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.
Under contract
$1,050,000
4721 Ala Wai Rd, Waimea, HI 96796
8beds
2,822sqft
Est.:
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
- 11 days |
- 1,561 |
- 31 |
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#: 727718
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
Estimated market value
$1,044,000
$992,000 - $1.10M
$3,009/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2026 | Contingent | $1,050,000$372/sqft |
Source: | ||
| 2/24/2026 | Listed for sale | $1,050,000$372/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 5/10Kekaha Elementary SchoolGrades: PK-5Distance: 3.6 mi
- 3/10Waimea Canyon Elementary & Intermediate SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Waimea High SchoolGrades: 9-12Distance: 0.4 mi


