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Enchanted Lake Homes under $2 million

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Enchanted Lake Homes under $2 million

Welcome to Enchanted Lake, a picturesque neighborhood nestled in the heart of Kailua on the stunning island of Oahu, Hawaii. With its lush landscapes, serene waterways, and welcoming community, Enchanted Lake is a hidden gem that perfectly balances the beauty of tropical living with the convenience of modern amenities.

As you stroll through the tree-lined streets, you'll be captivated by the charming homes that embody the spirit of island life. Many of these residences are thoughtfully designed to blend seamlessly with the natural surroundings, offering a harmonious mix of comfort and style. Best of all, you can find beautiful homes in Enchanted Lake priced under $2 million, making it an accessible option for families and individuals looking to invest in their slice of paradise.

The neighborhood is renowned for its family-friendly atmosphere, with top-rated schools, parks, and recreational facilities just a stone's throw away. Residents enjoy a variety of outdoor activities, from kayaking in the tranquil waters of the lake to hiking the scenic trails of nearby mountains. The vibrant Kailua town center is also within reach, offering a delightful array of shops, cafes, and restaurants that showcase the local culture and cuisine.

Living in Enchanted Lake means embracing a lifestyle where relaxation and adventure coexist. Whether you’re sipping coffee on your lanai or exploring the nearby beaches, this enchanting community invites you to create lasting memories in a truly magical setting. Discover your dream home in Enchanted Lake today and experience the beauty of island living!

Newest Enchanted Lake Homes under $2 million

978-A Akipohe Place Unit 2A, Kailua image
978-A Akipohe Place Unit 2A, Kailua — Lakeview $845,000

Discover the comfort and convenience of Kailua living in this beautifully renovated 3-bed, 2-bath townhouse, ideal for a working professional or growing family. Fully ren...

  • 3 Beds
  • 2 Baths
  • 202617820 MLS
  • FS - Fee Simple Tenure
  • Lakeview Bldg.
  • 18 DOM
1253 Nanawale Way, Kailua image
1253 Nanawale Way, Kailua $1,799,000 ▼

$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 Wa...

  • 6 Beds
  • 4 Baths
  • 202617417 MLS
  • FS - Fee Simple Tenure
  • 25 DOM
1237 Akipohe Streets Unit 4C, Kailua image
1237 Akipohe Streets Unit 4C, Kailua — Lakeview $835,000

Lake views, privacy, VA Assumable with a 5.75% mortgage rate and a layout that feels different from the typical townhome. This 3-bedroom, 2-bath home in Lakeview Town...

  • 3 Beds
  • 2 Baths
  • 202616364 MLS
  • FS - Fee Simple Tenure
  • Lakeview Bldg.
  • 41 DOM
1188 Akuila Place, Kailua image
1188 Akuila Place, Kailua $1,925,000 ▼

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 mai...

  • 4 Beds
  • 2 Baths
  • 202615608 MLS
  • FS - Fee Simple Tenure
  • 42 DOM
1139 Akipohe Street Unit 11D, Kailua image
1139 Akipohe Street Unit 11D, Kailua — Lakeview $840,000

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 assig...

  • 3 Beds
  • 2 Baths
  • 202616275 MLS
  • FS - Fee Simple Tenure
  • Lakeview Bldg.
  • 43 DOM
743 Akumu Street, Kailua image
743 Akumu Street, Kailua $1,849,000 ▼

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 th...

  • 3 Beds
  • 3 Baths
  • 202614109 MLS
  • FS - Fee Simple Tenure
  • 64 DOM
621 Palawiki Street, Kailua image
621 Palawiki Street, Kailua $1,460,000 ▼

100,000 price reduction! Motivated Seller! Bring your offer! This price improvement is the opportunity to own a home in Kailua! Move-in ready in desirable Enchanted lake...

  • 3 Beds
  • 2 Baths
  • 202614243 MLS
  • FS - Fee Simple Tenure
  • 70 DOM
633 Keolu Drive, Kailua image
633 Keolu Drive, Kailua $1,495,000 ▼

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 kitch...

  • 4 Beds
  • 2 Baths
  • 202612259 MLS
  • FS - Fee Simple Tenure
  • 103 DOM
533 Iana Street, Kailua image
533 Iana Street, Kailua $1,825,000 ▼

Live on ONE LEVEL with a very private backyard oasis complete with Pool, Jacuzzi and covered Patio! Enjoy high open-beamed ceilings throughout the home. A quality kitch...

  • 3 Beds
  • 2 Baths
  • 202606901 MLS
  • FS - Fee Simple Tenure
  • 148 DOM
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Hawaii Realty International - A team of Compass
629 Kailua Rd #110
Kailua, HI 96734
License #RB-23206-4
808-381-2750

Copyright © 2026 Hawaii Realty International - A team of Compass. All Rights Reserved.

Hawaii Realty International is a team of real estate licensees affiliated with Compass, a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to error, omissions, change in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. 

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