Waimea Homesteads Homes under $2.5 million

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Newest Waimea Homesteads Homes under $2.5 million

$1,499,000

3 Beds ⋅ 3 Baths ⋅ 731623 MLS ⋅ ['Fee Simple'] Tenure

For the buyer who recognizes opportunity and untapped potential—this uniquely configured Waimea property deserves a closer look. Set in an exceptionally convenient Waimea location, this renovated property offers a rare combination of location, flexibility, potential for both short and long-term value. The multi-bedroom residence is currently configured with three or more distinct living areas, creating privacy for extended family, guests, work-from-home needs or a combination of uses. The layout provides separation and privacy between the various living areas, making this an appealing opportunity. It may work equally well as a primary residence and space for extended family living. Location is a standout. Positioned nearly equal distance between Hawaiʻi Preparatory Academy (HPA) and Parker School and just minutes from the heart of Waimea, the property offers easy access to shopping, dining, medical services and everyday conveniences. The Kohala Coast’s world-class beaches and resorts are also within easy reach. The property has been renovated, and a brand-new, permitted septic system adds significant value for future ownership. Features include multiple; covered outdoor living areas, stone countertops, generous storage, ample parking and beautiful views of Waimea’s rolling hills. Centrally located near town, schools, shopping and dining, with the added benefit of no HOA or CC&Rs. With its central Waimea location, proximity to schools and town, and potential, this property offers exceptional versatility in one of Hawaiʻi Island’s most desirable residential communities.The rental potential and unique configuration are best appreciated in person—easy to see and ready for your private showing. Virtual Tour link: https://hawaiian-virtual-tours.aryeo.com/videos/019ff534-5d4d-714b-b013-f05251c15191

65-1397 Kawaihae Rd, KAMUELA

Listing courtesy of COMPASS.

$675,000

3 Beds ⋅ 1 Baths ⋅ 732565 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pomaikai Cottages BLDG.

This is your chance to own a rare 3bd full bathroom unit with fireplace and private entrance in central Waimea above Merriman’s. This well-maintained unit is in a building that was recently given a facelift with fresh paint, carpeting and woodwork. This charming unit is on the second floor and is adorned with two sets of south-facing French windows that lead onto a broad lanai looking out over Waimea. From the kitchen window you can see Mauna Kea. The rear bedrooms face the pine trees along Pomaikai Place. Altogether you will enjoy fantastic light and airflow throughout. The fireplace in the family room provides cozy, romantic warmth during Waimea’s cool winter nights. This unit includes a private, covered parking space that leads right into the main entrance. There is also a separate stairway off of Opelo Rd. that leads onto the lanai and entrance through the french doors. You are literally walking distance from fine dining at Merriman’s, weekly music and entertainment at Uila Records, great coffee at Surf Camp, great grindz at Taco Rosa and Pau Pizza. For young families you will enjoy some of the best schools on the island. For investors you will enjoy a solid rental property in a well maintained building where you will be able to choose from amongst the most qualified prospective tenants.

65-1241 Opelo Rd Unit 7, KAMUELA

Listing courtesy of Real Broker.

$685,000

2 Beds ⋅ 1 Baths ⋅ 729152 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hana Hou Cottages BLDG.

One of the most unique properties available in Waimea, this dual-zoned unit offers exceptional flexibility for residential, professional, and investment use—all within one of the town's most desirable and central locations. Whether envisioned as a full-time residence, professional office, income-producing rental, or a combination of uses, the property's zoning creates opportunities rarely found in downtown Waimea. The property provides immediate rental income while preserving future options for owner occupancy, business use, or rental investment. The approximately 1,060-square-foot interior includes two bedrooms, one full bathroom, a kitchen, and a comfortable living area, allowing residential and commercial applications. Further enhancing its value, this is one of only two units in the building with deeded parking rights. The property also benefits from professional on-site HOA management. Unlike four of the six downstairs office units, which are restricted to daytime office use and lack kitchens and bathrooms, this unit is fully equipped for residential occupancy, making it uniquely versatile. Ideally situated in the center of Waimea, the property is just steps from popular dining and gathering destinations including Merriman's Waimea, Pau Pizza, Taco Rosa, Arvo Café, Surf Camp, and Moa Kitchen. Shopping, schools, farmers markets, and daily conveniences are all within easy walking distance. Combining dual zoning, deeded parking, residential amenities, established rental income, and an unbeatable in-town location, this property represents a rare opportunity to live, work, invest—or enjoy all three—in the very heart of Waimea. Seller will consider owner financing with 50% down and other acceptable terms. Terms Acceptable: Cash or Commercial loan.

65-1229-A Opelo Road Unit 5, KAMUELA

Listing courtesy of COMPASS.

$2,395,000

4 Beds ⋅ 4 Baths ⋅ 730437 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kamuela Heights BLDG.

Atop Waimea's most elevated and private street, this meticulously remodeled estate captures some of the most spectacular panoramic views on Hawai‘i Island—from the rolling pastures of Waimea to Mauna Kea, Mauna Loa, Hualālai, and the Kohala coastline beyond. Reimagined in 2011, the residence was thoughtfully designed to embrace the extraordinary setting through expansive windows, generous gathering spaces, exceptional privacy, and seamless indoor-outdoor living. The main level centers around a light-filled great room with fireplace, where walls of glass frame breathtaking vistas and open to a spacious lanai. The Chef's kitchen features custom cherry wood cabinetry, detailed millwork, an oversized island, and an adjoining dining area ideal for both everyday living and entertaining. Privately positioned off the great room, the primary suite enjoys abundant natural light and a spacious bath with dual vanities, soaking tub, and walk-in shower. An additional ensuite bedroom and third bedroom with detached bath are located opposite of the laundry room. Extensive renovations enhanced both comfort and craftsmanship, including expanded living areas, widened hallways and doorways for accessibility, and custom mahogany doors, trim, handrails, and hardware handcrafted by Amish artisans. The lower level offers exceptional flexibility with a private-entry studio complete with a full kitchen and bath, dedicated office, flex room, and access to the expansive three-car garage. Outside, the level backyard offers room for a future pool, sport court, or additional amenities. An owned net-metered photovoltaic solar system and solar hot water system further enhance efficiency and long-term value. Combining enduring craftsmanship, remarkable privacy, and commanding Big Island views, this distinguished estate represents an opportunity within one of Kamuela's most coveted neighborhoods.

65-1310 Lihipali Rd Unit B, KAMUELA

Listing courtesy of COMPASS.

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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.