In fact, there are only six Oahu properties on the entire list. 6 bedrooms * 9 full and 2 half bathrooms * 11,938-sq.-ft. interior * 33,306-sq.-ft. lot. Just a month after we crowned a $27 million mansion as the state's most expensive home, a pricier lakefront mansion has splashed down on the market. The highest price on Oahu last year was $24 million for a beachfront house in Lanikai; another Lanikai home sold for nearly $11 million in January, marking the first $10 million-plus sale of 2022. Currently, there are three oceanfront homes in Kailua Kona for under $1 million. Artist Christian Riese Lassen is known for his paintings of vibrant oceanscapes and sparkling dolphins, and his Kapalua home is inspired by that Technicolor turquoise aesthetic. Were always looking forward to meeting with eager investors such as yourself and do our best to deliver top-quality service to our customers. The .7-acre lot is assessed at $13.3 million. 12203 Lucas Ln, Louisville. 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. Zillow, Inc. holds real estate brokerage licenses in multiple states. As of October 2018, I present the 10 most expensive residential homes for sale on Kauai. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Your email address will not be published. Much of HHFDCs work helps developers tap federal and state tax credits that finance housing for low-income households. The Maui Luxury Real Estate Team features beachfront properties all over the island that are uniquely designed and decorated to meet your high-end tastes. Listing price: $1,000,000 Square feet: 4,900 Price per square. 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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.) The most expensive single-family home currently for sale on Oahu sits on 2 acres of enviable oceanfront land fronting Kailua Bay in the Beachside neighborhood. Well, just check out this multi-million dollar property located in Kapalua. On top of its whopping $36 million-dollar price tag, buyers should be prepared to shell out $11,100 a month in maintenance fees. Its lot 1A, the premier parcel in the private, luxury residential community of Kukio. var js = d.createElement(s); js.id = id; More of those buyers are having to come to Oahu because theres no inventory on the Big Island, but we have the inventory, she says. For example, 52.89% of owner-occupied homes are valued at $1 million or more in San Jose, Calif., making it the only one of the nation's 50 largest metros where a majority of owner-occupied homes are worth at least $1 million. 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. TLDR: Property taxes paid on a million dollar home is a useless metric since a million dollar home in some jurisdictions (e.g. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. However, some of the biggest master-planned communities on Oahu are now in relatively early stages of producing hundreds of homes subject to the older, higher limit. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. It also has private stairs to the beach, gated entry, two oceanfront master suites with private lanais, a media room, spa and lush tropical landscaping. You get 8 acres of privacy in the middle of a resort. This sleek Kona abode belongs to Sandra Kurtzig, who Entrepreneur Magazine called the first lady of computers. Kurtzig founded ASK Computer Systems out of her apartment in 1972, selling inventory-tracking and business-information software, and turned her tiny startup into a heavy hitter with 91 offices in 15 countries. With Kanewai Spring on one side and Paiko Lagoon and wildlife sanctuary on the other, this home claims 700 feet of water frontage--the most on our list. Oceanfront Home +Vacation Rental Cottage, Former home of prominent architect, Elliott Rosenblum, 1,000-ft. driveway into your 4,395 sqft. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. Kapalua Beachfront Home for Sale. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. In most cases, the property details are also based on publicly available city and county data. 500 Ala Moana Blvd. This estate may cost $19.5 million, but that price includes two homes on one incredible property. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Brokerage. This browser is no longer supported. Million-dollar homes aren't common in most towns. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. 3215 Diamond Head Road, Honolulu|MLS #:201709585. Thank you! We incorporated elements of Christians art throughout the house, says architect Jeff Long. HUD's Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. Check your inbox for an email from brokersmls@locationshawaii.com. In 2015, only 14.4% of homes were valued at $1 million or more, compared to 44.4% in 2021. Brokers. The Bay is surrounded by what seems to be hand-chiseled emerald mountains, flowing white waterfalls, and a resort-free environment. Oahu Short Term Vacation Rental Condo List, 1118 Ala Moana Boulevard, GPH 36, Honolulu, 1118 Ala Moana Boulevard, GPH 35, Honolulu, Essential things to discuss when selling your home. It found million-dollar homes are most prevalent in California and Hawaii, where nearly 1 in 4 are in that price range. A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. Expanding the scope to all of Hawaii has raised the stakes considerably: While the top property in 2005 was assessed at $15.2 million, that number wouldnt even get you on the bottom rung of this years list. The land is currently valued at $14.3 million. Nationally, 2,300 residential properties across 30 markets closed for $10 million or more in 2021, more than double the transactions in 2020. The New York City metropolitan area where an apartment . It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for affordable housing in Honolulu under a state guideline. 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. Hawaii, HI Homes for Sale & Real Estate 2,859 Homes Available Tile Sort by 15 92-1414 KONA DR Lot : 8, Ocean View, HI 96737 1.002 ac Lot Size Lots And Land $49,500 USD 5.5K Lisa Edwards Kona Homes View Details 7 No address available Lot : 12, Ocean View, HI 96737 1 ac Lot Size Lots And Land $10,000 USD 5K Lisa Edwards Kona Homes View Details 17 LAURA RUMINSKI/West Hawaii Today A luxury home on the beach at Kukio. Beachfront, Lenihan Sotheby's International Realty. With a resort-sized infinity pool, spa, sweeping views and close proximity to Downtown and Waikiki, you could make this home your own mini-resort or add additional homes to the site for a palatial family compound or corporate retreat. This Hawaii Kai home, situated in the Triangle neighborhood (adjacent to prestigous Portlock), offers many special touches, including sandstone wall relief features, professional-grade home theater with reclining leather seating for eight, a seperate ohana cottage, water features and many home automation features (including lighting, doors and fans). With 11,076 square feet, 8 bedrooms and 9 and a half bathrooms, this is an unmatchable piece of beachfront real estate in Kapalua is located on almost a full acre. http://locationshawaii.imgix.net//locationsimages/logo.png. Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure. Check out my beautiful Kauai wedding. Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. Featured in Forbes Magazine and Architectural Digest, this intimate home includes private deeded beach access to one of Diamond Head's finest beaches and is close to the shopping and dining of the Waikiki and Kahala nieghborhoods. Developers note that affordable-housing regulations require a range of affordability that can include lower price limits tied to incomes at 80% of the median, and that maximum regulated prices are typically above realistic selling prices because of conditions put on buyers and competition from market-price homes. Agents, Data is deemed reliable but is not guaranteed accurate by the MLS. Get instant access to all of our 10,000+ Hawaii listings. October 31, 2018 At about eight times that price, some $1.5 million homes offer uncommon amenities, such as sweeping ocean views, grand. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. Whoever is willing to pay that kind of money will be able to enjoy the 6,294-square-foot interior that has everything you need to stay cozy. 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. 5403 Kalanianaole Highway, Honolulu|MLS #:201628812. When it comes to luxury living, nowhere else in the world can compare to Maui. other brokerage firms. This Wailea property, known as sandy surf, isnt used as a full-time residence. You have already registered using your FB account. Anini Kai this North Shores Hollywood-esque estate overlooks Anini Beach and the mountains surrounding Hanalei. We will not rent, share, or sell your information. The home is on the market for $799,000. For example, with dwelling coverage of $200,000, the average rate is $2,233, while the cost of a homeowners insurance . Prices in the initial affordable subdivision dubbed Malina have not yet been set, but would largely align with city guidelines allowing homes priced from $400,000 to $700,000 for households with two or three people earning up to 120% of the median income. Owner William Kevin ONeil got his moneys worth, though; Oneloa Beach is one of Mauis nicest white sand beaches. (function(d, s, id) { Lifestyle, The average interest rate nationally for a 30-year fixed mortgage recently was 2.7%, which means the current affordable price could be over $1,026,800 for a two-bedroom home. Rich with contemporary textures, design, and emotion, this masterpiece infuses New York upscale taste with Kauais relaxed natural beauty. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Youll have access to thousands of homes for sale that are currently on the market. Pictured here are homes under construction earlier this month. Please switch to a supported browser or download one of our Mobile Apps. We hope to see you soon and trust you enjoyed learning about Mauis top beachfront luxury properties. Some 176,243 cost at least $1 million out of 372,659 in the city, where the median home value was $968,800 according to the study, which used the census' 2019 American Community Survey with. Vacation Rentals. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. Privacy Policy. Kamehameha Schools is also subject to the older rules for its Our Kakaako community, where about 550 below-market homes need to be produced. Hawaii County might take a page from Honolulu's playbook and tack an extra property tax on multi-million dollar residences. The distribution of these palatial properties is also illuminating. An average home in the area will set you back around $863,632, according to Zillow. Hawaii's most accurate home valuation tool. This coastal California property is less than $500,000. Market Update, While there are sure deals to be found, real estate happens to be pretty darn pricey in paradise. What we love: Anini is home to Hawaiis largest coral barrier reef. 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. Copyright 2023 StarAdvertiser.com. We're able to accomplish this . d.getElementsByTagName('body')[0].appendChild(js); The home is now owned by Houston-based Fayez Sarofim. North Shore, Charles Kip Thieriot, now retired, is a member of the prestigious family that founded and ran the San Francisco Chronicle, and was himself the president of Western Communications. new construction listings and access our free white papers and buyer guides. Similar formulas are also used by the city and the Hawaii Community Development Authority, a state agency regulating development in Kakaako, where some of the priciest condominium towers on Oahu have been built. Since the protective reef provides year-round calm water, many are able to enjoy the numerous ocean activities including, boating, swimming, snorkeling, fishing, windsurfing, and biking. She notes several homes currently in escrow on Oahu: two oceanfront estates on Diamond Head Road listed for $19.85 million and $17.97 million, and an oceanfront estate on Khala Avenue listed for $18.3 million. Oahu currently has 18 active listings for single-family homes priced at $10 million or more. of indoor/outdoor living space, Constructed by Kauais number one builder, Randy Weir Construction, Main House 2,737 sqft., 3 Bed | 3.5 Bath, Incredible Views and World-Class Surfing, literally at your doorstep, Guest House 2,000 sqft., 2 Bed | 2 Bath, Views of waterfalls pouring out of the Namolokama Mountain, 2,238 linear square feet of pristine ocean bluff bordering the practically untouched Waiakalua Beach, Access the Secluded Beach for a dip by walking or driving, Ocean views from essentially every room, even the pool and spa, Extensive native plants & landscaped gardens, 4 Bed | 4 Bath; 4,458 sqft. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for "affordable" housing in Honolulu under a state guideline. Log in now to continue reading this story. For $1 million, you could purchase this 1,600-square-foot, four-bedroom craftsman between North Beacon Hill and Judkins park. The spectacular windows in this $5,150,000 home will give the fortunate homeowner a fabulous view of both the pool and the ocean beyond. Ft List Price: $2,100,000 Read this story for free: Watch an ad or complete a survey, Hawaiis vaccination eligibility to expand earlier to 70-plus age group, Hawaii Real Estate Sales: Jan. 18 Jan. 22, 2021, By Andrew Gomes agomes@staradvertiser.com. 51 Kaikea Place, Kailua 96734 | MLS #:201715306. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. Aptly named after the quiet waters of the Anini lagoon, Wailana Mlie is a truly timeless Polynesian estate. by Emmy Favilla BuzzFeed Staff Alabama $1.09. 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. Shown are a pair of renovated 3-bedroom units in the Kuapa Isle townhome complex in Hawaii Kai that recently sold for $1 million. The home also includes a 2,000-sqft rooftop lanai with private ocean-facing infinity pool and perpetual 360-degree views of the Pacific Ocean, Diamond Head, mountains and Waikiki. Dreamy waterfront property Zillow The pricing of these homes is really based on what buyers value them at with all of the restrictions that are placed on them, said Race Randle, senior vice president of planning and development in Hawaii for Howard Hughes Corp., the developer of Ward Village in Kakaako. Island and beachfront homes don't have to cost millions . CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM. Used under license. 11 stunning island and beachfront homes for sale across the US for under $1 million. Telephone: 808-529-4747. July 4, 2022 1 million dollar homes in hawaii . Please help us to better serve you by answering these optional Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. This house looks out onto Kukios South Pond, and then onto the ocean. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. Property listed by Aska Estate Hawaii Inc. 72 Kalaheo Avenue, Kailua 96734|MLS #:201714646. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million, which technically could qualify as affordable housing if HHFDC guidelines applied. Designed by award-winning architect James K.M. 19A new study shows U.S. coral reefs provide $1.8 billion in flood-risk benefits to property owners and people's livelihoods every year, with top value assigned to the reef stretching offshore of Diamond Head, Waikiki and Kakaako. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. Listed for $30 million, Idaho's new most . Offering three bedrooms, two bathrooms, and an open concept modern design, this stunning home that boasts a view of the nearby valley hit the market for $1,888,000. Such conditions can include the right of a government agency to buy back the home for a below-market price if sold within a number of years, and a requirement that the homeowner pay an agency a share of appreciation no matter when the home is resold. We assembled a similar list in 2005, limited to the City and County of Honolulu. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Luxury Home for Sale in Hawaii: Fantastic value for this outstanding rare perfectly remodeled ground-floor 2 bedroom, 2 bath unit with a comfortable easy living lifestyle and garden view. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Just two lots down from Michael Dells sprawling Kukio estate is another multi-structure compound, this one belonging to David L. Anderson, the managing director of Sutter Hill Ventures. Homes, 6 Beds 5 Baths 6,000 SqFt Residential MLS # 1630071. Found in Honolulu, this Hawaiian home is light, bright, and airy thanks to the white walls, vaulted ceilings, and large windows. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-04 06:12:05 PST. Read my blogs to learn about the newKilauea Lighthouse Village and Real Estate in Kilauea. Developers in Kakaako, however, also may deliver affordable housing under HHFDC rules if they produce a greater share of below-market homes. Posted on 202 Kaikuono Place, Honolulu 96816|MLS #:201714663. This browser is no longer supported. One of only 19 homes along this treasured section of Diamond Head Road, this beachfront residence offers nearly 100 feet of linear ocean frontage and is within walking distance to Waikiki. The price of the home purchased by Adam Weiss and Barret Swatek on July 30 is the second-highest sale in Hawaii, said. Amenities: The villa surrounds a 900 sq. The dollar amount listed for each house is the countys most recent assessment of its value, for tax purposes. Not counted in the totals is the sale that topped them all: the $78 million off-market deal that Amazon founder Jeff Bezos reportedly sealed for a secluded compound on La Perouse Bay on Maui. What the celebrities and I love about this 6-acre private sanctuary: Seacliff Plantationis a gated community located between the town of Kilauea and the Kilauea Lighthouse. Kilauea proves time and time again a favorite getaway for celebrities, and this home shares its Aloha with many of them. What wows me: Large land offering at nearly 22 acres with a breathtaking, private view. If you love to entertain, this home's expansive, seaside lanais can't be beat! Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-04 06:12:05 PST. Sellers, An updated cottage is on the market for $900,000 and offers three bedrooms and two bathrooms in 1,800 square feet. Ft. 2336 Beckwith St, Honolulu, HI 96822. An odd thing has happened in the realm of affordable housing on Oahu. It is situated at the foot of Nihoku, an extinct volcano locally known as Crater Hill, and above Kahili Beach and Kilauea Bay. The amount of dwelling coverage makes a big difference in rates. The property also includes a seperate caretaker's suite with kitchen. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. The city and HCDA said their current maximum price for homes at the 120% of median income limit would be around $700,000 for a family of four. It is home to the historic Kilauea Lighthouse, National Wildlife Refuge, and Kilauea Lighthouse Village the North Shores newest commercial development in over 40 years. The lavish lair has officially sold for $46.1 millionfar less than its asking price, yet still enough to set a record as the priciest single-family home ever sold in the state. Listing provided by Hicentral MLS $23,000,000 6 bds 6 ba 4,947 sqft In Hawaii Kai, supply is low and competition is high with many properties selling for more than their listed price. Please contact your agent for access to LocationsHawaii.com. Check with the applicable school district prior to making a decision based on these boundaries. This elegant multi-level contemporary oceanfront home located near Doris Duke's famed Shangri La Estate boasts some of Honolulu's finest views of an azure cove, coconut-lined white sand beaches, surf, sunsets and, of course, Diamond Head. Simply stunning! Click the button below and we'll send you a link to reset your password. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. Read my blog about the Kilauea Real Estate Market. Due to local MLS regulations, you will need to re-register if you would like to continue your access. Shown is Kakaakos The Collection condominium tower where five 2-bedroom, 2-bathroom units in the tower have sold for $1 million since September. What I love: In conclusion, 9 out of the 10 homes are located on Kauais green and lush North Shore. 5949 Kalanianaole Highway, D, Honolulu|MLS #:201623396. 1118 Ala Moana Boulevard, GPH 36, Honolulu | MLS #:201612214 $36,000,000 5 bedrooms 5 full baths 1 half baths 10,076 sqft The most expensive home currently for sale on Oahu sits atop 36-floor luxury high-rise condo building, Waiea ("water of life") in the booming Kakaako neighborhood. New Jersey). It's a primal human urge to live by the water, where the endlessly changing vistas of clouds and sky, sea, lake, and river enhance the rhythms of daily life. These formulas are out of whack, StormoGipson said. Kihei Beachfront Real Estate 1470 Halama Street. The home's great room boasts inspiring ocean views. But throw Slavic Ukrainians into Civil War with Russia First . Dont believe it? In Central Oahu, developer Castle & Cooke Hawaii delivered its first market-priced home at Koa Ridge in November and expects to have an initial increment of 140 affordable homes finished late this year and early next year as part of an agreement calling for 1,050 affordable homes at the3,500-home project between Waipio and Mililani. 3047 Kahalawai Street | MLS 611978 This is currently the most expensive home for sale in the esteemed Kukui'ula community. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. 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. Designed to be a "home without walls," the wide-open spaces are surrounded by floor-to-ceiling windows that boast views of the beautiful blue pool, gorgeous green lawns, and majestic ocean. Overall, Koa Ridge may produce affordable housing geared for households earning up to 140% of the median income. Whether youre checking out Wailea, Makena, Kihei, Maalaea, Kaanapali, Kapalua, or Lahaina, each destination location is near some of the worlds best luxury resorts, world-class golf courses, plenty of fine dining, and high-end shopping, so youre never far from all the island excitement. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. 87-3163 Hawaii Belt Rd is a 1,024 square foot house on a 5 acre lot with 1 bedroom and 1 bathroom. Price: $20.9 million. Christian Weis, The prevalence of million-dollar homes can vary significantly by metro.
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