realHNL
Market Intelligence
Mikiola — Kāneʻohe, Windward Oʻahu
Mikiola · Kāneʻohe · Honolulu 96744
The State of the Market
Recent Transaction Activity & Active Inventory · Compiled May 2026
Windward Oʻahu — steps from Kāneʻohe Bay water access
No HOA — fee simple ownership
Schools: Kaneohe / Puohala · King · Castle
At a Glance
3
Closed sales — past 6 months
$1.3M
Avg. closed sale price
100%
Avg. sale-to-list ratio
6
Avg. days on market (closed)
List price vs. closed price — recent sales
List Price
Sale Price
Closed Transactions
| Address | Config | List Price | Sale Price | DOM |
|---|---|---|---|---|
|
44-227 Mikiola Dr
|
2BD / 2BA |
$1,650,000
|
$1,600,000
97.0% of list
|
3 |
|
44-715 Alakai St
|
3BD / 2BA |
$1,195,000
|
$1,200,000
100.4% of list
|
8 |
|
44-774 Kaneohe Bay Dr
|
3BD / 1BA |
$1,050,000
|
$1,080,000
102.9% of list
|
7 |
44-227 Mikiola Dr
Sold
Closed
Feb 2026
Config
2BD / 2BA
List Price
$1,650,000
Sale Price
$1,600,000
97.0% of list
Days on Market
3
Highlights
Oceanfront · Probate sale
44-715 Alakai St
Over Asking
Closed
Apr 2026
Config
3BD / 2BA
List Price
$1,195,000
Sale Price
$1,200,000
100.4% of list
Days on Market
8
Highlights
Bay access · Owned PV
44-774 Kaneohe Bay Dr
Over Asking
Closed
Dec 2025
Config
3BD / 1BA
List Price
$1,050,000
Sale Price
$1,080,000
102.9% of list
Days on Market
7
Highlights
Bay views · Corner lot · Renovated 2025
Current Active Inventory — 1 Property
| Address | Config | Highlights | List Price | DOM |
|---|---|---|---|---|
|
44-114 Malulani Pl
|
3BD / 2BA | 2-story · Mountain & ocean views · 2-car garage · No HOA · FHA / VA eligible |
$1,688,000
|
33 |
44-114 Malulani Pl
Active
Config
3BD / 2BA
Days on Market
33
List Price
$1,688,000
Highlights
Mountain & ocean views · 2-car garage · FHA / VA eligible
Notable
Rare Waterfront Land Opportunity — 44-227 Mikiola Dr
This oceanfront parcel on Mikiola Drive sold in just 3 days, at $1,600,000. Listed as a probate sale requiring major renovation or teardown, this transaction reflects the underlying land value of direct Kaneohe Bay waterfront — a property type that rarely surfaces in this neighborhood. The street already features several high-end custom residences.
What the data shows
Mikiola is one of the fastest-moving markets on Windward Oʻahu — three closed sales averaged just 6 days on market, with the fastest going under contract in 3 days.
Two of three closed sales exceeded their list price, with one closing at 102.9% of ask. An average sale-to-list of 100.1% signals a true seller's market with active buyer competition.
The entry point for the neighborhood (sub-$1.1M) generated the strongest competitive response — the Kaneohe Bay Dr property received offers above asking within one week of listing.
With only one active listing and three recent sales, supply is severely constrained. Well-priced homes in this community are not staying on market long enough for casual buyers to act.
