Enchanted Lake Homes under $2 million

Welcome to Enchanted Lake, a picturesque neighborhood nestled in the heart of Kailua, Oahu. This charming community is a hidden gem that perfectly embodies the spirit of island living, offering a serene atmosphere complemented by stunning natural beauty. With its lush landscapes and tranquil waterways, Enchanted Lake is an ideal haven for families, retirees, and anyone seeking a slice of paradise.

One of the most appealing aspects of Enchanted Lake is its diverse range of homes, many of which are available for under $2 million. This makes it an attractive option for those looking to invest in a vibrant community without breaking the bank. The homes here boast a variety of architectural styles, from cozy single-family residences to spacious multi-level properties, each designed to capture the essence of island life. Many homes feature lush gardens, private lanais, and breathtaking views of the surrounding mountains and waterways, providing residents with a perfect backdrop for relaxation and outdoor entertaining.

Enchanted Lake is not just about beautiful homes; it also offers a wealth of amenities. With nearby beaches, parks, and recreational facilities, residents can enjoy a plethora of outdoor activities, from kayaking in the calm waters to hiking the scenic trails of the nearby Ko'olau Mountains. The vibrant Kailua town center is just a short drive away, featuring an array of shops, restaurants, and local markets that cater to every taste.

Experience the magic of Enchanted Lake, where your dream home awaits amidst the beauty of Oahu’s stunning landscapes. Embrace the island lifestyle today!

Newest Enchanted Lake Homes under $2 million

$845,000

3 Beds ⋅ 2 Baths ⋅ 202617820 MLS ⋅ FS - Fee Simple Tenure ⋅ 15 DOM ⋅ Lakeview BLDG.

Discover the comfort and convenience of Kailua living in this beautifully renovated 3-bed, 2-bath townhouse, ideal for a working professional or growing family. Fully renovated in 2026, the home has been thoughtfully refreshed from top to bottom, including the kitchen, flooring, bathrooms, appliances, and removed popcorn ceiling, creating a modern and move-in-ready living experience. As an end unit, the home offers an added sense of privacy and is tucked among lush greenery, creating a secluded atmosphere that feels like a retreat. The open-concept living area provides a welcoming space for everyday living and entertaining, while the patio extends the living space outdoors and captures the indoor-outdoor lifestyle Hawaii is known for. Multiple storage areas add valuable functionality, helping keep the home organized and comfortable. Located in a desirable neighborhood, the property also offers two parking spaces plus guest parking. With its comprehensive 2026 remodel, generous outdoor spaces, and desirable location, this is an opportunity to enjoy a brand new home while staying close to the lifestyle, community, and convenience that make Kailua such a special place to call home.

978-A Akipohe Place Unit 2A, Kailua

$1,799,000

6 Beds ⋅ 4 Baths ⋅ 202617417 MLS ⋅ FS - Fee Simple Tenure ⋅ 22 DOM

$50,000 SELLER CREDIT! Legacy Pool Property in Kailua with 2 Separate Entry Rentals & Tons of Living Space! Located in the desirable Enchanted Lake area, 1253 Nanawale Way offers a flexible layout with rare versatility to have rental income offset your mortgage! Main home a spacious 4 bedroom with massive primary bedroom and 2 living rooms. A private-entry studio can optionally connect to the main house floor plan if desired. Separate-entry 2-bedroom 1 bathroom studio upstairs, has ocean views. Situated near Enchanted Lake Shopping Center, Safeway, Starbucks, restaurants, coffee shops, neighborhood conveniences, and schools, this location makes everyday living easy. Enjoy quick access to Kailua Town, Kailua Beach Park, Lanikai, Ka?elepulu/Enchanted Lake, Pali Highway, H-3, Adventist Health Castle, and Marine Corps Base Hawaii. Don't miss out on this property that has the potential to BUILD YOUR LEGACY! Open home at 9/17/2026 from 9:30am to 11:30am.

1253 Nanawale Way, Kailua

$835,000

3 Beds ⋅ 2 Baths ⋅ 202616364 MLS ⋅ FS - Fee Simple Tenure ⋅ 38 DOM ⋅ Lakeview BLDG.

Lake views, privacy, VA Assumable with a 5.75% mortgage rate and a layout that feels different from the typical townhome. This 3-bedroom, 2-bath home in Lakeview Townhomes offers one of the community’s rare full lake views and a floor plan with separation where it matters. The downstairs level creates a private primary retreat, with the primary bedroom and full bath tucked away from the rest of the home and surrounded by peaceful tree views. Thoughtfully maintained and refreshed throughout, the home features updated bathroom sinks, refreshed kitchen cabinetry, a new dishwasher, window screens, and blinds. The split AC condenser was relocated beneath the home, opening up additional usable lanai space for relaxing, entertaining, and enjoying the lakefront setting. There’s also additional storage beneath the home—an especially useful bonus in townhome living. Enjoy the lake views year-round, plus a front-row seat when Fourth of July and New Year’s fireworks light up the sky. Bike, walk or dive because you're minutes from Kailua Town, beaches, dining, shopping, and schools, this home offers the space, setting, and convenience that make Windward living so special.

1237 Akipohe Streets Unit 4C, Kailua

$1,925,000

4 Beds ⋅ 2 Baths ⋅ 202615608 MLS ⋅ FS - Fee Simple Tenure ⋅ 39 DOM

A peaceful Kailua retreat where privacy, comfort, and the natural beauty of Hawai'i come together. Wake up to the beauty of Kailua and unwind in this serene, lovingly maintained single-level home, tucked beside a tranquil wetland and bird sanctuary with breathtaking Olomana views. A timeless tile roof and distinctive rock wall add character and lasting appeal. Designed for true island living, the expansive private back deck offers plenty of space to relax, enjoy quiet morning coffee, spend leisurely afternoons, or entertain friends. Inside, warm hardwood floors, vaulted ceilings, newer windows, split ACs and fans in every room, and 19 owned PV panels create a comfortable home with thoughtful modern upgrades. The flexible 4-bedroom, 2-bath layout includes a fourth bedroom currently used as a den. The remodeled kitchen features custom cabinetry and painted quartz countertops and flows naturally into the spacious family and dining areas. A beautiful picture-frame window frames the lush surroundings, bringing the beauty of nature indoors. Ideally located a few miles to Marine Corps Base, Kailua Beach, Lanikai Beach and Kailua town for Whole Foods, Target, shops, restaurants and more.

1188 Akuila Place, Kailua

$840,000

3 Beds ⋅ 2 Baths ⋅ 202616275 MLS ⋅ FS - Fee Simple Tenure ⋅ 40 DOM ⋅ Lakeview BLDG.

Welcome to this special corner-unit townhome in the desirable Lakeview community of Enchanted Lake! This 3-bedroom, 2-bath residence offers convenient living with 2 assigned parking stalls and a location that puts you right next to the parking area, mailboxes, and trash facilities. Recently renovated and featuring a spacious wrap-around lanai, the home captures beautiful sunrise and lake views while enjoying the cool tradewind breezes that make Enchanted Lake so comfortable year-round. The open layout and thoughtful updates create a bright, inviting space ready for its next owner. Assessment is paid in full. Enjoy the ease of townhome living in one of Kailua’s most established neighborhoods, just minutes from shopping, dining, schools, and the beach. Don’t miss this opportunity—schedule your showing today!

1139 Akipohe Street Unit 11D, Kailua

$848,000

3 Beds ⋅ 2 Baths ⋅ 202610853 MLS ⋅ FS - Fee Simple Tenure ⋅ 43 DOM ⋅ Lakeview BLDG.

$5,000 Seller credit with an accepted offer in the first two weeks! Breezy Kailua living meets quality craftsmanship in this spacious corner townhome. Fresh remodel including upgraded lighting and smooth drywall create a bright, modern feel. The travertine-tiled kitchen with maple cabinets, granite counters, stainless appliances, and wine fridge opens to generous living and dining spaces ideal for everyday life and entertaining. A new wraparound Trex lanai extends your living area outdoors, capturing lush mountain and lake views and cool trade winds. Custom double-pane Low-E windows and oversized sliders throughout. First and second floor split AC, plus updated baths with travertine walk-in shower and deep tub. The two-level layout offers two bedrooms, laundry, and a full bath on the main level, with the primary suite upstairs boasting sweeping views of Enchanted Lake. Ample storage: multiple attic access points, under-stair closet, gated entry patio for bikes & boards, and exterior shed. Prepaid SunRun solar system minimizes electricity costs. Two reserved parking stalls plus guest parking make hosting effortless.

995 Akipohe Place Unit 3A, Kailua

$1,580,000

3 Beds ⋅ 2 Baths ⋅ 202612434 MLS ⋅ FS - Fee Simple Tenure ⋅ 58 DOM

NEW LISTING! Beautifully updated 3 bedroom, 2 bath single-level home with stunning Koolau mountain views in a peaceful neighborhood setting. This Enchanted Lake charmer sits on a level 7,500-sqft lot and features a newly renovated kitchen, 25 owned PV panels, and a spacious flex room that's great for guests or entertaining. Bright-and-airy living room features new tile flooring that leads to a wide-open kitchen with a welcoming breakfast bar, luxurious African Canyon granite countertops, stainless steel appliances and farmhouse sink. The primary suite includes direct backyard access and a large walk-in closet. Enjoy indoor-outdoor living from the fully fenced yard with cool trade winds, natural shade, and a plumeria tree that adds to the relaxed island ambiance. Additional upgrades include high open-beam ceilings, multiple split ACs, fresh exterior paint and an EV outlet at the spacious carport. Located in a walkable neighborhood with ample street parking and easy access to Kailua Town, Kailua Beach, Lanikai Pillbox, Mid-Pacific Country Club, schools, shopping and freeways. Don’t miss this Windward gem!

903 Alahaki Street, Kailua

$1,849,000

3 Beds ⋅ 3 Baths ⋅ 202614109 MLS ⋅ FS - Fee Simple Tenure ⋅ 61 DOM

Price reduction! Great location! Don't miss this incredible opportunity to own a charming newly Completely renovated 3-bedroom, 2.5-bathroom home plus an work space in the main bedroom and a recreation room that can be use for extra living or exercise/TV room with a BBQ decking on a spacious 7677 sq ft level lot located at Enchanted lake kailua. The renovation includes new exterior and interior wall, new windows and doors, new roofing, new flooring, new cabinets and granite counter top, new appliances, new splits AC in every room, new gutter, new electric and plumbing lines and fixtures, new rock wall, new landscape and water sprinkler system etc. Enjoying beautiful mountain and lake views and the extra privacy the waterway that separates the property from its neighbors. This like new home is one of must see! The extra large backyard offers endless possibilities. Enjoying peaceful living just minutes to kailua's beach, shops, and dining. Tax record not updated with the new renovation.

743 Akumu Street, Kailua

$1,460,000

3 Beds ⋅ 2 Baths ⋅ 202614243 MLS ⋅ FS - Fee Simple Tenure ⋅ 67 DOM

100,000 price reduction! Motivated Seller! Bring your offer! This price improvement is the opportunity to own a home in Kailua! Move-in ready in desirable Enchanted lake. This refreshed three-bedroom, two-bath single -level home sits on a generous 7,500 square foot lot on a quiet street w/ minimal through traffic. Enjoy cooling Tradewinds, and a peaceful private retreat feeling. Inside, high beam ceilings, updated LED lighting, fresh interior paint, luxury waterproof laminate flooring, and mountain views from the living room create a bright, modern setting. The open kitchen features quartz countertops, a new sink and new stainless-steel appliances. A spacious permitted addition add flexible living space for a family room, media room, or office. Outdoors, the exterior is freshly painted. Large permitted covered lanai, fully fenced and landscaped yard, and fruit-bearing mango tree. This backyard is the ideal space for relaxing or hosting gatherings. Minutes to Kailua Beach and close to Kailua Town shops, groceries, restaurants, Windward schools, Castle Medical Center, Pali Highway and H-3, this home blends comfort, convenience, and fully embraces Windward Lifestyle. Don't miss out!

621 Palawiki Street, Kailua

$1,650,000

4 Beds ⋅ 3 Baths ⋅ 202613492 MLS ⋅ FS - Fee Simple Tenure ⋅ 82 DOM

Great value, located in one of Kailua's most desirable neighborhoods! No through traffic, and surrounded by Golf Course & Canal front homes. Spacious layout, with lots of potential to bring your creative touch to take it to the next level. This home features 4 bedrooms and 3 full bathes (one bedroom has separate entrance), enclosed garage, and lots of storage space. 25 owned PV panels with net metering to keep the electric bill down, and a beautiful tiled salt water pool to get you through heat of the summer! Side yard with garden beds, and an avocado & Pak Lan tree in the front yard. Don't miss this opportunity to get into this wonderful neighborhood!

559 Iana Street, Kailua

$1,495,000

4 Beds ⋅ 2 Baths ⋅ 202612259 MLS ⋅ FS - Fee Simple Tenure ⋅ 100 DOM

Enjoy the best of Kailua living in this beautifully updated 4-bedroom, 2-bath home, conveniently located just minutes from the heart of town. Renovated in 2021, the kitchen and bathrooms offer modern finishes, and a brand-new split AC system was recently installed for added comfort. The home's thoughtful layout features two bedrooms and one full bath on each side, providing flexibility for a variety of living arrangements. Three bedrooms feature sliding glass doors that create a seamless connection to the outdoor spaces and bring in abundant natural light. The open-concept kitchen, living, and dining areas serve as the heart of the home and flow directly to the backyard, where you'll find a sparkling pool that was replastered in recent years. Enjoy easy access to Kailua Beach, Marine Corps Base Hawaii (Kaneohe Bay), Whole Foods, Target, local boutiques, restaurants, and the many shopping, dining, and recreational opportunities that make Kailua such a sought-after destination.

633 Keolu Drive, Kailua

$1,350,000

3 Beds ⋅ 2 Baths ⋅ 202612018 MLS ⋅ FS - Fee Simple Tenure ⋅ 102 DOM

Diamond in the rough! Spacious single level home with over 1,700 sf of living area features lofty cathedral ceilings and gorgeous light filled spaces! Ideal floorplan is perfect for entertaining with open living, dining, living and a 200 sf covered lanai! Enclosed 2 car garage w/direct entry into home/laundry room! Split A/C, newer roof, completely walled/fenced low maintenance yard and maybe room for a boat? Already surveyed and tented! Sold as is. Must see!

590 Keolu Drive, 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.