98-161 Aiea Kai Way, Aiea, HI 96701
Almost an acre waterfront land property with brand new house in the heart of Aiea
Marketing description
Offered for sale or lease at: $2,159,000 or lease fro $9,000 per month!
Financing: VA assumable residential loan at 2.75% (approx. $1,350,000 balance – buyer to verify)
Property Overview
A very rare waterfront property in the heart of Aiea — essentially a new build completely rebuilt from the ground up in 2022 and updated by current owner in 2025. This 4-bedroom, 3-bathroom home with a large detached bonus room offers modern luxury while sitting on an expansive 37,089 sf graded and graveled lot with development flexibility.
With direct views of Pearl Harbor, Ford Island, and the Arizona Memorial, plus proximity to Pearlridge Center, Skyline rail, and major Honolulu corridors, this property is both a serene retreat and a strategic investment opportunity.
Property website: https://media.visionaryviewsllc.com/sites/98-161-aiea-kai-way-aiea-hi-96701-19470997/branded
Property Highlights
- Turnkey Residence: Spacious 4BR / 3BA including a large master en suite and huge bonus room
- Luxury Finishes: Quartz countertops, stainless steel appliances, custom cabinetry
- Over $10,000 in Custom Italian closet cabinets in all bedrooms installed in 2025
- Fully Rebuilt: Roof, siding, windows, drywall, plumbing, electrical, flooring (2022–2025)
- 2025 Upgrades: Full interior repaint + Mitsubishi split A/C units installed in all bedrooms
- Brand new wall-to-wall LVP flooring installed in 2025
- Bonus Structure: Detached flex space — ideal for Ohana suite, ADU, office, or gym conversion
- Parking & Entertaining: Covered carport plus large aggregate-paved rear yard
- Development Ready: Lot previously approved for CPR; potential for ADUs, cluster housing, or subdivision (buyer to verify)
- Prime Location: Waterfront with adjacent pond & walking trails; minutes from Pearl Ridge Mall
- Options to separate current structure into separate living spaces and entrance's great for multi generational living.
- VA loan assumption potential at 2.75% for approximately $1,450,000
*All statements are to be verified by prospective buyer.
Investment highlights
Investment Appeal
Rare dual-zoned waterfront parcel in Aiea
Fully improved and paved (asphalt and aggregate) land parcel
Subdivision and redevelopment possibilities
Modern, move-in ready residence already in place
VA loan assumption potential at 2.75% for approximately $1,450,000
Great passive income potential as a investment.
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