Hawaii Living

518 Olomana St (Kalama Tract / Coconut Grove)

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518 Olomana St, Kailua
This property was sold December 29, 2021 for $1,675,000
Description
NEW LISTING!! Come see this absolutely charming Kailua residence that’s perfect for extended family living or investment opportunity. This 6 bdrm/3 bath property is separated into 3 separate living quarters. The front main home is a 3 bdrm/1 bath SINGLE LEVEL home and features new stainless-steel appliances, fresh interior and exterior paint, and new vinyl plank flooring. The back structure is made up of an upstairs 2 bdrm 1 bath unit with all new flooring, new stainless-steel appliances, fresh paint, and its own separate entry AND don’t forget about the downstairs BONUS in-law’s quarters with a wet bar and separate entrance. Other features include a leased Tesla PV system, ample parking in front of the property, and a backyard swimming pool. Ideally located just minutes away from the beach, shopping, and restaurants. Don’t miss this fantastic RARE opportunity!
Past Activity
  • Dec 29, 2021 Sold for $1,675,000
  • Nov 26, 2021 In Escrow
  • Nov 26, 2021 Back to Active
  • Nov 15, 2021 In Escrow
  • Nov 05, 2021 Listed at $1,495,000
More Details
  • Owner, Tax & Resale History: Click here
  • Price / Interior Sf: $536
  • Zoning: 05 - R-5 Residential District
  • Elementary School: Kainalu
  • Middle School: Kailua
  • High School: Kalaheo
  • View: Mountain
  • Flood Zone: Zone X
  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Storage, Wall/Fence
  • TMK: 1-4-3-67-82-0
  • Tax Assessed Land: $731,800
  • Tax Assessed Improvements: $147,100
  • Tax Assessed Total: $878,900
  • Courtesy: BHGRE Advantage Realty
  • MLS: 202123392
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 28, 2022. Information is deemed reliable but not guaranteed.
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.

Kailua In Reach – The Homes of Coconut Grove
This is one of the most affordable Kailua neighborhoods, as well as one of its oldest. It's not uncommon to find houses that were built here in the 1940's. The more intimate style of old Hawaii is prevalent in Coconut Grove homes, many of which could be called bungalows or cottages.

The vintage structures present a few golden opportunities. Some have been remodeled into incredibly picturesque throwback homes with m  ....click here to read more
Description
NEW LISTING!! Come see this absolutely charming Kailua residence that’s perfect for extended family living or investment opportunity. This 6 bdrm/3 bath property is separated into 3 separate living quarters. The front main home is a 3 bdrm/1 bath SINGLE LEVEL home and features new stainless-steel appliances, fresh interior and exterior paint, and new vinyl plank flooring. The back structure is made up of an upstairs 2 bdrm 1 bath unit with all new flooring, new stainless-steel appliances, fresh paint, and its own separate entry AND don’t forget about the downstairs BONUS in-law’s quarters with a wet bar and separate entrance. Other features include a leased Tesla PV system, ample parking in front of the property, and a backyard swimming pool. Ideally located just minutes away from the beach, shopping, and restaurants. Don’t miss this fantastic RARE opportunity!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 28, 2022. Information is deemed reliable but not guaranteed.
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.

Kailua In Reach – The Homes of Coconut Grove
This is one of the most affordable Kailua neighborhoods, as well as one of its oldest. It's not uncommon to find houses that were built here in the 1940's. The more intimate style of old Hawaii is prevalent in Coconut Grove homes, many of which could be called bungalows or cottages.

The vintage structures present a few golden opportunities. Some have been remodeled into incredibly picturesque throwback homes with m  ....click here to read more
 
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. However, the sale is still 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 more about Oahu property taxes here.