55-060 Naupaka St · Laie, HI 96762

$1,600,000

4 bd · 2.0 ba · 1,478 sqft · SingleFamily public records · 71 Days on market

Built 1972 7,525 sqft lot $1083/sqft · 91% above area

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• DSCR +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0

Listing remarks MLS

Discover a rare oceanfront offering on coveted Laie Point. 55-060 Naupaka Street is a 4-bedroom, 2-bathroom coastal home offering breathtaking panoramic ocean views and majestic Ko'olau mountain vistas from a beautifully positioned 7,525-square-foot parcel. Set within a gated property, this private island retreat is adjacent to 55-064 Naupaka Street, a 6-bedroom, 4-bathroom residence also available for purchase, presenting a rare opportunity to acquire two side-by-side oceanfront properties in one of Oahu’s most serene and picturesque coastal communities. Peaceful, private, and surrounded by natural beauty, this is a truly special offering. Includes deeded beach access, and this property is also perfectly situated near BYU–Hawaii, the Polynesian Cultural Center, Waimea Bay, Pipeline, and Turtle Bay Resort. Enjoy island living with convenient access to renowned dining, recreation, and adventure. Approximately one hour from Honolulu airport and just 15 minutes to the Ritz Carlton at Turtle Bay, this is Hawaii living at its finest. Easy to show on short notice. Welcome home to your piece of paradise.

Key facts

• Gated property
• Deeded beach access
• Oceanfront offering

Tags

• OCEANFRONT OFFERING
• PANORAMIC OCEAN VIEWS
• KO'OLAU MOUNTAIN VISTAS
• GATED PROPERTY
• DEEDED BEACH ACCESS
• ISLAND LIVING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $1.60M.

Deal economics

• At list price, monthly cash flow is $-375 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $1.53M (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.15M (28.1% below list).
• Recommended offer: $1.15M (28.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#3 in HI, #1,833 nationally) — a professional / high-income tenant draw. Strengths: schools A+, commute A+, employment A+; Watch: amenities F, cost of living F.
• Market conditions: 1 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).

Forward outlook

• In year one you build about $171k of equity ($11k loan paydown + $160k appreciation (10.0% local appreciation)).
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$275k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($1.50M) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 28y ago; this cycle's ask has dropped $2.50M (61%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $835k; list at $1.60M implies a 92% gain — meaningful room to come down on a strong offer.

Recommended offer $1,150,000 (28.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.72% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.00%
• DSCR: 0.96
• GRM: 11.6

CMA / ARV

• ARV (median comp): $838,483
• List price: $1,600,000
• Delta: 90.82%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.5%
• Equity multiple: 2.89×
• Total profit: $846,717
• Equity at exit: $1,441,407

10-year hold

• IRR: 20.9%
• Equity multiple: 6.60×
• Total profit: $2,510,612
• Equity at exit: $3,108,448

Cash invested: $448,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 37 Tenant-Leaning
• State Hawaii: 37 Tenant-Leaning · D+13
• County: — inherits STATE
• City: — inherits STATE

Honolulu has source-of-income protections; warranty of habitability strong.

Methodology + full state rankings →

ZIP-level market 96762

• Home prices YoY: 2.5%
• Active inventory: 1
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $11,500 medium
• Mortgage (P&I): −$8,391
• Tax from tax record: −$403 /mo · $4,832/yr
• Insurance: −$667
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,415
• Net cashflow: $-375

Break-even live

Break-even rent $11,975

Max offer price $1,533,774

Occupancy floor 98%

Sensitivity live

Price	-10% $531	-5% $78	+0% $-375	+5% $-828	+10% $-1,281
Rent	-10% $-1,283	-5% $-829	+0% $-375	+5% $79	+10% $534
Rate	-1.0pp $431	-0.5pp $32	base $-375	+0.5pp $-789	+1.0pp $-1,211

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $400,000
• Closing costs: $48,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55-551 Kamehameha Hwy Laie, HI	3.0	2.0	1500	$11,500	$7.67	45d	1	0.43mi

Listing history 50 events

1. 2026-06-21
   days on market $1,600,000 Active 71 DOM
2. 2026-06-18
   days on market $1,600,000 Active 68 DOM
3. 2026-06-17
   pricelisting id $1,600,000 Active 67 DOM
4. 2026-06-17
   days on market $4,100,000 Active 67 DOM
5. 2026-06-16
   days on market $4,100,000 Active 66 DOM
6. 2026-06-15
   days on market $4,100,000 Active 65 DOM
7. 2026-06-13
   days on market $4,100,000 Active 63 DOM
8. 2026-06-13
   remarks 695-char remark
9. 2026-06-13
   pricedays on marketlisting id $4,100,000 Active 62 DOM
10. 2026-06-10
    days on market $1,600,000 Active 60 DOM
11. 2026-06-09
    days on market $1,600,000 Active 59 DOM
12. 2026-06-08
    days on market $1,600,000 Active 58 DOM
13. 2026-06-07
    days on market $1,600,000 Active 57 DOM
14. 2026-06-05
    days on market $1,600,000 Active 54 DOM
15. 2026-06-03
    days on market $1,600,000 Active 53 DOM
16. 2026-06-02
    days on market $1,600,000 Active 52 DOM
17. 2026-06-01
    days on market $1,600,000 Active 51 DOM
18. 2026-05-31
    days on market $1,600,000 Active 50 DOM
19. 2026-04-11
    listed $1,600,000 Active 1126-char remark

    Show marketing remark (1210 chars)

    Live your Hawaii dream in this gated oceanfront compound, perfectly situated on the serene Naupaka Peninsula of Laie Point. This sale includes 2 OCEANFRONT HOMES (10 bedrooms, 6 bathrooms) on a large 16,875 sq ft lot. With approximately 100 linear feet of unobstructed ocean frontage, enjoy stunning panoramic views of clear blue ocean, Laie Bay, and the majestic Ko'olau Mountains. Both homes were recently renovated. 55-060 Naupaka Street includes an approximately 1,478 sq ft 3 bedroom 2 bath home + a 1 bedroom 1 bath ohana unit. The larger 55-064 Naupaka Street includes an approximately 3,258 sq ft 7 bedroom 4 bath home & a 2 car garage. Both homes have their own separate individual Tax Map Key (TMK). Rare opportunity to own two adjacent oceanfront homes on the very desirable Laie Point. Very close to BYU, the Polynesian Cultural Center, North Shore beaches, Waimea Bay, Pipeline, & the 5-Star Turtle Bay Resort, farm-to-table restaurants, world class golf, oceanfront horseback riding, walking trails, and helicopter tours. Approximately an hour drive to Honolulu by car or 15 minutes by helicopter from Turtle Bay's Heliport. Very easy to view on short notice! Welcome home to paradise!

20. 2026-04-11
    listed $4,100,000 Active 1210-char remark

    Show marketing remark (1210 chars)

    Live your Hawaii dream in this gated oceanfront compound, perfectly situated on the serene Naupaka Peninsula of Laie Point. This sale includes 2 OCEANFRONT HOMES (10 bedrooms, 6 bathrooms) on a large 16,875 sq ft lot. With approximately 100 linear feet of unobstructed ocean frontage, enjoy stunning panoramic views of clear blue ocean, Laie Bay, and the majestic Ko'olau Mountains. Both homes were recently renovated. 55-060 Naupaka Street includes an approximately 1,478 sq ft 3 bedroom 2 bath home + a 1 bedroom 1 bath ohana unit. The larger 55-064 Naupaka Street includes an approximately 3,258 sq ft 7 bedroom 4 bath home & a 2 car garage. Both homes have their own separate individual Tax Map Key (TMK). Rare opportunity to own two adjacent oceanfront homes on the very desirable Laie Point. Very close to BYU, the Polynesian Cultural Center, North Shore beaches, Waimea Bay, Pipeline, & the 5-Star Turtle Bay Resort, farm-to-table restaurants, world class golf, oceanfront horseback riding, walking trails, and helicopter tours. Approximately an hour drive to Honolulu by car or 15 minutes by helicopter from Turtle Bay's Heliport. Very easy to view on short notice! Welcome home to paradise!

21. 2026-02-03
    historical
22. 2025-02-03
    listed $4,100,000 Active
23. 2024-12-31
    historical
24. 2024-12-31
    historical
25. 2024-09-07
    status Active
26. 2024-09-07
    status Active
27. 2024-07-25
    historical Active Under Contract
28. 2024-07-25
    historical Active Under Contract
29. 2024-05-18
    price $1,600,000
30. 2024-05-18
    price $4,100,000
31. 2024-03-21
    listed $1,700,000 Active
32. 2024-03-21
    listed $4,300,000 Active
33. 2023-09-23
    historical
34. 2023-05-25
    price $3,995,000
35. 2023-04-27
    listed $4,300,000 Active
36. 2023-03-11
    historical
37. 2022-08-08
    listed $3,700,000 Active
38. 2022-08-03
    historical
39. 2022-06-19
    listed $1,500,000 Active
40. 2022-06-08
    historical
41. 2021-11-18
    price $1,600,000
42. 2021-10-22
    listed $1,500,000 Active
43. 2021-09-15
    historical
44. 2021-06-08
    listed $1,500,000 Active
45. 2007-08-22
    soldstatus $835,000
46. 2007-07-18
    historical
47. 2007-06-08
    listed $1,195,000
48. 2000-01-03
    soldstatus $320,000
49. 2000-01-01
    soldstatus $320,000
50. 1999-12-23
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast HI · Partial reset (capped growth)

• Current annual tax: $4,832 · $403/mo
• Projected year-2 tax: $4,832 · $403/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $138,000
• − Mortgage interest: −$89,625
• − Property taxes: −$4,832
• − Insurance: −$8,000
• − Repairs & maintenance: −$11,040
• − Management: −$11,040
• − Depreciation: −$46,545
• Taxable loss: −$33,082
• Est. tax savings @ 24.0%: +$7,940
• After-tax cash flow: $3,441/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Laie

• Score: 80/100
• State rank: #3
• US rank: #1833

Category grades

Amenities F Commute A+ Cost of living F Crime A- Employment A+ Housing B- Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laie, HI
• Population (ZIP): 5,699

Population outlook (Honolulu County) Hauer SSP2

• Today (2025): 1,072,641 people
• By 2030: 1,110,460 · +3.5%
• By 2040: 1,181,593 · +10.2%
• By 2050: 1,257,584 · +17.2%
• By 2075: 1,501,120 · +39.9%
• By 2100: 1,764,430 · +64.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.91)
• Race & ethnicity: Two or more races 29% White 28% Pacific Islander 28% Asian 12% Hispanic / Latino 4%
• Common ancestry: Serbian 1% Italian 1% Slovak 1%
• Foreign-born: 23% · China, Canada, South Korea
• Languages at home: 70% English-only · Other Asian/Pacific 15% Tagalog/Filipino 3% Chinese 3%

Political lean MEDSL · Honolulu

• 2024 margin: Strong D (+21.6) · D 59.9% · R 38.3% · Other 1.8%
• 2008→2024 swing: -19.4pp toward R · 2008: 41.1pp · 2024: 21.6pp
• All cycles: 2024: D+21.6 2020: D+26.9 2016: D+29.9 2012: D+39.1 2008: D+41.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.45%
• Current HPI: 542.8197
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+4900.0% since first listed

37 events — show timeline

• 2026-04-11 Listed $4,100,000 HiCentral MLS
• 2026-04-11 Listed $1,600,000 HiCentral MLS
• 2026-02-03 Listing Removed — HiCentral MLS
• 2025-02-03 Listed $4,100,000 HiCentral MLS
• 2024-12-31 Listing Removed — HiCentral MLS
• 2024-12-31 Listing Removed — HiCentral MLS
• 2024-09-07 Relisted — HiCentral MLS
• 2024-09-07 Relisted — HiCentral MLS
• 2024-07-25 Contingent — HiCentral MLS
• 2024-07-25 Contingent — HiCentral MLS
• 2024-05-18 Price Changed $1,600,000 HiCentral MLS
• 2024-05-18 Price Changed $4,100,000 HiCentral MLS
• 2024-03-21 Listed $4,300,000 HiCentral MLS
• 2024-03-21 Listed $1,700,000 HiCentral MLS
• 2023-09-23 Listing Removed — HiCentral MLS
• 2023-05-25 Price Changed $3,995,000 HiCentral MLS
• 2023-04-27 Listed $4,300,000 HiCentral MLS
• 2023-03-11 Listing Removed — HiCentral MLS
• 2022-08-08 Listed $3,700,000 HiCentral MLS
• 2022-08-03 Listing Removed — HiCentral MLS
• 2022-06-19 Listed $1,500,000 HiCentral MLS
• 2022-06-08 Listing Removed — HiCentral MLS
• 2021-11-18 Price Changed $1,600,000 HiCentral MLS
• 2021-10-22 Listed $1,500,000 HiCentral MLS
• 2021-09-15 Listing Removed — HiCentral MLS
• 2021-06-08 Listed $1,500,000 HiCentral MLS
• 2007-08-22 Sold (Public Records) $835,000 Public Records
• 2007-07-18 Listing Removed — HiCentral MLS
• 2007-06-08 Listed $1,195,000 HiCentral MLS
• 2000-01-03 Sold (Public Records) $320,000 Public Records
• 2000-01-01 Sold (MLS) $320,000 HiCentral MLS
• 1999-12-23 Listing Removed — HiCentral MLS
• 1999-09-24 Listed $350,000 HiCentral MLS
• 1999-08-24 Listing Removed — HiCentral MLS
• 1998-09-25 Listed $375,000 HiCentral MLS
• 1987-06-30 Sold (Public Records) $160,000 Public Records
• 1975-09-01 Sold (Public Records) $82,000 Public Records

Property tax history

+7.0%/yr

Latest (2022): $4,832 · -13.9% YoY. Source: county tax records.