Coconut Grove Homes with Waterfront Frontage

Welcome to Coconut Grove, a hidden gem nestled in the picturesque town of Kailua, Hawaii, on the stunning island of Oahu. Renowned for its lush landscapes and tranquil ambiance, Coconut Grove offers a unique blend of natural beauty and vibrant community life. This charming neighborhood is characterized by its tree-lined streets, friendly neighbors, and a laid-back island vibe that makes it a perfect retreat for families and individuals alike.

One of the most alluring features of Coconut Grove is its breathtaking waterfront properties. Imagine waking up to the gentle sound of waves lapping against the shore, with panoramic views of the sparkling ocean right outside your window. Homes with waterfront frontage in this area not only provide an idyllic setting but also offer unparalleled access to Kailua's pristine beaches and crystal-clear waters. Whether you enjoy kayaking, paddleboarding, or simply lounging on the sand, this neighborhood is a haven for water enthusiasts.

Coconut Grove is also conveniently located near an array of local amenities, including charming boutiques, delightful cafes, and delicious dining options that highlight the flavors of Hawaii. The nearby Kailua Town offers everything from farmers' markets to art galleries, ensuring there's always something new to explore.

With its captivating scenery, community spirit, and access to stunning waterfront homes, Coconut Grove is more than just a neighborhood—it's a lifestyle. Come discover the magic of Coconut Grove, where your dream home awaits amid the beauty of island living!

Newest Coconut Grove Homes with Waterfront Frontage

$725,000

202610595 MLS ⋅ FS - Fee Simple Tenure ⋅ 56 DOM

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

$735,000

202610597 MLS ⋅ FS - Fee Simple Tenure ⋅ 56 DOM

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

$725,000

202610604 MLS ⋅ FS - Fee Simple Tenure ⋅ 56 DOM ⋅ 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

$725,000

202610606 MLS ⋅ FS - Fee Simple Tenure ⋅ 56 DOM

221 Kihapai Street Unit 2, 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.