Hawaii Living

69-1069 Kolea Kai Circle (Waikoloa)

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Photo 1 of 69-1069 Kolea Kai Circle, Kamuela
Photo 2 of 69-1069 Kolea Kai Circle, Kamuela
Photo 3 of 69-1069 Kolea Kai Circle, Kamuela
69-1069 Kolea Kai Circle, Kamuela
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Description
OCEANFRONT LUXURY! Experience the ultimate in island living at the Blue Wave at Kolea, an oceanfront gem nestled in the prestigious Waikoloa Resort on Hawaii’s stunning Big Island. This exceptional residence blends elegance and comfort with 4 bedrooms, 4 full and 2 half baths, and a host of luxurious features designed to meet your every need.

As you enter through the grand entrance, you'll be greeted by the soothing sound of waterfalls and the tranquility of a Koi pond, all while being drawn to the breathtaking ocean views that define this home. The Blue Wave is perfectly equipped for entertainment and relaxation, featuring a state-of-the-art home theater, a cozy library, a dedicated office space, and even a basketball court. The home’s upgraded Control4 electronics and sound system ensure modern convenience at every turn.

Each of the four spacious bedroom suites offers a private retreat, providing ample space for family and guests to fully enjoy the island lifestyle. The primary suite is a standout with its innovative movable roof, allowing you to enjoy the starry night sky from the comfort of your own bed. A 4-car garage adds both convenience and ample storage for vehicles and outdoor gear, making this property as practical as it is luxurious.

Outside, you'll find an infinity pool and spa that seem to blend effortlessly into the Pacific Ocean, with views extending over the white sands of "A" Bay. An indoor hot tub offers a secluded spot to relax and unwind. Each evening, you’ll be treated to spectacular sunsets that paint the sky in vibrant hues, creating the perfect backdrop for your tropical retreat.

Beyond its stunning design and location, the Blue Wave offers unparalleled access to a white sand beach, as well as nearby restaurants, boutiques, and movie theaters, making it ideal for both relaxation and entertainment. Whether you're seeking a getaway or an investment property, the Blue Wave at Kolea is a dream!
Past Activity
  • May 12, 2025 Sold for $8,750,000
  • Mar 26, 2025 Under Contract
  • Sep 11, 2024 Listed at $9,850,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.15
  • Price / ft²: $1,705
  • Zoning: V-1.25
  • View: Coastline, Mountain(s), Ocean, Sunset
  • Security Features: Gated Community
  • Amenities: Dishwasher, Disposal, Double Oven, Dryer, Indoor Grill, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Wine Cooler
  • TMK: 3690110080000
  • Tax Assessed Value: $9,247,200
  • Courtesy: Hawaii Life / 8088969749
  • MLS: 713273
About Waikoloa Beach Resort
Waikoloa Beach Resort is a master-planned oceanfront resort community of 1,350 acres, first opened in 1981. In addition to the residences, two hotels, the Hilton Waikoloa Village and Waikoloa Beach Marriott, are here.

The first homes were built in 1988, with development still in progress today, continuing to add new homes and homesites.

Every home & condominium community is gated and most residences are permitted to be let as short-term rentals.

Waikoloa Beach Resort Communities

  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 01, 2026.
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  • Sold 5/12/25 at $8,750,000
    (List Price: $9,850,000)
Description
OCEANFRONT LUXURY! Experience the ultimate in island living at the Blue Wave at Kolea, an oceanfront gem nestled in the prestigious Waikoloa Resort on Hawaii’s stunning Big Island. This exceptional residence blends elegance and comfort with 4 bedrooms, 4 full and 2 half baths, and a host of luxurious features designed to meet your every need.

As you enter through the grand entrance, you'll be greeted by the soothing sound of waterfalls and the tranquility of a Koi pond, all while being drawn to the breathtaking ocean views that define this home. The Blue Wave is perfectly equipped for entertainment and relaxation, featuring a state-of-the-art home theater, a cozy library, a dedicated office space, and even a basketball court. The home’s upgraded Control4 electronics and sound system ensure modern convenience at every turn.

Each of the four spacious bedroom suites offers a private retreat, providing ample space for family and guests to fully enjoy the island lifestyle. The primary suite is a standout with its innovative movable roof, allowing you to enjoy the starry night sky from the comfort of your own bed. A 4-car garage adds both convenience and ample storage for vehicles and outdoor gear, making this property as practical as it is luxurious.

Outside, you'll find an infinity pool and spa that seem to blend effortlessly into the Pacific Ocean, with views extending over the white sands of "A" Bay. An indoor hot tub offers a secluded spot to relax and unwind. Each evening, you’ll be treated to spectacular sunsets that paint the sky in vibrant hues, creating the perfect backdrop for your tropical retreat.

Beyond its stunning design and location, the Blue Wave offers unparalleled access to a white sand beach, as well as nearby restaurants, boutiques, and movie theaters, making it ideal for both relaxation and entertainment. Whether you're seeking a getaway or an investment property, the Blue Wave at Kolea is a dream!
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 01, 2026.
    • May 12, 2025 Sold for $8,750,000
    • Mar 26, 2025 Under Contract
    • Sep 11, 2024 Listed at $9,850,000
    Waikoloa Beach Resort is a master-planned oceanfront resort community of 1,350 acres, first opened in 1981. In addition to the residences, two hotels, the Hilton Waikoloa Village and Waikoloa Beach Marriott, are here.

    The first homes were built in 1988, with development still in progress today, continuing to add new homes and homesites.

    Every home & condominium community is gated and most residences are permitted to be let as short-term rentals.

    Waikoloa Beach Resort Communities

      ... Read more
    Other Waikoloa Homes
    $10,499,000
    69-1077 Kolea Kai Circle
    4 Bds | 5.5 Ba
    5,733 ft²
    $3,010,828
    68-2057 Nana Loa St
    4 Bds | 4.5 Ba
    2,883 ft²
    $2,554,426
    68-5510 Nalu Pl
    3 Bds | 2.5 Ba
    2,032 ft²
    $2,481,261
    68-2036 Nana Loa St
    4 Bds | 3 Ba
    2,092 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, our network of agents 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.
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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.