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518 Ulumalu St (Olomana)

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518 Ulumalu St, Kailua
Selling or Buying in Olomana?
Call/Text Tracy (808) 372-2274 or use contact form.
We are expert real estate agents who know Olomana very well. We would be happy to assist you too.
Description
Located in highly desirable Pohakupu neighborhood, lies this rare multi-family home. Conveniently located for commuters, with a neighborhood park just down the street. Views of Mt. Olomana and the majestic Ko'olau Mountain range behind. The main house is 3 bedrooms, 2 baths, and features an open kitchen, laundry room, and extra bonus rooms for office or nursery. Down a gated walkway to it's own private backyard, lies the detached LEGAL ADU 1/1 Cottage. Being a legal ADU, you can use the rental income to help you qualify with your Lender. Fully fenced in for pets, with beautiful landscaping and fruit trees, 2 storage sheds, and 22 Leased PV panels to keep electric bills down. This is your chance to get into Kailua and keep your mortgage payments down with the rental income, or great for extended family living. Don't let this one pass you by! Make this your new home today!!!
Past Activity
  • Aug 05, 2024 Sold for $1,550,000
  • Jul 08, 2024 Price $1,550,000
  • Jul 03, 2024 Under Contract
  • Jun 24, 2024 Listed at $1,495,000
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $775
  • Year Remodeled: 2019
  • Zoning: 04 - R-7.5 Residential District
  • Flood Zone: Zone X
  • Elementary School: Maunawili
  • Middle School: Kailua
  • High School: Kailua
  • View: Mountain
  • Property Condition: Above Average
  • Amenities: Patio/Deck, Storage, Wall/Fence, Workshop
  • TMK: 1-4-2-31-3-0
  • Tax Assessed Land: $1,230,000
  • Tax Assessed Improvements: $171,400
  • Tax Assessed Total: $1,401,400
  • Courtesy: Coldwell Banker Realty / (808) 262-3104
  • MLS: 202414810
About Olomana
See this video of homes around Old Kalanianaole Rd (Norfolk), which technically is an area of its own, but we have lumped with the Olomana neighborhood.

Kailua has a certain character that is evident in its every neighborhood. It's a special local-style grace that makes the Windward Side so attractive to homebuyers. Still, if you look a little closer, the different neighborhoods will reveal that each also has their own qualities and identity that set each apart. Two neighborhoods, Olomana and Norfolk, though separated by a car ride of two minutes or less, might be the best examples of the v  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 17, 2025.Information is deemed reliable but not guaranteed.
Other Olomana Homes
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$945,000
736 Homohana Rd#11
3 Bds | 2 Ba
1,461 ft²
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$2,500,000
42-106 Aleka Pl
5 Bds | 3 Ba
2,525 ft²
Other Oahu Homes
Keolu Hills
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$1,749,500
1237 Nanialii St
4 Bds | 3 Ba
1,780 ft²
Kalama Tract & Coconut Grove
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$1,850,920
763 Kaipii St
4 Bds | 2 Ba
1,268 ft²
Hillcrest Kailua
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$2,080,000
1340 Aupupu St
4 Bds | 3.5 Ba
2,702 ft²
Kalama Valley
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$1,550,000
1120 Kahului St
4 Bds | 3 Ba
2,311 ft²
Halawa & Halawa Heights
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$1,549,900
99-670 Aliipoe Dr
6 Bds | 3.5 Ba
3,077 ft²
Kapiolani
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$1,549,000
2819 Waialae Ave#D
6 Bds | 4 Ba
2,490 ft²
  • Sold 8/5/24 at $1,550,000
    (List Price: $1,550,000)
Description
Located in highly desirable Pohakupu neighborhood, lies this rare multi-family home. Conveniently located for commuters, with a neighborhood park just down the street. Views of Mt. Olomana and the majestic Ko'olau Mountain range behind. The main house is 3 bedrooms, 2 baths, and features an open kitchen, laundry room, and extra bonus rooms for office or nursery. Down a gated walkway to it's own private backyard, lies the detached LEGAL ADU 1/1 Cottage. Being a legal ADU, you can use the rental income to help you qualify with your Lender. Fully fenced in for pets, with beautiful landscaping and fruit trees, 2 storage sheds, and 22 Leased PV panels to keep electric bills down. This is your chance to get into Kailua and keep your mortgage payments down with the rental income, or great for extended family living. Don't let this one pass you by! Make this your new home today!!!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 17, 2025.Information is deemed reliable but not guaranteed.
    • Aug 05, 2024 Sold for $1,550,000
    • Jul 08, 2024 Price $1,550,000
    • Jul 03, 2024 Under Contract
    • Jun 24, 2024 Listed at $1,495,000
    See this video of homes around Old Kalanianaole Rd (Norfolk), which technically is an area of its own, but we have lumped with the Olomana neighborhood.

    Kailua has a certain character that is evident in its every neighborhood. It's a special local-style grace that makes the Windward Side so attractive to homebuyers. Still, if you look a little closer, the different neighborhoods will reveal that each also has their own qualities and identity that set each apart. Two neighborhoods, Olomana and Norfolk, though separated by a car ride of two minutes or less, might be the best examples of the v  ..... Read more.

    Other Olomana Homes
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    $945,000
    736 Homohana Rd#11
    3 Bds | 2 Ba
    1,461 ft²
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    $2,500,000
    42-106 Aleka Pl
    5 Bds | 3 Ba
    2,525 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.