Coconut Grove Homes with Waterfront Frontage

Welcome to Coconut Grove, a hidden gem nestled in the heart of Kailua, Oahu. Known for its stunning natural beauty and vibrant community, this neighborhood offers a unique blend of island living and modern convenience. With its lush greenery, swaying palm trees, and serene beaches, Coconut Grove is the perfect escape for those seeking tranquility and adventure alike.

One of the most alluring features of this neighborhood is its waterfront frontage. Imagine waking up to the gentle sound of waves lapping against the shore, with breathtaking views of the turquoise ocean right outside your window. Homes in Coconut Grove boast prime waterfront access, allowing residents to enjoy a myriad of water activities, from kayaking and paddleboarding to sunset strolls along the beach. This idyllic setting not only enhances the quality of life but also provides a perfect backdrop for entertaining friends and family.

Coconut Grove is more than just a picturesque locale; it’s a thriving community with a rich cultural tapestry. Residents enjoy easy access to local shops, farmers' markets, and delightful eateries that showcase the flavors of Hawaii. For outdoor enthusiasts, the neighborhood is surrounded by lush parks and hiking trails, offering endless opportunities for exploration and adventure.

Whether you’re looking for a charming cottage or a luxurious waterfront estate, Coconut Grove has something for everyone. Embrace the island lifestyle in this enchanting neighborhood where every day feels like a vacation. Come discover your piece of paradise in Coconut Grove, Kailua – where the ocean meets your doorstep!

Newest Coconut Grove Homes with Waterfront Frontage

$725,000

202610595 MLS ⋅ FS - Fee Simple Tenure

Great New Price, now listed at $725,000. Build your Kailua dream home in a private, peaceful valley setting with 98' of canal frontage and unobstructed views of the Majestic Ko'olaus. Unit 2 of the Kihapai Ohana Residential CPR offers ~5,000 sq ft of private land in the serene Maunawili Valley, on one of the last remaining unbuilt parcels in Kailua. The property lives larger thanks to adjacent City & County buffer land along the waterway, enhancing privacy and connection to nature - you've got to visit and experience for yourself. Set back from the street for privacy yet conveniently located for construction, the lot allows creative site planning and potential two-lot assemblage (1+2 or 2+3). Utilities are nearby, and as one of the first two homes built, Unit 2 is fully SMA-exempt, streamlining permitting. Units 1, 2, and 3 may be purchased individually or together, offering a rare opportunity to live in a private, nature-filled landscape with the timeless spirit of Hawaii.

221 Kihapai Street Unit 2, Kailua

Listing courtesy of Hawaii Life.

$735,000

202610597 MLS ⋅ FS - Fee Simple Tenure

Set within a truly magical and serene setting, Unit 3 of the Kihapai Ohana CPR Development comes with a fully approved DPP building permit for a 1,607 sq ft 4bd/2ba home with carport and covered lanai, and spectacular panoramic Ko'olau views from every bedroom. With 120' of canal frontage and direct access to the Maunawili Stream, Unit 3 lives larger with the huge City & County land buffer zone creating a rare sense of privacy and connection to nature - you've got to visit and experience it for yourself. Enjoy kayaking or paddleboarding along the gentle waterways, or simply relax while surrounded by lush greenery and dramatic mountain vistas. A full construction cost breakdown, utility trenching estimates, and site development details have been prepared by a licensed contractor who is ready to build upon close, or you can bring your own builder. All details are included in the due-diligence packet. Units 1, 2, and 3 may be purchased individually or together.

221 Kihapai Street Unit 3, Kailua

Listing courtesy of Hawaii Life.

$725,000

202610604 MLS ⋅ FS - Fee Simple Tenure ⋅ Na BLDG.

Build your Kailua dream home in a private, peaceful valley setting with 98' of canal frontage and unobstructed views of the Majestic Ko'olaus. Unit 2 of the Kihapai Ohana Residential CPR offers ~5,000 sq ft of private land in the serene Maunawili Valley, on one of the last remaining unbuilt parcels in Kailua. The property lives larger thanks to adjacent City & County buffer land along the waterway, enhancing privacy and connection to nature - you've got to visit and experience for yourself. Set back from the street for privacy yet conveniently located for construction, the lot allows creative site planning and potential two-lot assemblage (1+2 or 2+3). Utilities are nearby, and as one of the first two homes built, Unit 2 is fully SMA-exempt, streamlining permitting. Units 1, 2, and 3 may be purchased individually or together, offering a rare opportunity to live in a private, nature-filled landscape with the timeless spirit of Hawaii.

221 Kihapai Street Unit 2, Kailua

Listing courtesy of Hawaii Life.

$725,000

202610606 MLS ⋅ FS - Fee Simple Tenure

221 Kihapai Street Unit 2, Kailua

Listing courtesy of Hawaii Life.

Start Your Search

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.