Hawaii Living

240 Kalama St (Kalama Tract & Coconut Grove)

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Photo 1 of 240 Kalama St, Kailua
240 Kalama St, Kailua
Selling or Buying in Kalama Tract & Coconut Grove?
Description
A perfect opportunity to live in the heart of Kailua town, just blocks from the beach. Home is basically a teardown or Major Renovation. This home has been family owned for generations. level lot, utilities such as electric meter sewer and water meters have been connected to property. Home is being Sold AS-S and is to show. Seller will look at offers after open house by July 29th for further info or to schedule, a showing contact listing agents. Tax records do not reflect actual beds and baths.
Past Activity
  • Oct 22, 2025 Sold for $1,000,000
  • Sep 26, 2025 Under Contract
  • Jul 22, 2025 Listed at $1,150,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $1,276
  • Zoning: 07 - R-3.5 Residential District
  • Flood Zone: Zone X
  • Furnished: Partial
  • Property Condition: Tear Down
  • Security Features: Key
  • TMK: 1-4-3-38-2-0
  • Tax Assessed Land: $1,012,800
  • Tax Assessed Improvements: $166,700
  • Tax Assessed Total: $1,179,500
  • Courtesy: Coldwell Banker Realty / (808) 262-3104
  • MLS: 202516254
About Kalama Tract & Coconut Grove
See this aerial video of Coconut Grove and Kalama Tract homes.

For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

The Homes of Coconut Grove
This is one of the most affordable Kailua neighborhoods,   ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 12, 2025.Information is deemed reliable but not guaranteed.
Other Kalama Tract & Coconut Grove Homes
$1,125,000
338 Manono St#B
2 Bds | 1 Ba
843 ft²
$1,185,000
755 Kaipii St
3 Bds | 1 Ba
892 ft²
$999,999
327 Kihapai St
3 Bds | 1 Ba
867 ft²
$1,340,000
245 Hualani St#A
4 Bds | 2 Ba
1,496 ft²
Other Oahu Homes
Waimanalo
$1,100,000
41-555 Hihimanu St
3 Bds | 2 Ba
1,344 ft²
Olomana
$1,199,000
1355 Manu Mele St#A
3 Bds | 2 Ba
1,200 ft²
Hoakalei
$1,150,000
91-1033 Kaiamalo St
4 Bds | 2.5 Ba
1,922 ft²
Salt Lake Honolulu & Moanalua
$1,150,000
1547 Ala Aolani St
3 Bds | 2 Ba
1,008 ft²
Kalihi
$1,150,000
2840C Kalihi St
6 Bds | 4 Ba
2,576 ft²
Paalaakai
$1,150,000
66-925 Ulihi Pl
2 Bds | 2 Ba
960 ft²
  • Sold 10/22/25 at $1,000,000
    (List Price: $1,150,000)
Description
A perfect opportunity to live in the heart of Kailua town, just blocks from the beach. Home is basically a teardown or Major Renovation. This home has been family owned for generations. level lot, utilities such as electric meter sewer and water meters have been connected to property. Home is being Sold AS-S and is to show. Seller will look at offers after open house by July 29th for further info or to schedule, a showing contact listing agents. Tax records do not reflect actual beds and baths.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 12, 2025.Information is deemed reliable but not guaranteed.
    • Oct 22, 2025 Sold for $1,000,000
    • Sep 26, 2025 Under Contract
    • Jul 22, 2025 Listed at $1,150,000
    See this aerial video of Coconut Grove and Kalama Tract homes.

    For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

    Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

    The Homes of Coconut Grove
    This is one of the most affordable Kailua neighborhoods,   ... Read more
    Other Kalama Tract & Coconut Grove Homes
    $1,125,000
    338 Manono St#B
    2 Bds | 1 Ba
    843 ft²
    $1,185,000
    755 Kaipii St
    3 Bds | 1 Ba
    892 ft²
    $999,999
    327 Kihapai St
    3 Bds | 1 Ba
    867 ft²
    $1,340,000
    245 Hualani St#A
    4 Bds | 2 Ba
    1,496 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.