561 Kawainui Street Unit B Kailua, HI 96734

Listing
Overview

Price: $1,600,000
Area: COCONUT GROVE
Status: Active Under Contract

Rare 2.75% VA Assumable Opportunity in Kailua! Fall in love w/ 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 w/ 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. Don’t miss your chance to secure this low 2.75% rate & enjoy the best of island living! PI pmt/mo is $5860 & current Gap is ~$281k. Secondary financing may reduce Gap to ~$160k. Recently producing $6,700/mo rental income, Open Sat, Oct 18th 10AM-1PM. Listing by: Island Living Homes (512) 797-4252

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  • BedsTotal: 5
  • Full Baths: 2
  • Land Area (sf): 5,004 sf
  • Living (sf): 2,260
  • Year Built: 1954

  • Property Condition: Above Average
  • Number of Parking Spaces: 3
  • View: Mountain
  • Listing Office: Island Living Homes

  • Land Tenure: FS - Fee Simple

  • Elementary School: Kailua
  • Middle School: Kailua
  • High School: Kalaheo

CONTACT US

Marcus Realty

#RB-7120
info@marcushawaii.com
(808)839-7446

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on October 20, 2025 - 9:09 AM Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
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