Punaluu (pronounced ) is a census-designated place and rural community in the Koolauloa District on the island of Oahu, City & County of Honolulu, Hawaii, United States. In Hawaiian, punaluu means "coral dived for", or in the case of the fishpond once located here, possibly "spring dived for". There is a very small commercial center located beside Punaluu Stream, and several condominium projects, including a high-rise building, located at Haleaha Beach and Kaluanui Beach. At the 2020 census, the CDP had a population of 1,374.

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