#202503365, Listing Office: Keller Williams Honolulu
85-538 Waianae Valley Rd Waianae, HI 96792
Property details
About 85-538 Waianae Valley Rd
Rare Coastal Valley Gem – Multi-Use Property with Income Potential! Located in one of Oahu’s largest coastal valleys, this stunning property offers breathtaking panoramic views of the Wai‘anae Mountain Range, mesmerizing sunsets, and access to some of the island’s best-kept beach secrets—just blocks away! Two Homes, Endless Possibilities! The main home features 4 bedrooms and 2 full bathrooms, while an additional single-family home offers 3+ bedrooms and 2+ bathrooms (not reflected in tax records). Perfect for multi-generational living or rental income! Event Space with Income Potential! This property also boasts a dedicated event space, complete with two fully permitted bathrooms and room for a commercial kitchen—ideal for weddings, retreats, and private events. Whether you’re looking to generate income or create your own dream venue, the opportunities are endless! With leased PV panels, stunning mountain views, and a spacious, versatile lot, this property is primed for development, CPR potential, or creating your dream home. Don’t miss this unique opportunity to own a multi-use property in paradise! Buyer to conduct due diligence on development and CPR options.
Highlights
(Active Under Contract)
Summary
- Full Bathrooms: 4
- Appliances: Ceiling Fan(s), Dryer, Other, Washer, Water Heater
- Flooring Type: Laminate, Other, Vinyl
- Interior: Ceiling Fan(s), Other, Smoke Detector
- Fireplace: Other
- Total Bedroom Count: 6
- Parking: Boat, Carport, Driveway, Three or more Spaces
- View: Mountain(s)
- Exterior: Other
- Architectural Style: Detached, Multiplex
- Heating: Water Heater
- Cooling: Split System, Wall/Window Unit(s), Ceiling Fan(s)
- List Price: $1,399,000
- Price/SqFt: $422
- Annual Tax Amount: $973
- Tax Year: 2024
- Lot: Cleared, Other, Level
- Year Built: 1945
- Stories: 2
- Living Area: 3,312 SqFt
- MLS Number: 202507716
- MLS Name: HICMLS
- Office Name: eXp Realty
- Office Phone: (808) 725-2794
- Agent Phone: (808) 953-0139
- Agent Email: Briggsluxrealty@gmail.com
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 4:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$1,399,000
85-538 Waianae Valley Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 28, 2002 | Home Sold | $185,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $601,100 | $973 |
2023 | $376,500 | $935 |
2022 | $367,500 | $935 |
2021 | $377,400 | $977 |
2020 | $374,500 | $970 |
2019 | $271,200 | $507 |
2018 | $242,500 | $507 |
2017 | $39,500 | $594 |
History based on county public records data.
Nearby schools
5
Waianae Elementary School
Public District PK-6
0.4 mi
•85-220 McArthur St
8
Leihoku Elementary School
Public District PK-6
0.9 mi
•86-285 Leihoku St
3
Maili Elementary School
Public District PK-6
1.8 mi
•87-360 Kulaaupuni St
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 $71,497. The majority of Waianae, HI residents have income between $35k-100k annually. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
Similar homes for sale
Frequently asked questions
Living in Waianae, HI
Transportation in Waianae includes public bus services that connect residents to the wider Honolulu area. The community's layout encourages a blend of walkability in certain areas, particularly near the beaches and main commercial zones, while other parts are more car-dependent. Major roads provide access to the rest of the island, and enhancements to transportation infrastructure are ongoing to improve connectivity and reduce travel times.
The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare services are available, with local clinics and access to larger medical centers in the Honolulu area. Retail and dining options in Waianae reflect the local culture, offering a taste of Hawaiian cuisine and traditions. The public library system supports the community with educational and cultural resources.
Waianae is celebrated for its strong community spirit and connection to the natural beauty of Hawaii. The area is known for its stunning beaches and outdoor activities, which are central to the lifestyle of residents. Local events and festivals often highlight the rich cultural heritage of the islands, fostering a sense of pride and unity among the community.
Waianae offers a diverse range of housing options, with single-family homes being a significant part of the market. The architectural styles in the area vary, with many homes reflecting island-inspired designs that complement the tropical landscape. While the majority of residences are owner-occupied, there is also a selection of rental properties available for those looking to experience the area before committing to homeownership.
About 85-538 Waianae Valley Rd
The listing price of 85-538 Waianae Valley Rd property is $1,399,000.
The property 85-538 Waianae Valley Rd is a house located in Waianae, Hawaii, 96792.
Accepting Backup Offers: 85-538 Waianae Valley Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 85-538 Waianae Valley Rd are: Waianae Elementary School (GreatSchools Rating 5/10), Leihoku Elementary School (GreatSchools Rating 8/10), Maili Elementary School (GreatSchools Rating 3/10), Waianae Intermediate School (GreatSchools Rating 3/10), Ka Waihona O Ka Naauao - Public Charter School (GreatSchools Rating 3/10), Major Sheldon Wheeler Middle School (GreatSchools Rating 10/10), Kamaile Academy Public Charter School (GreatSchools Rating 3/10), Waianae High School (GreatSchools Rating 2/10), Nanakuli High & Intermediate School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $973 (source: MLS/based on county public records data).
The last sale was on August 28, 2002 for $185,000 (source: MLS/tax record).
The property at 85-538 Waianae Valley Rd has 6 bedrooms and 4 bathrooms.
The property 85-538 Waianae Valley Rd is 3,312 SqFt (source: MLS/tax record).
The year of construction for 85-538 Waianae Valley Rd is 1945.
This home is located at 85-538 Waianae Valley Rd in Waianae, HI and zip code 96792. This 3,312 square foot home was built in 1945. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $1,399,000.
In April 2025, from all listings sold in Waianae, HI there were more than 8 sold above asking price, over 19 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Waianae, HI between March and April 2025 increased by 18.9%. In April 2025, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $525,000.