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110A N Kalaheo-5 Large.jpeg

561 Kawainui Street Unit #B

ABOUT THE PROPERTY//

UNDER CONTRACT

2,260 LIV. SQFT

5 BED

2 BATH

Rare 2.75% VA Assumable Opportunity in Kailua! Fall in love with this beautifully renovated home featuring a flexible floor plan perfect for multi-generational living or rental income. Main home offers a large open kitchen/living area, 3 bedrooms/1 bath, LVP flooring & vinyl windows throughout. Attached is a spacious 2 bedroom/1 bath unit with its own kitchenette, laundry room and private backyard - ideal as a rental, guest suite, or extended Ohana space. Every detail has been updated - the home underwent a complete renovation in 2021, including splits, flooring, kitchens, and baths, and a new roof was installed in 2023. A large enclosed workshop off the 2-car carport provides room for tools, surfboards, bikes & all your lifestyle gear. The location is hard to beat - a short stroll to shops, restaurants & a quick bike or walk to world-famous Kailua Beach. PI pmt/mo is $5860 & current Gap is ~$281k. Secondary financing may reduce Gap to $160k. Recently producing $6,700/mo rental income, this property is both move-in ready & an excellent investment opportunity. Don’t miss your chance to secure this low 2.75% rate & enjoy the best of island living!

2 SINGLE FAMILY UNIT | DETACHED

3 CAR + STREET

Image by Emily Shirron

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PROPERTY HIGHLIGHTS

Type

Neighborhood

Two Detached Single-Family | Multiple Dwellings

Coconut Grove

Region

Kailua

Year Renovated

1954/2021

Property View

Mountain

Total Interior Livable Area

Land SQFT.

2,260 Liv. Sqft

5,004 Land Sqft

Other

This renovated Kailua home features an open and flexible floor plan with a 3-bedroom, 1-bath main home plus a 2-bedroom, 1-bath attached unit with its own kitchenette and laundry. Recent upgrades include luxury vinyl plank flooring, vinyl windows, fully updated kitchens and baths (2021), and a brand-new roof (2023). A large storage area provides space for surfboards, bikes, and outdoor gear. The property also includes on-site laundry.

PROPERTY LOCATION

RS-84935

LISTING REALTOR//

Shannon King

808.798.5800

CONTACT //

(R) 22278

Scott King

619.787.4798

CONTACT //

RS-84935

RS-84935
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242 Aikane St. Kailua HI 96734
808.798.5800 | aloha@islandlivinghomes.com | Island Living Homes is a Licensed Real Estate Brokerage Firm in the State of Hawaii.

Island Living Homes is an Equal Opportunity Company. Equal Housing Opportunity 
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