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This is a stellar opportunity to own land in the historic and culturally rich area of Miloli'i. The pristine waters, abundant ocean life, and dry climate make for the perfect conditions for living near the ocean. This property is located near Makahiki Point in an area known as "The Flats." A name that becomes quite obvious when you look at the other properties in the subdivision that are located on the steep hillside going up towards the highway. This flat area makes building much easier and puts you at a 5-8 minute walk to the ocean access area which are DAR regulated waters. The Miloli‘i Community-Based Subsistence Fishing Area (CBSFA) includes the waters and submerged lands from the shoreline to the 100-fathom depth contour on the southwest coast of Hawai‘i Island, from Pa‘akai Point at Kīpāhoehoe in the north to Kaunā Point in the south and contains numerous sub-zones. These areas are subject to varying rules and regulations on what and how marine life is harvested to preserve these resources for future generations. This results in beautifully clear water with abundant marine life for you to see while snorkeling or kayaking. No staking by seller, to be sold As-Is. Property is subject to HELCO SSPP, buyer to confirm and is responsible for fees to connect. CC&R's and HOA information can be found at the Milolii Beach Club Association II's website.

Highlights

  • Land
  • $23/mo HOA
  • 15 days on Market


  • Lot Features
    Level, Cleared
  • View
    Ocean
  • Utilities
    Water Not Available
  • Water
    None

  • County
    Hawaii
  • City
    Captain Cook
  • Neighborhood
    MILOLII BEACH LOTS SUBDIVISION
  • Zip Code
    96704

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Frequently Asked Questions

How do I schedule a tour of Elima Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to Elima Ave.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about Elima Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $48,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Captain Cook, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for Elima Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for Elima Ave at around $297. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy Elima Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hawaii County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for Elima Ave?

In most cases, yes. Whether Elima Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Captain Cook's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on Elima Ave?

We can handle that for you. Our preferred local agent specializes in lands in Captain Cook and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

Elima Ave was listed on October 23, 2026, which means it's been on the market for 15 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What are the property taxes for Elima Ave?

The most recent public record shows annual property taxes for Elima Ave were approximately $437. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $23 paid monthly.

Is Elima Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Last Updated: November 07, 2026 at 06:26AM | Source: Hawaii Information Service | MLS#: 734500