The cost of living in Hawaii is 20.0% higher than the US average. 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. Leave your opinion here. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. This ocean bluff estate is located on the North Shore of Kauai above Anini Beach. The current home on property is a little under 4,000 SF and was built in 1946 (and since renovated) and has 7 bedrooms and 4 baths. Waimea comes in as the fifth least expensive place in Hawaii. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. This luxurious property occupies just over one acre. 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 Hawaii, Anini, 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 . Antilia | Mumbai, India. The land is currently valued at $14.3 million. View More Data > 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. Privacy Policy. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. Below are the top 10 most expensive homes currently for sale in Hawaii: 10. This luxury property sits on a 7,000 sq ft parcel of real estate. How things have changed. Consisting of 10 separate parcels, this park-like estate is truly a private compound. Luxury, This house looks out onto Kukios South Pond, and then onto the ocean. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. 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. Population: 10,921Rank Last Year: 21 (Up 20)Home Price To Income Ratio: 4.0x (most affordable)Income To Rent Ratio: 68.3x (33rd cheapest)More On Hawaiian Paradise Park: Real Estate|Cost Of Living. 2023 Warner Bros. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. 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. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. Urban Honolulu, HI: 11 #2. Rocky A/Flickr. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. Hawaii Average House Price (Median Home Price) The value of an average median home is $860,000, making it the most expensive state. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. In one of the most anticipated series premieres in HGTVs new season lineup, home renovation star Alison Victoria heads to her home town of Chicago to restore vintage homes in the citys historic neighborhoods. The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. Copyright 2016, Hawaii Information Service. Surprising? 5. Here are the 10 states with the highest median home price: Hawaii - $636,400. 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. Hilo Hilo is the largest city on the Island of Hawaii. This year has proven to be quite the year for sports cars. Oftentimes near the ocean or overlooking the ocean. 5. The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. The six-bedroom main house was built in 2001. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. Honolulu. One such example is Kahala - world renowned as the 'Beverly Hills of Hawaii.' Right next door is Diamond Head - another luxurious neighborhood offering wide open streets and a family friendly community at the base of the Diamond Head crater. Your email address will not be published. Discovery, Inc. or its subsidiaries and affiliates. You can step into the front yard and dive into the pool for an in-house immersion. And the median monthly rent is an affordable $1,069. At $24 million, it's one of the more expensive homes in the area. 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 average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This house is extremely secure and is situated along a private street close to Kahala and Waikiki. 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.) 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. For sale: $14,950,000. 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. 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 property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. The average home value in Hickam Housing is $0, the lowest in the state. ft.). The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 9. The average living wage in Maui County is $103,095 according to MIT data. With these high prices, it is hard for the people who have a bit less money to find a place to live. That would be the cost of a mansion in most other parts of the country, but its about par for the region. If you wish to report an issue or seek an accommodation, please let us know. 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. The resort is a 3-story property featuring four and a half baths and has a wood shake roof. In fact, there are only six Oahu properties on the entire list. This Wailea property, known as sandy surf, isnt used as a full-time residence. And taking into account Kapaas median income of $92,571, residents pay the tenth smallest percentage of their salaries on rent statewide. 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. Most Expensive States. Kailua Kona, In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. . On the Hanalei bay is this iconic two-story home built in the early 1900s. Built in 2015, this home is pretty much brand new, with an abundance of contemporary and modern features. Kilauea, HI (realtor.com) 3. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved 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. Check with the applicable school district prior to making a decision based on these boundaries. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Now when referring to sales prices for homes that are being purchased as opposed to rented, there is a similar pattern of costs. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. These pricey properties are not high-rise condo time shares. 3 Beds. 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. Information herein deemed reliable but not guaranteed. The median income in the area comes in at an eye-popping $112,385. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. (Although when we flew over the property, the pond was all but empty. 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. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. One seating area is mostly surrounded by windows in case you dont want to go outdoors but still want toenjoy the verdant landscape. This is our ninth time ranking the. The two guest pavilionshaveking bedrooms, full bathrooms, andlanais. The six-bedroom main house was built in 2001. Here's where it all takes a left turn. Rank Last Year: 9 (Down 2) Home Price To Income Ratio: 8.1x (10th most expensive) Income To Rent Ratio: 42.4x (8th most expensive) More on Kahaluu-Keauhou: Real Estate | Data. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. 1,726 Sq. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. Zip codes are ranked by the Zillow Home Values . Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. It comes up for sale as a separate property down the road, also in Keawakapu sold for a . 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. Learn more. Hawaii has the highest average rent in the United States at $2,399 a month. If you do decide to settle down in Waianae, youre in luck, because it has the fourth cheapest homes in Hawaii. 2015-2023 Chasing Chains, LLC. 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. Meet the Next Generation at Sing Cheong Yuan Bakery and Other Shops, Wo Fat Building in Chinatown Is Becoming a Chic Boutique Hotel, Sprucing Up the Neighborhood Around Aala Park, Remington Redo to Turn Former College into Downtown Hotel, The Liljestrand House: Honolulu's Mid-Century Architectural Gem, Where to Find Mochi and Other Sweet Treats for Girls Day in Honolulu, Why I Love the New Hapa Kauais Tonkotsu Ramen, Photos: 2023 Best Dentists in Hawaii Reception, The Top 5 Whiskey Drinks to Order at ELEVEN, The HDS Tooth Fairy is Coming Back to Kakaako, A Locals Guide to an Oahu Road Trip: Wahiaw to Salt Lake, Spring Fashion Feature: Proud Hawaiian Model Mahina Florence Inspires Murals, 10 Local Ocean-Friendly Restaurants on Oahu to Try Now. 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. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. This is one of the few properties on our list that sold for less than its assessed value. 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. 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. Just sayin. Hey, it doesn't hurt to dream, right? Oahu, Population: 13,192Rank Last Year: 4 (Up 1)Home Price To Income Ratio: 5.8x (15th most affordable)Income To Rent Ratio: 62.8x (46th cheapest)More On Waianae: Real Estate|Cost Of Living. 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. 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. Villa Leopolda | Cote D'Azure, France. The median home value in the community stands at $635,900. 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. See Also:What Is the State Flower of Hawaii? Ifwhats there isnt quite enough, theres room on the property to keep on building. Excellently constructed in 2007, the 5,882 sq ft waterfront property is a gated Palauea Beach with white sand. Kailua, Now state leaders are ready to start opening back up to visitors. 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. Its owned by Helen and Charles Schwab. House Grail is reader-supported. 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. Information is deemed reliable but not guaranteed. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. When you buy via links on our site, we may earn an affiliate commission at no cost to you. 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. On the flip side, Waimea is less affordable for renters, so youre best off buying here. 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.". 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. In this villa, you can see the ocean raging waves straight from the living room. Its currently being used as a short-term rental and comes with access to Kaanapali Resort amenities. The distribution of these palatial properties is also illuminating. 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. The house is situated within a short walking distance from the Kohaniki Clubhouse.
"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? We aim to deliver bite-sized pieces of infotainment about where you live. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. Weisel is a three-time world masters cycling champion. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. Keep reading. 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. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. 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. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). Grassy greens, sunny yellows, sky blues this space from HGTV Magazine is a force of nature. This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. The median rent comes in at $1,552 per month. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. The county in Hawaii with the lowest cost of living is Maui County. Heres a look at the most expensive cities in Hawaii according to the data: Chris Kolmar has been in the real estate business for almost ten years now. Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. At $12.8 million, it is the most expensive house for sale in the state . 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. 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. 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. Finally, you will get a poolside bar alongside a spa and a four-car parking space. The interior is just amazing and wonderful. 3. Featured properties may or may not be listed by the office/agent presenting this brochure.
"}}]}. 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. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. of Maui and should not be relied upon without independent verification. 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. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. 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. 4. Think of it this way: This 17,408-square-foot interior is almost half an acre of house. 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. Maintaining water features in arid Kona cant be easy.) Big Island, All rights reserved. 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. The house known as Peace Harbor on West Lake Okoboji has no equal in the area. 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. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. 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. You wont need to save up your coconuts very long to buy a home in Hawaiian Paradise Park, because the median home price here is $307,400, the lowest in the state by a very wide margin. Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. 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. 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. Here are our top picks for Hawaii residents on a budget: 1. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. Living in Hawaii is so expensive that more . Zillow, Inc. holds real estate brokerage licenses in multiple states. Music City's population and property values are going up, up, up. In 2016, two penthouses at Honolulu's Waiea. 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.
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? 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. And if you dont find your favorite there, head to the bottom. 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. 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.. 10 separate parcels, this eye-popping estate is the retired founder of Temecula, California-based Professional Hospital.. A fully furnished Professional kitchen, and the bad Kahala and Waikiki there... The head of the Coast Guard for Hawaii residents on a 7,000 sq ft parcel of real brokers. 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