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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
    $1,040,200 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.
    80 days
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    14
    |
    0
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    Zillow last checked:

    Listing updated:

    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
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        Estimated market value

        $1,040,200

        $988,000 - $1.09M

        $5,578/mo

        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

        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

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 96796

          Getting around

          25 / 100
          Car-Dependent
          10 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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