65-1136 KAPIOLANI RD, KAMUELA, HI 96743

Prime Investment Property in Waimea Town

Listing Provided by: Coldwell Banker Island Properties - Kona
MLS #: 731270

Description

Exceptional opportunity in the heart of Waimea Town on 2.04 level acres of former Parker Ranch land. Tucked behind a grand lava rock wall with gated entry, this distinctive property combines residential flexibility, substantial improvements, and exceptional potential in one of Hawaiʻi Island's most desirable Upcountry locations. The updated residence features two separate 2-bedroom, 1-bath living spaces, each with its own entrance, providing flexibility for rental income, guests, or a variety of living arrangements. Both spaces are move-in ready and filled with comfortable Upcountry character. The centerpiece is an extraordinary custom-crafted barn designed for enthusiasts and adaptable to a wide range of uses. Soaring ceilings, rich wood finishes, expansive workshop and storage areas, loft-style living spaces, kitchen, two bathrooms, and a spacious apartment create possibilities for a collector's retreat, workshop, studio, showroom, or potential barn-dominium. The oversized garage is set up to accommodate up to seven full-size trucks. The exceptionally flat 2.04-acre parcel is enhanced by an approximately 900' x 16' reinforced concrete loop driveway, constructed with 4,000 PSI concrete to support large vehicles and machinery. Generous open areas provide room for equipment, gardens, storage, or possible equestrian use, with ample flexibility to adapt the property to individual needs. Existing barn-dominium plans are available. Zoned A-1A with two water meters, the property may also offer subdivision potential, subject to Buyer verification, county approvals, and due diligence. Rarely does a property combine acreage, versatility, income potential, and extensive improvements in such a convenient Waimea location. Enjoy easy access to private schools, farmers markets, shopping, dining, local theater, and everyday amenities while owning a truly distinctive legacy property with endless possibilities.

Property Details

Price: $3,299,000
Sold Price:
Address: 65-1136 KAPIOLANI RD, KAMUELA, HI 96743
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 5
Total Bathrooms: 4
Full Baths: 2
Living Area: 3,824 Square Feet

Listed by: Coldwell Banker Island Properties - Kona
Year Built: 2003
Levels: One

Features and Amenities

Interior Features: Cathedral Ceiling(s), High Ceilings, See Remarks
Exterior Features: See Remarks
View: Garden, Mountain(s)
Pool:
Pool Features:

Appliances: Dishwasher, Disposal, Microwave, Other, Range, Refrigerator
Fireplace Features:
Flooring: Ceramic Tile, Vinyl
Security: See Remarks, Smoke Detector(s)
Laundry:

Garage Spaces: 6
Carport Spaces: 2
Parking Features: Attached, Covered, Other
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIMEA HOMESTEADS
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 8
Flood Zone: X

Land Information

Lot Size: 88,993 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Grassy, See Remarks
Frontage Type:
Roads: County
Roads Frontage Type: Road/Street

Zoning: A-1A
Horse Amenities:

Additional Details

Assessed Tax Value: $877,000
Annual Tax: $6,509
Tax Year: 2025
Tax Lot: 17-B
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available
Cooling: Wall/Window Unit(s)
Heating:
Sewer: Septic Tank
Water:
Solid Waste Disposal: Private Contractor

First Listed September 24, 2026, 6:05 pm
Last Updated September 24, 2026, 6:05 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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