As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. Hawaii Average House Price (Median Home Price) The value of an average median home is $860,000, making it the most expensive state. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. View More Data > 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. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. 1. His other interests include astronomy, hiking, and fishing. This is one of the few properties on our list that sold for less than its assessed value. The 60,000-square-foot property is . The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. Copyright 2016, Hawaii Information Service.
"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? It has been provided by sources other than the Realtors Assoc. 2015-2023 Chasing Chains, LLC. Below are the top 10 most expensive homes currently for sale in Hawaii: 10. 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. One note: We restricted this list to single parcels as defined by the county tax offices. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. It's also a standout architecturally. 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.
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. 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. Labor Expenses Are High. Hilo, HI: 4 Read on to see which cities made the list. . The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. Update Privacy Preferences Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. Kohala Coast, The town represents the number 7 most affordable spot to live in the state. 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. It is a quite good way to save some money. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. North Shore, Kauai. The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. What county in Hawaii has the lowest cost of living? And for sure, you will be taken in by the infinity pool and spa area, all sitting on the 8,251 sq ft of luxury living. Nearly every room includes a large picture window to take in the views, including vistas of Hawaiis classic turquoise surf, volcanic mountains, and the historic Kilauea lighthouse. 1995-2016 Honolulu Board of REALTORS. It has bent the curve and kept COVID-19 cases relatively low. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. Get product recommendations from HGTV editors, plus cant-miss sales and deals. Kahului-Wailuku-Lahaina, HI: 9 #3. Kaneohe. 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 . Oftentimes near the ocean or overlooking the ocean. All rights reserved. 23). Hawaii is one of the most beautiful states in the US, and it has some amazing and most luxurious houses as well. Big Island, Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Larry Ellison doesn't just own a home in Hawaii he owns an entire island. Learn more. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. The interior is just amazing and wonderful. Here are the top ten most expensive homes currently available for purchase in Hawaii Kai Oahu, Hawaii . It sits on 7,065 sq meters, divided into three parcels along a 118 ft stretch of sandy beach. Inside The MOST EXPENSIVE House in Hawaii, USA! For more information on any of these listings, please contact Roni Marley, RB at 808.652.1006, Posted on One such example is Kahala - world renowned as the 'Beverly Hills of Hawaii.' Right next door is Diamond Head - another luxurious neighborhood offering wide open streets and a family friendly community at the base of the Diamond Head crater. 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. Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. The distribution of these palatial properties is also illuminating. Found on the most expensive street in Hawaii, this eye-popping estate is the largest beach property in the area. The average home value in Hickam Housing is $0, the lowest in the state. The 9 Most Expensive Homes in Hawaii 1."}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? What To Know. Enjoy an exquisite two-story glass window view, a private pool, an all-service spa, a fully stocked gym, and an elevated dining place. The resort is a 3-story property featuring four and a half baths and has a wood shake roof. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. 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. United States. Oceanfront, Guests have included everyone from Prince to Michael Jackson and Mel Gibson. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. 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. Finally, you will get a poolside bar alongside a spa and a four-car parking space. 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. In most cases, the property details are also based on publicly available city and county data. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Talk about a sweet deal! But this is Hawaii, where property is expensive. What is the cheapest housing market in Hawaii? Nanakuli, Hawaii, lets you get that with a little bit of a bargain. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. Ifwhats there isnt quite enough, theres room on the property to keep on building. This Wailea property, known as sandy surf, isnt used as a full-time residence. Asking price: $29,500,000. The Top-25 Club turns out to be a whos who of tech CEOs, venture capitalists and other financial-service barons, almost all from out of state. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. 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. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). 4. 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. When you buy via links on our site, we may earn an affiliate commission at no cost to you. 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. When you click through real estate links on our site, we earn an affiliate commission. 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. 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. This information is believed to be accurate. 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. 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. Hilo. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. And they get these natural wonders on the cheap. What Makes Diamond Head Special: In fact, there are only six Oahu properties on the entire list. 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. See also Building Costs Per Square Foot in the State of Georgia, USA The home is now owned by Houston-based Fayez Sarofim. 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. 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. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. 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 median home value in the area sits at $392,800.
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