The county in Hawaii with the lowest cost of living is Maui County. Like much of the rest of the island, it has a resort atmosphere. 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. How did we determine the most affordable place in Hawaii? The famous Shay Zak architects designed a majestic five-bedroom, five-and-a-half baths marvel to sit on Kohanaiki front row. The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. 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 new buyers could potentially add more homes, athletic courts, pools, or whatever else their imaginations may come up with in this tropical paradise. For buyers on the huntfor luxurious island property (and who isnt, really) and who have always wanted the opportunity to run into Mark Zuckerberg ontheir way to pick upa morning coffee, this may betheir opportunity. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. 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. What is the cheapest housing market 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. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. 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. 1,726 Sq. It has bent the curve and kept COVID-19 cases relatively low. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. One note: We restricted this list to single parcels as defined by the county tax offices. 145 Kailuana Loop, Kailua, HI. It also caters to your automobiles with six parking areas and a beautiful driveway. 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. It is on a 2,386 sq ft plot. North Shore, S Kalaheo, Kailua, Oahu (MLS# 201510589), Hale Komodo is located beachfront on Oahus famed North Shore. 23). New Orleans real estate market gets a spotlight in the new HGTV series Selling the Big Easy.'. Built in 1996, the turnkey eight-bedroom estate features over 12,000 square feet of indoor and outdoor living spaces. Waimanalo, Hawaii, is located on the windward side of the island of Oahu. 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. Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. And the other is a one-bedroom/one-bathroom guesthouse. To spark island vibes, we started at the topas in the absolute pinnacle of Hawaiian real estate. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. 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. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. 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. 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. You can download the data here. 5. 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. Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. 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. Oahu, We aim to deliver bite-sized pieces of infotainment about where you live. This Wailea house, the most expensive residential property on Maui, and one of three houses on our list within a 2-mile stretch of coastline, is owned by Thom Weisel, a financier who founded the San Francisco-based investment banking firm Thomas Weisel Partners Group. All rights reserved. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. The median home value in the community stands at $635,900. Here are the ten most expensive homes for sale in Urban Honolulu right now. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. We assembled a similar list in 2005, limited to the City and County of Honolulu. Can It Bounce Back? Were pretty sure there isnt a bad place to put up a hut in Hawaii; but there are some places that are super expensive, so HomeSnacks thought that wed give you the ying to that yang and let you know the most affordable places in Hawaii for 2022. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. That figure actually represents the fifth lowest mark in the state. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. 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. 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 Weisel has been described by the San Francisco Chronicle as the alpha male of Wall Street West with an uber-competitive streak. Its a drive that extends to athletic pursuits, as well. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. 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. At $12.8 million, it is the most expensive house for sale in the state . Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. 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. We used data and science to determine which places in Hawaii go easy on your wallet. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. DMCA Notice. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef's kitchen, office and bedroom suite. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. 9 Bay Dr, Lahaina, HI Price: $37,500,000 Hawea Point: Spectacular and spanning 10 acres in West Maui, this. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. 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This ocean bluff estate is located on the North Shore of Kauai above Anini Beach. 2023 Warner Bros. Kukio, This is one of the few properties on our list that sold for less than its assessed value. The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. This is our ninth time ranking the. 2 most expensive house, for example, is officially owned by Kukio Limited. Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. It comprises two residencies, and the main one has four bedrooms and four and a half baths.
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. The entire property occupies 5,963 sq ft on a 17,942 ft lot. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. The county in Hawaii with the lowest cost of living is Maui County. 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.) But, cultural assets aside, what are the most valuable homes currently on the market? There might be some that surprise you. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. The cheapest housing market in Hawaii is Hickam Housing. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. The median rent comes in at $1,552 per month. 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. . In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . 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 house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. 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. The average home value in Hickam Housing is $0, the lowest in the state. This oceanfront Kukio property grabs the No. Labor Expenses Are High. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. First, lets put that statement into context. Copyright 2023 HiCentral MLS, Ltd Brokerage. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. Not Really. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. The estate is close to three Championship Golf Courses and a five-star Wailea hotel. Meanwhile, the unemployment rate is a puny 3.47%. How things have changed. The town represents the number 7 most affordable spot to live in the state. Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. Kohala Coast, Hanalei, Kailua, 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. 68-1029 Pauoa Way, Kohala, Hawaii $18,950,000 Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). Below are the top 10 most expensive homes currently for sale in Hawaii: Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. This 7 BD/8.5 BA home is over 8,000 SF and sits on a 36,000+ SF lot that is steps from the ocean. Here are the 10 states with the highest median home price: Hawaii - $636,400. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. And that, folks, would be Hawaiian Paradise Park. Ifwhats there isnt quite enough, theres room on the property to keep on building. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. Artist Christian Riese Lassen is known for his paintings of vibrant oceanscapes and sparkling dolphins, and his Kapalua home is inspired by that Technicolor turquoise aesthetic. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. The sprawling mansion also includes a spa, tatami room and commercial-grade kitchen thats five times bigger than a lot of restaurants in town, says Yamamoto. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. 2 Baths. Oceanfront, The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. This luxurious property occupies just over one acre. Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) Kauai, 1. This propertys main structurecomprises four pavilions joined by open-air walkways, which allow you to enjoy the tropical breezes and surrounding lush landscaping. November 19, 2015 4. And its not hard to see why; Kapolei residents pay the seventh smallest proportion of their income on homes statewide. Hawea Point: Spectacular and spanning 10 acres in West Maui, this property is behind guard gates and within the Kapalua Resort. This Wailea house, the most expensive residential property on Maui, and one of three houses on our list within a 2-mile stretch of coastline, is owned by Thom Weisel, a financier who. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Brokers offer of compensation is made only to participants of the Big Easy..... Square feet of living space pay more for properties with good views and standard features such off buying.. 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