3198 Wawae Rd

$2,490,000
Price
7
Beds
2,400 Sq. Ft.
$1,038 / Sq. Ft.
2,400
Sq. Ft.
$1,038
per Sq. Ft.

Description

Income-Producing Property in Lawai Valley Estates – Seller Financing Available 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. Units & Rents: Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace Downstairs Main Home – 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented...Income-Producing Property in Lawai Valley Estates – Seller Financing Available 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. Units & Rents: Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace 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 Studio Cottage – 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai 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 Financials: Total Monthly Income: $14,100–$15,000 Seller Financing Terms: 10% Down ($249,000) 4.75% Interest Up to 5-Year Term Approx. P&I Payment: $11,971.81/month Additional Info: - Fully furnished - Private courtyards and lanais - Chimenea fireplaces in main units - By appointment only – do not disturb tenants - Property does not match county records – buyer to verify - 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 Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
  1. Listed by David D Ower • License #RS-80099 • Brokerage DRE #RB-21841 • eXp Realty
    P: (808)-346-1944 C: (808)-346-1944 david.ower@exprealty.com

Property Details for 3198 Wawae Road

View
Forest, Garden, Mountain(s), Ocean Horizon, Pasture
Waterfront
No
Subdivision Name
KALAHEO HOMESTEADS
Zoning
A
LISTING UPDATED: 11/05/2025 04:07 PM

Property Details for 3198 Wawae Road

StatusActive
MLS #710567
Days on Market582
Taxes$3,186 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Four Or More Units
Year Built1995
CountyKauai County

Location

Listing Courtesy of eXp Realty, David D Ower, License #RS-80099
Add your commute

Building Information for 3198 Wawae Road

Building/Complex3198 Wawae RdFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1995Building Size-

Payment Calculator

$12,569 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,304

Property Taxes

$266

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3198 Wawae Road

Summary
Location and General Information
  • Flood Zone: X
  • Directions: Heading West on Kaumualii Highway just passed the intersection of Koloa Rd. and Kua Rd. make next Right on Wawae Rd. When you come to Wawae Pl. on the Right look to the left and take the paved road on the left-hand side. Go up driveway and property is on the Right side. Street is not a through street.
  • Topography: Terraced
  • Latitude: 21.93136337
  • Longitude: -159.51246427
  • Year Built: 1995
  • Roads: Paved
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2023
  • Association Fee: $0
  • Tax Annual Amount: $3,186
  • Tax Assessed Value: 786300.0
  • Parcel Number: 4-2-4-1-77-1
  • Tax key: 424001077
Parking
  • Garage Area: 832
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Parking Features: Assigned
Property
Lot Information
  • Lot Size Units: Square Feet
  • Living Area Units: Square Feet
  • Project: C T CONDOMINIUM
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Land Tenure: Fee Simple
  • Living Area: 2400.0
  • Lot Size Area: 15159.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2024
  • Covenants Conditions Restrictions: Yes
  • Property Sub Type: Four Or More Units
  • Property Type: Residential Income
Utilities
  • Water Heater: Electric
  • Sewer: Cesspool, Septic Tank
  • Solid Waste Disposal: County-Charge
  • Utilities: Electricity Available, Underground Utilities
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Fencing: Masonry, Wood
  • Structures: No
Interior Features
  • Washer Dryer Type: Dryer, Stacked Washer/Dryer, Washer
  • Elevation Units: Feet
  • Bathrooms Total: 5
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
  • Flooring: Ceramic Tile, Hardwood, Slate
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 7
  • Fireplace Features: Wood Burning
Rental
Rental Information
  • Leasable Area Units: Square Feet

Property History for 3198 Wawae Road

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Price Change

HIS #710567

$2,490,000
Feb 20, 2025

Price Change

HIS #710567

$2,550,000
May 7, 2024

Listed (Active)

HIS #710567

$3,000,000
Jun 4, 2021

Permanently Off Market

HIS #629922

Jun 20, 2019

Listed (Active)

HIS #629922

$2,997,000
May 6, 2008

Permanently Off Market

HIS #208078

Feb 29, 2008

Listed (Active)

HIS #208078

$1,296,000
Aug 9, 2004

Temporarily Off Market

HIS #108160

$399,500
Jan 26, 2002

Listed (Active)

HIS #108160

$399,500
Jan 24, 2002

Permanently Off Market

HIS #100704

Jun 1, 2001

Listed (Active)

HIS #100704

$455,000
DateEvent & SourcePrice
11/05/2025

Price Change

HIS #710567

$2,490,000
02/20/2025

Price Change

HIS #710567

$2,550,000
05/07/2024

Listed (Active)

HIS #710567

$3,000,000
06/04/2021

Permanently Off Market

HIS #629922

06/20/2019

Listed (Active)

HIS #629922

$2,997,000
05/06/2008

Permanently Off Market

HIS #208078

02/29/2008

Listed (Active)

HIS #208078

$1,296,000
08/09/2004

Temporarily Off Market

HIS #108160

$399,500
01/26/2002

Listed (Active)

HIS #108160

$399,500
01/24/2002

Permanently Off Market

HIS #100704

06/01/2001

Listed (Active)

HIS #100704

$455,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3198 Wawae Road

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size95,440 SqFtStyleMiscellaneous AgriculturalZoningAGCountyKAUAIAPN4-2-4-001-077

Schools near 3198 Wawae Road

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Kalaheo Elementary School
PublicPK to 5

Waimea High School
Public9 to 12

Alakai O Kauai Charter School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3198 Wawae Road is a multi-family home for sale in Kalaheo, HI 96741. This property was listed for sale on May 7, 2024 by eXp Realty, it's currently listed at $2,490,000. This listing's school district is Hawaii Department Of Education. Nearby schools include Kalaheo Elementary School, Waimea Canyon Elementary & Intermediate School and Waimea High School. 3198 Wawae Road is a 7-bed, 5-bath, 2,400 sqft multi-family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, David D Ower, License #RS-80099

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.