Hawaii Living

Ka Malanai At Kailua #2106 (Kailua Town)

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497 Kailua Rd #2106, Kailua

This property was sold November 03, 2021 for $970,000
Description
Welcome home to your beach property in Ka Malanai@Kailua project. Very convenient location, near distance to restaurants, gyms, supermarkets, and famous beaches in Kailua. It’s a MODEL unit, fully furnished with beautiful finishes. High ceiling and spacious interior with a large lanai. Unit with the staircase from the garage straight to the front door feels like a single-family. The project has resort-like grounds with barbecue areas, exercise stations, and storage area for bikes and sports equipment. Low maintenance fee. Must see to appreciate it. Tenant occupied. Lease till 8/31/2022. All pictures were taken prior to the tenant moving in.
Past Activity
  • Nov 03, 2021 Sold for $970,000
  • Aug 25, 2021 In Escrow
  • Aug 25, 2021 Listed at $1,000,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $0.50
  • Price / Interior Sf: $787
  • HOA Fees Include: Other Common Expenses, Sewer, Water
  • Zoning: 12 - A-2 Medium Density Apartme
  • View: Garden, Mountain
  • Owner Occupancy: 65%
  • Management Company: Hawaiiana
  • Security Features: Key, Keyed Elevator
  • Amenities: BBQ, Resident Manager, Trash Chute
  • TMK: 1-4-2-1-59-27
  • Tax Assessed Land: $196,600
  • Tax Assessed Improvements: $655,800
  • Tax Assessed Total: $852,400
  • Courtesy: Coldwell Banker Realty
  • MLS: 202121460
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 26, 2022. Information is deemed reliable but not guaranteed.
About Ka Malanai At Kailua
  • Built in 2014, 1 - 3BR, Pets: OK (verify). 
  • Ameneties include Exercise Room and Resident Manager.
  • Located in Kailua Town, being the newest condo complex in Kailua with high efficiency central AC and much more. 

See this aerial video of Ka Malanai at Kailua 

About Ka Malanai at Kailua
There was a lot of excitement when Ka Malanai at Kailua from the moment it was announced, and for good reason. First, just because it was actually happening. This was, after all, the first new residential construction in Kailua for at least 2 decades.

It was also because it gave homebuyers a relatively more affordable option in a place where real estate prices have outpaced even Hawaii's hot market. We say relatively because these aren't 'affordable properties' in the strict sense. These are very nice residences with enticing layouts right in central Kailua.

Those layouts break down this way, in alphabetical order:

Description
Welcome home to your beach property in Ka Malanai@Kailua project. Very convenient location, near distance to restaurants, gyms, supermarkets, and famous beaches in Kailua. It’s a MODEL unit, fully furnished with beautiful finishes. High ceiling and spacious interior with a large lanai. Unit with the staircase from the garage straight to the front door feels like a single-family. The project has resort-like grounds with barbecue areas, exercise stations, and storage area for bikes and sports equipment. Low maintenance fee. Must see to appreciate it. Tenant occupied. Lease till 8/31/2022. All pictures were taken prior to the tenant moving in.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 26, 2022. Information is deemed reliable but not guaranteed.
  • Built in 2014, 1 - 3BR, Pets: OK (verify). 
  • Ameneties include Exercise Room and Resident Manager.
  • Located in Kailua Town, being the newest condo complex in Kailua with high efficiency central AC and much more. 

See this aerial video of Ka Malanai at Kailua 

About Ka Malanai at Kailua
There was a lot of excitement when Ka Malanai at Kailua from the moment it was announced, and for good reason. First, just because it was actually happening. This was, after all, the first new residential construction in Kailua for at least 2 decades.

It was also because it gave homebuyers a relatively more affordable option in a place where real estate prices have outpaced even Hawaii's hot market. We say relatively because these aren't 'affordable properties' in the strict sense. These are very nice residences with enticing layouts right in central Kailua.

Those layouts break down this way, in alphabetical order:

 
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.