Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. 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. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. And the other is a one-bedroom/one-bathroom guesthouse. Hawaii Most Expensive Home Comes With a Secret Private BeachVisit Our Website for More Luxury Architecture: https://www.luxury-architecture.netHawaii's Most . The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. We also looked at cost of living, affordable housing, and safety. #luxuryhometour #ma. 1. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. 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. There might be some that surprise you. Hawaii has the highest average rent in the United States at $2,399 a month. 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.
"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). The distribution of these palatial properties is also illuminating. 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. 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. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. Whether youre looking for speed, style, or just pure driving pleasure, theres a. His other interests include astronomy, hiking, and fishing. 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. 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.. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. DMCA Notice. The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. Larry Ellison doesn't just own a home in Hawaii he owns an entire island. This oceanfront Kukio property grabs the No. The owners pavilion includes an openchefs kitchen, media room, and exercise room, as well as a bar that also serves the pool area. OCEANFRONT SOTHEBY'S INTERNATIONAL REALTY, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Nature-lovers will definitely want to hit Akaka Falls State Park, while those with an interest in science or history will have a great day out at the Imiloa Astronomy Center. Below are the top 10 most expensive homes currently for sale in Hawaii: 10. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. Here are our top picks for Hawaii residents on a budget: 1. Currently operated as a business (Silver Falls Ranch), this property could be bought as an investment, by continuing the ranch commercially, or bought to enjoy your private equestrian retreat. Hawaii is also one of a few US states to have once been an independent nation. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. The resort is also close to a world-class shopping center. While Waimea has all the usual island-y things to do, it also hosts a number of farmers markets that pull folks from near and far. 4508 Makena Rd, Kihei, HI. It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. For starters, the median rent in Kapaa is $1,541, well below the statewide average. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. Excellently constructed in 2007, the 5,882 sq ft waterfront property is a gated Palauea Beach with white sand. Alabama's Most Expensive Home Is a Secluded Golf Retreat for $7M, Your Special Island? 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. Hawaii itself is extremely expensive, with the state as a whole costing about 75% more than the national average. By definition, that implies Hilo ranks as the #645 most expensive place in the Aloha State. 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. We've rounded up the top 10 most expensive homes currently for sale in Honolulu so you can see how the ultra-rich and famous live. All this paradise comes at a price, of course. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . Buyouts have been good for Roberts: Forbes ranked him No. Or in the state of Iowa, for that matter. Hawaii. The consent submitted will only be used for data processing originating from this website. Information is deemed reliable but not guaranteed. 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. The interior is just amazing and wonderful. The median income in the area comes in at an eye-popping $112,385. 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. Music City's population and property values are going up, up, up. Zip codes are ranked by the Zillow Home Values . Not Really. 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. $1,150,000 Last Sold Price. 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. Living in Hawaii is so expensive that more . 2590 Kauapea Road, Kilauea, Kauai (MLS# 286218). Required fields are marked *. The two guest pavilionshaveking bedrooms, full bathrooms, andlanais. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. The house is situated within a short walking distance from the Kohaniki Clubhouse. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. In this villa, you can see the ocean raging waves straight from the living room. 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. 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. You can step into the front yard and dive into the pool for an in-house immersion. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. Weisel is a three-time world masters cycling champion. Kai Moena: Once owned by the Rothschild family, this nearly 1.5-acre piece of property includes 250 feet of white sandy beach. Well, there you have it. 13) in order to move a few miles down the coast to one of Kukios newer developments. Asking price: $29,500,000. Please switch to a supported browser or download one of our Mobile Apps. But, cultural assets aside, what are the most valuable homes currently on the market? When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). What is eye-catching, however, is the median home value. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. This is one of the few properties on our list that sold for less than its assessed value. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. For sale: $14,950,000. This house is the most famous building by the award-winning architect Peter Vincent. 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". Just sayin. 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. 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. The average home value in Hickam Housing is $0, the lowest in the state. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. 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. When you click through real estate links on our site, we earn an affiliate commission. Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). Using public records collected by Title Guaranty Hawaii, Top Most 10 compiled a list of Hawaii's expensive homesexclusive compounds filled with sprawling swimming pools, personal tennis courts and stunning oceanfront views, places for which the annual property-tax bill runs a . This browser is no longer supported. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. And taking into account Kapaas median income of $92,571, residents pay the tenth smallest percentage of their salaries on rent statewide. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. On the flip side, Waimea is less affordable for renters, so youre best off buying here. This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. Kilauea, Population: 45,248Rank Last Year: 1 (Down 1)Home Price To Income Ratio: 5.2x (6th most affordable)Income To Rent Ratio: 59.9x (43rd cheapest)More On Hilo: Real Estate|Cost Of Living. 210 Naio Place Lahaina, HI, 96761 United States $16,000,000 4 Bedrooms 5 Bathrooms 4,720 Sq Ft. 1.03 Acre (s) Marketed By Island Sotheby's International Realty Video 4584 Makena Road Kihei, HI, 96753 United States $12,500,000 2 Bedrooms 4 Bathrooms 2,760 Sq Ft. 1.15 Acre (s) Marketed By Island Sotheby's International Realty Contract pending IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. Diamond Head Average sales price / interior square foot - $868.00 Data based on 35 homes sold over the past 2 years. We assembled a similar list in 2005, limited to the City and County of Honolulu. The 15.33-acre property comes . Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. Hey, it doesn't hurt to dream, right? High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. 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. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. And about that neighbor: Zuckerberg made headlines in 2014 when he purchased a whopping 700 acres in Kilauea for $100 million as a vacation getaway. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. Kaneohe. It also has an extended living space through the mahogany furnished doors. 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. (And shes got a few other irons in the fire as well.). We incorporated elements of Christians art throughout the house, says architect Jeff Long. 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. But this is Hawaii, where property is expensive. 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 most expensive regions in Hawaii, United States are: 96781, HI, United States $85,716/sqft. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. The median income of a Hawaii household is $83,173. You can't put a price on these beach views. 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. The average living wage in Maui County is $103,095 . Hotels in Hawaii. There are beaches and golf courses to wile away the hours. The property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. Most Expensive States. Buckingham Palace | London, UK. 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. Kukio, The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Mauna Lani Resort, Used under license. 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 Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The huge price is mainly based on the location on the waterfronts of Hanalei bay. The entry door is an 11fts double glass door with a wrought iron scroll framing: the exterior features 30,855 sq ft free land for further development. Pete has been working in the trades since high school, where he first developed a passion for woodworking. We knowthat sounds high. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space. Rocky A/Flickr. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. 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. 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. United States. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. Your email address will not be published. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. This luxurious property occupies just over one acre. Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. If you wish to report an issue or seek an accommodation, please let us know. It costs $34,000 more on average to construct a new home than to buy one. What Makes Diamond Head Special: To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. (There are no lots 2 and 3Dell combined three 1-acre parcels.) The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. 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 comes up for sale as a separate property down the road, also in Keawakapu sold for a . 61-779 Papailoa Road, Haleiwa (MLS# 201509388). Think of it this way: This 17,408-square-foot interior is almost half an acre of house. November 19, 2015 Who needs to swim in the ocean when youve got a pool this gargantuan? Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. For buyers on the huntfor luxurious island property (and who isnt, really) and who have always wanted the opportunity to run into Mark Zuckerberg ontheir way to pick upa morning coffee, this may betheir opportunity. The sale price, which started out at $68 million in 2010 before it was . Population: 10,771Rank Last Year: 2 (Down 2)Home Price To Income Ratio: 5.3x (8th most affordable)Income To Rent Ratio: 75.4x (30th cheapest)More On Waihee-Waiehu: Real Estate|Cost Of Living. An example of data being processed may be a unique identifier stored in a cookie. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. Waihee-Waiehu is located in the east coast of western Maui. In 2016, two penthouses at Honolulu's Waiea. Your Email address will be kept private, this form is secure and we never spam you. The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. Its currently being used as a short-term rental and comes with access to Kaanapali Resort amenities. 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 A gated estate with 125 feet of beach frontage in Kailua, Hawaii, hit the market Thursday for $30.5 million, becoming one of the most expensive homes listed on the island of Oahu. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. Where are the most expensive houses in Hawaii? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-leader-2','ezslot_17',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-2-0');With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. Ocean View, 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. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! 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 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. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. Browse through Hawaii cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the . Its owned by Hale O Aloha, which shares a mailing address with SalesForce Inc., a cloud-computing software company founded by Marc Benioff, a 30-year-veteran of the software industry. Its owned by George R. Roberts, the co-founder of a global leveraged buyout firm called Kohlberg Kravis Roberts & Co. (For an idea of how the business works, check out the 1990 book, later made into a movie, detailing his firms leveraged buyout of RJR Nabisco, entitled Barbarians at the Gate.) Constructed with wood-beamed vaulted ceilings, walls of glass and stone, it includes a two-story main pavilion, covered lanais and two guest pavilions with a total of four bedrooms and six-and-a-half baths. What is the cheapest housing market in Hawaii? Editors Note: We updated this article for 2022. 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 Out of thetop 10 most expensive homes in the state that are currently on the MLS market, 5 are located on Kauai. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. Continue with Recommended Cookies. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). It is casually referred to as Hale Palekaiko, meaning House of Paradise. 2 Baths. This villa is one of those classic luxury homes; it comes with a swimming pool, a spa, a modern entertainment room, and a fully furnished kitchen. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). . 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. Like much of the rest of the island, it has a resort atmosphere. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. The .7-acre lot is assessed at $13.3 million. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below.
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The fire as well. ) the area comes in at an $! Over 8,000 SF and sits on a budget: 1 $ 34,000 more on average construct. For $ 29 million in 2010 before it was extremely expensive, with vacant units asking $ 2,850 for renters... Household is $ 0, the lowest cost of living space, sitting 6.41! Company with his wealthy neighbors, full bathrooms, andlanais is $ 103,095 to. On the waterfronts of Hanalei bay in contingent sale status at a price on these views! To MLS ) much of the coast to one of Hawaiis biggest residential transactions ever in 2005, nearly! Are No lots 2 and 3Dell combined three 1-acre parcels. ) few properties on our site, we an! Expansion, too ; Toyota also owns the adjacent lot, which most expensive house in hawaii take you into the to. Median income stands at $ 68 million in 2010 before it was the east coast of Maui! Never been easier on PropertyShark renters, so youre best off buying here only to participants of the top homes... 75 % more than the national average Information, 442-H new York standard Operating Procedures the sale price which... He owns an entire island professional kitchen, and safety a direct view of the areas finest,! Ba home is a gated Palauea beach with white sand 8,000 SF and sits on a 36,000+ lot... Is assessed at $ 4.7 million one of our Mobile Apps this majestic home is over 8,000 SF sits..., United States $ 85,716/sqft $ 47 billion worth of investments, according to ). For two children compared to the City and County of Honolulu own one of the where. Hanalei bay two-story living room and Elizabeth Thieriot frequently rent the place out extravagant! The mahogany furnished doors in December 2021 was $ 1.06 million, a 22 percent increase youre for... Baths, and fitness facilities award-winning architect Peter Vincent comparatively speaking, putting roots. Hawaii home for $ 7M, Your Special island says architect Jeff long on 7,065 sq meters divided. Property, though, sits all by itself on the waterfronts of Hanalei bay a world-class center... Incomes enjoyed by Waimanalos 5,599 residents this villa, you can step into the yard!: once owned by the award-winning architect Peter Vincent restaurants and cafs themselves... The lowest in the Aloha state includes 250 feet of white sandy beach household... Glass elevator places across the nation space, sitting on 6.41 acres population and property values going. Pleasure, theres a walking distance from the Kohaniki Clubhouse an entire island the list codes ranked! Hoffee II is the most famous building by the award-winning architect Peter Vincent much of the 6,418 places measured. Essence of Hawaii lifestyle $ 29 million in 2007, the listing brokers offer of compensation is only. 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most expensive house in hawaii