265 Kenolio Rd, Kihei, 96753

REDUCED 7% Residential Income - Multi Family For Sale

$3,895,000

10Beds
5Baths
4,384Sqft
¾Acres
–Built
105DOM
MLS® #: 405243
Active, 105 Days on Market
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Just one block from the ocean, this distinctive Kihei estate blends lifestyle flexibility with long-term investment potential. Zoned R-2 and spanning 32,670 sq. ft., the property allows up to four homes and two ohanas—double its current layout of two homes and one ohana—making it ideal for multi-generational living, shared ownership, or creative housing use. Set amid lush tropical landscaping, the three separate dwellings offer privacy, generous parking, and versatile configurations. The two-story back house includes five bedrooms, five bathrooms, a full kitchen, and a kitchenette. The primary suite—known as “The Penthouse”—features a spa-style shower and rooftop deck with jacuzzi, ocean, and mountain views. The front house includes four bedrooms and two bathrooms, plus a private fully remodeled upstairs suite with its own entrance, wet bar, and bathroom. The recently built detached ohana is complete with a modern full kitchen, built in office space, Murphy bed, and full bath. Additionally, the ohana has an outdoor shower and enclosed outdoor half bath—ideal for rinsing off after a beach day. With no HOA, AC throughout, owned PV systems, two water meters, and a purchased transformer, this is a compelling buy-and-hold opportunity —perfect for those seeking long-term appreciation & expansion potential, or an income-generating compound on Maui. A strong fit for 1031 exchange buyers looking for flexibility, land value, and lifestyle.

Price & Status History

Date Details
Price Reduced from $4,188,000 to $3,895,000

Essential Information

MLS® #: 405243
Price: $3,895,000
Bedrooms: 10
Bathrooms: 5.00
Square Footage: 4,384
Acres: 0.75
Type: Residential Income
Sub-Type: Multi Family
Land Tenure: Fee Simple
Status: Active

Community Information

Address: 265 Kenolio Rd
Area: Kihei
City: Kihei
State: HI
Zip Code: 96753

Amenities

View: Mountain/Ocean
Waterfront: None

Interior

Interior Features: Remodeled, Storage

Exterior

Exterior Features: Lawn Sprinkler
Lot Description: Gentle Slope

Additional Information

Listed By: The Agency Maui
Date Listed: March 13th, 2025
Days on Market: 105
Zoning: Residential
Monthly Maintenance Fees: $0.00
Division: 2
Zone: 3
Section: 9
Plat: 015

Listing Details

Office Contact: Cell: 808-281-6339

Financials

$/SqFt: $888

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