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Under contract
  • $1,050,000

    4721 Ala Wai Rd, Waimea, HI 96796

    8beds
    2,822sqft
    : 
    Single Family Residence
    Built in 1926
    0.34 Acres Lot
    $1,044,000 Zestimate®
    $372/sqft
    $-- HOA

    What's special

    Covered parkingCharming cottage-style second dwellingSurrounded by mature greeneryAmple outdoor space
    Nestled in the heart of Waimea Valley... this exceptional multi-dwelling property offers a rare blend of flexibility, legacy charm, and island living. Situated on a generous 14,813 square foot lot, this unique offering features three (3) separate residential homes with a total of 8 bedrooms and 4 bathrooms, making it ideal for extended family living, multi-generational use, or long-term rental income. The main residence, rich with classic Waimea character, offers 3 bedrooms and 2 bathrooms across 1,246 square feet, complete with covered parking and ample outdoor space. A charming cottage-style second dwelling provides 2 bedrooms and 1 bathroom, perfect for guests or rental use. And the third home, built later, adds another 3 bedrooms and 1 bathroom, creating excellent separation and versatility across the property. Each structure maintains its own identity while sharing a cohesive sense of place, surrounded by mature greenery and the relaxed rhythm that Waimea is known for. Each dwelling has been recently fumigated and each has a flood elevation certificate Located just minutes from Waimea town, schools, beaches, hospitals, and the west side’s iconic coastline, this is a truly special chance to own and create your own family village in one of Kauai’s most culturally rich communities. Whether you are looking to create a family legacy property, invest in multi-unit living, or simply enjoy the space and freedom that three homes provide, this Waimea Valley gem delivers something truly rare.
    11 days
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    1,561
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    31
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    Zillow last checked: 8 hours ago

    Listing updated: March 06, 2026 at 07:33am

    Listed by:

    Ashley M. Carvalho 8086399307,

    Kauai Realty, Inc.,

    Mark K. Tanaka 808-639-0367,

    Kauai Realty, Inc.

    Source: Hawaii Information Service,MLS#: 727718MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Features
    • Flooring: Carpet, Resin Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 2,822
    • Total interior livable area: 2,822 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Attached, Covered
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 4160110260000
    • Zoning: R-4
    • Special conditions: Fee Simple,Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1926

    Utilities & green energy

    • Water: Public
    • Utilities for property: Electricity Available, Sewer Connected, Water Available

    Community & HOA

    Community
    • Subdivision: WAIMEA VALLEY
    Location
    • Region: Waimea

    Financial & listing details

    • Price per square foot: $372/sqft
    • Tax assessed value: $696,200
    • Annual tax amount: $2,754
    • Date on market: 2/24/2026
    • Listing terms: Cash,Conventional
    • Ownership: Full
    • Electric utility on property: Yes
    Get pre-qualifiedBe ready to make an offer.
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    Estimated market value

    $1,044,000

    $992,000 - $1.10M

    $3,009/mo

    Price history

    Price history
    DateEventPrice
    3/7/2026Contingent$1,050,000$372/sqft
    Source: Hawaii Information Service #727718 Report a problem
    2/24/2026Listed for sale$1,050,000$372/sqft
    Source: Hawaii Information Service #727718 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$2,755 +3.9%$696,200 +3%
    2024$2,652 +53%$675,900 +3%
    2023$1,734 -8%$656,200 +3%
    2022$1,885 +47.7%$637,100 +3%
    2021$1,276 -28%$618,500 +3%
    2020$1,774 $600,500 +21%
    2019-- $496,400 +3%
    2018$1,412 +3.1%$481,900 +79.9%
    2017$1,369 +50.6%$267,800 +4.2%
    2016$909 $257,100 -43%
    2015$909 $450,700
    2014-- $450,700

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $5,157/mo
    Principal & interest
    $4956
    Property taxes
    $201

      Climate risks

      Neighborhood: 96796

      Getting around

      26 / 100
      Car-Dependent
      10 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating

      Local experts in 96796