5. 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The bar starts at $16 million and goes up from there. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. 13) in order to move a few miles down the coast to one of Kukios newer developments. See property outline below. Brokerage. 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. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. This estate is located on over 237 acres on Kauais North Shore. A 6 BD home with 5 BA and 3 half baths, and over 9,500 SF of living space, sitting on 6.41 acres. Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. 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. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. The Keahou has five bedrooms and four full baths in resort-style, perfect for entertaining family and friends. At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilaueaestate situated atop a seaside bluff on the north side of the island of Kauai. Housing costs, defined as a blend of the average rent and average mortgage payment, are $21,264 per year in Maui County compared to $23,334 on average in Hawaii. Kailua, The house known as Peace Harbor on West Lake Okoboji has no equal in the area. Kauai, alternatively known as the Garden Isle, is geologically the oldest of the chain of main Hawaiian islands. The county in Hawaii with the lowest cost of living is Maui County. 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. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef's kitchen, office and bedroom suite. Music City's population and property values are going up, up, up. 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. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. 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. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. Hawaii as a whole runs about 75% more expensive that the U.S. standard. 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. With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. Owner William Kevin ONeil got his moneys worth, though; Oneloa Beach is one of Mauis nicest white sand beaches. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. This huge, 5-acre estate is the farthest north of all our Kona Coast propertiesits on the edge of the Mauna Kea Resort, next door to the old Lurline Roth estate. 1995-2016 Honolulu Board of REALTORS. You might spend more on housing, but you have more money overall to play with. Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. Becky Bracken covers celebrity and other notable real estate for Realtor.com. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. 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. Luxury, 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. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. This Wailea property, known as sandy surf, isnt used as a full-time residence. 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. Photo: 360 Property Photos. 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. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. Antilia | Mumbai, India. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. For starters, they are the most expensive to purchase. The six-bedroom main house was built in 2001. 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 six-bedroom main house was built in 2001. What is the cheapest housing market in Hawaii? If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. Those who call Hawaii home . ", "acceptedAnswer": { "@type": "Answer", "text": "
In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! 4508 Makena Rd, Kihei, HI. Reality-TV star Kendra Wilkinson takes the plunge into the hyper-competitive LA real-estate world in the six-part limited series, Kendra Sells Hollywood streaming on discovery+ and with a special preview airing on HGTV. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space. Mountain View, Population: 7,236. There is plenty of land to add outdoor sports courts or additional buildings. 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.) Waimanalo, Hawaii, is located on the windward side of the island of Oahu. The property is a three-bedroom, two-baths house sitting on one acre. We consulted Hawaiis census data for 2022. How Much Is Car Insurance in Virginia in 2023? This year has proven to be quite the year for sports cars. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Take a half-hour drive through the middle of the island and youll arrive at Honolulu, the states capital and its biggest city. (Although when we flew over the property, the pond was all but empty. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. 4747 Kahala Ave (Kahala) - $15.2M. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. 23). The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. There might be some that surprise you. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. Shes contributed to Wirecutter, Groupon, Texas Monthly, and other publications. 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Homes in Waimea go for about $462,800, the eighth lowest in the state. There are multiple master suites, and many features accentuating the luxury of this property. See Also:What Is the State Flower of Hawaii? 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. Learn more. What Makes Diamond Head Special: Asking price: $29,500,000. Maintaining water features in arid Kona cant be easy.) The 60,000-square-foot property is . The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. The average living wage in Maui County is $103,095 . Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. Renting in Hawaii is much more expensive than most places on the mainland - and it all depends on location. Copyright 2023 House Grail. Kailua. 4. Kohala Coast, 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. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Who needs to swim in the ocean when youve got a pool this gargantuan? Talk about a sweet deal! Housing costs, defined as a blend of the average rent and average mortgage payment, are $21,264 per year in Maui County compared to $23,334 on average in Hawaii. 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. The place remains impressive, though. Naturally, theres an infinity pool with hot tub. 4200 Anini Vista Dr Unit D, Kilauea, HI. 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. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. Privacy Policy. The Kahala area does offer some of Oahus choicest property, and this three-parcel lot looks like a prime development opportunity. 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. So without any dues let's check out the most expensive homes in Hawaii. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. ", "acceptedAnswer": { "@type": "Answer", "text": " Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. This property is right on the beach. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. #luxuryhometour #ma. Copyright 2023 MLS Hawaii, Inc. All rights reserved. Japanese corporation Mint Yugen Gaisha picked this one up for $29 million in 2006, making it one of Hawaiis largest residential sales of the past decade. Required fields are marked *. To be honest, many of our most affordable Hawaii places are on also on our best places to live in the Paradise of the Pacific. With these high prices, it is hard for the people who have a bit less money to find a place to live. The 15.33-acre property comes . The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. The 15.33-acre property. Get product recommendations from HGTV editors, plus cant-miss sales and deals. 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. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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 . Oftentimes near the ocean or overlooking the ocean. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. 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 median home value in the community stands at $635,900. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. However, when you are a homeowner in Hawaii, it gets pretty expensive. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Like much of the rest of the island, it has a resort atmosphere. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. The owner is yet another investment banker: Paul Stephens, the chairman and a partner of Stephens Investment Management, and the co-founder and managing director of RS Investments, a San Francisco-based management group that manages more than $7 billion in assets. Since housing is so expensive, labor workers need to make a certain amount of money just to survive. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. Theres even a small farm on one corner of the lot, which grows palm, citrus, and coconut trees. 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 Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. The interior is just amazing and wonderful. For Sale, The cheapest housing market in Hawaii is Hickam Housing. Check with the applicable school district prior to making a decision based on these boundaries. You can download the data here. The average home value in Hickam Housing is $0, the lowest in the state. We also looked at cost of living, affordable housing, and safety. This house is the most famous building by the award-winning architect Peter Vincent. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. 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. For both sets of people and everyone in between, Hilo has the second cheapest homes for sale in Hawaii, with a median price tag of $341,500. Generally, the lowest housing costs are on the Big Island, which is considered the cheapest Hawaiian island to live on. 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 The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). 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. Hilo, HI: 4 Read on to see which cities made the list. Some of the most luxurious and breathtaking homes in the world are in Hawaii. Out of thetop 10 most expensive homes in the state that are currently on the MLS market, 5 are located on Kauai. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) 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. However, these views come at a cost and drive the prices of properties in those areas sky high. 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. Don't miss HGTV in your favorite social media feeds. These houses are not only magnificent but also worth living in. These pricey properties are not high-rise condo time shares. Oceanfront, Ocean View, 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. Used under license. Rocky A/Flickr. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Hawaii has the lowest cost of living? 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. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. This information is believed to be accurate. It would be hard to find a more spectacular location for a dream home. The resort is also close to a world-class shopping center. Below are the top 10 most expensive homes currently for sale in Hawaii: Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. 4. 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. As the founder of House Grail, Pete's primary goal is to help consumers make educated decisions about DIY projects at home, in the garage, and in the garden. And the median monthly rent is an affordable $1,069. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. 10 homes on this list, only 2 have over 10 acres of land included in the community at! 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