Hawaii Living

729 Keolu Dr (Enchanted Lake)

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Photo 1 of 729 Keolu Dr, Kailua
729 Keolu Dr, Kailua
Selling or Buying in Enchanted Lake?
Description
Don’t let this rare opportunity at owning a large level lot in Enchante Lake pass you by! This property features a big and well maintained yard that is perfect for gardening or outdoor space for kids/pets. The large lot size within a R-5 zone creates potential for expansion. The house is equipped with plenty of storage: garage tool storage room, washer/dryer room, 3x hallway closets, and 2x storage sheds in backyard! Entertain guests in one of the two large living areas or outdoor covered patio space (ideal for BBQ). Shop and dine at all the places Kailua Town has to offer which includes but not limited to Whole Foods, Target, CVS, Down to Earth, Boots & Kimo’s, and Cinnamons. Exercise and relax at Kailua Beach Park or beautiful Lanikai Beach just minutes away. Act fast!
Past Activity
  • May 06, 2022 Sold for $1,515,000
  • Mar 28, 2022 Under Contract
  • Mar 16, 2022 Listed at $1,415,000
  • Jul 17, 2018 Sold for $920,000
  • Jun 18, 2018 Under Contract
  • Jun 01, 2018 Listed at $899,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $546
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • View: Mountain
  • Property Condition: Above Average
  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Landscaped, Patio/Deck, Storage
  • TMK: 1-4-2-53-9-0
  • Tax Assessed Land: $747,900
  • Tax Assessed Improvements: $143,200
  • Tax Assessed Total: $891,100
  • Courtesy: Keller Williams Honolulu
  • MLS: 201813796
About Enchanted Lake
See our aerial video of homes in Enchanted Lake.

Enchanted Lake, located on Oahu’s Windward side in Kailua, is a nice, family-friendly neighborhood in one of the island’s favorite beach towns. Enchanted Lake is named for the lake in the center of the neighborhood. The Hawaiian name is Kaelepulu Lake, but it is most often called Enchanted Lake today.

Enchanted Lake homes encircle the lake, the adjoining canal which leads to Kailua Bay, and some homes border the golf course at Mid-Pacific Country Club. It’s a highly-desired location – just a short drive, bike r  ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 12, 2026.Information is deemed reliable but not guaranteed.
Other Enchanted Lake Homes
$2,249,999
889 Akumu St
5 Bds | 4 Ba
3,073 ft²
$2,500,000
1091 Alahaki St
5 Bds | 3 Ba
1,800 ft²
Other Oahu Homes
Kalama Tract & Coconut Grove
$1,060,000
431 Kalama St#C
3 Bds | 2.5 Ba
2,175 ft²
Olomana
$1,199,000
1355 Manu Mele St#A
3 Bds | 2 Ba
1,200 ft²
Manoa
Wahiawa
$899,000
701 Neal Ave#A
4 Bds | 2 Ba
1,332 ft²
Westloch Fairway & Estates
$899,000
91-1055 Anaunau St
3 Bds | 2 Ba
1,104 ft²
Makakilo
$899,000
92-7049 Elele St#86
3 Bds | 2.5 Ba
1,422 ft²
  • Sold 7/13/18 at $920,000
    (List Price: $899,000)
Description
Don’t let this rare opportunity at owning a large level lot in Enchante Lake pass you by! This property features a big and well maintained yard that is perfect for gardening or outdoor space for kids/pets. The large lot size within a R-5 zone creates potential for expansion. The house is equipped with plenty of storage: garage tool storage room, washer/dryer room, 3x hallway closets, and 2x storage sheds in backyard! Entertain guests in one of the two large living areas or outdoor covered patio space (ideal for BBQ). Shop and dine at all the places Kailua Town has to offer which includes but not limited to Whole Foods, Target, CVS, Down to Earth, Boots & Kimo’s, and Cinnamons. Exercise and relax at Kailua Beach Park or beautiful Lanikai Beach just minutes away. Act fast!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 12, 2026.Information is deemed reliable but not guaranteed.
    • May 06, 2022 Sold for $1,515,000
    • Mar 28, 2022 Under Contract
    • Mar 16, 2022 Listed at $1,415,000
    • Jul 17, 2018 Sold for $920,000
    • Jun 18, 2018 Under Contract
    • Jun 01, 2018 Listed at $899,000
    See our aerial video of homes in Enchanted Lake.

    Enchanted Lake, located on Oahu’s Windward side in Kailua, is a nice, family-friendly neighborhood in one of the island’s favorite beach towns. Enchanted Lake is named for the lake in the center of the neighborhood. The Hawaiian name is Kaelepulu Lake, but it is most often called Enchanted Lake today.

    Enchanted Lake homes encircle the lake, the adjoining canal which leads to Kailua Bay, and some homes border the golf course at Mid-Pacific Country Club. It’s a highly-desired location – just a short drive, bike r  ... Read more
    Other Enchanted Lake Homes
    $2,249,999
    889 Akumu St
    5 Bds | 4 Ba
    3,073 ft²
    $2,500,000
    1091 Alahaki St
    5 Bds | 3 Ba
    1,800 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.
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    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.