rating 2/10), Kawaikini - Ncpcs (GreatSchools Rating 8/10), Kauai High School (GreatSchools Rating 7/10), Waimea High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $3,285 (source: MLS/based on county public records data).
The property at 3198 Wawae Rd has 7 bedrooms and 5 bathrooms.
The property 3198 Wawae Rd is 2,400 SqFt (source: MLS/tax record).
The year of construction for 3198 Wawae Rd is 1995.
This home is located at 3198 Wawae Rd in Kalaheo, HI and zip code 96741. This 2,400 square foot home was built in 1995. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 7, 2024 and is currently priced at $2,550,000.
In June 2025 more than 1 listings in Kalaheo, HI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below. The inventory of homes for sale in Kalaheo, HI between May and June 2025 increased by 8.3%.