The cheapest housing market in Hawaii is Hickam Housing. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. 4508 Makena Rd, Kihei, HI. 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. 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.
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? 4. This ocean bluff estate is located on the North Shore of Kauai above Anini Beach. On the Hanalei bay is this iconic two-story home built in the early 1900s. 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. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). 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. For both sets of people and everyone in between, Hilo has the second cheapest homes for sale in Hawaii, with a median price tag of $341,500. This luxurious property occupies just over one acre. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. North Shore, Kauai. Copyright 2023 MLS Hawaii, Inc. All rights reserved. Oahu, The interior is just amazing and wonderful. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. North Shore, 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. 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. Its lot 1A, the premier parcel in the private, luxury residential community of Kukio. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. This is one of the few properties on our list that sold for less than its assessed value. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. Please switch to a supported browser or download one of our Mobile Apps. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. November 19, 2015 Antilia | Mumbai, India. What To Know. Take a look at 10 of the world's most expensive houses below. We also looked at cost of living, affordable housing, and safety. 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. 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. While the competition was fierce, there can be only one number one most affordable to live in Hawaii for 2022. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. Don't miss HGTV in your favorite social media feeds. All this paradise comes at a price, of course. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. Asking price: $29,500,000. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. When you click through real estate links on our site, we earn an affiliate commission. 2590 Kauapea Road, Kilauea, Kauai (MLS# 286218). SOLD JUN 3, 2022. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. The cost of living in Hawaii is 20.0% higher than the US average. Grassy greens, sunny yellows, sky blues this space from HGTV Magazine is a force of nature. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. It includes a swimming hole, barn, covered arena, main house, ranch managers house, and many more features. 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. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. 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. That figure actually represents the fifth lowest mark in the state. Big Island, What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Buckingham Palace | London, UK. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. Your email address will not be published. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. The Diamond Head Villa features two outdoor BBQs, a spa, two sun decks, and a private pool. The resort is a 3-story property featuring four and a half baths and has a wood shake roof. Wai Kala Ranch: This chunk of land on Kauais north shore, a total of 370 acres, is being sold by the Hollywood showrunner John Wells, the man behind such iconic shows as ER and The West Wing.. 1,726 Sq. Finally, you will get a poolside bar alongside a spa and a four-car parking space. 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 long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. And they get these natural wonders on the cheap. 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. 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. Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. There are multiple master suites, and many features accentuating the luxury of this property. The huge price is mainly based on the location on the waterfronts of Hanalei bay. 145 Kailuana Loop, Kailua, HI. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. Here are the top ten most expensive homes currently available for purchase in Hawaii Kai Oahu, Hawaii . Built in the early 1900s, this plantation style home sits on world-famous Hanalei Bay. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. The biggest city to make this list and the third biggest city in Hawaii, Hilo ranks as the second cheapest place to live in the state. Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. Hanalei, More than half of the top 25 homes in Hawaii are located on the Kona Coast, and theyre all in private resort communitiesKukio, Mauna Lani, Mauna Kea and Hualalai. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. 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. The 15.33-acre property comes with one main house, two guest pavilions, and a caretakers residence. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. A short drive from some of the worlds most beautiful beaches and surrounded by high-quality golf courses, life in the community might seem beyond reach. [Click here for more information](/info/mls-disclaimers/#mls_726) We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Under his management, the venture-capital company has invested, quite successfully, in tech-based startups; its portfolio includes a grab bag of up-and-comers in software, healthcare and computer technology. Rank Last Year: 9 (Down 2) Home Price To Income Ratio: 8.1x (10th most expensive) Income To Rent Ratio: 42.4x (8th most expensive) More on Kahaluu-Keauhou: Real Estate | Data. 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. Can It Bounce Back? Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. Hawaii also has one of the nation's highest median incomes at $80,729 annually. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. #luxuryhometour #ma. Other features include 50-foot-long glass windows, a practice green, a barbecue area and a state-of-the-art audiovisual system, says local architect Toshi Suzuki, who designed the mauka side of the property in 2000. 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. 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. This diamond of a property belongs to Bandel and Paula Carano. 5. Located on the sunny Kona side of Hawaiis Big Island, this 6 BD/7.5 BA home sits on 1.3 acres within Kukio, an oceanfront private club. Living in Hawaii is so expensive that more . Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. 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. The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. All rights reserved. Renting in Hawaii is much more expensive than most places on the mainland - and it all depends on location. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 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. The average living wage in Maui County is $103,095 according to MIT data. If you do decide to settle down in Waianae, youre in luck, because it has the fourth cheapest homes in Hawaii. At $24 million, it's one of the more expensive homes in the area. The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. 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