"}}]}. Your email address will not be published. But this is Hawaii, where property is expensive. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). Big Island, 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. 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. The Kahala area does offer some of Oahus choicest property, and this three-parcel lot looks like a prime development opportunity. Villa Leopolda | Cote D'Azure, France. Consisting of 10 separate parcels, this park-like estate is truly a private compound. 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. 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. Originally built by former Kahala Hilton owner William Weinberg in 1988, the single-story Kahala home has the best of everything: it even had an underground gasoline tank installed in the front yard, so one can fuel cars right in the garage. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. Kukio, The place remains impressive, though. ", "acceptedAnswer": { "@type": "Answer", "text": "
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. Diamond Head: This gorgeous Oahu property is located at the end of a private street and right next to Doris Dukes famed Shangri La estate. 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. Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. Pete has been working in the trades since high school, where he first developed a passion for woodworking. Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. The property is a three-bedroom, two-baths house sitting on one acre. Homes in Waimea go for about $462,800, the eighth lowest in the state. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. 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. Kailua, For awesome views of Mount Waialeale and jungle valleys, definitely check out the Kuilau Ridge Trail in Kapaa.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'homesnacks_com-leader-4','ezslot_19',115,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-4-0'); Population: 9,961Rank Last Year: 6 (Down 4)Home Price To Income Ratio: 6.2x (2most affordable)Income To Rent Ratio: 60.1x (17th cheapest)More On Kapaa: Real Estate|Cost Of Living. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. The 15.33-acre property comes . Becky Bracken covers celebrity and other notable real estate for Realtor.com. 4. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. >Cost of living in Hawaii: 12% more expensive than U.S . Metros with the most cities in the top 30 in Hawaii #1. in Hawaii, Anini, Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. 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 . Out of thetop 10 most expensive homes in the state that are currently on the MLS market, 5 are located on Kauai. Whether youre looking for speed, style, or just pure driving pleasure, theres a. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. What is the cheapest housing market in Hawaii? Oceanfront, Kauai, alternatively known as the Garden Isle, is geologically the oldest of the chain of main Hawaiian islands. At $24 million, it's one of the more expensive homes in the area. 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 . In fact, there are only six Oahu properties on the entire list. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. With these high prices, it is hard for the people who have a bit less money to find a place to live. This cost varies depending on the size, type, and location of the property. All rights reserved. United States. The median home value in the community stands at $635,900. Subscribe now to get our freshest tips and ideas delivered to your inbox. This property recently appeared on the market for the first time in more than 30 years. 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. The bar starts at $16 million and goes up from there. 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. It's also a standout architecturally. 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. 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 average living wage in Maui County is $103,095 according to MIT data. Buckingham Palace | London, UK. The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. Honolulu. Larry Ellison doesn't just own a home in Hawaii he owns an entire island. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. 4747 Kahala Ave (Kahala) - $15.2M. This house is the most famous building by the award-winning architect Peter Vincent. In any case, if you do settle down here, chances are youll have an awesome time sitting around a campfire at Kaloli Point, with all the mangoes and turtles your heart desires right at your feet. The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. $2,400,000 Last Sold Price. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. Though we can't crown a #1 Most Expensive Neighborhood definitively, you're guaranteed it's in here, along with 10 more that tie for #2. 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. 96779, HI, United States $40,975/sqft. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. We used data and science to determine which places in Hawaii go easy on your wallet. Within the last few years the Garden Isle has become increasingly popular. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. . However, the median household income is $52,000. 2023 Warner Bros. 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 1995-2016 Honolulu Board of REALTORS. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. Talk about ritzy stretches of beach: This Kapalua mansion is next door to Christian Riese Lassens house (No. 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.. You can step into the front yard and dive into the pool for an in-house immersion. The sale price, which started out at $68 million in 2010 before it was . SOLD JUN 3, 2022. This information is believed to be accurate. The community stands as the number 9 most affordable spot in Hawaii. It is casually referred to as Hale Palekaiko, meaning House of Paradise. How did we determine the most affordable place in Hawaii? 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. This year, Forbes ranked Michael Dell as the 37th richest person in the world, with a net worth of $13.5 billion. All the more reason to snap up an offering like this 296 Gray Head mansion while you can. Join the party! Homes in Waimea go for about $462,800, the eighth lowest in the state. This one is really well done. For Sale, 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. 1. Just two lots down from Michael Dells sprawling Kukio estate is another multi-structure compound, this one belonging to David L. Anderson, the managing director of Sutter Hill Ventures. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. He sold his mansion on the Bluffs of Mauna Kea (No. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Who needs to swim in the ocean when youve got a pool this gargantuan? 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. The property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. Please be nice. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. Ifwhats there isnt quite enough, theres room on the property to keep on building. Required fields are marked *. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. Hawaii Average House Price (Median Home Price) The value of an average median home is $860,000, making it the most expensive state. 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. East Side, Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. All rights reserved. We consulted Hawaiis census data for 2022. HomeSnacks is reader-supported. Using public records collected by Title Guaranty Hawaii, weve compiled a list of Hawaiis priciest homesexclusive compounds filled with sprawling swimming pools, personal tennis courts and stunning oceanfront views, places for which the annual property-tax bill runs a cool half-million. Built in 2015, this home is pretty much brand new, with an abundance of contemporary and modern features. Surprising? Copyright 2016, Hawaii Information Service. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. Here's the list of America's 10 most expensive states to live in: #1 HAWAII 2022 Cost of Living Score: 1 out of 50 points (Top States Grade: F) Consumer Price Index (May, Honolulu Area): UP. 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. However, when you are a homeowner in Hawaii, it gets pretty expensive. 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. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . This may be the hardest item on this list to believe. This luxury property sits on a 7,000 sq ft parcel of real estate. Hanalei, Asking price: $29,500,000. 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. It would be hard to find a more spectacular location for a dream home. Of the eight main islands, Niihau, Kauai, Oahu, Maui, Molokai, Lanai, Kahoolawe and the Big Island of Hawaii, Kauai has always attracted people who enjoy lush vegetation, organic foods and hiking through the Moloaa Forest Reserve. 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. 3 spot even though it sits in the middle of acres of black lava rock in Kona; the luxury subdivision and golf course that will eventually surround it have yet to be built. The median rent in the area comes in at $1,327 per month. 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. Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. It comprises two residencies, and the main one has four bedrooms and four and a half baths. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Theres even a small farm on one corner of the lot, which grows palm, citrus, and coconut trees. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. And the other is a one-bedroom/one-bathroom guesthouse. It has bent the curve and kept COVID-19 cases relatively low. This luxurious property occupies just over one acre. And its not hard to see why; Kapolei residents pay the seventh smallest proportion of their income on homes statewide. 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Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. The median income of a Hawaii household is $83,173. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. 4747 Kahala Ave. 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. Population: 10,771Rank Last Year: 2 (Down 2)Home Price To Income Ratio: 5.3x (8th most affordable)Income To Rent Ratio: 75.4x (30th cheapest)More On Waihee-Waiehu: Real Estate|Cost Of Living. On the flip side, Waimea is less affordable for renters, so youre best off buying here. Built and owned by former co-chief executive of Morgan Stanley's operations in the Asia-Pacific region, William H. Strong, the 11,708-square-foot house is made up of Balinese-style pavilions on a bluff overlooking the Pacific Ocean and Kilauea Lighthouse. Here are the ten most expensive homes for sale in Urban Honolulu right now. Learn more. For more reading on life in Hilo, check out: Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). View More Data > According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. 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. 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. The true value in this property is the expansive amount of acreage included in purchase, which has rights to 3 additional homesites and a guest house. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. At $12.8 million, it is the most expensive house for sale in the state . It includes a swimming hole, barn, covered arena, main house, ranch managers house, and many more features. While Waimea has all the usual island-y things to do, it also hosts a number of farmers markets that pull folks from near and far. Population: 7,236. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. Ft. 5371 Oio Dr, Honolulu, HI 96821. 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. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. There is plenty of land to add outdoor sports courts or additional buildings. Nanakuli, Hawaii, lets you get that with a little bit of a bargain. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. 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. Check with the applicable school district prior to making a decision based on these boundaries. The average living wage in Maui County is $103,095 . 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. $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. North Shore, 1. When you buy via links on our site, we may earn an affiliate commission at no cost to you. With 160 feet of ocean frontage, a putting green, and lagoon style pool, you can enjoy your private oasis on Hawaiis coveted Kohala Coast. Built in 1996, the turnkey eight-bedroom estate features over 12,000 square feet of indoor and outdoor living spaces. The new buyers could potentially add more homes, athletic courts, pools, or whatever else their imaginations may come up with in this tropical paradise. 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. 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