"}}]}. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. Your Email address will be kept private, this form is secure and we never spam you. It also caters to your automobiles with six parking areas and a beautiful driveway. Used under license. Information is deemed reliable but not guaranteed. Kohala Coast, Short has been reported to be an extremely private person; hes managed to stay largely out of the spotlight as the president of Lone Star Funds, a global investment firm that manages private equity funds worth $24 billion, but not as owner of Sunderland A.F.C., a soccer team in England. This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. If you do decide to settle down in Waianae, youre in luck, because it has the fourth cheapest homes in Hawaii. Nanakuli, Hawaii, lets you get that with a little bit of a bargain.
The cheapest housing market in Hawaii is Hickam Housing. 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 median price of homes in December 2021 was $1.06 million, a 22 percent increase . This property is right on the beach. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. Here's where it all takes a left turn. Check with the applicable school district prior to making a decision based on these boundaries. Population: 10,921Rank Last Year: 21 (Up 20)Home Price To Income Ratio: 4.0x (most affordable)Income To Rent Ratio: 68.3x (33rd cheapest)More On Hawaiian Paradise Park: Real Estate|Cost Of Living. At $12.8 million, it is the most expensive house for sale in the state . Related: However, these views come at a cost and drive the prices of properties in those areas sky high. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. 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. Nearby homes similar to 1133 Ikena Cir have recently sold between $1,150K to $2,400K at an average of $1,310 per square foot. The resort is also close to a world-class shopping center. Not Really. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. It is on a 2,386 sq ft plot. Zillow, Inc. holds real estate brokerage licenses in multiple states. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. 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. Continue with Recommended Cookies. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). This property recently appeared on the market for the first time in more than 30 years. The median income of a Hawaii household is $83,173. 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. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. There are two guest cottages, a wine cellar, media room, office, pool, and spa. House Grail is reader-supported. 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. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. This year has proven to be quite the year for sports cars. In 2016, two penthouses at Honolulu's Waiea. It also has an extended living space through the mahogany furnished doors. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Yes, that Schwabfounder and chairman of the Charles Schwab Corp., and ranked by Forbes as the 50th richest person in the U.S., with a fortune totaling approximately $4.7 billion. Maintaining water features in arid Kona cant be easy.) Oahu, [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. May we suggest a car dealership? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');And if you already knew these places were cheap, check out some more reading about Hawaii and the cheapest places in the country: We finish our list of cheapest places to live in Hawaii in Hawaiian Paradise Park. The median rent in the area comes in at $1,327 per month. 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. [Click here for more information](/info/mls-disclaimers/#mls_726) And from snorkeling with the turtles at Makaha Beach to just chilling on the soft sand at Pokai Bay, were pretty sure money troubles wont be on your mind here. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. 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. 210 Naio Place Lahaina, HI, 96761 United States $16,000,000 4 Bedrooms 5 Bathrooms 4,720 Sq Ft. 1.03 Acre (s) Marketed By Island Sotheby's International Realty Video 4584 Makena Road Kihei, HI, 96753 United States $12,500,000 2 Bedrooms 4 Bathrooms 2,760 Sq Ft. 1.15 Acre (s) Marketed By Island Sotheby's International Realty Contract pending You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. 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 Join the party! This time, its not even the most expensive Kahala property. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. 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.". 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. The .7-acre lot is assessed at $13.3 million. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. Most Expensive States. The huge price is mainly based on the location on the waterfronts of Hanalei bay. 10 Types of Delphinium Flower to Grow at Home (With Pictures). We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Nobody has this. The property is officially owned by Palekaiko Limited Partnership, the Montreal office of which is the same as the headquarters of Cirque du Soleil. 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. Music City's population and property values are going up, up, up. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. (Although when we flew over the property, the pond was all but empty. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. DMCA Notice. Kauai, The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. However, when you are a homeowner in Hawaii, it gets pretty expensive. 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. The 9 Most Expensive Homes in Hawaii 1. Zip codes are ranked by the Zillow Home Values . In this villa, you can see the ocean raging waves straight from the living room. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. Homes in Waimea go for about $462,800, the eighth lowest in the state. Metros with the most cities in the top 30 in Hawaii #1. 6. 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. How did we determine the most affordable place in Hawaii? The house, as sold, was built in 1985 and spread out over 18K sq ft. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. One seating area is mostly surrounded by windows in case you dont want to go outdoors but still want toenjoy the verdant landscape. Here, the land definitely outweighs the house. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. 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. This Wailea property, known as sandy surf, isnt used as a full-time residence. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. ", "acceptedAnswer": { "@type": "Answer", "text": "
Copyright 2023 House Grail. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 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. Hawaii County assesses the house alone at $28.5 million, but the better part of the $61 million valuation of this property is the land itself. 5. Population: 10,969Rank Last Year: 3 (Down 2)Home Price To Income Ratio: 4.8x (2nd most affordable)Income To Rent Ratio: 54.7x (39th cheapest)More On Waimea Cdp (Hawaii County): Real Estate. 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 . Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. 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. Antilia | Mumbai, India. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Pool. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. How Much Is Car Insurance in Virginia in 2023? The house is situated within a short walking distance from the Kohaniki Clubhouse. Kamuela, It is casually referred to as Hale Palekaiko, meaning House of Paradise. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. The place remains impressive, though. Here are the most expensive homes currently for sale on each Hawaiian island (with the exception of Ni'ihau, which is privately owned, and Kaho'olawae, which is uninhabited). If you're planning on staying in hotels during your vacation, the answer to "how much is a Hawaii trip" is going to be: "expensive". Hanalei, Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. Iowa's typical house costs $183,418 and is 1,550 square feet. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. Overlooking Kauai's North Shore - and beyond - from its position above Secret Beach, this 28-acre, four-parcel estate awaits new owners to take its swankiness to the next level. Enjoy an exquisite two-story glass window view, a private pool, an all-service spa, a fully stocked gym, and an elevated dining place. That figure actually represents the fifth lowest mark in the state. With 160 feet of ocean frontage, a putting green, and lagoon style pool, you can enjoy your private oasis on Hawaiis coveted Kohala Coast. 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. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. What county in Hawaii has the lowest cost of living? Please be nice. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Representative of the perfect tropical island, Kauai has attracted many film and television producers who have made more than 70 films there including Donovan's Reef, Blue Hawaii, Jurassic World, The Thorn Birds and the pilot and first episode of Gilligan's Island. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. 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. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. The cost of living in Hawaii is 20.0% higher than the US average. The average living wage in Maui County is $103,095 according to MIT data. Are Shipping Container Homes Legal In North Carolina? What Makes Diamond Head Special: Who needs to swim in the ocean when youve got a pool this gargantuan? Kailua. 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. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. $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. 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