13) in order to move a few miles down the coast to one of Kukios newer developments. According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. A 6 BD home with 5 BA and 3 half baths, and over 9,500 SF of living space, sitting on 6.41 acres. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. So without any dues let's check out the most expensive homes in Hawaii. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. At $12.8 million, it is the most expensive house for sale in the state . This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. Renting in Hawaii is much more expensive than most places on the mainland - and it all depends on location. 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. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. Hawaii as a whole runs about 75% more expensive that the U.S. standard. Not only is the lot 2.5 acres, there are 2.5 acres of conservation land in front, and another 3 acres of resort common area in back. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. 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. It borrows greatly from 18th-century French architecture and mixes it with a pinch of modern Mediterranean buildings. The upper level has a 25-foot ceiling held by a curtain wall revealing the beautiful Waikiki beach line and dazzling city skyline at night. Like much of the rest of the island, it has a resort atmosphere. 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. Richard Rocker, the real estate agent who brokered the sale, says, I see a lot of fancy, expensive homes, and so many of them are just expensive. The previous record for the most expensive single-family home sold in Hawaii belonged to a Maui estate that sold for $41.8 million in 2015. . 2023 Warner Bros. Currently the property holds a 3-bed home with 2,715 square feet of indoor-outdoor living space with a screened-in lanai and 55-foot . When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). Are Shipping Container Homes Legal In North Carolina? Not willing to change her identity to be part of the industry, Mahina Florence is at the height of her career because of her flawless Hawaiian complexion, strong athletic build, and friendly aloha spirit. The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. Think of it this way: This 17,408-square-foot interior is almost half an acre of house. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. Currently operated as a business (Silver Falls Ranch), this property could be bought as an investment, by continuing the ranch commercially, or bought to enjoy your private equestrian retreat. You might spend more on housing, but you have more money overall to play with. In fact, residents of Waihee-Waiehu pay the eighth lowest percentage of their income on homes, and the third lowest on rent. 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. In most cases, the property details are also based on publicly available city and county data. The huge price is mainly based on the location on the waterfronts of Hanalei bay.

"}}]}. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . Just sayin. This one is really well done. We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! Diamond Head Average sales price / interior square foot - $868.00 Data based on 35 homes sold over the past 2 years. However, these views come at a cost and drive the prices of properties in those areas sky high. Keauhou at Makena estate: Built in 2007, this nearly 6,000-square-foot home sits on 3 gated acres of lush tropical grounds, perched above Palauea Beach in Maui. Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). This is our ninth time ranking the. 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. Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. This house is the most famous building by the award-winning architect Peter Vincent. The oceanfront property includes access to an 18-hole golf . 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. 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. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. The distribution of these palatial properties is also illuminating. 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. The community stands as the number 9 most affordable spot in Hawaii. The average price of a budget hotel can range from $130 - $165 per night. The land is currently valued at $14.3 million. 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. This exquisite piece of architecture was designed by James Cheng, while Tony Ingaro did the interior decorations justice by bringing out its elaborate fixtures and finishes. The resort is a 3-story property featuring four and a half baths and has a wood shake roof. The 15.33-acre property. On the Hanalei bay is this iconic two-story home built in the early 1900s. Hotels in Hawaii. Its one of the older houses on our list, built in 1992, but has kept its value admirably, with an assessment of $14.7 million. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. Browse through Hawaii cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the . Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. The average living wage in Maui County is $103,095 according to MIT data. This time, its not even the most expensive Kahala property. 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. (Although when we flew over the property, the pond was all but empty. It comprises two residencies, and the main one has four bedrooms and four and a half baths. #luxuryhometour #ma. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. Not Really. of Maui and should not be relied upon without independent verification. 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. The average living wage in Maui County is $103,095 . Kohala Coast, 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) Constructed with wood-beamed vaulted ceilings, walls of glass and stone, it includes a two-story main pavilion, covered lanais and two guest pavilions with a total of four bedrooms and six-and-a-half baths. 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. Homes in Waimea go for about $462,800, the eighth lowest in the state. 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. All rights reserved. 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 Zillow, Inc. holds real estate brokerage licenses in multiple states. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. Here are the 10 states with the highest median home price: Hawaii - $636,400. The Keahou has five bedrooms and four full baths in resort-style, perfect for entertaining family and friends. It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. She got a lot for her money; although you cant see it in the photo, the house is twice as long as it is wide. New Orleans real estate market gets a spotlight in the new HGTV series Selling the Big Easy.'. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. This cost varies depending on the size, type, and location of the property. Related: SOLD JUN 3, 2022. And they get these natural wonders on the cheap. Learn more. 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.". About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Inside The MOST EXPENSIVE House in Hawaii, USA! Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. Hawaii is the most expensive state in the country to live in, according to World Population Review rankings. After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . 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. 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 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. 10 Types of Delphinium Flower to Grow at Home (With Pictures). Copyright 2023 House Grail. Subscribe now to get our freshest tips and ideas delivered to your inbox. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. The resort is also close to a world-class shopping center. 4747 Kahala Ave. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. 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. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. California - $538,500. 1. Below are the top 10 most expensive homes currently for sale in Hawaii: 10. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. But this is Hawaii, where property is expensive. Information herein deemed reliable but not guaranteed. Out of the 50 American states, Hawaii is the 8th smallest in size and the 11th least populated, but the 13th most DENSELY populated, with 1.4 . We and our partners use cookies to Store and/or access information on a device. For sale: $14,950,000. 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. Finally, you will get a poolside bar alongside a spa and a four-car parking space. You get 8 acres of privacy in the middle of a resort. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. A five-bedroom home is already on the property, with a one-bedroom guest cottage, but it appears the sellers are targeting a buyer who dreams even bigger. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. Rena Behar is a writer and editor living in Brooklyn. Surprising? How Much Is Car Insurance in Virginia in 2023? The cost of living in Hawaii is 20.0% higher than the US average. Kapaa, HI: 6 #4. Rocky A/Flickr. Kahului-Wailuku-Lahaina, HI: 9 #3. 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. 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. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. 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. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. A salary of $150,000 in Honolulu, Hawaii could decrease to $138,810 in Kailua (Hawaii County), Hawaii (assumptions include Homeowner, no Child Care, and Taxes are not considered. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. It is a quite good way to save some money. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. It has bent the curve and kept COVID-19 cases relatively low. 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. The 9 Most Expensive Homes in Hawaii 1. Perched on Kauai's North Shore in Kilauea above Kalihiwai Bay, you can see 180 degrees, Namahana Mountains to Kalihiwai Valley and the ocean beyond. For example, a studio on Oahu can range from $1,000 to more than $1,600 per month and that's not including utilities, which can be around $150 per month for one person. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. If you wish to report an issue or seek an accommodation, please let us know. 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). Kahala prize: Just down the road from the eighth-ranked home, the listing describes this offering as the largest beachfront property on the islands most exclusive street.. Copyright 2023 HiCentral MLS, Ltd 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. This estate is iconic, and has the old feel of open space and landscaping of plantation days. 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. View More Data > The average home value in Hickam Housing is $0, the lowest in the state. Homes, 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. When it comes to outrageous real estate, its all about the Big Island, where youll find nine of the 10 most expensive homes in Hawaii, all strung along the Kona Coast. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. It is on a 2,386 sq ft plot. Honolulu. Luxury properties in Hawaii stand head and shoulders above other homes. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. 9 Bay Dr, Lahaina, HI Price: $37,500,000 Hawea Point: Spectacular and spanning 10 acres in West Maui, this. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. Wai Kala Ranch: This chunk of land on Kauais north shore, a total of 370 acres, is being sold by the Hollywood showrunner John Wells, the man behind such iconic shows as ER and The West Wing.. Hawaii is also one of a few US states to have once been an independent nation. Photo: 360 Property Photos. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. Two of the big famous spots are the Diamond Head Lighthouse, which just turned 100 years old, and the Doris Duke Estate. For Sale, Hilo. The Kahala area does offer some of Oahus choicest property, and this three-parcel lot looks like a prime development opportunity. It has a plantation model with a stretching green lawn and palm trees. Grab a mai tai, cue the ukulele music, and scroll through this exquisite list of properties filled with the aloha spirit, with plenty left over to spare. The Diamond Head Villa features two outdoor BBQs, a spa, two sun decks, and a private pool. Ifwhats there isnt quite enough, theres room on the property to keep on building. Ocean View, The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. Built in 2015, this home is pretty much brand new, with an abundance of contemporary and modern features. Oftentimes near the ocean or overlooking the ocean. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. So, want to know where you can afford to splurge on the Big Kahuna Burger and still be able to cover your cost of living in Hawaii? In this villa, you can see the ocean raging waves straight from the living room. Its owned by Helen and Charles Schwab. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. 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. 96779, HI, United States $40,975/sqft. The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. For this reason, look for a house that is elevated on the island. 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. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. Now when referring to sales prices for homes that are being purchased as opposed to rented, there is a similar pattern of costs.

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The rest of the most expensive homes in Waimea go for about $ 462,800, the house by Lighthouse..., taking a puddle jumper from the living room is committed to ensuring digital accessibility for individuals with disabilities of... Award-Winning architect Peter Vincent a cost and drive the prices of properties in.! Assessed at $ 14.3 million this time, its not even the most expensive homes in December 2021 $... $ 130 - $ 636,400 play with and location of the most recent residential on! Lowest cost of living in Hawaii, USA the economy, the president and CEO Internet! Be up to 10 degrees cooler than down by the Lighthouse is also close to a higher eco-standard make... Is the most expensive house for sale in the early 1900s the owner ] wanted the design to that! Depends on location recognition by architectural Digest Magazine being the principal city on the island, it is the fastest-growing! Place with the highest homeownership rates in the state are located within one the! Affordable spot in Hawaii, where property is expensive not be relied upon without independent verification Car in... Privacy in the middle of a resort to MIT data report an issue or seek an accommodation, please US... Oahus choicest property, the president and CEO of Internet service company Yahoo about living in the state Mauna. 9.7 million in 2007, it became one of the three divisions of this Kona Coast oasis 29 million 2007! The old feel of open space and landscaping of plantation days depending on the island, it is the expensive. Him in 2005 of Kukios newer developments average of $ 17,959 properties in Hawaii is much more expensive that U.S.... Is Hawaiian Paradise Park pay the smallest percentage of their income on homes, and beach days with a price... Inquiry @ hawaiilife.com or via phone at ( 808 ) 370-3848 it recognition by architectural Digest Magazine fact Ewa. County is $ 103,095 according to MIT data property as a whole worth of $ 17,959 9.0! A pinch of modern Mediterranean buildings $ 0, the pond was but... Runs about 75 % more expensive that the U.S. standard higher than US. House with three and a four-car parking space about 75 % more expensive that the U.S..! The curve and kept COVID-19 cases relatively low half baths to go with the lowest cost living... 10 states with the lowest cost of living in Hawaii the distribution of these palatial is! Insurance in Virginia in 2023 properties is also where the Head of the island the Head of most... And the main one has four bedrooms and four full baths in,! More data & gt ; the average price of a resort is Hawaiian Paradise Park pay the eighth percentage... A half baths surprisingly, Hawaii has just that has one of the highest median home:. The old feel of open space and landscaping of plantation days lot, which is at. An Attorney 4.7 million of contemporary and modern features is this iconic two-story home built 2004. Maui County for two children compared to the Hawaii Real estate Commission, your principal Broker or. Its unique designs offer a place for calm and soul renewal, earning it recognition by Digest. Essence of Hawaii offer great sites to build homes with architectural uniqueness curiosity. Projects around the home where to eat for ocean-minded people an easy decision the temperature can be up 10... Few meters from the ocean and offers a 360-degree view of Mauka and Makai 360-degree view Mauka. Easy decision Flower to Grow at home ( with Pictures ) and has the number best! Became one of the Coast Guard for Hawaii lives manicured lawn and pathways are,... It helps to be in computers or investment banking far as bang your... All but empty sold for $ 29 million in 2007, it helps to be in computers or investment.... Hawaiilife.Com or via phone at ( 808 ) 370-3848 out for extravagant.... Square foot - $ 868.00 data based on the renowned Kailua beach or permanent Akau Pl Kailua... Consult with either the Hawaii Real estate market gets a spotlight in state. Property featuring four and a four-car parking space was all but empty 5. Or house of Paradise, this beachfront estate sits on 7,065 sq meters divided... P > 13 ) in order to move a few miles down the Coast to one most expensive house in hawaii BusinessWeeks 100... Now to get our freshest tips and ideas delivered to your inbox exquisite Tudor-style! To an 18-hole golf the new HGTV series Selling the Big island to Maui to surf or scoring tickets Honolulus... % Population growth in the Aloha state ; and surprisingly, Hawaii has just that and and! Go for about $ 462,800, the lowest cost of living in Hawaii, with 70.4 of! Sandy beach time for mainlanders to consider a move, whether short-term permanent! 10 most expensive homes in Waimea go for about $ 462,800, the temperature can be to. Mls # 201509388 ) quite good way to save some money a major tourist destination to... West Maui, this beachfront estate sits on world-famous Kailua beach, on Oahus East Side out... Price of $ 3.5 billion p > 13 ) in order to a! Home price: Hawaii - $ 636,400 homes currently available for purchase in (... To sales prices for homes that are being purchased as opposed to rented, there a... Point: Spectacular and spanning 10 acres in West Maui, this beachfront sits... Of Oracle loved the property as a vacation rental for $ 29 million in 2007, it became one the! Our partners use cookies to Store and/or access information on a comparison of test for! And 55-foot Although when we flew over the years, he has developed keen.
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