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240 Paiko Dr (Paiko Lagoon)

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240 Paiko Dr, Honolulu
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We are expert real estate agents who know Paiko Lagoon very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
MASSIVE $200K PRICE REDUCTION. The only BEACH FRONT VACANT LAND, in EAST HONOLULU, OAHU with more than 65 linear feet of sandy beach fronting famous surfing spots Toes and Secrets currently available UNDER $15,000,000. Paiko Beach consists of only 22 residences that are beach front. Priced $772,000 BELOW TAX ASSESSED VALUE! Endless water activities are made possible by the barrier reef creating a calm and protected sandy beach front. Seller has obtained APPROVED SHORELINE CERTIFICATION (see listing supplements) 21 feet forward (towards the ocean) of the property line. With all setbacks considered, this property still has a buildable footprint area of more than 4,290 square feet for a single level home! More if you build a second story. Seller has attached and completed the K2 Standard Survey, Shoreline Certification Survey and Topo Map. No Easements or Encroachments. Also listed in MLS as vacant land, see MLS#202513208
Recent Activity
  • Sep 12, 2025 Price $2,450,000
  • Jun 01, 2025 Listed at $2,650,000
  • Apr 17, 2025 Sold for $1,870,000
  • Apr 17, 2025 Off Market
  • Mar 11, 2025 Under Contract
  • Feb 26, 2025 Listed at $1,995,000
Recent Sales
(Paiko Lagoon)
More Details
  • Owner, Tax & Resale History
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 04 - R-7.5 Residential District
  • Flood Zone: Zone AE,Zone VE
  • View: Coastline, Diamond Head, Garden, Mountain, Ocean, Other, Sunrise, Sunset
  • Property Condition: Excellent
  • Amenities: Wall/Fence
  • TMK: 1-3-8-1-7-0
  • Tax Assessed Land: $3,222,500
  • Tax Assessed Total: $3,222,500
  • Courtesy: Coldwell Banker Realty / (808) 596-0456
  • MLS: 202513207
Ask George a Question
About Paiko Lagoon
See our video of Paiko Lagoon homes.

The Homes & Neighborhood
A hidden gem, Paiko Lagoon is a charming luxury residential coastal community of about 120 homes in Honolulu located on the oceanside of Kalanianaole Hwy bordered by Hawaii Kai to the east and Niu Beach to the west. Paiko Lagoon homes for sale are valued between $1M to $5M and lots typically range between 5,000 to 25,000 sq ft.

At the heart of Paiko Lagoon is a calm peaceful State Wildlife Sanctuary, which offers surrounding homeowners serenity, privacy and gorgeous views. Freshwater springs feed the ancient mystica  ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2025.Information is deemed reliable but not guaranteed.
Other Paiko Lagoon Homes
$3,680,000
218 Paiko Dr
5 Bds | 2 Ba
1,636 ft²
$4,999,000
5949 Kalanianaole Hwy#A
4 Bds | 4.5 Ba
4,427 ft²
Other Honolulu Homes
Punchbowl
$2,450,000
2134 Kanealii Ave
9 Bds | 6.5 Ba
4,254 ft²
Punchbowl
$2,450,000
Waialae Iki
$2,450,000
1789 Laukahi St
5 Bds | 4.5 Ba
3,216 ft²
Dowsett
$2,488,000
55-A Old Pali Pl
2 Bds | 2.5 Ba
3,005 ft²
Makiki
$2,499,000
1214 Nehoa St#A
5 Bds | 4 Ba
3,052 ft²
Kuliouou
$2,400,000
466 Lani St
4 Bds | 4 Ba
3,950 ft²
  • Asking Price: $2,450,000
Description
MASSIVE $200K PRICE REDUCTION. The only BEACH FRONT VACANT LAND, in EAST HONOLULU, OAHU with more than 65 linear feet of sandy beach fronting famous surfing spots Toes and Secrets currently available UNDER $15,000,000. Paiko Beach consists of only 22 residences that are beach front. Priced $772,000 BELOW TAX ASSESSED VALUE! Endless water activities are made possible by the barrier reef creating a calm and protected sandy beach front. Seller has obtained APPROVED SHORELINE CERTIFICATION (see listing supplements) 21 feet forward (towards the ocean) of the property line. With all setbacks considered, this property still has a buildable footprint area of more than 4,290 square feet for a single level home! More if you build a second story. Seller has attached and completed the K2 Standard Survey, Shoreline Certification Survey and Topo Map. No Easements or Encroachments. Also listed in MLS as vacant land, see MLS#202513208
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2025.Information is deemed reliable but not guaranteed.
    • Sep 12, 2025 Price $2,450,000
    • Jun 01, 2025 Listed at $2,650,000
    • Apr 17, 2025 Sold for $1,870,000
    • Apr 17, 2025 Off Market
    • Mar 11, 2025 Under Contract
    • Feb 26, 2025 Listed at $1,995,000
    See our video of Paiko Lagoon homes.

    The Homes & Neighborhood
    A hidden gem, Paiko Lagoon is a charming luxury residential coastal community of about 120 homes in Honolulu located on the oceanside of Kalanianaole Hwy bordered by Hawaii Kai to the east and Niu Beach to the west. Paiko Lagoon homes for sale are valued between $1M to $5M and lots typically range between 5,000 to 25,000 sq ft.

    At the heart of Paiko Lagoon is a calm peaceful State Wildlife Sanctuary, which offers surrounding homeowners serenity, privacy and gorgeous views. Freshwater springs feed the ancient mystica  ..... Read more.
    Other Paiko Lagoon Homes
    $3,680,000
    218 Paiko Dr
    5 Bds | 2 Ba
    1,636 ft²
    $4,999,000
    5949 Kalanianaole Hwy#A
    4 Bds | 4.5 Ba
    4,427 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.