Hawaii Living

731 Wanaao Rd (Enchanted Lake)

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Photo 1 of 731 Wanaao Rd, Kailua
731 Wanaao Rd, Kailua
Selling or Buying in Enchanted Lake?
Description
Spacious, energy-efficient corner home in a great neighborhood with excellent rental potential. The home has almost 3,500 sq ft interior space. Plenty of room for multi-generational living or rental income. The property has 48 leased solar panels on NEM agreement, a tankless water heater, and fully upgraded electrical panels. There is a spacious yard, a side patio, and a covered lanai. Excellent location, close to Enchanted Lake community park and shopping center, Kailua beach, and Kailua town. The actual number of bedrooms does not match tax records. Sold “As Is.” A few photos are virtually staged.
Past Activity
  • Nov 16, 2023 Sold for $1,700,000
  • Aug 14, 2023 Under Contract
  • Jun 04, 2023 Price $1,775,000
  • Mar 29, 2023 Listed at $1,795,000
  • Feb 05, 2023 Off Market
  • Nov 21, 2022 Off Market
  • Oct 04, 2022 Price $1,795,000
  • Aug 18, 2022 Listed at $1,850,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $486
  • Year Remodeled: 2014
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • Elementary School: Enchanted Lake
  • Middle School: Kailua
  • High School: Kailua
  • View: Mountain
  • Furnished: None
  • Property Condition: Above Average,Average
  • TMK: 1-4-2-49-2-0
  • Tax Assessed Land: $1,259,800
  • Tax Assessed Improvements: $740,300
  • Tax Assessed Total: $1,950,100
  • Courtesy: Town and Country Real Estate / (808) 389-4004
  • MLS: 202306630
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 18, 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
$2,395,000
1091 Alahaki St
5 Bds | 3 Ba
1,800 ft²
Other Oahu Homes
Keolu Hills
$1,698,000
1159 Loho St
5 Bds | 3 Ba
2,099 ft²
Keolu Hills
$1,490,000
1233 Keolu Dr
5 Bds | 3 Ba
1,644 ft²
Kaopa
$1,375,000
368 Keolu Dr
5 Bds | 3 Ba
1,784 ft²
Kalama Tract & Coconut Grove
$2,200,000
244 Kihapai St#A
5 Bds | 3 Ba
3,157 ft²
Maili
$1,777,000
Kaneohe Town
$1,795,000
45-217 Kailiwai Pl
6 Bds | 4 Ba
1,836 ft²
  • Sold 11/16/23 at $1,700,000
    (List Price: $1,775,000)
Description
Spacious, energy-efficient corner home in a great neighborhood with excellent rental potential. The home has almost 3,500 sq ft interior space. Plenty of room for multi-generational living or rental income. The property has 48 leased solar panels on NEM agreement, a tankless water heater, and fully upgraded electrical panels. There is a spacious yard, a side patio, and a covered lanai. Excellent location, close to Enchanted Lake community park and shopping center, Kailua beach, and Kailua town. The actual number of bedrooms does not match tax records. Sold “As Is.” A few photos are virtually staged.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 18, 2026.Information is deemed reliable but not guaranteed.
    • Nov 16, 2023 Sold for $1,700,000
    • Aug 14, 2023 Under Contract
    • Jun 04, 2023 Price $1,775,000
    • Mar 29, 2023 Listed at $1,795,000
    • Feb 05, 2023 Off Market
    • Nov 21, 2022 Off Market
    • Oct 04, 2022 Price $1,795,000
    • Aug 18, 2022 Listed at $1,850,000
    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
    $2,395,000
    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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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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