Evergreen Terrace — VA-Approved Townhomes on Waikalani Drive in Mililani
Evergreen Terrace holds a special position in the Mililani real estate market for one critical reason: it is VA approved (accepted without conditions). For military families stationed at Schofield Barracks or Wheeler Army Airfield, this single detail puts Evergreen Terrace on a very short list of townhome communities where you can use your VA loan benefit. Located at 95-270 Waikalani Drive in the Waipio Acres / Waikalani Woodlands area, this 130-unit community sits on nearly 15 acres of landscaped grounds at the end of a quiet dead-end street, offering a tucked-away feeling that belies its proximity to the H-2 freeway.
Built in 1992 across three low-rise buildings, Evergreen Terrace features split-level townhomes with two- and three-bedroom floor plans. The units are spacious by Mililani townhome standards, with the two-bedroom units at 934 square feet and the three-bedroom units at 1,289 square feet. The three-story buildings are organized so that ground-level and upper-level units each have their own character — ground floor units offer easy access while upper units tend to get better natural light and views of the surrounding greenery.
Living in Evergreen Terrace — The Day-to-Day
The Waikalani Drive location places you in a quieter pocket of the broader Mililani area, just beneath the H-2 freeway. Despite the proximity, residents report that the community is surprisingly quiet thanks to the dead-end street layout and mature landscaping that buffers road noise. The H-2 on-ramp is minutes away, which is a significant commute advantage for anyone heading to Pearl Harbor, Hickam, or downtown Honolulu.
For military families, the proximity to Schofield Barracks and Wheeler Army Airfield is a major draw — both installations are just a short drive up the highway. The community has historically been popular with both Army and Navy officers on temporary and long-term assignments, which contributes to a transient but well-maintained community dynamic.
Wheeler Elementary and Wheeler Middle School are the zoned schools for this area, with Mililani High School serving older students. The Town Center of Mililani and Mililani Shopping Center are a short drive away for groceries, dining, and everyday needs.
Important buyer notes: Evergreen Terrace has a no-pets policy, which is a dealbreaker for pet owners. The community is not FHA approved, so VA or conventional financing are the available paths. The 51% owner-occupancy rate is borderline for some loan programs, so working with a lender experienced in Hawaii VA transactions is recommended.
Evergreen Terrace Community Details
| Location | 95-270 Waikalani Drive, Mililani, HI 96789 |
| Year Built | 1992 |
| Number of Units | 130 |
| Buildings | 3 |
| Stories | 3 |
| Tenure | Fee Simple |
| Style | Mid-Rise Townhome |
| Pet Friendly | No |
| FHA Approved | No |
| VA Approved | Yes — Accepted Without Conditions |
| Maintenance Fee | $684 – $944/month |
| Owner Occupancy | 51% |
| Land Area | 14.99 acres |
Unit Types at Evergreen Terrace
- 2-Bedroom / 2-Bath — Approximately 934 sq ft, split-level layout with covered lanai
- 3-Bedroom / 2-Bath — Approximately 1,289 sq ft, split-level layout with additional living space
- 3-Bedroom / 3-Bath — Approximately 1,289 sq ft, upgraded bath configuration
Community Amenities
- Swimming pool on property
- Whirlpool / spa
- Clubhouse
- Recreation area
- BBQ areas
- Patio and deck areas
- Security guard
- Resident manager on site
- Storage facilities
- Guest parking
- Walking and biking trails
- Playground
Why Buy at Evergreen Terrace?
The VA approval is the headline feature. In a market where many Mililani townhome communities lack VA certification, Evergreen Terrace gives military buyers a viable path to homeownership using their earned benefit. The maintenance fees are on the higher side — ranging from $684 to $944 per month — but they cover an extensive amenity package including pool, spa, clubhouse, security guard, resident manager, and grounds maintenance across nearly 15 acres.
The split-level layouts provide good separation between living and sleeping areas, and the covered lanais overlooking green space are a welcome feature. Many units have been upgraded over the years with luxury vinyl flooring, stainless steel appliances, and window or split AC units.
For investors, the 51% owner-occupancy rate and steady rental demand from military personnel make Evergreen Terrace worth considering. The community’s reputation among military families means turnover is predictable and rental demand remains consistent.
Schools Nearby
- Wheeler Elementary School
- Wheeler Middle School
- Mililani High School