If you wish to report an issue or seek an accommodation, please let us know. Buyers, 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. Living large comes easily in this grand Pavilions estate. Moving to Hawaii, Property listed by Aska Estate Hawaii Inc. 72 Kalaheo Avenue, Kailua 96734|MLS #:201714646. HHFDC starts with federal data for Honolulus median household income, which was $101,600 last year, meaning half of all households earned more and half earned less. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Hawaii. Its owned by Hale O Aloha, which shares a mailing address with SalesForce Inc., a cloud-computing software company founded by Marc Benioff, a 30-year-veteran of the software industry. An average home in the area will set you back around $863,632, according to Zillow. HHFDC also notes that its price ceiling could be lower after accounting for costs including real property taxes, insurance and any maintenance or homeowner association fees. As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. Los Angeles was the top market with 628 properties selling for $10 million or more, followed by New York Citys Manhattan with 326 transactions. Post a major island flood event in April, homes and beaches past Hanalei have become inaccessible to the public; however, if youre interested in viewing this home, Contact me as vehicle passes are required. $10.9 million. When it comes to luxury living, nowhere else in the world can compare to Maui. Under current guidelines, a family of four in Honolulu earning 140% of the median income can qualify for subsidized housing priced as high as $1,026,800. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. For example, a $1.6 million-dollar listing in Los Angeles would not be considered a luxury home. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. The second-most expensive home on the market is also a penthouse in the Waiea building. Today there are just 12 active listings on Hawaii Island for $10 million or more, three of them at Kkio: Thirty-year-old developer Adam Wong has an intoxicating vision for a vibrant and affordable Honolulu. }(document, 'script', 'wibbitz-static-embed')); Between sleek architectural designs with panoramic ocean views to overly large acreage plantation estates, lets explore what millions of dollars can get you across Kauai, Hawaii. Listing price: $1,000,000 Square feet: 4,900 Price per square. Listing provided by Hicentral MLS $23,000,000 5 bds 7 ba 8,795 sqft - Active 38 days on Zillow 4679B Kahala Ave, Honolulu, HI 96816 HAWAII LIFE. Check your inbox for an email from brokersmls@locationshawaii.com. A year after shelling out $8 million for a vacation home on the Hawaii island of Kauai, the guitarist has closed on a larger property nearby for $20.5 . At about eight times that price, some $1.5 million homes offer uncommon amenities, such as sweeping ocean views, grand. Anne Hogan Perry of Compass represented the buyer in the highest-priced transaction last year on Maui and also represented the buyer and seller in a $10.4 million Diamond Head sale on Oahu last year. The affordable home price ceiling is based in part on a 3% interest rate and a 5% down payment. It's a primal human urge to live by the water, where the endlessly changing vistas of clouds and sky, sea, lake, and river enhance the rhythms of daily life. From cascading waterfalls to multi-island views, its no wonder Maui is making a name for itself as the hottest spot for multi-million dollar listings. Nestled by a tropical mountain and offering unobstructed ocean views, $9,650,000 will get you this home whose interior is just as remarkable as the exterior. Nationally, 2,300 residential properties across 30 markets closed for $10 million or more in 2021, more than double the . 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). HAWAII LIFE $24,000,000 4 bds 5 ba 3,706 sqft - House for sale 86 days on Zillow 360 Puuikena Dr, Honolulu, HI 96821 THE AGENCY MAUI. More of those buyers are having to come to Oahu because theres no inventory on the Big Island, but we have the inventory, she says. Developers note that affordable-housing regulations require a range of affordability that can include lower price limits tied to incomes at 80% of the median, and that maximum regulated prices are typically above realistic selling prices because of conditions put on buyers and competition from market-price homes. Million-dollar homes aren't common in most towns. 1118 Ala Moana Boulevard, GPH 36, Honolulu|MLS #:201612214. This home features a private elevator, unsurpassed 360-degree views, a private rooftop infinity pool, sky lanai with outdoor kitchen and pool house, and 4-car garage. Thank you! Enjoy this free story! Last year at the state Legislature, then-Sen. Laura Thielen and Sens. Nationally, 2,300 residential properties across 30 markets closed for $10 million or more in 2021, more than double the transactions in 2020. That kept things simple, but meant overlooking a few fabulous estates that comprise multiple parcels, such as the 174-acre Tara Plantation on Kauai, which sold in 2009 for $28 million. Hawaii ranked ninth in the nation in sales volume last year for residential properties that sold for $10 million or more, according to a recent report by the real estate firm Compass. Horan also believes that, along with other experts, only. Rich with contemporary textures, design, and emotion, this masterpiece infuses New York upscale taste with Kauais relaxed natural beauty. 23). http://locationshawaii.imgix.net//locationsimages/logo.png. of indoor/outdoor living, 9 acres of property the most land area offered in Haena in 9 years, 100s of beachfront footage on Tunnels Beach. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. 51 Kaikea Place, Kailua 96734 | MLS #:201715306. Just about every room relates to the ocean. And good news: If youve got a spare $6,750, you can spend a night hereLassen rents it out whenever hes not there himself. At $27.5 million, a compound with four bedrooms and 4.5 baths on 1.8 acres. Boulder's gap between the percentage of million-dollar homes and the number of households that may be able to afford them is particularly interesting given recent increases in home values. Of course, you'd surely want to spend all of your time outside soaking up both the sun and the view. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Located on the 35th floor and only slightly smaller than the building's grand penthouse, this $35 million dollar home comes with a design credit for the new owners to fully customize the home with their choice of interior design finishes. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Oahu boasts some of the world's finest homes--and some of the world's heftiest home prices. d.getElementsByTagName('body')[0].appendChild(js); In Hawaii, properties range from $50K plots of land to $50 million-dollar dream homes, from Oahu to Kauai to the Big Island to Maui. Found in Honolulu, this Hawaiian home is light, bright, and airy thanks to the white walls, vaulted ceilings, and large windows. I,m sure 35 Million Dollar Home in Miami will let Zelensky have his Sun Tan. Kamehameha Schools is also subject to the older rules for its Our Kakaako community, where about 550 below-market homes need to be produced. Square Footage: 7,500 (includes outdoor living space) Beds/Baths: 5 bedrooms and 5 bathrooms, with two partial baths. Just a month after we crowned a $27 million mansion as the state's most expensive home, a pricier lakefront mansion has splashed down on the market. OCEANFRONT SOTHEBY'S INTERNATIONAL REALTY, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. So when it comes to purchasing beachfront real estate on Maui, make sure you work with our team of talented agents so we can get you into your dream home as soon as possible. Send a message and we'll respond shortly. Property listed by Sachi Hi Pacific Century Prop. 500 Ala Moana Blvd. There are only about five single family homes and 25 condos selling for around $1 million. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. For example, 52.89% of owner-occupied homes are valued at $1 million or more in San Jose, Calif., making it the only one of the nation's 50 largest metros where a majority of owner-occupied homes are worth at least $1 million. This Hawaii Kai home, situated in the Triangle neighborhood (adjacent to prestigous Portlock), offers many special touches, including sandstone wall relief features, professional-grade home theater with reclining leather seating for eight, a seperate ohana cottage, water features and many home automation features (including lighting, doors and fans). If you love to entertain, this home's expansive, seaside lanais can't be beat! The prevalence of million-dollar homes can vary significantly by metro. in Agents, Architecture, Beachfront, Decor, Design, For Sale, Hawaii, Interior Design, Kauai, Lifestyle, Luxury, Market Intelligence, Market Trends, Marketing, Moving To Hawaii, Ocean View, Oceanfront, Acreage, He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. Estates, You're reading a premium story. Homes, For $1 million, you could purchase this 1,600-square-foot, four-bedroom craftsman between North Beacon Hill and Judkins park. It also has private stairs to the beach, gated entry, two oceanfront master suites with private lanais, a media room, spa and lush tropical landscaping. Zillow, Inc. holds real estate brokerage licenses in multiple states. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. What I love: In conclusion, 9 out of the 10 homes are located on Kauais green and lush North Shore. An odd thing has happened in the realm of affordable housing on Oahu. Not counted in the totals is the sale that topped them all: the $78 million off-market deal that Amazon founder Jeff Bezos reportedly sealed for a secluded compound on La Perouse Bay on Maui. Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Shown are a pair of renovated 3-bedroom units in the Kuapa Isle townhome complex in Hawaii Kai that recently sold for $1 million. Ocean View, The median single-family home price in Wahiaw jumped by 38% to $925,000, from $671,500 last year. Complete with two master suites, 6 guest rooms, media room, library, office, pool, three-car garage, and more whats not to love about this luxury Maui property listing? One note: We restricted this list to single parcels as defined by the county tax offices. The pricing of these homes is really based on what buyers value them at with all of the restrictions that are placed on them, said Race Randle, senior vice president of planning and development in Hawaii for Howard Hughes Corp., the developer of Ward Village in Kakaako. Copyright 2023 MLS Hawaii, Inc. All rights reserved. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. Waiea represents a new level of luxury in Hawaii and is the flagship building of Honolulus most distinguished urban neighborhood, Ward Village in Kakaako. Our median home price is over $1 Million and as local real estate investors, we are looking for ways to keep houses affordable. They need to be revisited and they need to be redone.. 4408 Lawai Rd, Koloa, Hawaii MLS #664853 View Listing $24,000,000 Active 4 Beds 4 Baths 0.52 Acres 3,706 ft Residential 4421 Malolo Rd, Hanalei, Hawaii MLS #666820 View Listing $15,000,000 Active 4 Beds 4 Baths 0.8 Acres 3,706 ft Residential 4914 Lawai Rd, Poipu, Hawaii MLS #664619 View Listing REDUCED 6% $14,500,000 Active 3 Beds 3 Baths 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.) Were always looking forward to meeting with eager investors such as yourself and do our best to deliver top-quality service to our customers. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. Next August 13th, 2019 Erin Delgado 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This resort-like property includes a caretaker's cottage and is fully furnished. The price of the home purchased by Adam Weiss and Barret Swatek on July 30 is the second-highest sale in Hawaii, said. by Emmy Favilla BuzzFeed Staff Alabama $1.09. We have received your inquiry and will be contacting you shortly. 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. That's up from 4.8% (3.5 million . Deepak Neupane, HCDA executive director, said the agency tries to ensure that below-market home prices are affordable to households that qualify for interest rates above published averages because many people dont qualify for the average rate. Youll have direct and dramatic ocean views from the living room, lanai and master bedroom and access to your own secluded hidden beach. Lifestyle, With plenty of luxurious hints, custom touches, and more than 6000 square feet of space, which includes five bedrooms. La Follia, a massive mansion in Palm Beach, Fla., closed this year for $110.25. 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. We assembled a similar list in 2005, limited to the City and County of Honolulu. Ward Village must include around 900 below-market homes under a master plan subject to pre-2018 price limit guidelines tied to 140% of the median income. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Log in now to continue reading this story. These formulas are out of whack, StormoGipson said. As the pinnacle of elegance and privacy, the exclusive listings of West Maui offer the kind of luxurious lifestyle that few are privy to. What should the owners of a family business consider when dividing shares of stock among their children? listings agent to show a property. A dream home that's truly worthy of paradise, this Hawaiian residence, located on a jaw-droppingly stunning ocean bluff, will put the purchaser back $14.9 million. Youll also be able HUD's Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. 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. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. Aloha Hawaii community !! I have been told never to give two children equal shares. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Aloha and happy VA home buying! The resolution, which asked HHFDC to report the results of an analysis to the Legislature before this years session, did not get a hearing and was not adopted. The highest price on Oahu last year was $24 million for a beachfront house in Lanikai; another Lanikai home sold for nearly $11 million in January, marking the first $10 million-plus sale of 2022. Please help us to better serve you by answering these optional Vijay Singh's $23-million Hawaiian oceanfront estate is up for sale . 13) in order to move a few miles down the coast to one of Kukios newer developments. LAURA RUMINSKI/West Hawaii Today A luxury home on the beach at Kukio. The owner is yet another investment banker: Paul Stephens, the chairman and a partner of Stephens Investment Management, and the co-founder and managing director of RS Investments, a San Francisco-based management group that manages more than $7 billion in assets. questions. 2. Three years ago, the city and HCDA reduced their maximum home price guidelines by lowering the household income limit to 120% of the median, which equates to $151,080 for a family of four. Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Its lot 1A, the premier parcel in the private, luxury residential community of Kukio. Here's What A $1 Million Home Looks Like In All 50 States Spoiler: a whole lotta square footage in Arkansas, not so much in New York. 5403 Kalanianaole Highway, Honolulu|MLS #:201628812. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. 1118 Ala Moana Boulevard, GPH 36, Honolulu | MLS #:201612214 $36,000,000 5 bedrooms 5 full baths 1 half baths 10,076 sqft The most expensive home currently for sale on Oahu sits atop 36-floor luxury high-rise condo building, Waiea ("water of life") in the booming Kakaako neighborhood. The home is on the market for $799,000. We chose homes that are for sale right now for around $1 million so that you can see how far your real estate dollars will stretch around the country. The 4,375-square-foot home built in 1929 comes with six bedrooms and five bathrooms, as well as a sunroom, elevator, finished basement and office, according to listing photos. Weisel is a three-time world masters cycling champion. Kauais most expensive beachfront listing is located on Hanalei Bay in the North Shore. Well, just check out this multi-million dollar property located in Kapalua. Designed to be a "home without walls," the wide-open spaces are surrounded by floor-to-ceiling windows that boast views of the beautiful blue pool, gorgeous green lawns, and majestic ocean. In 2015, only 14.4% of homes were valued at $1 million or more, compared to 44.4% in 2021. #7-500 Golf Course, Haena Point serves as the perfect gateway between Mauka (Mountains) and Makai (Ocean). Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million, which technically could qualify as affordable housing if HHFDC guidelines applied. The No. On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres. Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. With 11,076 square feet, 8 bedrooms and 9 and a half bathrooms, this is an unmatchable piece of beachfront real estate in Kapalua is located on almost a full acre. This diamond of a property belongs to Bandel and Paula Carano. Real Estate, Beyond that, this lovely residence offers a modern design, theater, and a view of the water and mountain from the living room, kitchen, and bedroom. Avoid headaches with our guide. Though 73% of the homes are valued at $1 million or more, less than 42% of households in the city earn $200,000 or more annually. Dont believe it? It contains a link to reset your password. This year, Forbes ranked Michael Dell as the 37th richest person in the world, with a net worth of $13.5 billion. May we suggest a car dealership? Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. Cheng & WCIT Architecture, along with internationally acclaimed interior designer Tony Ingrao, this home rivals the great penthouses across the globe. Price: $20.9 million. A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. Brokerage. Listing provided by Hicentral MLS $19,500,000 4 bds 6 ba 4,228 sqft - Active 285 days on Zillow 4607 Kahala Ave, Honolulu, HI 96816 HAWAII LIFE. For Sale, What is LocationsHawaii.com? That said, this figure is higher than in the nation's 50 largest metros, where an average of only 4.71% of homes are worth $1 million or more. 5949 Kalanianaole Highway, D, Honolulu|MLS #:201623396. Keep your eye on this property! John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. In Waipahu, where the median price rose by 14% to $840,000, the number of single-family homes sold nearly doubled to 23. 12203 Lucas Ln, Louisville. October 31, 2018 Kauai, 3047 Kahalawai Street | MLS 611978 This is currently the most expensive home for sale in the esteemed Kukui'ula community. Your email address will not be published. All three are just adorable, but perhaps my favorite is the home next to Honl's Beach, currently listed for $895,000. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. Makakilo's median single-family home price rose 26%, from $786,000 in January 2021 to $994,000 this year. 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. The distribution of these palatial properties is also illuminating. This is one to look more closely into. 202 Kaikuono Place, Honolulu 96816|MLS #:201714663. Golf green & bunker practice area designed by American Golf Course Architect, Custom home offered for the very first time, 1.46 Acres, the largest acreage offered in the exclusive Kahalawai neighborhood. Anini Beach is conveniently located between the town of Kilauea and Princeville. It is home to the historic Kilauea Lighthouse, National Wildlife Refuge, and Kilauea Lighthouse Village the North Shores newest commercial development in over 40 years. Data is deemed reliable but is not guaranteed accurate by the MLS. The property also includes a seperate caretaker's suite with kitchen. If you have any questions about these beachfront properties in Hawaii or other listings, make sure to contact us today. Leave your opinion here. Your email address will not be published. Of course, those are just two examples of the kinds of stunning homes in Hawaii that would cost you a fortune. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Not only is the lot 2.5 acres, there are 2.5 acres of conservation land in front, and another 3 acres of resort common area in back. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved An updated cottage is on the market for $900,000 and offers three bedrooms and two bathrooms in 1,800 square feet. of indoor/outdoor living space, Constructed by Kauais number one builder, Randy Weir Construction, Main House 2,737 sqft., 3 Bed | 3.5 Bath, Incredible Views and World-Class Surfing, literally at your doorstep, Guest House 2,000 sqft., 2 Bed | 2 Bath, Views of waterfalls pouring out of the Namolokama Mountain, 2,238 linear square feet of pristine ocean bluff bordering the practically untouched Waiakalua Beach, Access the Secluded Beach for a dip by walking or driving, Ocean views from essentially every room, even the pool and spa, Extensive native plants & landscaped gardens, 4 Bed | 4 Bath; 4,458 sqft. July 4, 2022 1 million dollar homes in hawaii . 4 Baths. Arguably the Most Beautiful Beach in Hawaii, Hanalei Bay boats a 2-mile stretch of White Sand and 3 Beach parks. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Its unlikely developers could actually produce and sell $1 million homes to satisfy an affordable-housing condition under state and county requirements typically tied to projects that receive zoning changes, development bonuses and fee waivers. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. Required fields are marked *. As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. Read my blog about the Kilauea Real Estate Market. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. Operating farm coconuts, citrus, extensive orchards, and exotic palms. She notes several homes currently in escrow on Oahu: two oceanfront estates on Diamond Head Road listed for $19.85 million and $17.97 million, and an oceanfront estate on Khala Avenue listed for $18.3 million. If you are West Mauis beaches, shopping, top restaurants, and enjoyable lifestyle will be at your fingertips with this new Whalers Village 2435 Kaanapali Parkway, Suite A-3 Lahaina, Maui, Hawaii 96761Real Estate License RB-21851, Prev: Hottest South Maui Real Estate Property for Sale TODAY, Next: Multi-Million Dollar Luxury Beachfront Penthouse for Sale in Maui Hawaii, Outstanding Luxury Kaanapali House for Sale in Lanikeha, Amazing Kaanapali Luxury Home for Sale on Maui in Lanikeha, Hawaii Luxury House for Sale in Mauis Kaanapali Coffee Farms. Nationwide, a record 8.2% of U.S. homes (6 million) were valued at $1 million or more in February, according to a new report from real estate brokerage Redfin. Oceanfront Home +Vacation Rental Cottage, Former home of prominent architect, Elliott Rosenblum, 1,000-ft. driveway into your 4,395 sqft. For a whopping $23.5 million, the new owner of this home will find it fully furnished. How things have changed. Voted as The Hippest Town in Kauai by VOGUE, Hanalei has officially hit the map. 2332 Makiki Heights Drive Honolulu|MLS #:201627051. Hey, it doesn't hurt to dream, right? Gated Community, Perry says some ultra-high-end buyers who may have looked at the Neighbor Islands in the past are now checking Oahu. Its a 3 bedroom, 3 bathroom luxury property with 2,900 square feet inside but 12,118 square footage of land. 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. The important questions to ask when choosing a lender for your mortgage. Whoever is willing to pay that kind of money will be able to enjoy the 6,294-square-foot interior that has everything you need to stay cozy. 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. This island is home to some stunning natural beauty that will make your jaw drop! This modern 1.43-acre oceanfront estate claims 185 linear feet of beach frontage and includes a tennis court, pool and Jacuzzi lush set among lush tropical landscaping. Seventy-eight Hawaii sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. The New York City metropolitan area where an apartment .

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