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Residential Land for Sale in Kailua, Hawaii

221 Kihapai St, Kailua, HI 96734

$2,095,000
Pending sale
Under contract

Set within a truly magical and serene setting, the property enjoys panoramic views of the majestic Ko'olau Mountains and 218' of canal frontage and direct access to the peaceful Maunawili Stream. "Kihapai Ohana" represents a rare Kailua development opportunity: a fully approved three-home Residential CPR situated on an approximately 15,008 sq. ft. fee-simple parcel in an established neighborhood. Build one large residence or take advantage of existing approval for three separate CPR dwellings, allowing immediate development potential, as the property has already been separated into three spatial units (1, 2, and 3), each offering roughly 5,000 sq. ft. of exclusive-use land-allowing buyers to focus on design and construction rather than entitlement hurdles. This entire parcel backs up against county land, allowing Units 2 & 3 to live much larger than their 5,000 sq. ft. entitlement suggests, providing an extraordinary sense of privacy and connection to nature. Unit 3 has a DPP APPROVED permit for a 1,607sq. ft. 4bd/2ba single level dwelling that takes full advantage of the 120' of canal frontage, with Ko'olau views from every bedroom.

Location

Street address
221 Kihapai St
Community
Coconut Grove
Elevation
1 feet
Coordinates
21.3954, -157.7494

Property details

Zoning
05 - R-5 Residential District
MLS #
HICENTRAL 202528242
Posted

Property taxes

Recent
$300

Parcels

  • 1-4-3-059-088-0000

Details and features

Listing

Type
Land

Lot

Waterfront
Yes
Features
Cleared, Level

Exterior

Features
Landscaping

Structure

Water
Public

Nearby schools

NameType
KailuaElementary
KailuaMiddle
KalaheoHigh

Listing history

DateEventPriceChangeSource
Mar 10, 2026Under contract$2,095,000HICENTRAL
Feb 11, 2026Price drop$2,095,000$104,000 -4.7%HICENTRAL
Jan 13, 2026New listing$2,199,000HICENTRAL
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This property is located at 221 Kihapai St in Kailua, HI 96734. The property is pending sale.

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