He sold his mansion on the Bluffs of Mauna Kea (No. Chock-full of amenities, such as a huge kitchen, media room, pool, and spa, the home is built to serve both as a quiet, private retreat and a place to entertain family and friends. Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. A 6 BD home with 5 BA and 3 half baths, and over 9,500 SF of living space, sitting on 6.41 acres. The No. 5. Population: 13,192Rank Last Year: 4 (Up 1)Home Price To Income Ratio: 5.8x (15th most affordable)Income To Rent Ratio: 62.8x (46th cheapest)More On Waianae: Real Estate|Cost Of Living. 1 47-477 Waihee Pl $11,900,000 6 bd 4 ba 3,595 sqft Home for sale 47-477 Waihee Pl Kaneohe, Oahu Neighborhood: Kahaluu Town 2 53-841 Kamehameha Hwy $6,000,000 4 bd 3 ba 2,080 sqft Home for sale 53-841 Kamehameha Hwy Hauula, Oahu Neighborhood: Hauula 3 Although Kaneohe 's median home value of $627,500 is higher than the state average, its median household income - $81,907 - is well above the national average, making it an affordable option for many people. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. A five-bedroom home is already on the property, with a one-bedroom guest cottage, but it appears the sellers are targeting a buyer who dreams even bigger. Where are the most expensive houses in Hawaii? Population: 11,379Rank Last Year: 7 (No Change)Home Price To Income Ratio: 5.1x (4th most affordable)Income To Rent Ratio: 49.9x (52nd cheapest)More On Nanakuli: Real Estate|Cost Of Living. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef's kitchen, office and bedroom suite. For this reason, look for a house that is elevated on the island. The house known as Peace Harbor on West Lake Okoboji has no equal in the area. Not only is the lot 2.5 acres, there are 2.5 acres of conservation land in front, and another 3 acres of resort common area in back. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. That kept things simple, but meant overlooking a few fabulous estates that comprise multiple parcels, such as the 174-acre Tara Plantation on Kauai, which sold in 2009 for $28 million. All the more reason to snap up an offering like this 296 Gray Head mansion while you can. Buckingham Palace | London, UK. Please be nice. Built and owned by former co-chief executive of Morgan Stanley's operations in the Asia-Pacific region, William H. Strong, the 11,708-square-foot house is made up of Balinese-style pavilions on a bluff overlooking the Pacific Ocean and Kilauea Lighthouse. Average rents in Honolulu cost an average of $2,528. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. Palauea Beach: Newly constructed in West Maui, this contemporary four-bedroom beach house, which comes fully furnished, includes a lanai, high ceilings, and custom craftsmanship throughout. Overlooking Kauai's North Shore - and beyond - from its position above Secret Beach, this 28-acre, four-parcel estate awaits new owners to take its swankiness to the next level. This ocean bluff estate is located on the North Shore of Kauai above Anini Beach. She got a lot for her money; although you cant see it in the photo, the house is twice as long as it is wide. Brokerage. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. 4. It is a modern Diamond Head four-bedroom home with a perfect view of stunning Hawaiian sunsets. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. An example of data being processed may be a unique identifier stored in a cookie. The house, as sold, was built in 1985 and spread out over 18K sq ft. . Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. Kukio, This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. Alabama's Most Expensive Home Is a Secluded Golf Retreat for $7M, Your Special Island? In this villa, you can see the ocean raging waves straight from the living room. Owner William Kevin ONeil got his moneys worth, though; Oneloa Beach is one of Mauis nicest white sand beaches. You can step into the front yard and dive into the pool for an in-house immersion. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. Kapaa, HI: 6 #4. The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. The 9 Most Expensive Homes in Hawaii 1. The interior is just amazing and wonderful. When it comes to outrageous real estate, its all about the Big Island, where youll find nine of the 10 most expensive homes in Hawaii, all strung along the Kona Coast. Photo: 360 Property Photos. Hawaii, HI Luxury Homes For Sale 788 Luxury Homes & Mansions Available Tile Sort by Price (high to low) 30 4408 LAWAI RD, Koloa, HI 96756 3 Beds 4 Baths 2,786 Sqft 0.74 ac Lot Size Residential $30,000,000 USD View Details 22 123 Kailuana Loop, Kailua, HI 96734 8 Beds 11 Baths 11,545 Sqft Residential $29,420,000 USD View Details 15 Hilo. How Much Is Car Insurance in Virginia in 2023? 3 Beds. Join the party! Heres a look at the most expensive cities in Hawaii according to the data: Chris Kolmar has been in the real estate business for almost ten years now. All this paradise comes at a price, of course. Two of the big famous spots are the Diamond Head Lighthouse, which just turned 100 years old, and the Doris Duke Estate. Karen E Laine, Master Gardener and co-star of the HGTV hit series Good Bones, follows her true passion of renovating clients' outdoor spaces in the network's new special Good Bones: Better Yard. Homes, The median income in Kahaluu-Keauhou comes in at $79,742 and the median home value is $647,000 for 2023. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. The upper level has a 25-foot ceiling held by a curtain wall revealing the beautiful Waikiki beach line and dazzling city skyline at night. Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. Were pretty sure there isnt a bad place to put up a hut in Hawaii; but there are some places that are super expensive, so HomeSnacks thought that wed give you the ying to that yang and let you know the most affordable places in Hawaii for 2022. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. It has a plantation model with a stretching green lawn and palm trees. The median income of a Hawaii household is $83,173.
The 60,000-square-foot property is . He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. So, want to know where you can afford to splurge on the Big Kahuna Burger and still be able to cover your cost of living in Hawaii? The median home value in the area sits at $392,800. It comprises two residencies, and the main one has four bedrooms and four and a half baths. Kailua Kona, The dollar amount listed for each house is the countys most recent assessment of its value, for tax purposes. Its currently being used as a short-term rental and comes with access to Kaanapali Resort amenities. You can't put a price on these beach views. ft.). What To Know. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. Copyright 2016, Hawaii Information Service. We also looked at cost of living, affordable housing, and safety. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. The 15.33-acre property. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. The oceanfront property includes access to an 18-hole golf . He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. On the Hanalei bay is this iconic two-story home built in the early 1900s. Now state leaders are ready to start opening back up to visitors. As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. These houses are not only magnificent but also worth living in. Privacy Policy. Property ownershipis public information, but many of the billionaires and millionaires on our list have set up walls of privacy between themselves and the tax records. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . 3 spot even though it sits in the middle of acres of black lava rock in Kona; the luxury subdivision and golf course that will eventually surround it have yet to be built. Though we can't crown a #1 Most Expensive Neighborhood definitively, you're guaranteed it's in here, along with 10 more that tie for #2. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. 3. We knowthat sounds high. There is plenty of land to add outdoor sports courts or additional buildings. This house is the most famous building by the award-winning architect Peter Vincent. Related: Pete has been working in the trades since high school, where he first developed a passion for woodworking. Population: 5,599Rank Last Year: 11 (Up 3)Home Price To Income Ratio: 5.8x (16th most affordable)Income To Rent Ratio: 82.6x (32nd cheapest)More On Waimanalo: Real Estate|Cost Of Living. . This luxury resort sits in harmony with the precious Hawaii Loa Ridge. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. Hawaii. Hilo, HI: 4 Read on to see which cities made the list. Antilia | Mumbai, India. Nobody has this. The property is officially owned by Palekaiko Limited Partnership, the Montreal office of which is the same as the headquarters of Cirque du Soleil. Living in Hawaii is so expensive that more . The place remains impressive, though. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. Richard Rocker, the real estate agent who brokered the sale, says, I see a lot of fancy, expensive homes, and so many of them are just expensive. Diamond Head: This gorgeous Oahu property is located at the end of a private street and right next to Doris Dukes famed Shangri La estate. You might spend more on housing, but you have more money overall to play with. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. This exquisite piece of architecture was designed by James Cheng, while Tony Ingaro did the interior decorations justice by bringing out its elaborate fixtures and finishes. Japanese corporation Mint Yugen Gaisha picked this one up for $29 million in 2006, making it one of Hawaiis largest residential sales of the past decade. This sleek Kona abode belongs to Sandra Kurtzig, who Entrepreneur Magazine called the first lady of computers. Kurtzig founded ASK Computer Systems out of her apartment in 1972, selling inventory-tracking and business-information software, and turned her tiny startup into a heavy hitter with 91 offices in 15 countries. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. The bar starts at $16 million and goes up from there. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. 9 Bay Dr, Lahaina, HI Price: $37,500,000 Hawea Point: Spectacular and spanning 10 acres in West Maui, this. When you click through real estate links on our site, we earn an affiliate commission. . #luxuryhometour #ma. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. The property is a three-bedroom, two-baths house sitting on one acre. So we used that cost of living index in order to rank all of the 51 places in Hawaii that have more than 5,000 people. North Shore, Kauai. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) You get 8 acres of privacy in the middle of a resort. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. Update Privacy Preferences Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. First, lets put that statement into context. 13) in order to move a few miles down the coast to one of Kukios newer developments. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. Waimanalo, Hawaii, is located on the windward side of the island of Oahu. The community stands as the number 9 most affordable spot in Hawaii. Kauai's 15-acre Hale 'Ae Kai estate, with postcard views of the ocean and private steps down to Secret Beach, is currently the most expensive house for sale in the state of Hawaii at $70 million. Is it your dream to be right on the ocean? With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. There might be some that surprise you. Kahala prize: Just down the road from the eighth-ranked home, the listing describes this offering as the largest beachfront property on the islands most exclusive street.. Here, the land definitely outweighs the house. Perched on Kauai's North Shore in Kilauea above Kalihiwai Bay, you can see 180 degrees, Namahana Mountains to Kalihiwai Valley and the ocean beyond. According to MIT, the required living wage for a family of four with two working parents in Hawaii is $107,702 vs the national average for a family of four with two working parents of $89,744. Rank Last Year: 9 (Down 2) Home Price To Income Ratio: 8.1x (10th most expensive) Income To Rent Ratio: 42.4x (8th most expensive) More on Kahaluu-Keauhou: Real Estate | Data. The Keahou has five bedrooms and four full baths in resort-style, perfect for entertaining family and friends. This is one of the few properties on our list that sold for less than its assessed value. Keep reading. More importantly, if you choose to live in one of Hawaiis most affordable places, you will have plenty of extra money to do the fun things that Hawaii offers. It is on a 2,386 sq ft plot. Expanding the scope to all of Hawaii has raised the stakes considerably: While the top property in 2005 was assessed at $15.2 million, that number wouldnt even get you on the bottom rung of this years list. Population: 26,358Rank Last Year: 8 (Down 1)Home Price To Income Ratio: 5.3x (9th most affordable)Income To Rent Ratio: 57.2x (18th cheapest)More On Ewa Gentry: Real Estate|Cost Of Living. The true value in this property is the expansive amount of acreage included in purchase, which has rights to 3 additional homesites and a guest house. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. Built in 1996, the turnkey eight-bedroom estate features over 12,000 square feet of indoor and outdoor living spaces. Kauai, Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. The cost of living in Hawaii is 20.0% higher than the US average. NUMBER ONE 1118 Ala Moana Boulevard, GPH 36, Honolulu | MLS #:201612214 $36,000,000 5 bedrooms 5 full baths 1 half baths 10,076 sqft The biggest city to make this list and the third biggest city in Hawaii, Hilo ranks as the second cheapest place to live in the state. A short drive from some of the worlds most beautiful beaches and surrounded by high-quality golf courses, life in the community might seem beyond reach. The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. Moreover, the resort faces the Rees Jones golf course and has numerous walkways to the beach. 145 Kailuana Loop, Kailua, HI. The entire property occupies 5,963 sq ft on a 17,942 ft lot. Its one of the older houses on our list, built in 1992, but has kept its value admirably, with an assessment of $14.7 million. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Nearly every room includes a large picture window to take in the views, including vistas of Hawaiis classic turquoise surf, volcanic mountains, and the historic Kilauea lighthouse. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. 1995-2016 Honolulu Board of REALTORS. Data is deemed reliable but is not guaranteed accurate by the MLS. In most cases, the property details are also based on publicly available city and county data. Out of the 50 American states, Hawaii is the 8th smallest in size and the 11th least populated, but the 13th most DENSELY populated, with 1.4 . It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! DMCA Notice. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. And taking into account Kapaas median income of $92,571, residents pay the tenth smallest percentage of their salaries on rent statewide. Just two lots down from Michael Dells sprawling Kukio estate is another multi-structure compound, this one belonging to David L. Anderson, the managing director of Sutter Hill Ventures. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. Kea ( no, having the Ko Olina Lagoons in your backyard is a modern Diamond Head home! In harmony with the precious Hawaii Loa Ridge indoor and outdoor living spaces starts! You get a fairly small property ( averaging 1,309 sq 14 million pure! Golf Retreat for $ 7M, your principal Broker, or an Attorney passion. Price: $ 37,500,000 Hawea point: Spectacular and spanning 10 acres of privacy in trades. 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