Hawaii Living

5939 Kalanianaole Hwy (Paiko Lagoon)

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Photo 1 of 5939 Kalanianaole Hwy, Honolulu
5939 Kalanianaole Hwy, Honolulu
Selling or Buying in Paiko Lagoon?
Call/Text Tracy (808) 372-2274 or send a message using the form below.
Tracy Yamato

Tracy Yamato

Certified Residential Specialist
Realtor, RS-51972

Mobile: (808) 372-2274

Email: Tracy@HawaiiLiving.com

"Let my over 33 years of experience work for you."
Client Testimonials
Description
Secluded Shangri-La-Esque waterfront resort living with sweeping mountain and sunrise Views! From the first moment down the exclusive lane to this Perfect Executive Retreat, the gated beauty of the landscaped tropical courtyards signal your arrival at this blissful, calming getaway. This 4BR/4.5BA stunning single level charmer, designed by the renowned architect, Peter Vincent, boasts an enormous master bedroom en suite that opens directly to the 1000 sq ft lanai and peaceful water sanctuary, with its own office/nursery, spacious walk-in closet, and luxurious spa-like bath. A completely open living room layout creates the central clubhouse for the 3 other cabanastyle suites that enjoy separate entrances directly to the custom Bali inspired inner courtyard. Even the loft bedroom has sweeping ceilings with room for a full kitchenette all curated for comfort and privacy. Encounter water fountains singing in the courtyards, birds dancing across the lagoon, and cool off in the L shaped pool. Alone or with friends/family staying in their own suite, this rare find will let you relish in total peace. Hotel accommodations not necessary at your own Hawaiian Resort-Paradise!
Past Activity
  • Jan 31, 2025 Sold for $3,400,000
  • Nov 27, 2024 Under Contract
  • Oct 21, 2024 Price $3,700,000
  • Sep 04, 2024 Price $3,800,000
  • Aug 03, 2024 Back to Active
  • Jul 23, 2024 Under Contract
  • Jun 28, 2024 Listed at $4,000,000
  • Nov 12, 2022 Sold for $3,925,947.67
  • Oct 02, 2022 Under Contract
  • Sep 30, 2022 Listed at $4,250,000
  • Sep 08, 2022 Off Market
  • Mar 10, 2022 Listed at $4,250,000
  • Mar 06, 2022 Off Market
  • Sep 06, 2021 Listed at $4,250,000
  • May 26, 2017 Sold for $2,995,000
  • Apr 18, 2017 Under Contract
  • Apr 10, 2017 Price $2,995,000
  • Jan 12, 2017 Listed at $3,350,000
  • Dec 12, 2016 Off Market
  • Aug 11, 2016 Listed at $3,350,000
  • Jul 27, 2016 Off Market
  • Jan 04, 2016 Listed at $3,390,000
  • Dec 17, 2015 Off Market
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $1,253
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Year Remodeled: 2008
  • Zoning: 03 - R10 - Residential District
  • Flood Zone: Zone VE
  • View: Ocean
  • Furnished: Negotiable
  • Property Condition: Excellent
  • Security Features: Key
  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Landscaped, Maids/Guest Qrters, Patio/Deck, Storage, Wall/Fence
  • TMK: 1-3-8-1-56-0
  • Tax Assessed Land: $1,080,000
  • Tax Assessed Improvements: $1,708,600
  • Tax Assessed Total: $2,788,600
  • Courtesy: H2O Watermark Pacific Prop LLC / (808) 650-2382
  • MLS: 202204425
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 12, 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
$2,450,000
Other Honolulu Homes
Niu Beach
$4,200,000
5789 Kalanianaole Hwy
6 Bds | 7 Ba
4,861 ft²
Kahala
$4,198,000
542 Ahina St
6 Bds | 4.5 Ba
3,662 ft²
Kahala
$4,395,000
4498 Pahoa Ave
3 Bds | 2.5 Ba
2,783 ft²
Pacific Heights
$4,480,000
2960 Laola Pl
4 Bds | 4.5 Ba
4,692 ft²
Portlock
$4,500,000
278 Makaweli Pl
4 Bds | 4.5 Ba
3,742 ft²
Kapiolani
$3,995,000
2117 Date St
Multi-Family

  • Sold 11/10/22 at $3,925,947.67
    (List Price: $4,250,000)
Description
Secluded Shangri-La-Esque waterfront resort living with sweeping mountain and sunrise Views! From the first moment down the exclusive lane to this Perfect Executive Retreat, the gated beauty of the landscaped tropical courtyards signal your arrival at this blissful, calming getaway. This 4BR/4.5BA stunning single level charmer, designed by the renowned architect, Peter Vincent, boasts an enormous master bedroom en suite that opens directly to the 1000 sq ft lanai and peaceful water sanctuary, with its own office/nursery, spacious walk-in closet, and luxurious spa-like bath. A completely open living room layout creates the central clubhouse for the 3 other cabanastyle suites that enjoy separate entrances directly to the custom Bali inspired inner courtyard. Even the loft bedroom has sweeping ceilings with room for a full kitchenette all curated for comfort and privacy. Encounter water fountains singing in the courtyards, birds dancing across the lagoon, and cool off in the L shaped pool. Alone or with friends/family staying in their own suite, this rare find will let you relish in total peace. Hotel accommodations not necessary at your own Hawaiian Resort-Paradise!
    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.
    • Jan 31, 2025 Sold for $3,400,000
    • Nov 27, 2024 Under Contract
    • Oct 21, 2024 Price $3,700,000
    • Sep 04, 2024 Price $3,800,000
    • Aug 03, 2024 Back to Active
    • Jul 23, 2024 Under Contract
    • Jun 28, 2024 Listed at $4,000,000
    • Nov 12, 2022 Sold for $3,925,947.67
    • Oct 02, 2022 Under Contract
    • Sep 30, 2022 Listed at $4,250,000
    • Sep 08, 2022 Off Market
    • Mar 10, 2022 Listed at $4,250,000
    • Mar 06, 2022 Off Market
    • Sep 06, 2021 Listed at $4,250,000
    • May 26, 2017 Sold for $2,995,000
    • Apr 18, 2017 Under Contract
    • Apr 10, 2017 Price $2,995,000
    • Jan 12, 2017 Listed at $3,350,000
    • Dec 12, 2016 Off Market
    • Aug 11, 2016 Listed at $3,350,000
    • Jul 27, 2016 Off Market
    • Jan 04, 2016 Listed at $3,390,000
    • Dec 17, 2015 Off Market
    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
    $2,450,000
     
    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.