The home is now owned by Houston-based Fayez Sarofim. 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. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! For more reading on life in Hilo, check out: With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. We and our partners use cookies to Store and/or access information on a device. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 1. United States. Located on the sunny Kona side of Hawaiis Big Island, this 6 BD/7.5 BA home sits on 1.3 acres within Kukio, an oceanfront private club. 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. 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. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. Pete has been working in the trades since high school, where he first developed a passion for woodworking. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. 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. For sale: $14,950,000. The property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. 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. Kohala Coast, The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. 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. Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. The cheapest housing market in Hawaii is Hickam Housing. Kai Moena, "House of the Resting Sea," listed for $30 million, is the most expensive home currently available on O'ahu. Your Email address will be kept private, this form is secure and we never spam you. 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.

With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. The bar starts at $16 million and goes up from there. Kailua. Zip codes are ranked by the Zillow Home Values . Moreover, the resort faces the Rees Jones golf course and has numerous walkways to the beach. This property is right on the beach. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 1. Average rents in Honolulu cost an average of $2,528. 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. 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. 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. $11,850,000 If you really want to see Hawaii, few houses make that "mansions" are better than this four-bedroom, 5,000-square-foot beauty. This estate is iconic, and has the old feel of open space and landscaping of plantation days. 4508 Makena Rd, Kihei, HI. in Hawaii, Anini, What Makes Diamond Head Special: This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Whether youre looking for speed, style, or just pure driving pleasure, theres a. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Ewa Gentry is in line with this, with a cost of living about 70% above the U.S. standard.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'homesnacks_com-leader-3','ezslot_18',114,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-3-0'); The town becomes more affordable when you take the overall economy into account. How did we determine the most affordable place in Hawaii? Copyright 2023 MLS Hawaii, Inc. All rights reserved. This house looks out onto Kukios South Pond, and then onto the ocean. 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. May we suggest a car dealership?

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Luxury, Data is deemed reliable but is not guaranteed accurate by the MLS. Information herein deemed reliable but not guaranteed. #luxuryhometour #ma. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. Generally, the lowest housing costs are on the Big Island, which is considered the cheapest Hawaiian island to live on. You can step into the front yard and dive into the pool for an in-house immersion. 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. Hey, it doesn't hurt to dream, right? Pool. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. Enjoy an exquisite two-story glass window view, a private pool, an all-service spa, a fully stocked gym, and an elevated dining place. 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. All the more reason to snap up an offering like this 296 Gray Head mansion while you can. 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. Those who call Hawaii home . Not only is the home located near shopping, dining, and recreation of all sorts, the views are spectacular and offer a daily sunset over nearby Hanalei. The interior is just amazing and wonderful. Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. This huge, 5-acre estate is the farthest north of all our Kona Coast propertiesits on the edge of the Mauna Kea Resort, next door to the old Lurline Roth estate. (And shes got a few other irons in the fire as well.). We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. DMCA Notice. As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. 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. The average living wage in Maui County is $103,095 . The 9 Most Expensive Homes in Hawaii 1. The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. Most Expensive States. First, lets put that statement into context. Nanakuli, Hawaii, lets you get that with a little bit of a bargain. 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. This luxurious property occupies just over one acre. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. The Faye property is the largest piece of property currently for sale oceanfront, on Hanalei Bay at 2.01 acres. You can find out more about him on LinkedIn or his website. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. All rights reserved. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. And the median monthly rent is an affordable $1,069. High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. Waihee-Waiehu is located in the east coast of western Maui. House Grail is reader-supported. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. There is plenty of land to add outdoor sports courts or additional buildings. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. The median home value in the community stands at $635,900. We consulted Hawaiis census data for 2022. 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. That figure actually represents the fifth lowest mark in the state. Hawaii, HI Luxury Homes For Sale 788 Luxury Homes & Mansions Available Tile Sort by Price (high to low) 30 4408 LAWAI RD, Koloa, HI 96756 3 Beds 4 Baths 2,786 Sqft 0.74 ac Lot Size Residential $30,000,000 USD View Details 22 123 Kailuana Loop, Kailua, HI 96734 8 Beds 11 Baths 11,545 Sqft Residential $29,420,000 USD View Details 15 You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. At $24 million, it's one of the more expensive homes in the area. The master suite is more than 1,000 square feet and, in addition to the bedroom, has a living room and bar with the bath having both indoor and outdoor shower, lanai and large dressing room. The famous Shay Zak architects designed a majestic five-bedroom, five-and-a-half baths marvel to sit on Kohanaiki front row. The owner of this lavish Kona estate is, to our knowledge, the only one to have owned two of the houses on this list (even if it wasnt simultaneously). With these high prices, it is hard for the people who have a bit less money to find a place to live. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. 1 - 24 of 632 Results. Ocean View, 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. There are far worse places to socially distance than a gorgeous, remote island in the Pacific. 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. The cost of living in Hawaii is 20.0% higher than the US average. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. The dollar amount listed for each house is the countys most recent assessment of its value, for tax purposes. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. This luxury property sits on a 7,000 sq ft parcel of real estate. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. Information is deemed reliable but not guaranteed. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole.

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