Coconut Grove Homes with Waterfront Frontage

Welcome to Coconut Grove, a picturesque neighborhood nestled in the heart of Kailua, Hawaii, where lush landscapes meet the sparkling waters of the Pacific Ocean. Known for its serene ambiance and vibrant community, Coconut Grove is a hidden gem that effortlessly combines tropical beauty with a laid-back island lifestyle.

This charming enclave is characterized by its stunning waterfront properties, offering residents unparalleled access to the pristine beaches and azure waters that make Kailua famous. Imagine waking up to the sound of gentle waves lapping at the shore, with breathtaking views of the ocean right from your window. Homes with waterfront frontage in Coconut Grove provide not just a residence, but a lifestyle infused with the essence of island living.

The neighborhood is adorned with swaying palm trees, vibrant gardens, and a friendly atmosphere, making it perfect for families and individuals alike. Take leisurely strolls along the beach, enjoy kayaking in the calm waters, or simply bask in the sun on one of the many nearby beaches. Coconut Grove also boasts a tight-knit community with local shops, cafes, and parks, fostering a sense of belonging that is hard to find elsewhere.

For those who appreciate outdoor activities, the nearby hiking trails and scenic parks offer an abundance of opportunities to explore the natural beauty of Oahu. With its perfect blend of tranquility and adventure, Coconut Grove is not just a place to live; it’s a place to thrive. Discover the magic of this idyllic neighborhood and find your dream home along the enchanting shores of Kailua today!

Newest Coconut Grove Homes with Waterfront Frontage

$725,000

202610595 MLS ⋅ FS - Fee Simple Tenure ⋅ 59 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 ⋅ 59 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 ⋅ 59 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 ⋅ 59 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.