Hawaii Living

128 Ainoni St (Kalama Tract & Coconut Grove)

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Photo 1 of 128 Ainoni St, Kailua
128 Ainoni St, Kailua
Selling or Buying in Kalama Tract & Coconut Grove?
Description
Welcome to your slice of paradise just steps away from the renowned Kailua Beach! Nestled on a spacious 10,000 square foot lot, this property offers endless potential for redevelopment or remodeling. Boasting 880 square feet of interior space, including 3 bedrooms and 1 and 1/2 bathrooms, this charming abode presents a rare opportunity to create your dream island retreat. Whether you're envisioning a tranquil getaway or a lucrative investment, the prime location and versatile layout make this property a gem waiting to be polished. Don't miss your chance to own a piece of coveted Kailua real estate mere blocks from the sparkling shores of one of Hawaii's most beloved beaches.Offering 4% Commission to Buyer's Agent
Past Activity
  • Apr 19, 2024 Sold for $1,780,000
  • Feb 27, 2024 Under Contract
  • Feb 04, 2024 Price $1,700,000
  • Feb 04, 2024 Price $1,800,000
  • Feb 04, 2024 Price $1,700,000
  • Jan 24, 2024 Price $2,100,000
  • Nov 29, 2023 Listed at $2,300,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $2,023
  • Year Remodeled: 1979
  • Zoning: 03 - R10 - Residential District
  • Flood Zone: Zone X
  • Property Condition: Average
  • TMK: 1-4-3-24-32-0
  • Tax Assessed Land: $1,700,000
  • Tax Assessed Improvements: $110,700
  • Tax Assessed Total: $1,810,700
  • Courtesy: Real Estate Strategies, LLC / (808) 284-1010
  • MLS: 202326242
About Kalama Tract & Coconut Grove
See this aerial video of Coconut Grove and Kalama Tract homes.

For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

The Homes of Coconut Grove
This is one of the most affordable Kailua neighborhoods,   ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2025.Information is deemed reliable but not guaranteed.
Other Kalama Tract & Coconut Grove Homes
$1,698,000
445 N Kainalu Dr#B
3 Bds | 2 Ba
1,704 ft²
$1,750,000
245 Hualani St#B
4 Bds | 3.5 Ba
1,961 ft²
$1,600,000
561 Kawainui St#B
5 Bds | 2 Ba
2,260 ft²
$1,900,000
609 Olomana St
8 Bds | 8 Ba
2,960 ft²
Other Oahu Homes
Waimanalo
$1,900,000
41-1025 Nenue St
3 Bds | 2 Ba
1,697 ft²
Enchanted Lake
$1,575,000
519 Wanaao Rd
3 Bds | 2.5 Ba
1,810 ft²
Waimanalo
$2,149,000
41-020 Puuone St
3 Bds | 2 Ba
1,484 ft²
Olomana
$1,300,000
1355 Manu Mele St##A
3 Bds | 2 Ba
1,200 ft²
Ahuimanu
$1,700,000
47-285 Waihee Rd#D
4 Bds | 3.5 Ba
2,508 ft²
Kalama Valley
$1,700,000
7533 Kamaomao Pl
4 Bds | 2.5 Ba
1,976 ft²
  • Sold 4/15/24 at $1,780,000
    (List Price: $1,700,000)
Description
Welcome to your slice of paradise just steps away from the renowned Kailua Beach! Nestled on a spacious 10,000 square foot lot, this property offers endless potential for redevelopment or remodeling. Boasting 880 square feet of interior space, including 3 bedrooms and 1 and 1/2 bathrooms, this charming abode presents a rare opportunity to create your dream island retreat. Whether you're envisioning a tranquil getaway or a lucrative investment, the prime location and versatile layout make this property a gem waiting to be polished. Don't miss your chance to own a piece of coveted Kailua real estate mere blocks from the sparkling shores of one of Hawaii's most beloved beaches.Offering 4% Commission to Buyer's Agent
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2025.Information is deemed reliable but not guaranteed.
    • Apr 19, 2024 Sold for $1,780,000
    • Feb 27, 2024 Under Contract
    • Feb 04, 2024 Price $1,700,000
    • Feb 04, 2024 Price $1,800,000
    • Feb 04, 2024 Price $1,700,000
    • Jan 24, 2024 Price $2,100,000
    • Nov 29, 2023 Listed at $2,300,000
    See this aerial video of Coconut Grove and Kalama Tract homes.

    For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

    Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

    The Homes of Coconut Grove
    This is one of the most affordable Kailua neighborhoods,   ..... Read more.
    Other Kalama Tract & Coconut Grove Homes
    $1,698,000
    445 N Kainalu Dr#B
    3 Bds | 2 Ba
    1,704 ft²
    $1,750,000
    245 Hualani St#B
    4 Bds | 3.5 Ba
    1,961 ft²
    $1,600,000
    561 Kawainui St#B
    5 Bds | 2 Ba
    2,260 ft²
    $1,900,000
    609 Olomana St
    8 Bds | 8 Ba
    2,960 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.