The Secret About Waterfront Property in Kailua, Oahu

Oceanside on Kailua Bay

Kailua, Hawaii is famous for the multi-million dollar beachfront areas of Lanikai and Kalaheo, but there is an affordable option for waterfront property in Kailua.  The Enchanted Lake neighborhood, along the Ka’elepulu waterway, offers waterfront homes with ocean access at a much lower price, so you too can live your “Hawaii Life”.

Mid Pac

The 5th Hole at MidPacific Country Club

Enchanted Lake: The Other Kind of Kailua Waterfront

Roughly 200 homes in Enchanted Lake offer canal or lakefront access.  Living here means you’ll be free to:

  • paddle your kayak or SUP to the beach instead of searching for a parking space
  • boat to dinner at Buzz’s Steak House
  • dodge the weekend beach traffic in Lanikai
  • watch the canoe paddling teams practice while lounging in your backyard
  • golf at nearby Mid Pacific Country Club



SUPs on the Ka’elepulu Canal

 Enchanted Lake Waterfront Homes For Sale

Currently, there are three lake or canal front properties for sale:

496 Iana St. (MLS# 201330063) is listed for $1,595,000 and is much larger than the typical Enchanted Lake home at over 3,600 sq.ft.

567 Keolu Dr. #C (MLS# 201327996), in the Kukilakila development, is a townhouse style unit listed for $759,000, at 1,380 sq.ft., with expansive views of the lake from the home.

575 Keolu Dr. #D (MLS# 201331237), also in the Kukilakila development, is listed for $729,000 for over 1,600 sq.ft., but this unit is on the street side and does not have views of the lake.

An Affordable Hawaii Life in Kailua

While it may not have salt water waves crashing against the shore, Enchanted Lake offers a more affordable option for ocean access and waterfront property in Kailua.  I live on a waterfront lot in Enchanted Lake, so contact me to find these “secret” waterfront properties.

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