$2,400,000 Last Sold Price. Asking price: $29,500,000. 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. 68-1029 Pauoa Way, Kohala, Hawaii $18,950,000 Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. This estate is iconic, and has the old feel of open space and landscaping of plantation days. The median rent in the area comes in at $1,327 per month. The home is now owned by Houston-based Fayez Sarofim. Meanwhile, the pandemic has created a "seesaw effect" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas. It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. For this reason, look for a house that is elevated on the island. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. Brokerage. It's so expensive to live in Hawaii that the U.S. Department of Housing and Urban Development considers a family of four in Hawaii making under $93,000 a year to be "low income.". The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. Here are the 10 states with the highest median home price: Hawaii - $636,400.
The cheapest housing market in Hawaii is Hickam Housing. Oahu, The owners pavilion includes an openchefs kitchen, media room, and exercise room, as well as a bar that also serves the pool area. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. All rights reserved. Here's the list of America's 10 most expensive states to live in: #1 HAWAII 2022 Cost of Living Score: 1 out of 50 points (Top States Grade: F) Consumer Price Index (May, Honolulu Area): UP. You can't put a price on these beach views. 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 upper level has a 25-foot ceiling held by a curtain wall revealing the beautiful Waikiki beach line and dazzling city skyline at night. Oceanfront, As a result, the community ranks number 1.0 in the state in terms of its income-to-rent ratio.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-large-mobile-banner-2','ezslot_16',113,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0'); If you get tired of swimming, sun bathing, and hitting the links, you still have leisure-time options in Waimanalo. Mauna Lani Resort, The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. Take a half-hour drive through the middle of the island and youll arrive at Honolulu, the states 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. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Those who call Hawaii home . Nearby homes similar to 1133 Ikena Cir have recently sold between $1,150K to $2,400K at an average of $1,310 per square foot. 9. 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. Representative of the perfect tropical island, Kauai has attracted many film and television producers who have made more than 70 films there including Donovan's Reef, Blue Hawaii, Jurassic World, The Thorn Birds and the pilot and first episode of Gilligan's Island. And the other is a one-bedroom/one-bathroom guesthouse. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson.
The county in Hawaii with the lowest cost of living is Maui County. Since housing is so expensive, labor workers need to make a certain amount of money just to survive. 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. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. At $24 million, it's one of the more expensive homes in the area. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. The Diamond Head Villa features two outdoor BBQs, a spa, two sun decks, and a private pool. 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. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. 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. However, when you are a homeowner in Hawaii, it gets pretty expensive. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. 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. The Faye property is the largest piece of property currently for sale oceanfront, on Hanalei Bay at 2.01 acres. This property is right on the beach. Hanalei, The median income of a Hawaii household is $83,173.
Ownership at Kukio includes membership only golf on an 18-hole Tom Fazio championship golf course, two clubhouses with private member only dining, sports complex, and an indoor/outdoor spa. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. 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. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. 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. Copyright 2023 MLS Hawaii, Inc. All rights reserved. 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 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. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. The home has six bedrooms, over seven bathrooms, and nearly 9,000 square feet of space, which provides plenty of room to spread out across the lush, green grounds, which lead to a sparkling beach. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. 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. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilauea estate situated atop a seaside bluff on the north side of the island of Kauai.. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. Ifwhats there isnt quite enough, theres room on the property to keep on building. Naturally, theres an infinity pool with hot tub. Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). Hawaii as a whole runs about 75% more expensive that the U.S. standard. Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. It borrows greatly from 18th-century French architecture and mixes it with a pinch of modern Mediterranean buildings. Haleiwa, Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. 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. Kukio is a relatively recent development, an even more exclusive successor to the already spectacular Hualalai resort, next door, but it already figures prominently on this list. 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. The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. The cheapest housing market in Hawaii is Hickam Housing. Required fields are marked *. All rights reserved. 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. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. 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. We and our partners use cookies to Store and/or access information on a device. It's also a standout architecturally. See Also:What Is the State Flower of Hawaii? It comes up for sale as a separate property down the road, also in Keawakapu sold for a . Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. If youre looking at the cost of living numbers in Hawaii, this is an accurate list of the most affordable places to live in Hawaii for 2022. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. If you're planning on staying in hotels during your vacation, the answer to "how much is a Hawaii trip" is going to be: "expensive". Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. It had been remodeled as recently as 2004, when it was bought for that $15.2M in 2015. Not only is the home located near shopping, dining, and recreation of all sorts, the views are spectacular and offer a daily sunset over nearby Hanalei. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. 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 owner of this lavish Kona estate is, to our knowledge, the only one to have owned two of the houses on this list (even if it wasnt simultaneously). And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. 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. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. It would be hard to find a more spectacular location for a dream home. For starters, they are the most expensive to purchase. The 15.33-acre property comes . The huge price is mainly based on the location on the waterfronts of Hanalei bay. Becky Bracken covers celebrity and other notable real estate for Realtor.com. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. You can download the data here. 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. This 7 BD/8.5 BA home is over 8,000 SF and sits on a 36,000+ SF lot that is steps from the ocean. Wai Kala Ranch: This chunk of land on Kauais north shore, a total of 370 acres, is being sold by the Hollywood showrunner John Wells, the man behind such iconic shows as ER and The West Wing.. ", "acceptedAnswer": { "@type": "Answer", "text": " Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. All this paradise comes at a price, of course. 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. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. , sitting on 6.41 acres you are a homeowner in Hawaii is Hickam housing architecture and it... $ 636,400 17,850,000 Another stunning property, the states capital and its biggest city list of the mountain ranges mesmerizing... Hualalai, with a net worth of investments, according to Forbes, putting down roots in Gentry. Price on these beach views meters from the ocean and offers a 360-degree view of the and. 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