Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202600742 $2,095,000
Studio with 0 Baths221 KIHAPAI STREET 0
KAILUA HI 96734MLS: 202600742
Status: ACTIVE
List Price: $2,095,000
Price per SQFT: $0
Square Footage: 0Studio
0 Baths
Zip Code: 96734
Listing Remarks
Set within a truly magical and serene setting, the property enjoys panoramic views of the majestic Ko'olau Mountains and 218' of canal frontage and direct access to the peaceful Maunawili Stream. This entire parcel backs up against county land, allowing Units 2 & 3 to live much larger than their 5,000 sq. ft. entitlement suggests, providing an extraordinary sense of privacy and connection to nature. “Kihapai Ohana” represents a rare Kailua development opportunity: a fully approved three-home Residential CPR situated on an approximately 15,008 sq. ft. fee-simple parcel in an established neighborhood. Build one large residence or take advantage of existing approval for three separate CPR dwellings, allowing immediate development potential, as the property has already been separated into three spatial units (1, 2, and 3), each offering roughly 5,000 sq. ft. of exclusive-use land—allowing buyers to focus on design and construction rather than entitlement hurdles. Unit 3 has a DPP APPROVED permit for a 1,607sq. ft. 4bd/2ba single level dwelling that takes full advantage of the 120' of canal frontage, with Ko'olau views from every bedroom.
Address: 221 KIHAPAI STREET 0 KAILUA HI 96734
Listing Courtesy of HAWAII LIFE
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2026-01-12 BEDROOMS: 0 BATHROOMS FULL: 0 BATHROOMS HALF: 0 LIVING AREA SQ FT: 0 BUILDING AREA TOTAL: 0 TAXES: $300 ARCHITECTURAL STYLE: Detached BUILDING NAME: Na CONSTRUCTION: Other COMMUNITY FEATURES: None FLOORING: Other LOT FEATURES: Yard PARKING FEATURES: Open PROPERTY TYPE: Residential PROPERTY SUB TYPE: Condominium VIEW: Mountains, Other LISTING AGENT: CHERIE TSUKAMOTO LISTING OFFICE: HAWAII LIFE LISTING CONTACT: (800) 667-5028
Estimated Monthly Payments
List Price: $2,095,000 20% Down Payment: $419,000 Loan Amount: $1,676,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $10,593 Estimate does not include taxes, fees, insurance.
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Property Location: 221 KIHAPAI STREET 0 KAILUA HI 96734
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2026-02-26