Enchanted Lake Hawaii Real Estate & Living Guide 2026

We're Your Oahu Home Team at eXp Realty, and Enchanted Lake is one of those Kailua neighborhoods we genuinely love showing buyers. Tucked between the Ko'olau Mountains and Kailua Bay, this established windward community is built around an actual lake — a rare feature on Oahu — with canals that connect all the way to Kailua Beach. We know Kailua well, and Enchanted Lake stands out for its quiet streets, large lots, and proximity to everything that makes the windward side so special.

If you're thinking about buying or selling in Enchanted Lake, we'd love to help. Call or text us at (808) 670-1548 or email info@kahomegroup.com.

Why Enchanted Lake Is One of Oahu's Most Popular Communities

Enchanted Lake is a well-established residential neighborhood in Kailua, located on the windward (east) side of Oahu in the 96734 zip code. The neighborhood was developed primarily in the 1950s–1970s and is named for the freshwater lake at its center. Canals extend from the lake, allowing some homeowners direct water access — a truly unique feature you won't find in most Oahu neighborhoods.

The area sits at the base of the Ko'olau mountain range, offering dramatic ridgeline views from many properties. Keolu Drive is the main thoroughfare, connecting the neighborhood to Kailua town and the broader windward coast. Homes here tend to be single-family residences on generous lots, making it one of the most sought-after pockets within the already-desirable Kailua market.

Nearby Keolu Hills is an adjacent neighborhood sharing similar character — elevated terrain, established homes, and the same excellent access to Kailua's beaches, parks, and town center. We cover both areas and treat them as a natural pairing when helping buyers explore this part of the windward side.

Enchanted Lake Neighborhoods

Enchanted Lake Core

The heart of the neighborhood surrounds the lake itself, with streets like Kahili, Hamakua, and Papalani running through the established residential blocks. Many homes here are original mid-century builds that have been renovated or expanded over the decades. Lot sizes tend to be generous, and some properties have canal frontage with private dock access.

Keolu Hills

Keolu Hills sits just mauka (uphill) of Enchanted Lake along Keolu Drive. Homes here often enjoy elevated views of the mountains, valley, and in some cases, distant ocean glimpses. The neighborhood has a quieter, more private character and tends to attract buyers looking for a little extra space and separation from Kailua's busier corridors.

Kukilakila

Kukilakila is a newer lakeside community within the Enchanted Lake area, developed as a planned residential community on the water's edge. It features resort-style amenities including a heated pool, BBQ areas, a boat dock for lake and canal access, and community green space. It's one of the few Oahu communities where you can kayak or paddleboard from your building directly to Kailua Beach.

Hamakua Corridor

Along Hamakua Drive, buyers will find a mix of larger single-family homes, some multi-generational layouts, and properties with flexible floor plans. This corridor connects Enchanted Lake to Kailua town, making it a convenient location for those who want quick access to shops, restaurants, and the beach while still enjoying the spaciousness of the Enchanted Lake neighborhood. Explore nearby Kailua real estate for the broader windward market.

Enchanted Lake Home Prices and Market Trends (2026)

Enchanted Lake is firmly in the upper tier of Oahu's residential market, reflecting the premium placed on Kailua real estate overall. Based on recent MLS activity, here are approximate price ranges (verify current pricing with us — the market moves quickly):

  • Single-family homes: Approximately $1,500,000–$2,500,000+, depending on size, condition, lot size, and water/canal access
  • Canal-front or lake-adjacent homes: Can exceed $2,500,000 for premium lots with direct water access
  • Multi-generational layouts: Common in this neighborhood; renovated or newly built multi-unit floor plans often list at $1,800,000–$2,300,000+
  • Keolu Hills single-family: Generally $1,500,000–$2,200,000 depending on views and lot characteristics

Enchanted Lake inventory tends to be limited — there are rarely more than 10–15 active listings at a time. With limited supply, well-prepared and well-priced homes often see steady buyer interest, though specific outcomes vary by home, price point, and timing. Search current Enchanted Lake homes for sale or contact us for off-market opportunities.

Schools in Enchanted Lake

Enchanted Lake is served by the following Hawaii Department of Education public schools:

  • Enchanted Lake Elementary School — Located on Keolu Drive, serving grades PreK–6, directly adjacent to Enchanted Lake Community Park
  • Kailua Middle School — Serves grades 6–8 for the Kailua complex
  • Kailua High School — The public high school serving the Kailua area

Private school options accessible from Enchanted Lake include Le Jardin Academy (Kailua), Punahou School (Honolulu), and Kamehameha Schools. For current boundary maps, enrollment information, and school performance data, visit the Hawaii Department of Education website. Read our complete Enchanted Lake Schools Guide 2026 for detailed information.

Living in Enchanted Lake: What to Expect

Parks, Recreation, and Community Life

Enchanted Lake Community Park is the neighborhood's recreational anchor — a large, open park at the base of the Ko'olaus with baseball fields, basketball courts, a playground, bike paths, a pavilion, and shade from massive monkeypod trees. The Department of Parks and Recreation offers after-school programs there throughout the year. The lake and canal system offers a truly one-of-a-kind lifestyle: some residents kayak, paddleboard, or take small boats directly from their properties out to Kailua Bay and Kailua Beach. Read our Enchanted Lake Parks & Recreation Guide for more.

Commuting from Enchanted Lake

Enchanted Lake is located on the windward side of Oahu, which means most commutes to Honolulu involve the Pali Highway (HI-61) or the Likelike Highway (HI-63). Morning commute times to downtown Honolulu typically run 30–50 minutes depending on traffic. Kailua town itself is just a few minutes away by car, offering grocery stores, restaurants, and services without needing to cross the mountains. Read our Enchanted Lake Commute Guide for route options and timing.

Shopping and Dining

Kailua town — just minutes from Enchanted Lake — is one of Oahu's most beloved local shopping and dining destinations. You'll find Whole Foods, Times Supermarket, boutique shops, farm-to-table restaurants, coffee shops, and locally owned businesses along Kailua Road and surrounding streets. For larger retail needs, Kaneohe's Windward Mall is about 15–20 minutes away. Read our Enchanted Lake Shopping & Dining Guide for local recommendations.

Property Taxes and Homeownership Costs

Hawaii property taxes are generally lower than mainland averages, but Oahu home values are high, so annual tax bills can still be significant. Owner-occupants may qualify for the homeowner exemption, which reduces assessed value for tax purposes. Windward-side properties may also carry additional costs related to canal or waterway maintenance for lakefront and canal-adjacent homes. Read our Enchanted Lake Property Tax Guide for current rates and exemption details.

Buying a Home in Enchanted Lake

  • Be ready to act on new listings. Enchanted Lake inventory tends to stay limited, and well-prepared, well-priced homes often see steady buyer interest soon after listing, though outcomes vary.
  • Prioritize pre-approval. In a competitive Kailua market, a fully underwritten pre-approval (not just a pre-qualification letter) strengthens your offer significantly.
  • Water access adds value — and complexity. Canal-front and lake-adjacent homes come with unique considerations around dock permits, water rights, and flood zone designations. We'll walk you through all of it.
  • Multi-generational layouts are common. Many Enchanted Lake homes have been modified to accommodate extended families — a major plus if you're looking for flexible living arrangements or rental income potential.
  • Understand the flood zone status. Some properties near the lake or canals fall in FEMA flood zones. This affects insurance requirements and costs — important to factor into your total ownership budget.
  • Know the Kailua complex. School assignments, neighborhood associations, and utility infrastructure vary within the area. We'll help you understand exactly what you're buying into.

Ready to start looking? Search Enchanted Lake homes for sale or contact us to schedule a personalized strategy session.

Selling a Home in Enchanted Lake

Enchanted Lake homes often draw interest from buyers attracted to the combination of Kailua's reputation, the neighborhood's lake-and-canal lifestyle, larger lot sizes, and Windward setting. Well-maintained homes and properties with water access or mountain views tend to stand out. Buyer response varies by listing, condition, and timing.

Pricing strategy matters in a low-inventory market. Overpricing can cause a listing to sit, while pricing in line with recent comps tends to produce more predictable results. We provide a thorough comparative market analysis for every Enchanted Lake seller we work with.

Curious what your Enchanted Lake home is worth? Get a free home valuation or call us at (808) 670-1548.

Is Enchanted Lake Right for You?

  • You want a windward Oahu address with large lots, established trees, and mountain views
  • You're looking for a neighborhood with a true community feel — walkable, low-traffic streets, and a well-used community park
  • Water access is on your wish list — whether kayaking to the beach or simply enjoying lake views from your backyard
  • You're comfortable with a windward commute to Honolulu and value the trade-off of more space and a quieter pace of life
  • You want proximity to one of Oahu's best beach towns — Kailua's shops, restaurants, and beaches are just minutes away

If you'd like to compare, explore nearby Kailua real estate, Kaneohe real estate, or the broader Windward Oahu real estate region hub.

Military and VA Buyers in Enchanted Lake

Enchanted Lake is one of the Kailua-area communities some VA buyers and PCS households compare when moving to Oahu, especially when they are looking at Marine Corps Base Hawaii Kaneohe Bay, Kailua, Kaneohe, Waimanalo, and other Windward Oahu options.

Buyers often consider Enchanted Lake because of its Kailua-area location, neighborhood feel, access to Kailua amenities, and proximity to Windward Oahu routes. It can be a practical fit for buyers who want Kailua-area living while still comparing commute, monthly payment, property condition, parking, HOA or maintenance fees, flood zone considerations if applicable, and long-term resale flexibility.

For VA buyers, the right Enchanted Lake home is not just about the purchase price. It is also about the full monthly payment, insurance, property condition, repairs, commute, parking, association fees if applicable, and how the home may fit your plans after a future PCS.

Comparing Enchanted Lake to Other Oahu Communities

Enchanted Lake is often compared with Kailua, Kaneohe, Waimanalo, Hawaii Kai, and other Windward or East Oahu communities because each area offers a different mix of location, commute, home style, amenities, and price point.

If you are still deciding where to focus your search, these guides can help:

Selling a Home in Enchanted Lake

Enchanted Lake sellers often benefit from marketing that speaks to multiple buyer groups, including local Oahu buyers, VA buyers, PCS households, Kailua-area buyers, Windward Oahu buyers, and buyers comparing Enchanted Lake with Kailua, Kaneohe, Waimanalo, and Hawaii Kai.

A strong Enchanted Lake listing strategy should highlight the specific neighborhood, property condition, upgrades, parking, lot features, views or water proximity if applicable, flood zone considerations if relevant, nearby amenities, commute considerations, and what makes the home stand out compared with similar homes in Enchanted Lake and nearby Kailua or Windward Oahu communities.

Your Oahu Home Team helps Enchanted Lake sellers position their home clearly so buyers understand not just the property, but the lifestyle and location tradeoffs.

Talk With Local Oahu Agents Who Know Enchanted Lake

We're Kristy and Austin Nakamura with Your Oahu Home Team at eXp Realty (License: RB-24579 & RS-87802). We're based in Mililani and know Oahu's neighborhoods — including the windward side — from the inside. Whether you're buying your first home in Enchanted Lake, upsizing to a canal-front property, or ready to sell, we're here to help with honest advice and local expertise.

Call or text: (808) 670-1548
Email: info@kahomegroup.com
Or visit our contact page to reach us directly.

RELATED GUIDES FROM YOUR OAHU HOME TEAM

All information is deemed reliable but not guaranteed. Property availability, pricing, school boundaries, and market conditions change frequently. Contact us directly for the most current listings and data.

Enchanted Lake Homes and Condos for Sale

802 Pahumele Place, Kailua
$3,550,000
5 Beds ⋅ 4 Baths ⋅ 202612388 MLS ⋅ FS - Fee Simple Tenure ⋅ 116 DOM
Set along the peaceful shoreline of a tranquil lake, this stunning five-bedroom, four-bathroom residence offers a lifestyle where every day starts and ends with views that feel like a getaway. From the moment you step inside, you'll appreciate the thoughtfully designed layout, where spacious living areas flow effortlessly together for both everyday comfort and entertaining. All rooms are very generous in size on the main level and upstairs you will find a spacious studio with a wrap-around lanai that creates endless possibilities. Outside, the magic continues - imagine spending sunny afternoons relaxing beside the sparkling pool, hosting unforgettable gatherings with the lake as your backdrop, or simply unwinding as gentle Hawaiian breezes ripple across the water. Perfectly positioned in an exceptional location, this is more than a beautiful home—it's a place where memories are made and every day feels just a little more extraordinary.

802 Pahumele Place, Kailua
1166 Akuila Place, Kailua
$2,250,000
3 Beds ⋅ 2 Baths ⋅ 202617425 MLS ⋅ FS - Fee Simple Tenure ⋅ 39 DOM
Modern Kailua living meets a peaceful natural setting in Enchanted Lake! This beautifully renovated 3-bedroom, 2-bath home features soaring ceilings and an open layout that feels bright, spacious, and inviting. Enjoy new appliances, luxury vinyl flooring, an interior washer and dryer, and split air conditioning in every room. The centerpiece is the expansive 336-square-foot deck overlooking the Enchanted Lake wetlands, an exceptional space for entertaining, outdoor dining, or relaxing while taking in the tranquil surroundings. Move-in ready and designed for effortless indoor-outdoor living.

1166 Akuila Place, Kailua
1439 Akuleana Place, Kailua
$2,188,000
6 Beds ⋅ 4 Baths ⋅ 202605300 MLS ⋅ FS - Fee Simple Tenure ⋅ 223 DOM
This legal multi-family property spans 10,716 sq ft and features two spacious detached homes on a quiet cul-de-sac, offering a perfect setup for multi-generational living or a savvy investment. Live in one, rent the other. The front home features luxury vinyl plank and tile flooring, with split AC units in the living room and primary bedroom. The back home is accessible via a private walkway and includes a usable lanai and a window AC. Both residences enjoy their own separate fenced yards and share a large swimming pool equipped with a removable Guardian Pool Fence, creating an ideal environment for entertaining. Designed for convenience and privacy, the homes feature separately metered electricity, and the water system is ready for sub-metering. Parking is plentiful, with a two-car garage, additional off-street parking for four cars, and ample street parking available. Located in a prime Kailua neighborhood, the property is just minutes from schools, parks, the Enchanted Lake Shopping Center, and downtown Kailua, with the beach only a short distance away.

1439 Akuleana Place, Kailua
823 Halula Place, Kailua
$2,099,000
4 Beds ⋅ 4 Baths ⋅ 202615042 MLS ⋅ FS - Fee Simple Tenure ⋅ 76 DOM
Tucked away at the end of one of the quietest cul-de-sacs in Enchanted Lake! This beautiful move-in ready home includes 4 bedrooms, 4 baths, and permitted addition with separate entry for rental income or guests! Inside, enjoy a spacious split floorplan with high ceilings, creating a bright and airy feel throughout. The home features Koa hardwood cabinets and flooring, travertine flooring, split AC units, large waterfall art piece made of slate and copper, brand new Kitchen Aid appliances and brand new solar hot water heater. Perfect for everyday living and entertaining. The permitted ohana unit can be separated into a 1-bedroom, 1-bath living area, ideal for extended family or guests. Step outside to a large private, lush backyard, perfect for relaxing or hosting while taking in the surrounding greenery. Fruit trees include: avocado, apple banana, dessert banana, papayas, Noni, and mango. Landscaping includes Hala, Areca palms, giant birds of paradise, plenty of open space for entertaining. A rare opportunity to own a move-in ready home at this size and price in Kailua. Owner is listing agent. See Virtual Tour: my.matterport.com/show/?m=SxJkbTX4upp&mls=1

823 Halula Place, Kailua
1127 Lauloa Street, Kailua
$2,050,000
4 Beds ⋅ 2 Baths ⋅ 202613001 MLS ⋅ FS - Fee Simple Tenure ⋅ 100 DOM
Gorgeous, rare and turnkey single-level home in the desirable Enchanted Lake neighborhood of Kailua. The open-concept floor plan is complemented by split A/C throughout, a new roof, and picturesque Ko'olau Mountain views. Designed to embrace Hawaii's indoor-outdoor lifestyle, the backyard serves as a seamless extension of the home, featuring a tiled swimming pool with a rooftop solar pool heating system, covered lanai, built-in BBQ, wood-fired pizza oven, and generous outdoor living areas, complemented by a Sonos outdoor sound system, creating the perfect setting for al fresco dining, poolside gatherings, or movie nights under the stars. Ideally located just minutes from Kailua Town, shopping, dining, parks, and Kailua's renowned beaches.

1127 Lauloa Street, Kailua
1188 Akuila Place, Kailua
$1,925,000
4 Beds ⋅ 2 Baths ⋅ 202615608 MLS ⋅ FS - Fee Simple Tenure ⋅ 61 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
743 Akumu Street, Kailua
$1,849,000
3 Beds ⋅ 3 Baths ⋅ 202614109 MLS ⋅ FS - Fee Simple Tenure ⋅ 83 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
1253 Nanawale Way, Kailua
$1,750,000
6 Beds ⋅ 4 Baths ⋅ 202619307 MLS ⋅ FS - Fee Simple Tenure ⋅ 11 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!

1253 Nanawale Way, Kailua
563 Alihi Place, Kailua
$1,645,000
3 Beds ⋅ 2 Baths ⋅ 202618852 MLS ⋅ FS - Fee Simple Tenure ⋅ 19 DOM
Meet your favorite morning spot: a sun-filled living room framed by distinctive trapezoid windows, where natural light pours in and beautiful mountain views set the tone for the day. Tucked at the end of a double-ended cul-de-sac, this gracious single-level home offers comfort, privacy, and easy living. The spacious lanai is perfect for morning coffee, weekend BBQs, entertaining, or unwinding with majestic Olomana as your backdrop. Pride of ownership shines throughout, with beautifully renovated bathrooms, new appliances, tasteful lighting, and thoughtful improvements that make this home truly move-in ready. Additional features include soft-close hardware added to existing kitchen cabinetry, new vinyl gates, new interior doors, an updated electrical panel, fresh interior paint (2023), and preventative ground termite treatment (2025). Enjoy indoor-outdoor living with beaches, parks, dining, and shopping just minutes away in Kailua Town. $10,000 Seller credit toward Buyer’s closing costs.

563 Alihi Place, Kailua
633 Keolu Drive, Kailua
$1,495,000
4 Beds ⋅ 2 Baths ⋅ 202612259 MLS ⋅ FS - Fee Simple Tenure ⋅ 122 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
621 Palawiki Street, Kailua
$1,460,000
3 Beds ⋅ 2 Baths ⋅ 202614243 MLS ⋅ FS - Fee Simple Tenure ⋅ 89 DOM
Rare Opportunity! $100,000 price improvement creates outstanding value for buyers in Kailua! Enjoy effortless island living in desirable Enchanted Lake. This refreshed single-level 3-bedroom, 2-bath home is nestled on a generous 7,500 square foot lot along a quiet street with 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
1139 Akipohe Street Unit 11D, Kailua
$840,000
3 Beds ⋅ 2 Baths ⋅ 202616275 MLS ⋅ FS - Fee Simple Tenure ⋅ 62 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
Start Your Search

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.

How much is your home worth?

Get instant property value now!