Population: 21,541Rank Last Year: 18 (Up 12)Home Price To Income Ratio: 5.2x (7th most affordable)Income To Rent Ratio: 57.6x (35th cheapest)More On Kapolei: Real Estate|Cost Of Living. Kailua is home to one of Oahu's most stunning beaches, and, surprisingly enough, it is one of the cheapest places to live in Hawaii. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. Luxury properties in Hawaii stand head and shoulders above other homes. This year has proven to be quite the year for sports cars. 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. Kailua. All rights reserved. The community stands as the number 9 most affordable spot in Hawaii. ", "acceptedAnswer": { "@type": "Answer", "text": "
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. Data is deemed reliable but is not guaranteed accurate by the MLS. 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. 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. Hawaii is a magical place to live or visit, but if you're planning a move to these beautiful islands, there are a few things you should know. Here, the land definitely outweighs the house. Editors Note: We updated this article for 2022. HomeSnacks is reader-supported. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . That would be the cost of a mansion in most other parts of the country, but its about par for the region. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. California - $538,500. And they get these natural wonders on the cheap. The Kahala area does offer some of Oahus choicest property, and this three-parcel lot looks like a prime development opportunity. Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. 9 Bay Dr, Lahaina, HI. The median income of a Hawaii household is $83,173. Who needs to swim in the ocean when youve got a pool this gargantuan? The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. Charles Kip Thieriot, now retired, is a member of the prestigious family that founded and ran the San Francisco Chronicle, and was himself the president of Western Communications. 1 - 24 of 632 Results. 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. Built in the early 1900s, this plantation style home sits on world-famous Hanalei Bay. View More Data > With dark wood works, and modernized design, this is a one-of-a-kind residence that is steps away from the ocean. You can download the data here. What Makes Diamond Head Special: Please be nice. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. It is a modern Diamond Head four-bedroom home with a perfect view of stunning Hawaiian sunsets. . 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. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. Continue with Recommended Cookies. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. (There are no lots 2 and 3Dell combined three 1-acre parcels.) All rights reserved. Maintaining water features in arid Kona cant be easy.) Beaches, sun, and the pristine waters of the Pacific Ocean. The place remains impressive, though. 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. Other features include 50-foot-long glass windows, a practice green, a barbecue area and a state-of-the-art audiovisual system, says local architect Toshi Suzuki, who designed the mauka side of the property in 2000. It would be hard to find a more spectacular location for a dream home. ", "acceptedAnswer": { "@type": "Answer", "text": " If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. Hanalei, Most Expensive States. Can It Bounce Back? It also caters to your automobiles with six parking areas and a beautiful driveway. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. And the median monthly rent is an affordable $1,069. You might spend more on housing, but you have more money overall to play with. Take a look at 10 of the world's most expensive houses below. This Vladimir Ossipoff-designed home is best known as the long-time residence of socialite Clare Boothe Luce, wife of noted magazine publisher Henry R. Luce. #luxuryhometour #ma. Featured properties may or may not be listed by the office/agent presenting this brochure. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. The house known as Peace Harbor on West Lake Okoboji has no equal in the area. The cost of living in Hawaii is 20.0% higher than the US average. Hilo Hilo is the largest city on the Island of Hawaii. For Sale, There are many gorgeous listings available in this area, but one of the most expensive homes currently available is Mylestone at Meadow Lane, located in Southampton, New York. The sprawling mansion also includes a spa, tatami room and commercial-grade kitchen thats five times bigger than a lot of restaurants in town, says Yamamoto. Pete has been working in the trades since high school, where he first developed a passion for woodworking. The No. So without any dues let's check out the most expensive homes in Hawaii. 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Or in the state of Iowa, for that matter. 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. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. It is a quite good way to save some money. We assembled a similar list in 2005, limited to the City and County of Honolulu. At $12.8 million, it is the most expensive house for sale in the state . Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Bartz has a long tech pedigree: When she purchased the property in 2006, she was working as president and CEO of Autodesk, a design software company, and has also worked at Sun Microsystems and Digital Equipment Corp. [Click here for more information](/info/mls-disclaimers/#mls_726) Weisel has been described by the San Francisco Chronicle as the alpha male of Wall Street West with an uber-competitive streak. Its a drive that extends to athletic pursuits, as well. One note: We restricted this list to single parcels as defined by the county tax offices. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. This time, its not even the most expensive Kahala property. The median home value in the area sits at $392,800. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. 2023 Warner Bros. A salary of $150,000 in Honolulu, Hawaii could decrease to $138,810 in Kailua (Hawaii County), Hawaii (assumptions include Homeowner, no Child Care, and Taxes are not considered. Don't miss HGTV in your favorite social media feeds. It borrows greatly from 18th-century French architecture and mixes it with a pinch of modern Mediterranean buildings. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. Theres even a small farm on one corner of the lot, which grows palm, citrus, and coconut trees. And real estate developers have not disappointed in erecting building designs that define architectural eras to marvel and excite those few who are lucky to call these resorts home. Discovery, Inc. or its subsidiaries and affiliates. It has a plantation model with a stretching green lawn and palm trees. Iowa's typical house costs $183,418 and is 1,550 square feet. North Shore, Kauai. As the only place on this list with a median rent under $1,000/month, Wainae is a great place to try Hawaii out to see if its right for you. For starters, the median rent in Kapaa is $1,541, well below the statewide average. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. 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. By definition, that implies Hilo ranks as the #645 most expensive place in the Aloha State. 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. 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. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. We also looked at cost of living, affordable housing, and safety. Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. Over 7 acres of land, and 1,000 feet of ocean frontage, with a 7 BD/7.5 BA 10,000 SF home. This estate is located on over 237 acres on Kauais North Shore. We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days.The cheapest housing market in Hawaii is Hickam Housing. 4. . Naturally, theres an infinity pool with hot tub. The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. 4508 Makena Rd, Kihei, HI. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. Aloha Dear Friends, Im on a roll, second closing this month!! In fact, there are only six Oahu properties on the entire list. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. 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.
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Get product recommendations from HGTV editors, plus cant-miss sales and deals. 4747 Kahala Ave (Kahala) - $15.2M.
The cost of living in Hawaii is 20.0% higher than the US average. The new buyers could potentially add more homes, athletic courts, pools, or whatever else their imaginations may come up with in this tropical paradise. 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. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. Inside The MOST EXPENSIVE House in Hawaii, USA! The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. East Side, Yes, that Schwabfounder and chairman of the Charles Schwab Corp., and ranked by Forbes as the 50th richest person in the U.S., with a fortune totaling approximately $4.7 billion. Its lot 1A, the premier parcel in the private, luxury residential community of Kukio. 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. The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. Becky Bracken covers celebrity and other notable real estate for Realtor.com. The resort is a 3-story property featuring four and a half baths and has a wood shake roof. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). Oahu, This house looks out onto Kukios South Pond, and then onto the ocean. The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. 68-1793 Puu Nui St Waikoloajust sold for $912K located at , Yes, this is an adorable ocean view, fee simple, vacation rentable condo, fully furnished and ready to go for $229,000 , New Condo Development in Honolulu An exciting new condominium opportunity is now unfolding in the Moiliili neighborhood of urban Honolulu. 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. Kai Moena, "House of the Resting Sea," listed for $30 million, is the most expensive home currently available on O'ahu. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Covers celebrity and other notable real estate for Realtor.com its about par for region. Inside the most expensive house in Hawaii year has proven to be quite the year for sports cars because places. It with a 7 BD/7.5 BA 10,000 SF home time for mainlanders to consider a move, short-term... 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