Great location, especially if you're interested in getting away from Waikiki. We made a number of trips to Honolulu for various activities - an hour drive each way - not too bad. General pace (and speed limit) help to slow things down and encourage relaxation.
Conveniently located to nearby stores. One thing that's interesting to note is that there aren't many sit-down restaurants other than in Honolulu - mostly food trucks - still good though.
Beach equipment like chairs, boogie boards, etc. were very convenient, although you share with your neighboring renter.