54-327 Kamehameha Hwy Unit 1B · Hauula, HI 96717

$699,000

3 bd · 3.5 ba · 3,055 sqft · Condo public records · 34 Days on market

Built 2008 $229/sqft · 65% below area

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Why this score? — see what drove the A- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

Key facts

• Ocean views
• Unparalleled privacy
• 0.71 acre lot

Tags

• OCEAN VIEWS
• UNPARALLELED PRIVACY
• DIRECT ACCESS TO TIDE POOL
• HAUULA BEACHFRONT COMMUNITY
• HAUULA KAI SHOPPING CENTER

Property features AI

Finance

• HOA & community: Hauula Beachfront association; Association maintains grounds and structures; Community storage facilities

Exterior

• Parking: Carport; Driveway; Boat parking; Three or more parking spaces (total 3)
• Security: Key card entry
• Utilities: Electricity available; Natural gas available; Public water; Septic (septic tank) available; Underground utilities
• Home design: Single-story property; Slab foundation; Metal roof; Excellent / good condition
• Construction: Double wall, masonry, concrete and stucco construction
• Exterior features: Landscaping; Cleared, level interior lot; Oceanfront waterfront frontage; Paved road frontage on a highway

Interior

• Bedrooms: Includes a bedroom on the main level
• Flooring: Ceramic tile; Hardwood
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Interior features: Furnished; Bedroom on main level; Full bath on main level; Entry foyer

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath condo listed at $699k.

Deal economics

• At list price, monthly cash flow is $8k ($93k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($17k rent vs $699k).
• Recommended offer: $678k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#69 in HI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: health & safety C-, schools D, amenities F.
• Market conditions: 19 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).

Forward outlook

• In year one you build about $75k of equity ($5k loan paydown + $70k appreciation (10.0% local appreciation)).
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $196k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$120k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($678k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $678,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.48% ✓
• Cap rate: 20.32%
• Cash-on-cash: 50.08%
• DSCR: 3.23
• GRM: 3.4

CMA / ARV

• ARV (median comp): $2,017,515
• List price: $699,000
• Delta: -65.35%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 61.5%
• Equity multiple: 5.47×
• Total profit: $874,707
• Equity at exit: $629,715

10-year hold

• IRR: 55.0%
• Equity multiple: 12.19×
• Total profit: $2,190,027
• Equity at exit: $1,358,003

Cash invested: $195,720 (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 96717

• Home prices YoY: 9.8%
• Active inventory: 19
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $17,341 medium
• Mortgage (P&I): −$3,666
• Tax from tax record: −$1,574 /mo · $18,889/yr
• Insurance: −$291
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,642
• Net cashflow: $7,741

Break-even live

Break-even rent $7,541

Max offer price $699,000

Occupancy floor 50%

Sensitivity live

Price	-10% $8,137	-5% $7,939	+0% $7,741	+5% $7,544	+10% $7,346
Rent	-10% $6,372	-5% $7,057	+0% $7,741	+5% $8,426	+10% $9,111
Rate	-1.0pp $8,093	-0.5pp $7,919	base $7,741	+0.5pp $7,560	+1.0pp $7,376

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: $174,750
• Closing costs: $20,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55-135 Kamehameha Hwy Laie, HI	4.0	3.5	2813	$18,000	$6.40	44d	1	0.58mi
55-137A Kamehameha Hwy Laie, HI	4.0	4.0	2886	$20,000	$6.93	44d	1	0.60mi
53-050 Halai St Hauula, HI	4.0	2.5	2100	$6,500	$3.10	44d	1	1.43mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $699,000 Active 34 DOM
2. 2026-06-17
   days on market $699,000 Active 33 DOM
3. 2026-06-16
   days on market $699,000 Active 32 DOM
4. 2026-06-15
   days on market $699,000 Active 31 DOM
5. 2026-06-13
   days on market $699,000 Active 29 DOM
6. 2026-06-13
   days on market $699,000 Active 28 DOM
7. 2026-06-10
   days on market $699,000 Active 26 DOM
8. 2026-06-09
   days on market $699,000 Active 25 DOM
9. 2026-06-08
   days on market $699,000 Active 24 DOM
10. 2026-06-07
    days on market $699,000 Active 23 DOM
11. 2026-06-05
    days on market $699,000 Active 20 DOM
12. 2026-06-03
    days on market $699,000 Active 19 DOM
13. 2026-06-02
    days on market $699,000 Active 18 DOM
14. 2026-06-01
    days on market $699,000 Active 17 DOM
15. 2026-05-31
    days on market $699,000 Active 16 DOM
16. 2026-05-05
    listed $699,000 Active 1161-char remark
17. 2025-07-02
    soldstatus $2,950,000 Closed 1173-char remark

    Show marketing remark (1173 chars)

    Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

18. 2025-06-13
    status Pending 1173-char remark

    Show marketing remark (1173 chars)

    Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

19. 2024-11-29
    historical Active Under Contract 1173-char remark

    Show marketing remark (1173 chars)

    Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

20. 2024-11-28
    price $4,000,000 1173-char remark

    Show marketing remark (1173 chars)

    Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

21. 2024-04-04
    listed $3,468,000 Active 1173-char remark

    Show marketing remark (1173 chars)

    Wake to the soothing rhythmic sounds of the Pacific Ocean in the paradise of Hawaii. This beautiful and rare single level custom home built in 2008 with a 3055 square foot interior was constructed to maximize the unparalleled direct ocean views and cool island breezes. Extra high vaulted ceilings lend added grandeur to the living and dining spaces. This gorgeous and immaculate residence is just waiting for your to move right in. Enjoy the island lifestyle of sipping a mug of Kona coffee while watching the beautiful island sunrise, swimming in the cool Pacific Ocean, counting the stars at night, entertaining your guests with an oceanside BBQ, and exploring all that the island has to offer. The location of this prime beachfront property is extremely convenient directly across from Hauula Kai Shopping Center with Dominos, CVS Long's Drugs, Tamura's Market with their famous fresh from the sea Poke, Hauula Post Office, everyone's favorite Papa Ole's Kitchen, and just a short jaunt to the Polynesian Cultural Center and Laie Shopping Center with even more wonderful island style eateries and entertainment. One or more photos have been enhanced. SEE VIDEO IN REELS

22. 2024-03-13
    historical
23. 2023-10-26
    listed $3,768,000 Active
24. 2021-11-16
    soldstatus $2,515,000 Sold
25. 2021-11-16
    soldstatus $2,515,000
26. 2021-09-09
    listed $1,980,000 Active
27. 2017-06-06
    historical
28. 2016-11-08
    listed $1,980,000 Active

ⓘ 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: $18,889 · $1,574/mo
• Projected year-2 tax: $18,889 · $1,574/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 3/10 Moderate FEMA zone AE · 20% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $208,086
• − Mortgage interest: −$39,155
• − Property taxes: −$18,889
• − Insurance: −$8,614
• − Repairs & maintenance: −$16,647
• − Management: −$16,647
• − Depreciation: −$20,335
• Taxable income: $87,800
• Est. tax owed @ 24.0%: −$21,072
• After-tax cash flow: $71,826/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 — Hauula

• Score: 62/100
• State rank: #69
• US rank: #16288

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hauula, HI
• Population (ZIP): 4,396

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 43% White 27% Pacific Islander 18% Hispanic / Latino 12% Asian 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Russian 5% Serbian 3% Scottish 1%
• Foreign-born: 11% · China, Vietnam, Canada
• Languages at home: 80% English-only · Other Asian/Pacific 13% Chinese 2% German/W. Germanic 2%

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: ▲ 39.47%
• Current HPI: 441.891
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-64.7% since first listed

13 events — show timeline

• 2026-05-05 Listed $699,000 HiCentral MLS
• 2025-07-02 Sold (MLS) $2,950,000 HiCentral MLS
• 2025-06-13 Pending — HiCentral MLS
• 2024-11-29 Contingent — HiCentral MLS
• 2024-11-28 Price Changed $4,000,000 HiCentral MLS
• 2024-04-04 Listed $3,468,000 HiCentral MLS
• 2024-03-13 Listing Removed — HiCentral MLS
• 2023-10-26 Listed $3,768,000 HiCentral MLS
• 2021-11-16 Sold (Public Records) $2,515,000 Public Records
• 2021-11-16 Sold (MLS) $2,515,000 HiCentral MLS
• 2021-09-09 Listed $1,980,000 HiCentral MLS
• 2017-06-06 Listing Removed — HiCentral MLS
• 2016-11-08 Listed $1,980,000 HiCentral MLS

Property tax history

+25.2%/yr

Latest (2022): $18,889 · +23.5% YoY. Source: county tax records.