USLakeFront Lake survey & intelligence

$645,000

4373 Cove Rd, Kapaa, HI 50190

Sample listing
2
Bedrooms
2
Bathrooms
1,300
Square feet
150 ft
Shoreline
$4,300
Per shoreline ft

Architect-designed retreat on the main channel on Wailua Reservoir. Roughly 150 feet of owned shoreline on 0.48 acres, with 2 bedrooms across 1,300 square feet. Single-slip stationary. Water clarity on Wailua Reservoir averages around 6 feet and the lake is classified managed for water level. Dock and shoreline work fall under Hawaii DLNR. This is a sample listing used to demonstrate the platform.

Features

Dock power and waterLakeside deckPrivate dockTwo-slip dockWhole-house generatorOpen floor planScreened porch

Property facts

Property typeHouse Year built2006 Lot size0.48 acres DockSingle-slip stationary Water depth at dock7 ft ExposureEast-facing ViewSunrise Annual taxes$8,475 HOA$250/mo Short-term rentalPermitted Listed2026-08-05
$5,849
All-in monthly
$147,730
Cash to close
$18,225
Costs beyond the obvious

Up front

Down payment$129,000
Closing costs (est. 2.4%)$15,480
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$147,730

Every year

Principal & interest$40,781
Property taxes$8,475
Hazard insurance$2,709
Flood insurance$2,400
HOA / POA dues$3,000
Utilities$2,400
Maintenance reserve (1.1%)$7,095
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$900
Total$70,190
Adjust these assumptions →
$4,300
This home / shoreline ft
$3,216
Lake average
$496
Per square foot
Well above the lake average — this property prices at $4,300 per shoreline foot against a lake average near $3,216, a difference of 34%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year116 Gross revenue$70,629 Lodging tax−$7,769 Management−$12,572 Cleaning & supplies−$15,570 Net operating income$34,718 Against annual carry$-35,472
Model your own →
4.8
Lake score
D
Water grade
3 ft
Drawdown
Level stabilityManaged Typical clarity6 ft Dock authorityHawaii DLNR
Full Wailua Reservoir report →
Comparable

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