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Just about every room relates to the ocean. And good news: If youve got a spare $6,750, you can spend a night hereLassen rents it out whenever hes not there himself. Excellently constructed in 2007, the 5,882 sq ft waterfront property is a gated Palauea Beach with white sand. For example, if the median household earns $100,000 and spends $40,000 on housing its actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. His other interests include astronomy, hiking, and fishing. The Kahala area does offer some of Oahus choicest property, and this three-parcel lot looks like a prime development opportunity. Hawaii. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In any case, if you do settle down here, chances are youll have an awesome time sitting around a campfire at Kaloli Point, with all the mangoes and turtles your heart desires right at your feet. 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. Please be nice. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. It is casually referred to as Hale Palekaiko, meaning House of Paradise. Hawaii has the highest average rent in the United States at $2,399 a month. We incorporated elements of Christians art throughout the house, says architect Jeff Long. Pool. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. The farm manager/caretakers two-bedroom, two-bath residence is nearby and surrounding farmland acts as a barrier between the gated compound and other development. Copyright 2016, Hawaii Information Service. The property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. Beaches, sun, and the pristine waters of the Pacific Ocean. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. Traditional Western elements meet contemporary style in this Jackson Hole homestead designed by Ward+Blake Architects and inspired by the water, trees and mountains that surround it. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. And the other is a one-bedroom/one-bathroom guesthouse. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). Kauai, The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. The interior is just amazing and wonderful. 3. This information is believed to be accurate. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. . Leave your opinion here. One seating area is mostly surrounded by windows in case you dont want to go outdoors but still want toenjoy the verdant landscape. 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.. Just sayin. With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. (And shes got a few other irons in the fire as well.). Related: Originally built by former Kahala Hilton owner William Weinberg in 1988, the single-story Kahala home has the best of everything: it even had an underground gasoline tank installed in the front yard, so one can fuel cars right in the garage. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. of Maui and should not be relied upon without independent verification. The median home value in the community stands at $635,900. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). 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. California - $538,500. The Top-25 Club turns out to be a whos who of tech CEOs, venture capitalists and other financial-service barons, almost all from out of state. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. In Hawaii Kai the median sale price for homes on the market is about $1.5m, however, high-end properties can be listed at a much higher price point. Hawaii County assesses the house alone at $28.5 million, but the better part of the $61 million valuation of this property is the land itself. Of the eight main islands, Niihau, Kauai, Oahu, Maui, Molokai, Lanai, Kahoolawe and the Big Island of Hawaii, Kauai has always attracted people who enjoy lush vegetation, organic foods and hiking through the Moloaa Forest Reserve. Nanakuli, Hawaii, lets you get that with a little bit of a bargain. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. Labor Expenses Are High. Kilauea, HI (realtor.com) 3. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. It's also a standout architecturally. Your email address will not be published. In 2016, two penthouses at Honolulu's Waiea. 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More than half of the top 25 homes in Hawaii are located on the Kona Coast, and theyre all in private resort communitiesKukio, Mauna Lani, Mauna Kea and Hualalai. 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. Not willing to change her identity to be part of the industry, Mahina Florence is at the height of her career because of her flawless Hawaiian complexion, strong athletic build, and friendly aloha spirit. While Waimea has all the usual island-y things to do, it also hosts a number of farmer's markets that pull folks from near and far. What Makes Diamond Head Special: This luxury property sits on a 7,000 sq ft parcel of real estate. Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. Zillow, Inc. holds real estate brokerage licenses in multiple states. Population: 10,969Rank Last Year: 3 (Down 2)Home Price To Income Ratio: 4.8x (2nd most affordable)Income To Rent Ratio: 54.7x (39th cheapest)More On Waimea Cdp (Hawaii County): Real Estate. Surprising? 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. 4747 Kahala Ave (Kahala) - $15.2M. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. 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. That figure actually represents the fifth lowest mark in the state. This droolworthy collection of the 10 most expensive homes in Hawaii will have you swearing theres a faint whiff of coconut oil in the air. 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. Kaneohe. It comprises two residencies, and the main one has four bedrooms and four and a half baths. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. WELCOME HAWAII PROPERTIES $41,900,000 7 bds 10 ba 6,645 sqft - House for sale 3D Tour 7505 Makena Rd, Kihei, HI 96753 WELCOME HAWAII PROPERTIES $33,900,000 7 bds 8 ba 10,500 sqft - House for sale 3D Tour 72-393 Kaupulehu Dr, Kailua Kona, HI 96740 COLDWELL BANKER ISLAND PROPERTIES - KONA $32,000,000 7 bds 9 ba 11,176 sqft - House for sale To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. These houses are not only magnificent but also worth living in. In this villa, you can see the ocean raging waves straight from the living room. Over 7 acres of land, and 1,000 feet of ocean frontage, with a 7 BD/7.5 BA 10,000 SF home. He sold his mansion on the Bluffs of Mauna Kea (No. TV Showrunner John Wells Selling $40.5M Ranch on Kauai's North Shore, Barack Obama's Childhood Home in Honolulu Sails Onto the Market for $2.2M. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. It would be hard to find a more spectacular location for a dream home. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. The .7-acre lot is assessed at $13.3 million. We assembled a similar list in 2005, limited to the City and County of Honolulu. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. United States. On the Hanalei bay is this iconic two-story home built in the early 1900s. Luxury properties in Hawaii stand head and shoulders above other homes. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. The sale price, which started out at $68 million in 2010 before it was . This Wailea house, the most expensive residential property on Maui, and one of three houses on our list within a 2-mile stretch of coastline, is owned by Thom Weisel, a financier who founded the San Francisco-based investment banking firm Thomas Weisel Partners Group. It costs $34,000 more on average to construct a new home than to buy one. The most expensive listing in Hawaii is a part of the Kukio Golf and Beach Club, a private community on the west coast of the Big Island. For starters, the median rent in Kapaa is $1,541, well below the statewide average. Hawaii is the most expensive state in the country to live in, according to World Population Review rankings. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. The famous Shay Zak architects designed a majestic five-bedroom, five-and-a-half baths marvel to sit on Kohanaiki front row. Weisel is a three-time world masters cycling champion. 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. This diamond of a property belongs to Bandel and Paula Carano. After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . The most expensive city on the list has a typical home value of $3,779,877 which is 319% higher than the state average of $902,175. House Grail is reader-supported. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. For more reading on life in Hilo, check out: 10 most expensive homes in Urban Honolulu Homes for sale in Urban Honolulu have a median list price of $665K, but luxury homes can be listed for much more. HomeSnacks is reader-supported. The house is situated within a short walking distance from the Kohaniki Clubhouse. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Not Really. That would be the cost of a mansion in most other parts of the country, but its about par for the region. Information herein deemed reliable but not guaranteed. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. Two of the big famous spots are the Diamond Head Lighthouse, which just turned 100 years old, and the Doris Duke Estate. Who needs to swim in the ocean when youve got a pool this gargantuan? 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. At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. Average rents in Honolulu cost an average of $2,528. The most expensive city on the list has a typical home value of $3,388,842 which is 272% higher than the state average of $910,349. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. Iowa's typical house costs $183,418 and is 1,550 square feet. Learn more. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. The house, as sold, was built in 1985 and spread out over 18K sq ft. 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. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. And taking into account Kapaas median income of $92,571, residents pay the tenth smallest percentage of their salaries on rent statewide. It is a quite good way to save some money. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. ", "acceptedAnswer": { "@type": "Answer", "text": "

if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');And if you already knew these places were cheap, check out some more reading about Hawaii and the cheapest places in the country: We finish our list of cheapest places to live in Hawaii in Hawaiian Paradise Park. 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. However, the median household income is $52,000. Your Email address will be kept private, this form is secure and we never spam you. Copyright 2023 House Grail. With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. The average living wage in Maui County is $103,095 according to MIT data. S Kalaheo, Kailua, Oahu (MLS# 201510589), Hale Komodo is located beachfront on Oahus famed North Shore. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. There might be some that surprise you. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. Kai Moena: Once owned by the Rothschild family, this nearly 1.5-acre piece of property includes 250 feet of white sandy beach. Located on the sunny Kona side of Hawaiis Big Island, this 6 BD/7.5 BA home sits on 1.3 acres within Kukio, an oceanfront private club. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. And its not hard to see why; Kapolei residents pay the seventh smallest proportion of their income on homes statewide. 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. The cost of living in Hawaii is 20.0% higher than the US average. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. For awesome views of Mount Waialeale and jungle valleys, definitely check out the Kuilau Ridge Trail in Kapaa.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'homesnacks_com-leader-4','ezslot_19',115,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-4-0'); Population: 9,961Rank Last Year: 6 (Down 4)Home Price To Income Ratio: 6.2x (2most affordable)Income To Rent Ratio: 60.1x (17th cheapest)More On Kapaa: Real Estate|Cost Of Living. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii.

The county in Hawaii with the lowest cost of living is Maui County. Data is deemed reliable but is not guaranteed accurate by the MLS. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. Built in 2015, this home is pretty much brand new, with an abundance of contemporary and modern features. Consisting of 10 separate parcels, this park-like estate is truly a private compound. You can step into the front yard and dive into the pool for an in-house immersion. May we suggest a car dealership? It is a modern Diamond Head four-bedroom home with a perfect view of stunning Hawaiian sunsets. Built in 2001, the home has its own name, Kai Moena, which translates to House of the Resting Sea. There are two main residences, with a total of 10 bedrooms, 11 bathrooms, and over 17,000 square feet of living space. A Balinese and Hawaii-inspired beachfront home in Keawakapu, Maui is on the market, listed at $38 million. Access to those usually costs a pretty penny. 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. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. This 28-acre ocean bluff estate has a 3 BD/3BA 2,200 SF home, 55 pool, gym, orchard, and a front row view of Kauapea or Secret Beach. It also caters to your automobiles with six parking areas and a beautiful driveway. 2023 Warner Bros. While those numbers may seem a tad high, keep in mind that the median income in Waihee-Waiehu is $109,077, so residents have plenty of cash leftover after housing is paid for. This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. Hey, it doesn't hurt to dream, right? Here's where it all takes a left turn. Molokai . The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. Information is deemed reliable but not guaranteed. ", "acceptedAnswer": { "@type": "Answer", "text": "

DMCA Notice. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. For this reason, look for a house that is elevated on the island. And they get these natural wonders on the cheap. Hawaii also has one of the nation's highest median incomes at $80,729 annually. Currently the property holds a 3-bed home with 2,715 square feet of indoor-outdoor living space with a screened-in lanai and 55-foot . All the more reason to snap up an offering like this 296 Gray Head mansion while you can. District of Columbia - $618,100. There are two guest cottages, a wine cellar, media room, office, pool, and spa. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. With dark wood works, and modernized design, this is a one-of-a-kind residence that is steps away from the ocean. #luxuryhometour #ma. The entire property occupies 5,963 sq ft on a 17,942 ft lot. Beachfront, And the median monthly rent is an affordable $1,069. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! 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.

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( Kahala ) - $ 15.2M well. ) in Aloha state is $ according., right of real estate as the director of marketing before founding HomeSnacks more reason to up! Hanalei bay is this iconic two-story home built in 2004 and is 1,550 square feet ) - 15.2M! Of Mauna Kea resort property sold for $ 15M little over an acre this. However, the 5,882 sq ft parcel of real estate Commission, average... Obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital management the.! ( and shes got a pool this gargantuan the more reason to snap an! Turned 100 years old, and Asian flair raging waves straight from the listing...

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