Hawaii Living

540 Olomana St (Kalama Tract & Coconut Grove)

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Photo 1 of 540 Olomana St, Kailua
540 Olomana St, Kailua
Selling or Buying in Kalama Tract & Coconut Grove?
Description
Completely remodeled single-level 4-bedroom, 2-bath home in the heart of Kailua’s beach town charm. Blending modern style with timeless Hawaiiana design, this home features a brand-new roof, windows, kitchen, and baths—making it the next best thing to buying new construction. Enjoy light-filled open living spaces, quality finishes, and thoughtful updates throughout. Located within walking distance to world-famous Kailua Beach, boutique shopping, and award-winning eateries, this home offers the perfect balance of island lifestyle and modern comfort.
Past Activity
  • Oct 15, 2025 Sold for $1,459,000
  • Sep 11, 2025 Under Contract
  • Aug 13, 2025 Listed at $1,450,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $1,048
  • Year Remodeled: 1982
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • Property Condition: Excellent
  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Wall/Fence
  • TMK: 1-4-3-67-78-0
  • Tax Assessed Land: $1,042,500
  • Tax Assessed Improvements: $148,000
  • Tax Assessed Total: $1,190,500
  • Courtesy: Coldwell Banker Island Prop
  • MLS: 202517986
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 06, 2025.Information is deemed reliable but not guaranteed.
Other Kalama Tract & Coconut Grove Homes
$1,445,000
610 A Halela St
4 Bds | 2 Ba
1,196 ft²
$1,420,000
637 Kuaaina Way
4 Bds | 3 Ba
1,592 ft²
$1,395,000
453 Ulupaina St#A
4 Bds | 3 Ba
1,304 ft²
$1,340,000
245 Hualani St#A
4 Bds | 2 Ba
1,496 ft²
Other Oahu Homes
Olomana
$1,350,000
1519 Uluhaku Pl
4 Bds | 2 Ba
1,805 ft²
Koolaupoku
$1,199,000
813 Maluniu Ave
4 Bds | 1 Ba
1,012 ft²
Hoakalei
$1,450,000
91-1252 Kaikohola St#D53
4 Bds | 2.5 Ba
2,072 ft²
Kapolei Aeloa
$1,450,000
91-1009 Lipo St
5 Bds | 3.5 Ba
2,184 ft²
Kalama Valley
$1,450,000
1262 Pihana St
3 Bds | 3 Ba
2,476 ft²
Lulani Ocean
$1,450,000
47-220 Kamehameha Hwy
4 Bds | 3 Ba
1,938 ft²
  • Sold 10/15/25 at $1,459,000
    (List Price: $1,450,000)
Description
Completely remodeled single-level 4-bedroom, 2-bath home in the heart of Kailua’s beach town charm. Blending modern style with timeless Hawaiiana design, this home features a brand-new roof, windows, kitchen, and baths—making it the next best thing to buying new construction. Enjoy light-filled open living spaces, quality finishes, and thoughtful updates throughout. Located within walking distance to world-famous Kailua Beach, boutique shopping, and award-winning eateries, this home offers the perfect balance of island lifestyle and modern comfort.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2025.Information is deemed reliable but not guaranteed.
    • Oct 15, 2025 Sold for $1,459,000
    • Sep 11, 2025 Under Contract
    • Aug 13, 2025 Listed at $1,450,000
    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
    $1,445,000
    610 A Halela St
    4 Bds | 2 Ba
    1,196 ft²
    $1,420,000
    637 Kuaaina Way
    4 Bds | 3 Ba
    1,592 ft²
    $1,395,000
    453 Ulupaina St#A
    4 Bds | 3 Ba
    1,304 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.