most expensive house in hawaii

It includes multilevel outdoor seating and living areas, including a covered lanai, dining space, and sprawling decks. What is the cheapest housing market in Hawaii? DMCA Notice. Most Expensive States. Nanakuli, Hawaii, lets you get that with a little bit of a bargain. Copyright 2023 House Grail. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. The resort is also close to a world-class shopping center. 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.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? As a result, the community ranks number 1.0 in the state in terms of its income-to-rent ratio.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-large-mobile-banner-2','ezslot_16',113,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0'); If you get tired of swimming, sun bathing, and hitting the links, you still have leisure-time options in Waimanalo. United States. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. You can download the data here. It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. The six-bedroom main house was built in 2001. 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.. WELCOME HAWAII PROPERTIES $41,900,000 7 bds 10 ba 6,645 sqft - House for sale 3D Tour 7505 Makena Rd, Kihei, HI 96753 WELCOME HAWAII PROPERTIES $33,900,000 7 bds 8 ba 10,500 sqft - House for sale 3D Tour 72-393 Kaupulehu Dr, Kailua Kona, HI 96740 COLDWELL BANKER ISLAND PROPERTIES - KONA $32,000,000 7 bds 9 ba 11,176 sqft - House for sale Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. It had been remodeled as recently as 2004, when it was bought for that $15.2M in 2015. Found on the most expensive street in Hawaii, this eye-popping estate is the largest beach property in the area. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. For Sale, The median income sits at a sizable $109,620. Buyouts have been good for Roberts: Forbes ranked him No. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. How things have changed. Copyright 2023 MLS Hawaii, Inc. All rights reserved. You might spend more on housing, but you have more money overall to play with. 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. This information is believed to be accurate. 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. North Shore, Kauai. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. To spark island vibes, we started at the topas in the absolute pinnacle of Hawaiian real estate. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. First, lets put that statement into context. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Over 7 acres of land, and 1,000 feet of ocean frontage, with a 7 BD/7.5 BA 10,000 SF home. 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. Antilia | Mumbai, India. When you click through real estate links on our site, we earn an affiliate commission. How Much Is Car Insurance in Virginia in 2023? The community stands as the number 9 most affordable spot in Hawaii. In this villa, you can see the ocean raging waves straight from the living room. It is casually referred to as Hale Palekaiko, meaning House of Paradise. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. And that, folks, would be Hawaiian Paradise Park. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. 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. Don't miss HGTV in your favorite social media feeds. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. The most expensive city on the list has a typical home value of $3,388,842 which is 272% higher than the state average of $910,349. This property is right on the beach. The house, as sold, was built in 1985 and spread out over 18K sq ft. Hanalei, The owners pavilion includes an openchefs kitchen, media room, and exercise room, as well as a bar that also serves the pool area. Hawaii is one of the most beautiful states in the US, and it has some amazing and most luxurious houses as well. Kailua Kona, This house looks out onto Kukios South Pond, and then onto the ocean. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) Guests have included everyone from Prince to Michael Jackson and Mel Gibson. . 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 . Your email address will not be published. This luxury property sits on a 7,000 sq ft parcel of real estate. 1 47-477 Waihee Pl $11,900,000 6 bd 4 ba 3,595 sqft Home for sale 47-477 Waihee Pl Kaneohe, Oahu Neighborhood: Kahaluu Town 2 53-841 Kamehameha Hwy $6,000,000 4 bd 3 ba 2,080 sqft Home for sale 53-841 Kamehameha Hwy Hauula, Oahu Neighborhood: Hauula 3 Or in the state of Iowa, for that matter. 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. It has a plantation model with a stretching green lawn and palm trees. 5. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. More importantly, if you choose to live in one of Hawaiis most affordable places, you will have plenty of extra money to do the fun things that Hawaii offers. For example, if the median household earns $100,000 and spends $40,000 on housing its actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. 2 most expensive house, for example, is officially owned by Kukio Limited. It comes up for sale as a separate property down the road, also in Keawakapu sold for a . Beachfront, Zillow, Inc. holds real estate brokerage licenses in multiple states. There are far worse places to socially distance than a gorgeous, remote island in the Pacific. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. 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. While the rest of the country struggles with shelter-in-place fatigue and a rising count of coronavirus infections, the Aloha State has just begun to relax its 14-day quarantine rules. The cost of living in Hawaii is 20.0% higher than the US average.

"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? Brokerage. Population: 21,541Rank Last Year: 18 (Up 12)Home Price To Income Ratio: 5.2x (7th most affordable)Income To Rent Ratio: 57.6x (35th cheapest)More On Kapolei: Real Estate|Cost Of Living. (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. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. 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. 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. At $12.8 million, it is the most expensive house for sale in the state . SOLD JUN 3, 2022. And its not hard to see why; Kapolei residents pay the seventh smallest proportion of their income on homes statewide. The 15.33-acre property. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. The entry door is an 11fts double glass door with a wrought iron scroll framing: the exterior features 30,855 sq ft free land for further development. Built in 2001, the home has its own name, Kai Moena, which translates to House of the Resting Sea. There are two main residences, with a total of 10 bedrooms, 11 bathrooms, and over 17,000 square feet of living space. Larry Ellison doesn't just own a home in Hawaii he owns an entire island. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. Kamuela, 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. Urban Honolulu, HI: 11 #2. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 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. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. All rights reserved. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. Haleiwa, The median rent in the area comes in at $1,327 per month. How did we determine the most affordable place in Hawaii? He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. When you buy via links on our site, we may earn an affiliate commission at no cost to you. The consent submitted will only be used for data processing originating from this website. An example of data being processed may be a unique identifier stored in a cookie. One of a series of affluent housing developments built on the western side of Pearl Harbor, Ewa Gentry, Hawaii, provides access to the good life. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. 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. A 6 BD home with 5 BA and 3 half baths, and over 9,500 SF of living space, sitting on 6.41 acres. 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Homes in Waimea go for about $462,800, the eighth lowest in the state. 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. 4508 Makena Rd, Kihei, HI. The entire property occupies 5,963 sq ft on a 17,942 ft lot. That would be the cost of a mansion in most other parts of the country, but its about par for the region. However, the median household income is $52,000. This diamond of a property belongs to Bandel and Paula Carano. The sale price, which started out at $68 million in 2010 before it was . You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. 3 Beds. As the only place on this list with a median rent under $1,000/month, Wainae is a great place to try Hawaii out to see if its right for you. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. Hey, it doesn't hurt to dream, right? The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. Luxury properties in Hawaii stand head and shoulders above other homes. Hawaii has the highest average rent in the United States at $2,399 a month. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. This oceanfront Kukio property grabs the No. Mauna Lani Resort, 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. Metros with the most cities in the top 30 in Hawaii #1. Some of the most luxurious and breathtaking homes in the world are in Hawaii. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. 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 . For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such .

The county in Hawaii with the lowest cost of living is Maui County. All rights reserved. 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. If you wish to report an issue or seek an accommodation, please let us know. The town represents the number 7 most affordable spot to live in the state. The famous Shay Zak architects designed a majestic five-bedroom, five-and-a-half baths marvel to sit on Kohanaiki front row. Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. In Hawaii Kai the median sale price for homes on the market is about $1.5m, however, high-end properties can be listed at a much higher price point. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. Hilo. 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. Alabama's Most Expensive Home Is a Secluded Golf Retreat for $7M, Your Special Island? The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. 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. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. Waihee-Waiehu is located in the east coast of western Maui. The bar starts at $16 million and goes up from there. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. The six-bedroom main house was built in 2001. It comprises two residencies, and the main one has four bedrooms and four and a half baths. See also Building Costs Per Square Foot in the State of Georgia, USA Homes in Waimea go for about $462,800, the eighth lowest in the state. 1,726 Sq. 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. Privacy Policy. 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. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. The sprawling ranch sits at the foot of Mount Namahana and is filled with waterfalls, two custom truss bridges, stables, pasture, and forest areas. 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. Music City's population and property values are going up, up, up. Hilo Hilo is the largest city on the Island of Hawaii. 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. Like much of the rest of the island, it has a resort atmosphere. Information is deemed reliable but not guaranteed. 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.

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