Kalama/Cnut Grov Homes with Fee Simple Land tenure

Welcome to the charming neighborhood of Kalama/Cnut Grove, nestled in the picturesque town of Kailua on the beautiful island of Oahu, Hawaii. This vibrant community is a hidden gem, offering a perfect blend of laid-back island living and modern amenities. Known for its stunning beaches, lush landscapes, and friendly atmosphere, Kalama/Cnut Grove is an ideal location for families, professionals, and retirees alike.

One of the standout features of this neighborhood is its commitment to homeownership with Fee Simple land tenure. This means that residents enjoy full ownership of their property and land, providing peace of mind and the freedom to create a home that reflects their personal style. Whether you’re looking for a cozy single-family home or a spacious multi-bedroom residence, Kalama/Cnut Grove offers a variety of options to suit diverse lifestyles.

The community is conveniently located near Kailua's renowned beaches, where you can soak up the sun, surf the waves, or embark on a leisurely stroll along the shore. Local parks and recreational facilities are abundant, making it easy to enjoy outdoor activities and connect with nature. Additionally, the neighborhood boasts a selection of charming boutiques, delicious eateries, and essential services, ensuring that everything you need is just a stone's throw away.

Kalama/Cnut Grove is not just a place to live; it’s a lifestyle. With its warm sense of community, breathtaking scenery, and access to some of Oahu's best attractions, this neighborhood invites you to embrace the island life. Discover your dream home in Kalama/Cnut Grove today and experience the magic of Kailua living!

Newest Kalama/Cnut Grov Homes with Fee Simple Land tenure

$5,388,000

202510044 MLS ⋅ FS - Fee Simple Tenure ⋅ 514 DOM

PRICE REDUCTION! 5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.

54 Maluniu Avenue, 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.