The Ulu Team

$2,280,000$2,800,000 price reduced

66-346 Paalaa Road

WAIALUA · Haleiwa · 96712 · MLS 202521333

  • 2beds
  • 3baths
  • 1,853living sqft
  • Single-familytype

Located in the highly sought-after North Shore of Oahu, this exceptional property at 66-346 Paalaa Rd offers both immediate income potential and long-term development opportunities. Currently generating a strong $5,900 per month in rental income, the property is not only a great investment but also presents a fantastic chance for future development, given its expansive 43,865 square foot lot size (nearly 1 acre) and R-5 zoning. With a solid $5,900 in monthly rental income, this property provides reliable cash flow right from the start. Situated just minutes from the vibrant town of Haleiwa, the property offers access to world-famous beaches, surfing, local dining, shopping, and more, while still providing a peaceful, serene atmosphere. Surrounded by lush greenery, the property offers privacy and tranquility in one of Oahu’s most desirable locations. This property offers both immediate rental income and exciting possibilities for development. Whether you’re looking to enhance your investment portfolio or create something new in one of Hawaii’s most desirable areas, 66-346 Paalaa Road is the perfect choice.

Building & interior

Condition
Average Condition
Living area
1,853 sqft
Total area
1,853 sqft
Lot size
43,865 sqft
Year built
1961
Stories
One
Parking
5 stalls · Three Or More Spaces
View
Mountains

Construction & features

Flooring
Carpet
Construction
Single Wall
Roofing
Composition
Topography
Sloping
Lot features
Cleared
Utilities
Above Ground Utilities · Cable Available · Electricity Available · Water Available
Water
Public

Tax & assessment

Annual property tax
$12,528/yr
Tax year
2025
Assessed — total
$1,748,200
Assessed — land
$1,199,700
Assessed — improvements
$548,500
TMK
1-6-6-016-020-0000
Zoning
05 - R-5 Residential District
Land tenure
Fee simple
Financing accepted
Cash · Conventional · Exchange1031

Price history

Original list
$2,800,000
Previous
$2,500,000
Current
$2,280,000

Listed by Five Star Realty, Inc.

Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.

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