Oahu Home Tours, Kailua | This $1.1M Cottage In Coconut Grove Is 98% Land

Oahu home tours come with real market data here, not just pretty footage. In this Kailua Coconut Grove home tour and Oahu, Hawaii real estate market update, we go inside a $1.1 million cottage that shares its lot with a larger $1.649 million home next door, and break down what the market means for buyers and sellers right now, as of August 2026. Watching a property and want the real picture behind the listing? Request your private walk-through here: https://islandlivingoahu.com/tour-request

Two brand new listings hit the market on the same day on this same lot in Kailua's Coconut Grove pocket, bordering the Kawainui Marsh, and by the end of this video you'll know exactly what the county's own tax numbers say about this cottage, and what it means if buying just this one, just its larger sibling, or both is on your radar.

Quick facts: this cottage is listed at $1.1 million, 2 bedrooms, 1 bathroom, 824 square feet of living space, 1,154 total including a covered lanai and carport, built in 1948 and remodeled in 2010. It shares a two car carport with the larger home next door, and shares the same lot under a CPR, a condominium property regime.

In this video I cover why the county assesses this property as almost entirely land value, rental income and yield estimates for this cottage alone and combined with its larger sibling, how the numbers behind the two listings compare, current Coconut Grove market trends including months of supply and days on market, a real track record of how similar two-home CPR lots in this pocket have performed, and what to know about price per square foot if you're weighing buying one home versus both.

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Aksana Tupalskaya RS-85710 | Island Living Oahu of Keller Williams Honolulu RB-21303

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Listing courtesy of Kitty Cano (R) & Heather M Agcaoili (R), Residential Resource, Inc.

About Island Living Oahu I'm Aksana Tupalskaya with Island Living Oahu, and this channel is home to Oahu home tours and the Oahu, Hawaii real estate market update, all in one place. Every week I publish home tour videos Oahu Hawaii buyers and sellers actually use, walking real listings room by room and then breaking down the Oahu, Hawaii real estate market behind them. From a Hawaii Kai home tour to Kailua, Kaneohe, Ewa Beach and beyond, these are real Hawaii home tours with real numbers, not just pretty footage. Whether you are buying or selling, I cover the things that change the outcome. On the buying side, I get into Oahu, Hawaii home buying things to know, from fee simple versus leasehold to the true cost of ownership. On the selling side, I cover Oahu home selling things to know, how to price, and what selling a home on Oahu really looks like in today's market. If you are searching Oahu homes for sale or Oahu, Hawaii homes for sale, or thinking about Hawaii home selling, these tours are built to make you a sharper buyer or seller. From time to time I also feature luxury home tours on Oahu and Oahu luxury real estate when a listing calls for it. A big part of what I do is helping people relocating to Oahu Hawaii, including our military community. If you are looking at a military relocation to Oahu, a military move to Hawaii, or PCSing to Oahu, I can walk you through buying a home with BAH on Oahu, using a VA loan on Oahu, and what military living in Hawaii is really like, from Ewa Beach homes for sale to homes near the Kaneohe Marine base.

Disclaimer: This video is for general informational and educational purposes only and is not legal, financial, or real estate advice. Listing details and market data are sourced from the MLS and other sources deemed reliable but not guaranteed accurate. Information may change or contain errors. Please independently verify all details, including bedroom and bathroom counts, square footage, permits, and pricing, with the listing agent, your own licensed agent, and official public records before making any decision.

#OahuHomeTours #Kailua #CoconutGrove #KailuaHomeTour #OahuRealEstate #IslandLivingOahu #OahuHawaiiRealEstateMarketUpdate #OahuMarketUpdate #KailuaMarketUpdate #KailuaHomesForSale #RelocatingToOahu #MovingToHawaii #VALoanOahu #MilitaryRelocationToOahu #PCSToOahu #OahuHomesForSale

0:00 This Cottage Is 98% Land: What $1.1M Buys
1:53 Rental Yield: This Cottage vs. Both Homes Combined
3:04 Buy the Cottage, the Larger Home, or Both
4:08 Coconut Grove's Real Market Numbers
5:27 Is This a Buyer's or Seller's Market Right Now?
6:40 What Is a CPR? Two Homes, One Lot, and How They've Sold
8:05 37 Cancelled & Expired Listings
9:00 Touring the Cottage & the Flood Zone
10:17 Price Per Sqft & the Bottom Line

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