Great Investment Property with Potential $135,000 in annual income!
This property has two (2) beautifully remodeled homes on Kynnersley Road in Kapaau offer exceptional income. , all set against expansive ocean and lush forest views. With a total of five separate living spaces, this unique property provides the flexibility to live in one unit while generating rental income from the others.
Both homes have been thoughtfully renovated from the ground up, featuring new flooring, updated kitchens with modern appliances, new cabinetry, refreshed bathrooms with new tub and shower enclosures, updated toilets, interior and exterior paint, doors, and more. Designed with versatility in mind, the layout supports extended family living or multiple income-producing units.
Front Home (Units 1 & 2):
Two well-designed 2-bedroom, 1-bath units, each with a private entrance. The units share a washer and dryer located in the downstairs utility room. The property includes a one-car carport, an additional parking space, and a pleasant front yard.
Back Home (Units 3, 4 & 5):
Reconfigured into three separate living spaces:
Unit 3: Spacious 3-bedroom, 1.5-bath residence with a large lanai, two-car carport, fully remodeled interior, comfortable bedrooms, and beautiful ocean views. The primary bedroom also features its own private lanai.
Unit 4: Private studio with ocean views and a single parking space at entrance to the unit.
Unit 5: Approximately 450 sq ft studio with bathroom and kitchenette—ideal for guests, extended family, or additional rental income.
Whether you're seeking a strong investment property or a flexible living arrangement with income potential, this rare offering delivers. Live in one and rent the others—rental income may offset a significant portion of your mortgage payment.
Priced at current appraisal and easy to show
For sale
Price cut: $40K (3/31)
$1,258,888
54-2378 Kynnersley Rd, Kapaau, HI 96755
8beds
3,052sqft
Est.:
Single Family Residence
Built in 1950
0.34 Acres Lot
$-- Zestimate®
$412/sqft
$-- HOA
What's special
Beautiful ocean viewsPleasant front yardAdditional parking spaceUpdated toiletsTwo-car carportOne-car carportFully remodeled interior
- 46 days |
- 574 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Genevieve S Firestone 8088964842,
Hawaii Luxury Real Estate,
Richard Kirwin Johnson 808-987-3304,
Hawaii Luxury Real Estate
Source: Hawaii Information Service,MLS#: 728379
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- None
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 3,052
- Total interior livable area: 3,052 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Covered
- Carport spaces: 3
Features
- Stories: 1
- Fencing: Stone,Wire,Wood
- Has view: Yes
- View description: Garden, Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.34 Acres
- Features: Cleared
Details
- Parcel number: 3540110570000
- Zoning: RS-15
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & HOA
Community
- Subdivision: KYNNERSLEY ROAD TRACT
Location
- Region: Kapaau
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $590,900
- Annual tax amount: $2,385
- Date on market: 2/28/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,983/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Price change | $1,258,888-3.1%$412/sqft |
Source: | ||
| 3/19/2026 | Price change | $1,298,888-2.7%$426/sqft |
Source: | ||
| 2/28/2026 | Listed for sale | $1,335,000-3.3%$437/sqft |
Source: | ||
| 7/16/2025 | Listing removed | $1,380,000$452/sqft |
Source: | ||
| 6/23/2025 | Listed for sale | $1,380,000+16.9%$452/sqft |
Source: | ||
| 4/23/2025 | Listing removed | $1,180,000$387/sqft |
Source: | ||
| 3/25/2025 | Listed for sale | $1,180,000+212.5%$387/sqft |
Source: | ||
| 9/3/2024 | Sold | $377,593$124/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $590,900 +91.7% |
| 2024 | $932 +1.4% | $308,300 +3% |
| 2023 | $919 -2% | $299,300 +3% |
| 2022 | $938 +4.7% | $290,600 +3% |
| 2021 | $896 +4.7% | $282,100 +3% |
| 2020 | $855 | $273,900 +3% |
| 2019 | -- | $265,900 +3% |
| 2018 | -- | $258,200 +3% |
| 2017 | $951 | $250,700 +3% |
| 2016 | -- | $243,400 +3% |
| 2015 | -- | $236,300 +3% |
| 2014 | -- | $229,400 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,576/mo
Principal & interest
$6282
Property taxes
$294
More affordability tools
Climate risks
Neighborhood: 96755
Nearby schools
GreatSchools rating
- 5/10Kohala Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 3/10Kohala Middle SchoolGrades: 6-8Distance: 2.5 mi
- 6/10Kohala High SchoolGrades: 9-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Hawaii County
- Hawi
- 96755
- 54-2378 Kynnersley Rd





