Kalama/Cnut Grov Homes with Fee Simple Land tenure

Welcome to the enchanting neighborhood of Kalama/Cnut Grov, nestled in the beautiful city of Kailua on the picturesque island of Oahu, Hawaii. Known for its stunning beaches and lush landscapes, this area is a hidden gem that offers a perfect blend of tranquility and vibrant community life.

Kalama/Cnut Grov is characterized by its charming, tree-lined streets and friendly atmosphere, making it an ideal place for families, retirees, and anyone looking to embrace the Hawaiian lifestyle. With a mix of traditional island homes and modern architectural designs, the neighborhood boasts a variety of properties that cater to diverse tastes and preferences. One of the standout features of this area is the availability of homes with Fee Simple land tenure, providing homeowners with full ownership of both the property and the land it sits on—an attractive option for those looking to invest in their slice of paradise.

Residents of Kalama/Cnut Grov enjoy easy access to the stunning Kailua Beach, known for its soft sands and crystal-clear waters, perfect for swimming, paddleboarding, and sunbathing. The nearby Lanikai Beach, frequently ranked among the best beaches in the world, is just a short drive away. The neighborhood is also close to vibrant local shops, delightful eateries, and lush parks, making it easy to enjoy the best of island living.

Whether you're seeking a peaceful retreat or an active lifestyle, Kalama/Cnut Grov offers the perfect backdrop for your Hawaiian dream. Come explore this idyllic community and discover why it’s one of Oahu’s best-kept secrets!

Newest Kalama/Cnut Grov Homes with Fee Simple Land tenure

$5,388,000

202510044 MLS ⋅ FS - Fee Simple Tenure ⋅ 513 DOM

PRICE REDUCTION! 5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.

54 Maluniu Avenue, 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.