The county in Hawaii with the lowest cost of living is Maui County. 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. Discovery, Inc. or its subsidiaries and affiliates. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. 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 . 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. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. Featured properties may or may not be listed by the office/agent presenting this brochure. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. For sale: $14,950,000. It includes a swimming hole, barn, covered arena, main house, ranch managers house, and many more features. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. 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. So, if you care about home values and affordability, take a look at the list below to see where your Hawaii dollar will go the furthest. However, these views come at a cost and drive the prices of properties in those areas sky high. Hawaii as a whole runs about 75% more expensive that the U.S. standard. Nature-lovers will definitely want to hit Akaka Falls State Park, while those with an interest in science or history will have a great day out at the Imiloa Astronomy Center. Homes in Waimea go for about $462,800, the eighth lowest in the state. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. 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. Kaneohe. You can step into the front yard and dive into the pool for an in-house immersion. Out of thetop 10 most expensive homes in the state that are currently on the MLS market, 5 are located on Kauai. Kilauea, HI (realtor.com) 3. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. . 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. 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. Palauea Beach: Newly constructed in West Maui, this contemporary four-bedroom beach house, which comes fully furnished, includes a lanai, high ceilings, and custom craftsmanship throughout. 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. 6. 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. The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. It costs $34,000 more on average to construct a new home than to buy one. Metros with the most cities in the top 30 in Hawaii #1.. All rights reserved. The median income of a Hawaii household is $83,173.
Buyouts have been good for Roberts: Forbes ranked him No. Photo: 360 Property Photos. Manage Settings The interior is just amazing and wonderful. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. Luxury, The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. 4747 Kahala Ave (Kahala) - $15.2M. 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. The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. Can It Bounce Back? Now when referring to sales prices for homes that are being purchased as opposed to rented, there is a similar pattern of costs."}}]}. The No. And the median monthly rent is an affordable $1,069. The huge price is mainly based on the location on the waterfronts of Hanalei bay. 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. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. The entire property occupies 5,963 sq ft on a 17,942 ft lot. 4. 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. The average living wage in Maui County is $103,095 according to MIT data. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. 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.) 9 Bay Dr, Lahaina, HI Price: $37,500,000 Hawea Point: Spectacular and spanning 10 acres in West Maui, this. 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. Take a look at 10 of the world's most expensive houses below. We incorporated elements of Christians art throughout the house, says architect Jeff Long. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The sprawling ranch sits at the foot of Mount Namahana and is filled with waterfalls, two custom truss bridges, stables, pasture, and forest areas. Now state leaders are ready to start opening back up to visitors. 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. 145 Kailuana Loop, Kailua, HI. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Copyright 2016, Hawaii Information Service. 13) in order to move a few miles down the coast to one of Kukios newer developments. Reality-TV star Kendra Wilkinson takes the plunge into the hyper-competitive LA real-estate world in the six-part limited series, Kendra Sells Hollywood streaming on discovery+ and with a special preview airing on HGTV. The most expensive listing in Hawaii is a part of the Kukio Golf and Beach Club, a private community on the west coast of the Big Island. 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? IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In 2016, two penthouses at Honolulu's Waiea. 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. Traditional Western elements meet contemporary style in this Jackson Hole homestead designed by Ward+Blake Architects and inspired by the water, trees and mountains that surround it. Keep reading. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. Here are the 10 states with the highest median home price: Hawaii - $636,400. 1995-2016 Honolulu Board of REALTORS. 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. 4200 Anini Vista Dr Unit D, Kilauea, HI. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. (Although when we flew over the property, the pond was all but empty. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space. Urban Honolulu, HI: 11 #2. Iowa's typical house costs $183,418 and is 1,550 square feet. Hawaii, This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. The house known as Peace Harbor on West Lake Okoboji has no equal in the area. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. Population: 11,379Rank Last Year: 7 (No Change)Home Price To Income Ratio: 5.1x (4th most affordable)Income To Rent Ratio: 49.9x (52nd cheapest)More On Nanakuli: Real Estate|Cost Of Living. With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. 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. Kukio, Oahu, It comes up for sale as a separate property down the road, also in Keawakapu sold for a . Ifwhats there isnt quite enough, theres room on the property to keep on building. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. At $24 million, it's one of the more expensive homes in the area. Hilo. It also has an extended living space through the mahogany furnished doors. 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. Your Email address will be kept private, this form is secure and we never spam you. If you do decide to settle down in Waianae, youre in luck, because it has the fourth cheapest homes in Hawaii. Are two main residences, with an incredible 40 % population growth in the.. The four-bedroom home, built in 2004, has been featured in both Forbes Architectural! United states $ 85,716/sqft be kept private, this beachfront Estate sits on 7,065 sq meters divided. Ships to Honolulu Honolulu, HI a roll, second closing this!., your Principal Broker, or an Attorney tenth smallest percentage of their income on homes.! 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