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The Coconut Grove neighborhood in Kailua is where many first-time
Kailua buyers land β smaller lots, R5 zoning, plantation-era
homes from the 1950s and 60s, and prices that (relatively
speaking) still work. But this listing at 426 Kani Street does
something most Coconut Grove homes don't: it has a legal,
permitted Ohana dwelling upstairs.
See the full details: https://www.dwellhawaii.com/property-search/detail/66/202617440/426-keaniani-st-kailua-hi-96734/
In this video, Maila tours a 3-bedroom, 2-bath Coconut Grove home
listed at $1.769M (also VA-assumable) with a 526 sqft permitted
Ohana unit that can be rented for approximately $2,400/month β
and explains how that rental income translates into roughly
$200,000 more in buyer borrowing power through American Savings
Bank and other Hawaii lenders. She also breaks down the Coconut
Grove neighborhood specifically, the flood zone considerations
above Oneawa Street, and the Q3 2026 market data for Oahu,
Kailua, and Ewa Beach.
π KAILUA + OAHU MARKET SNAPSHOT (Q3 2026)
- Oahu median: $1.19M (up 4% YoY)
- Days on market: 17 (up 22% β homes selling faster)
- Sweet spot pricing: $999Kβ$1.4M
- Ewa Beach median: $995K (309 YTD sales β highest volume)
- Kailua median: $1.7M (150 YTD sales)
- Coconut Grove: 10 active, 25 YTD sales, $1Mβ$2.5M range
π‘ THE LISTING AT A GLANCE
- Address: 426 Kani Street, Kailua HI 96734
- Price: $1,769,000 (VA assumable)
- 3 beds, 2 baths, ~1,500 sqft main home
- 526 sqft permitted Ohana dwelling
- 700 sqft carport (3-car capacity)
- Full PV solar + battery backup
- 5,000 sqft lot
π WORK WITH DWELL HAWAII
Dwell Hawaii is a real estate team with Coldwell Banker Realty.
Based on Oahu, we help buyers and sellers navigate Kailua,
Coconut Grove, and every neighborhood on the Windward side.
π© [email protected]
π www.dwellhawaii.com
π (808) 468-8181
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