Enchanted Lake Homes under $2 million

Welcome to Enchanted Lake, a hidden gem nestled in the picturesque town of Kailua on the beautiful island of Oahu, Hawaii. This delightful neighborhood offers a unique blend of serene living and vibrant community spirit, making it an ideal place for families, retirees, and anyone seeking a slice of paradise.

Enchanted Lake is known for its stunning natural beauty, featuring lush landscapes, tranquil waterways, and breathtaking views of the Ko'olau Mountains. The area boasts an array of outdoor activities, from kayaking on the calm waters of Enchanted Lake to hiking the scenic trails that wind through the nearby mountains. Residents enjoy the convenience of being just a short drive away from Kailua Beach, where powdery sands and crystal-clear waters await.

The neighborhood is characterized by its charming single-family homes, many of which are designed to embrace the island lifestyle. With homes available under $2 million, Enchanted Lake offers a variety of options for those looking to invest in their dream home. Whether you’re seeking a cozy bungalow or a spacious family residence, you’ll find properties that reflect the laid-back elegance of Hawaiian living.

Community events and local markets foster a sense of belonging, while top-rated schools and friendly neighbors create an inviting atmosphere for families. Enchanted Lake is not just a place to live; it’s a lifestyle where the spirit of aloha thrives. Come and discover the magic of Enchanted Lake, where your dream home awaits amidst the natural beauty of Oahu.

Newest Enchanted Lake Homes under $2 million

$1,645,000

3 Beds ⋅ 2 Baths ⋅ 202618852 MLS ⋅ FS - Fee Simple Tenure ⋅ 8 DOM

Meet your favorite morning spot: a sun-filled living room framed by distinctive trapezoid windows, where natural light pours in and beautiful mountain views set the tone for the day. Tucked at the end of a double-ended cul-de-sac, this gracious single-level home offers comfort, privacy, and easy living. The spacious lanai is perfect for morning coffee, weekend BBQs, entertaining, or unwinding with majestic Olomana as your backdrop. Pride of ownership shines throughout, with beautifully renovated bathrooms, new appliances, tasteful lighting, and thoughtful improvements that make this home truly move-in ready. Additional features include soft-close hardware added to existing kitchen cabinetry, new vinyl gates, new interior doors, an updated electrical panel, fresh interior paint (2023), and preventative ground termite treatment (2025). Enjoy indoor-outdoor living with beaches, parks, dining, and shopping just minutes away in Kailua Town. $10,000 Seller credit toward Buyer’s closing costs.

563 Alihi Place, Kailua

$845,000

3 Beds ⋅ 2 Baths ⋅ 202617820 MLS ⋅ FS - Fee Simple Tenure ⋅ 26 DOM ⋅ Lakeview BLDG.

Discover the comfort and convenience of Kailua living in this beautifully renovated 3-bed, 2-bath townhouse, ideal for a working professional or growing family. Fully renovated in 2026, the home has been thoughtfully refreshed from top to bottom, including the kitchen, flooring, bathrooms, appliances, and removed popcorn ceiling, creating a modern and move-in-ready living experience. As an end unit, the home offers an added sense of privacy and is tucked among lush greenery, creating a secluded atmosphere that feels like a retreat. The open-concept living area provides a welcoming space for everyday living and entertaining, while the patio extends the living space outdoors and captures the indoor-outdoor lifestyle Hawaii is known for. Multiple storage areas add valuable functionality, helping keep the home organized and comfortable. Located in a desirable neighborhood, the property also offers two parking spaces plus guest parking. With its comprehensive 2026 remodel, generous outdoor spaces, and desirable location, this is an opportunity to enjoy a brand new home while staying close to the lifestyle, community, and convenience that make Kailua such a special place to call home.

978-A Akipohe Place Unit 2A, Kailua

$1,799,000

6 Beds ⋅ 4 Baths ⋅ 202617417 MLS ⋅ FS - Fee Simple Tenure ⋅ 33 DOM

$50,000 SELLER CREDIT! Legacy Pool Property in Kailua with 2 Separate Entry Rentals & Tons of Living Space! Located in the desirable Enchanted Lake area, 1253 Nanawale Way offers a flexible layout with rare versatility to have rental income offset your mortgage! Main home a spacious 4 bedroom with massive primary bedroom and 2 living rooms. A private-entry studio can optionally connect to the main house floor plan if desired. Separate-entry 2-bedroom 1 bathroom studio upstairs, has ocean views. Situated near Enchanted Lake Shopping Center, Safeway, Starbucks, restaurants, coffee shops, neighborhood conveniences, and schools, this location makes everyday living easy. Enjoy quick access to Kailua Town, Kailua Beach Park, Lanikai, Ka?elepulu/Enchanted Lake, Pali Highway, H-3, Adventist Health Castle, and Marine Corps Base Hawaii. Don't miss out on this property that has the potential to BUILD YOUR LEGACY! Open home at 9/17/2026 from 9:30am to 11:30am.

1253 Nanawale Way, Kailua

$835,000

3 Beds ⋅ 2 Baths ⋅ 202616364 MLS ⋅ FS - Fee Simple Tenure ⋅ 49 DOM ⋅ Lakeview BLDG.

Lake views, privacy, VA Assumable with a 5.75% mortgage rate and a layout that feels different from the typical townhome. This 3-bedroom, 2-bath home in Lakeview Townhomes offers one of the community’s rare full lake views and a floor plan with separation where it matters. The downstairs level creates a private primary retreat, with the primary bedroom and full bath tucked away from the rest of the home and surrounded by peaceful tree views. Thoughtfully maintained and refreshed throughout, the home features updated bathroom sinks, refreshed kitchen cabinetry, a new dishwasher, window screens, and blinds. The split AC condenser was relocated beneath the home, opening up additional usable lanai space for relaxing, entertaining, and enjoying the lakefront setting. There’s also additional storage beneath the home—an especially useful bonus in townhome living. Enjoy the lake views year-round, plus a front-row seat when Fourth of July and New Year’s fireworks light up the sky. Bike, walk or dive because you're minutes from Kailua Town, beaches, dining, shopping, and schools, this home offers the space, setting, and convenience that make Windward living so special.

1237 Akipohe Streets Unit 4C, Kailua

$1,925,000

4 Beds ⋅ 2 Baths ⋅ 202615608 MLS ⋅ FS - Fee Simple Tenure ⋅ 50 DOM

A peaceful Kailua retreat where privacy, comfort, and the natural beauty of Hawai'i come together. Wake up to the beauty of Kailua and unwind in this serene, lovingly maintained single-level home, tucked beside a tranquil wetland and bird sanctuary with breathtaking Olomana views. A timeless tile roof and distinctive rock wall add character and lasting appeal. Designed for true island living, the expansive private back deck offers plenty of space to relax, enjoy quiet morning coffee, spend leisurely afternoons, or entertain friends. Inside, warm hardwood floors, vaulted ceilings, newer windows, split ACs and fans in every room, and 19 owned PV panels create a comfortable home with thoughtful modern upgrades. The flexible 4-bedroom, 2-bath layout includes a fourth bedroom currently used as a den. The remodeled kitchen features custom cabinetry and painted quartz countertops and flows naturally into the spacious family and dining areas. A beautiful picture-frame window frames the lush surroundings, bringing the beauty of nature indoors. Ideally located a few miles to Marine Corps Base, Kailua Beach, Lanikai Beach and Kailua town for Whole Foods, Target, shops, restaurants and more.

1188 Akuila Place, Kailua

$840,000

3 Beds ⋅ 2 Baths ⋅ 202616275 MLS ⋅ FS - Fee Simple Tenure ⋅ 51 DOM ⋅ Lakeview BLDG.

Welcome to this special corner-unit townhome in the desirable Lakeview community of Enchanted Lake! This 3-bedroom, 2-bath residence offers convenient living with 2 assigned parking stalls and a location that puts you right next to the parking area, mailboxes, and trash facilities. Recently renovated and featuring a spacious wrap-around lanai, the home captures beautiful sunrise and lake views while enjoying the cool tradewind breezes that make Enchanted Lake so comfortable year-round. The open layout and thoughtful updates create a bright, inviting space ready for its next owner. Assessment is paid in full. Enjoy the ease of townhome living in one of Kailua’s most established neighborhoods, just minutes from shopping, dining, schools, and the beach. Don’t miss this opportunity—schedule your showing today!

1139 Akipohe Street Unit 11D, Kailua

$1,849,000

3 Beds ⋅ 3 Baths ⋅ 202614109 MLS ⋅ FS - Fee Simple Tenure ⋅ 72 DOM

Price reduction! Great location! Don't miss this incredible opportunity to own a charming newly Completely renovated 3-bedroom, 2.5-bathroom home plus an work space in the main bedroom and a recreation room that can be use for extra living or exercise/TV room with a BBQ decking on a spacious 7677 sq ft level lot located at Enchanted lake kailua. The renovation includes new exterior and interior wall, new windows and doors, new roofing, new flooring, new cabinets and granite counter top, new appliances, new splits AC in every room, new gutter, new electric and plumbing lines and fixtures, new rock wall, new landscape and water sprinkler system etc. Enjoying beautiful mountain and lake views and the extra privacy the waterway that separates the property from its neighbors. This like new home is one of must see! The extra large backyard offers endless possibilities. Enjoying peaceful living just minutes to kailua's beach, shops, and dining. Tax record not updated with the new renovation.

743 Akumu Street, Kailua

$1,460,000

3 Beds ⋅ 2 Baths ⋅ 202614243 MLS ⋅ FS - Fee Simple Tenure ⋅ 78 DOM

Rare Opportunity! $100,000 price improvement creates outstanding value for buyers in Kailua! Enjoy effortless island living in desirable Enchanted Lake. This refreshed single-level 3-bedroom, 2-bath home is nestled on a generous 7,500 square foot lot along a quiet street with minimal through traffic. Enjoy cooling Tradewinds, and a peaceful private retreat feeling. Inside, high beam ceilings, updated LED lighting, fresh interior paint, luxury waterproof laminate flooring, and mountain views from the living room create a bright, modern setting. The open kitchen features quartz countertops, a new sink and new stainless-steel appliances. A spacious permitted addition add flexible living space for a family room, media room, or office. Outdoors, the exterior is freshly painted. Large permitted covered lanai, fully fenced and landscaped yard, and fruit-bearing mango tree. This backyard is the ideal space for relaxing or hosting gatherings. Minutes to Kailua Beach and close to Kailua Town shops, groceries, restaurants, Windward schools, Castle Medical Center, Pali Highway and H-3, this home blends comfort, convenience, and fully embraces Windward Lifestyle. Don't miss out!

621 Palawiki Street, Kailua

$1,495,000

4 Beds ⋅ 2 Baths ⋅ 202612259 MLS ⋅ FS - Fee Simple Tenure ⋅ 111 DOM

Enjoy the best of Kailua living in this beautifully updated 4-bedroom, 2-bath home, conveniently located just minutes from the heart of town. Renovated in 2021, the kitchen and bathrooms offer modern finishes, and a brand-new split AC system was recently installed for added comfort. The home's thoughtful layout features two bedrooms and one full bath on each side, providing flexibility for a variety of living arrangements. Three bedrooms feature sliding glass doors that create a seamless connection to the outdoor spaces and bring in abundant natural light. The open-concept kitchen, living, and dining areas serve as the heart of the home and flow directly to the backyard, where you'll find a sparkling pool that was replastered in recent years. Enjoy easy access to Kailua Beach, Marine Corps Base Hawaii (Kaneohe Bay), Whole Foods, Target, local boutiques, restaurants, and the many shopping, dining, and recreational opportunities that make Kailua such a sought-after destination.

633 Keolu Drive, Kailua

$1,350,000

3 Beds ⋅ 2 Baths ⋅ 202612018 MLS ⋅ FS - Fee Simple Tenure ⋅ 113 DOM

Diamond in the rough! Spacious single level home with over 1,700 sf of living area features lofty cathedral ceilings and gorgeous light filled spaces! Ideal floorplan is perfect for entertaining with open living, dining, living and a 200 sf covered lanai! Enclosed 2 car garage w/direct entry into home/laundry room! Split A/C, newer roof, completely walled/fenced low maintenance yard and maybe room for a boat? Already surveyed and tented! Sold as is. Must see!

590 Keolu Drive, Kailua

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.