Hawaii Living

88-1543 Elima Ave (Captain Cook)

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88-1543 Elima Ave, Captain Cook
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Description
Owner financing available with $200k down, 7%, 3 years, with balloon payment. Discover the perfect blend of comfort, efficiency, and island charm in this fully permitted and fully furnished 2-bedroom, 2-bath home in the historic fishing village of Miloli‘i, Hawai‘i. Thoughtfully designed with modern conveniences and breathtaking ocean views, this property offers an ideal retreat for full-time living, vacationing, or investment.The home’s interior combines style with practicality, featuring stained concrete floors on the lower level and warm bamboo flooring upstairs. An open layout highlights the kitchen, complete with built-in cabinets, ample storage, and a passthrough window leading to the expansive upstairs lanai—perfect for entertaining while watching unforgettable sunsets over the Pacific. Both the upstairs and downstairs bedrooms are spacious with large closets, while the bathrooms feature modern touches including a bidet toilet. The remaining downstairs space includes a utility room and two "bedrooms" divided by a shoji screen wall. Accessibility is prioritized with a stair-lift chair for ease of movement between floors. Sustainability and low-maintenance living shine here, with a reliable photovoltaic system that keeps the average electric bill around \$30 per month. A huge solar water heater provides abundant hot water, and the 10,000-gallon catchment system with UV filtration ensures a dependable and clean water supply. After a day of exploring the Big Island, relax in your private jacuzzi while enjoying the cool ocean breeze and starlit skies.This property also includes the adjacent lot, TMK-3-8-8-6-97, featuring a 10' x 30' three-car garage/shed with plenty of room left over for a pool, additional storage, or even the construction of another home. With this added space, the possibilities for expansion and customization are endless. From its ocean views and energy-efficient systems to its thoughtful finishes and additional lot, this Miloli‘i gem!
Recent Activity
  • Aug 29, 2025 Listed at $635,000
Recent Sales
(Captain Cook)
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.18
  • Price / ft²: $413
  • Zoning: A-5A
  • View: Coastline, Ocean
  • TMK: 3880060960000
  • Tax Assessed Value: $374,500
  • Courtesy: Hawaii Estates LLC / 8083336230
  • MLS: 723633
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 25, 2026.
Other Captain Cook Homes
$699,000
88-1968 Milolii Rd
3 Bds | 2 Ba
1,444 ft²
Leasehold
$724,000
83-5782 Napoopoo Rd
1 Bd | 2 Ba
1,550 ft²
$760,000
87-2793 Hawaii Belt Rd
1 Bd | 0.5 Ba
400 ft²
Leasehold
$499,000
84-539 Telephone Exchange Rd
2 Bds | 1 Ba
814 ft²
Other Big Island Homes
Volcano
$635,000
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Ocean View Big Island
$639,000
92-8305 Poko Dr
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2,304 ft²
Naalehu
$639,000
94-5763 Awa Pae Pl
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1,660 ft²
Kona
$640,000
73-4216 Kiekie St
3 Bds | 1 Ba
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Hilo
$630,000
301 Ponahawai St
4 Bds | 4 Ba
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Keaau
$629,000
15-974 Paradise Ala Kai Dr
3 Bds | 2 Ba
1,232 ft²
  • Asking Price: $635,000
Description
Owner financing available with $200k down, 7%, 3 years, with balloon payment. Discover the perfect blend of comfort, efficiency, and island charm in this fully permitted and fully furnished 2-bedroom, 2-bath home in the historic fishing village of Miloli‘i, Hawai‘i. Thoughtfully designed with modern conveniences and breathtaking ocean views, this property offers an ideal retreat for full-time living, vacationing, or investment.The home’s interior combines style with practicality, featuring stained concrete floors on the lower level and warm bamboo flooring upstairs. An open layout highlights the kitchen, complete with built-in cabinets, ample storage, and a passthrough window leading to the expansive upstairs lanai—perfect for entertaining while watching unforgettable sunsets over the Pacific. Both the upstairs and downstairs bedrooms are spacious with large closets, while the bathrooms feature modern touches including a bidet toilet. The remaining downstairs space includes a utility room and two "bedrooms" divided by a shoji screen wall. Accessibility is prioritized with a stair-lift chair for ease of movement between floors. Sustainability and low-maintenance living shine here, with a reliable photovoltaic system that keeps the average electric bill around \$30 per month. A huge solar water heater provides abundant hot water, and the 10,000-gallon catchment system with UV filtration ensures a dependable and clean water supply. After a day of exploring the Big Island, relax in your private jacuzzi while enjoying the cool ocean breeze and starlit skies.This property also includes the adjacent lot, TMK-3-8-8-6-97, featuring a 10' x 30' three-car garage/shed with plenty of room left over for a pool, additional storage, or even the construction of another home. With this added space, the possibilities for expansion and customization are endless. From its ocean views and energy-efficient systems to its thoughtful finishes and additional lot, this Miloli‘i gem!
    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 25, 2026.
    • Aug 29, 2025 Listed at $635,000
    Other Captain Cook Homes
    $699,000
    88-1968 Milolii Rd
    3 Bds | 2 Ba
    1,444 ft²
    Leasehold
    $724,000
    83-5782 Napoopoo Rd
    1 Bd | 2 Ba
    1,550 ft²
    $760,000
    87-2793 Hawaii Belt Rd
    1 Bd | 0.5 Ba
    400 ft²
    Leasehold
    $499,000
    84-539 Telephone Exchange Rd
    2 Bds | 1 Ba
    814 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.
    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.