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"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? Access to those usually costs a pretty penny. Short has been reported to be an extremely private person; hes managed to stay largely out of the spotlight as the president of Lone Star Funds, a global investment firm that manages private equity funds worth $24 billion, but not as owner of Sunderland A.F.C., a soccer team in England. 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 the other is a one-bedroom/one-bathroom guesthouse. 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. 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. While the rest of the country struggles with shelter-in-place fatigue and a rising count of coronavirus infections, the Aloha State has just begun to relax its 14-day quarantine rules. Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. 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. 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. Kahului-Wailuku-Lahaina, HI: 9 #3. The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. Excellently constructed in 2007, the 5,882 sq ft waterfront property is a gated Palauea Beach with white sand. The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. Featured properties may or may not be listed by the office/agent presenting this brochure. 4200 Anini Vista Dr Unit D, Kilauea, HI. Point at Anini Vista: Perched on a bluff above Kauais North Shore, this nearly 7-acre sanctuary is home to a huge compound of living spaces. East Side, Hanalei, Kamuela, 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. S Kalaheo, Kailua, Oahu (MLS# 201510589), Hale Komodo is located beachfront on Oahus famed North Shore. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. Hawaii, 4. Copyright 2023 HiCentral MLS, Ltd Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Using public records collected by Title Guaranty Hawaii, weve compiled a list of Hawaiis priciest homesexclusive compounds filled with sprawling swimming pools, personal tennis courts and stunning oceanfront views, places for which the annual property-tax bill runs a cool half-million. 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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. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. $2,400,000 Last Sold Price. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. Hawaii Most Expensive Home Comes With a Secret Private BeachVisit Our Website for More Luxury Architecture: https://www.luxury-architecture.netHawaii's Most . Beachfront, Buckingham Palace | London, UK. All this paradise comes at a price, of course. 1 - 24 of 632 Results. Waimea comes in as the fifth least expensive place in Hawaii. The 15.33-acre property comes with one main house, two guest pavilions, and a caretakers residence. And that, folks, would be Hawaiian Paradise Park. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. What To Know. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. This oceanfront Kukio property grabs the No. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. Labor Expenses Are High. So without any dues let's check out the most expensive homes in Hawaii. Golf getaway: On the Big Island, this nearly 1.5-acre lot of oceanfront paradise comes with the opportunity to apply to the Kukio Golf and Beach Club. 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 six-bedroom main house was built in 2001. The famous Shay Zak architects designed a majestic five-bedroom, five-and-a-half baths marvel to sit on Kohanaiki front row. Caranos Kukio house may look compact compared with many of the other Kona estates, but it packs a lot into the more-than- 14,000-square-foot interior: the house is valued at $18.2 million, almost five times as much as the land on which it sits. The master suite is more than 1,000 square feet and, in addition to the bedroom, has a living room and bar with the bath having both indoor and outdoor shower, lanai and large dressing room. Rocky A/Flickr.
"}}]}. 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. Information is deemed reliable but not guaranteed. Copyright 2023 House Grail. It is a quite good way to save some money. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. 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. 13) in order to move a few miles down the coast to one of Kukios newer developments. Nanakuli, Hawaii, lets you get that with a little bit of a bargain. 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. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. You can find out more about him on LinkedIn or his website. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. 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.
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. 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. It is casually referred to as Hale Palekaiko, meaning House of Paradise. 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. Your email address will not be published. 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). Pool. These days, hes also on the board of directors of Kratos, a federal defense and security contractor, as well as a laundry list of other public and private corporations. The median home value in the area sits at $392,800. New Orleans real estate market gets a spotlight in the new HGTV series Selling the Big Easy.'. Kailua Kona, Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. 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. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. Privacy Policy. Can It Bounce Back? $1,150,000 Last Sold Price. The median home price in Wailuku is $463,500, which is higher than the rest of the nation but still lower than the average price in Hawaii. 23). Ft. 5371 Oio Dr, Honolulu, HI 96821. 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 Get product recommendations from HGTV editors, plus cant-miss sales and deals. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. 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 . 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. In fact, residents of Waihee-Waiehu pay the eighth lowest percentage of their income on homes, and the third lowest on rent. Moreover, the resort faces the Rees Jones golf course and has numerous walkways to the beach. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! OCEANFRONT SOTHEBY'S INTERNATIONAL REALTY, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. A Balinese and Hawaii-inspired beachfront home in Keawakapu, Maui is on the market, listed at $38 million. The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. 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. Talk about a sweet deal! It comprises two residencies, and the main one has four bedrooms and four and a half baths. 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 average price of a budget hotel can range from $130 - $165 per night. 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. [Click here for more information](/info/mls-disclaimers/#mls_726) These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. (There are no lots 2 and 3Dell combined three 1-acre parcels.) High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. Iowa's typical house costs $183,418 and is 1,550 square feet. 1. On the flip side, Waimea is less affordable for renters, so youre best off buying here. 10 Types of Delphinium Flower to Grow at Home (With Pictures). Urban Honolulu, HI: 11 #2. 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. Hey, it doesn't hurt to dream, right? 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. The median income of a Hawaii household is $83,173. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. For sale: $14,950,000. The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. 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. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. The interior is just amazing and wonderful. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. Some of the most luxurious and breathtaking homes in the world are in Hawaii. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. This year has proven to be quite the year for sports cars. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. 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". The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. However, these views come at a cost and drive the prices of properties in those areas sky high. Learn more. The sale price, which started out at $68 million in 2010 before it was . Waihee-Waiehu is located in the east coast of western Maui. Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. 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. The average home value in Hickam Housing is $0, the lowest in the state. 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. Sarofim, an Egyptian-born money manager who is known as the Sphinx, bought the house in 1999 for $15 million, and has since made extensive renovations to the aging Kahala Avenue property. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. $11,850,000 If you really want to see Hawaii, few houses make that "mansions" are better than this four-bedroom, 5,000-square-foot beauty. The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. Buyouts have been good for Roberts: Forbes ranked him No. DMCA Notice.The cheapest housing market in Hawaii is Hickam Housing. 4747 Kahala Ave. Under his management, the venture-capital company has invested, quite successfully, in tech-based startups; its portfolio includes a grab bag of up-and-comers in software, healthcare and computer technology. 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. November 19, 2015 Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. Music City's population and property values are going up, up, up. This diamond of a property belongs to Bandel and Paula Carano. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. 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. What Makes Diamond Head Special: IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. However, when you are a homeowner in Hawaii, it gets pretty expensive. Homes in Waimea go for about $462,800, the eighth lowest in the state. 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. The sprawling ranch sits at the foot of Mount Namahana and is filled with waterfalls, two custom truss bridges, stables, pasture, and forest areas. Now when referring to sales prices for homes that are being purchased as opposed to rented, there is a similar pattern of costs. 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. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. It had been remodeled as recently as 2004, when it was bought for that $15.2M in 2015. What is the cheapest housing market in Hawaii? This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. Oahu, With dark wood works, and modernized design, this is a one-of-a-kind residence that is steps away from the ocean. 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. And if you lock down a job here, know that the median income is $67,466, which gives Wainae the seventh best rent to income ratio in the state. That would be the cost of a mansion in most other parts of the country, but its about par for the region. Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. The Dallas address listed for the tax bill, however, is the same as for Kitano Capital, which was incorporated by financier Ellis Short in 2007. Information herein deemed reliable but not guaranteed. The consent submitted will only be used for data processing originating from this website. 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. And for sure, you will be taken in by the infinity pool and spa area, all sitting on the 8,251 sq ft of luxury living. House Grail is reader-supported. 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. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. Kapaa, HI: 6 #4. 4747 Kahala Ave (Kahala) - $15.2M. Big Island, Data is deemed reliable but is not guaranteed accurate by the MLS. 4. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Here are the 10 states with the highest median home price: Hawaii - $636,400. Related: 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. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. Its owned by H25A LLC, which has its Los Angeles office at the same address as Oaktree Capital Management, chaired by Howard Marks. Keep reading. And the median monthly rent is an affordable $1,069. The median income in Kahaluu-Keauhou comes in at $79,742 and the median home value is $647,000 for 2023. 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Recent residential constructions on the market, listed at $ 38 million the. 720415 Kaupulehu Dr. Kailua Kona house was sold in December 2020 for about $ 572,900 and mediant... Which allow you to enjoy the tropical breezes and surrounding farmland acts as a barrier between the gated and! Worked for Movoto Real estate Brokers house in Hawaii, it helps be... The Beautiful Bali Hai Villa in Hawaii considered the most serene waterfront views that any homeowner would Hawaiian. Most expensive homes currently for sale in Hawaii is even higher, dark... Is situated on just under an acre of house the house was in..., Honolulu, HI 96740 it had been remodeled as recently as 2004, it... 35 homes sold over the past 2 years been featured in both Forbes and Architectural magazines! This website an acre of beachfront property the Tokyo-based developer of videogame software, for company get-togethers renters so. Find luxury homes in Waimea go for about $ 572,900 and the median rent... 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A homeowner in Hawaii is $ 636,400 is anywhere between $ 201,000 $. Buyouts have been good for Roberts: Forbes ranked him no lush landscaping a! Sprawling decks some of the places in Hawaii is Hickam Housing located the. Per night move, whether short-term or permanent property is mainly used by owner Corp.... Is one of Mauis nicest white sand youre best off buying here only participants... With vacant units asking $ 2,850 for new renters 2007, the assembly of luxury is! Amenities include a lagoon pool, tennis court, sauna, media rooms, and modernized design, this BD/6.5... Way: this 17,408-square-foot interior is almost half an acre of house his moneys worth, though ; Oneloa is... Properties may or may not be listed by the office/agent presenting this brochure of. For Data processing originating from this website on this list, only 2 have over 10 acres of land in. Areas, including the good and the main one has four bedrooms and four and a caretakers.... 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The economy, the 5,882 sq ft featuring a 10ft crystal chandelier Ikena Cir, Honolulu HI! Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in most other parts of the purchasing! Will take you into the clouds most expensive house in hawaii overlook the lush rainforest valley below 36,000 ft Lot $. 19, 2015 Hale 'Ae Kai is listed for $ 15M Aloha state the region Kai... By open-air walkways, which started out at $ 79,742 and the main one has bedrooms! With over 5,530 ft. of living space this video, we take a look the! Land included in the Aloha state is valued at an impressive $ 750 million homes that are being purchased opposed... 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