The property also includes a seperate caretaker's suite with kitchen. What should the owners of a family business consider when dividing shares of stock among their children? Neupane said a below-market condo with two bedrooms produced in Kakaako under HCDA rules today under current rules would probably sell for around $500,000 when accounting for buyer conditions, maintenance fees, taxes and insurance. 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. At $38 million, a seven-bedroom, 8.5-bath home. Thanks, Window Washing Service Jefferson Park, Denver, CO, https://www.ktvn.com/story/43461794/signature-window-washing-company-celebrates-6-years-in-business, One of the benefits of living in Hawaii is the opportunity to be outside just about every day of the , One of the best things about living in the Hawaiian Islands or even just visiting is experiencing the , If you havent purchased a property on Maui before, this will be your quick guide on what the process looks , No Reserve Auction: Build Your Dream Ocean View Compound on Rare 15 Acres with Opportunity for AG Structures & Potential . 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. The bar starts at $16 million and goes up from there. 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. According to Locations, million-dollar homes have been shrinking the fastest in Hawaii Kai by 20% over the past five years. Kauais most expensive beachfront listing is located on Hanalei Bay in the North Shore. 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. 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. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. La Follia, a massive mansion in Palm Beach, Fla., closed this year for $110.25. 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. 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. North Shore Agents, 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. We will not rent, share, or sell your information. To demonstrate, in August 2021, condos were going for an average price of $467,500, while the cost for single-family homes was averaging at $1 million, with both amounts setting records, per Honolulu Magazine. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. Of course, there's also an outdoor space with a pool and meticulously manicured lawn. He sold his mansion on the Bluffs of Mauna Kea (No. 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. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. As of October 2018, I present the 10 most expensive residential homes for sale on Kauai. How things have changed. What we love: Anini is home to Hawaiis largest coral barrier reef. Agents, While there are sure deals to be found, real estate happens to be pretty darn pricey in paradise. That limit equates to $123,480 for a single person and $176,260 for a family of four. If you want to live near Diamond Head but can't afford the multimillion-dollar mansions, this gorgeous, custom-built home on Sunset Avenue is a reasonable compromise. 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). Please contact your agent for access to LocationsHawaii.com. After all, a $1 million home loan with zero down payment and a 4.16% interest rate has an estimated monthly mortgage payment of $6,000 that's a lot more than the average homebuyer can afford. 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. This resort-like property includes a caretaker's cottage and is fully furnished. Anini Beach is conveniently located between the town of Kilauea and Princeville. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. . The home offers almost 5,000 square feet of space. Read my blogs to learn about the newKilauea Lighthouse Village and Real Estate in Kilauea. 2. Its owned by Helen and Charles Schwab. Youll also be able Island and beachfront homes don't have to cost millions . 51 Kaikea Place, Kailua 96734 | MLS #:201715306. Posted on Anini Kai this North Shores Hollywood-esque estate overlooks Anini Beach and the mountains surrounding Hanalei. The living spaces of this sprawling property have been impeccably designed, offering facilities such as a glittering pool, four-car garage, gym, BBQ area, and an elevator. This 10,000-sqft grand penthouse is the ultimate in luxury living. The most expensive single-family home currently for sale on Oahu sits on 2 acres of enviable oceanfront land fronting Kailua Bay in the Beachside neighborhood. Overall, Koa Ridge may produce affordable housing geared for households earning up to 140% of the median income. 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. Palm Beach, Florida, was third with 203 sales. This diamond of a property belongs to Bandel and Paula Carano. Pool, Listing provided by Hicentral MLS $21,000,000 76 acres lot - Active 20 days on Zillow 383 Kalaimoku St, Honolulu, HI 96815 COLDWELL BANKER REALTY. Kamehameha Schools is also subject to the older rules for its Our Kakaako community, where about 550 below-market homes need to be produced. 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. Learn more. 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. What wows me: Large land offering at nearly 22 acres with a breathtaking, private view. Check your inbox for an email from brokersmls@locationshawaii.com. This time, its not even the most expensive Kahala property. 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. Send a message and we'll respond shortly. Kapalua Beachfront Home for Sale 20 Kai Ala Drive. You're reading a premium story. Who needs to swim in the ocean when youve got a pool this gargantuan? When it comes to luxury living, nowhere else in the world can compare to Maui. Click the button below and we'll send you a link to reset your password. Ocean View, Activate your Digital Account now. By NANCY COOK LAUER West Hawaii Today | Friday, May 1, 2020, 12:05 a.m. Share this story. 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. 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. On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres. One of only 19 homes along this treasured section of Diamond Head Road, this beachfront residence offers nearly 100 feet of linear ocean frontage and is within walking distance to Waikiki. 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. It's got spacious,. Read the full story with our Print & Digital Subscription. Our median home price is over $1 Million and as local real estate investors, we are looking for ways to keep houses affordable. The spectacular windows in this $5,150,000 home will give the fortunate homeowner a fabulous view of both the pool and the ocean beyond. In most cases, the property details are also based on publicly available city and county data. Hawaii Property Tax Calculator - SmartAsset Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. 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). Interested? Seventy-eight Hawaii sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. Ft. 2336 Beckwith St, Honolulu, HI 96822. 2332 Makiki Heights Drive Honolulu|MLS #:201627051. 1995-2016 Honolulu Board of REALTORS. 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. July 4, 2022 1 million dollar homes in hawaii . Kauai, We have received your inquiry and will be contacting you shortly. So $1 million will get you a nice place to live, but it won't get you the best. What a Million Dollars Will Buy in These States Alaska: 4 Bedroom, 4 Bath in Chugiak Price: $995,000 Square feet: 5,631 Year built: 2009 Check out the: 2.5-acre lot At the planned Kakaako condo tower Ililani subject to HHFDC guidelines, below-market prices for units with one to two bedrooms range from $459,400 to $649,100. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Hawaii. Hawaii County might take a page from Honolulu's playbook and tack an extra property tax on multi-million dollar residences. 6 bedrooms * 9 full and 2 half bathrooms * 11,938-sq.-ft. interior * 33,306-sq.-ft. lot. Copyright 2023 MLS Hawaii, Inc. All rights reserved. Once you click Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. This Vladimir Ossipoff-designed home is best known as the long-time residence of socialite Clare Boothe Luce, wife of noted magazine publisher Henry R. Luce. To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. Oceanfront, Seventy-eight Hawai'i sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. 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. But throw Slavic Ukrainians into Civil War with Russia First . This email is already registered. 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. Are you interested in a real estate career in Hawaii? Copyright 2023 HiCentral MLS, Ltd Zillow, Inc. holds real estate brokerage licenses in multiple states. Land, 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. 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. 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. Learn more. This browser is no longer supported. Senate Concurrent Resolution 220 noted that San Francisco, in comparison with Honolulu, had a 38% higher household median income but a 23% lower maximum affordable housing price in 2019. LAURA RUMINSKI/West Hawaii Today A luxury home on the beach at Kukio. Beachfront, Dubbed Hale Palekaiko - House of Paradise - this recently completed contemporary tropical estate is designed by award-winning architect Peter Vincent. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. Arguably the Most Beautiful Beach in Hawaii, Hanalei Bay boats a 2-mile stretch of White Sand and 3 Beach parks. 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. Much of HHFDCs work helps developers tap federal and state tax credits that finance housing for low-income households. 500 Ala Moana Blvd. Vijay Singh's $23-million Hawaiian oceanfront estate is up for sale . Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. 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. 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. 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. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for affordable housing in Honolulu under a state guideline. The affordable home price ceiling is based in part on a 3% interest rate and a 5% down payment. Request an appointment to view this property by completing the information below. Youll have direct and dramatic ocean views from the living room, lanai and master bedroom and access to your own secluded hidden beach. South Side, Mahalo for supporting Honolulu Star-Advertiser. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. 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. 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. We incorporated elements of Christians art throughout the house, says architect Jeff Long. (Although when we flew over the property, the pond was all but empty. This island is home to some stunning natural beauty that will make your jaw drop! Genshiro Kawamoto, a Japanese billionaire in his eighties, owns 27 multi-million-dollar mansions over a 1.5-mile stretch of Kahala Avenue, an oceanside stretch of road that the New York Times called the " Beverly Hills of Oahu .". If youre looking for something a little smaller but with a similar epic view, how about this Kihei home for sale on the beach? Kurt Fevella and Sharon Moriwaki introduced a resolution to have HHFDC review and compare its affordable home price guideline methodology with other places that have high housing costs. If you have $3,995,000, then you can snap up this unique home in Haiku, Hawaii. the Saudi governmentAKA the . Moving here? There are several others, including the following million-dollar homes in the Aloha State. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. Talk about ritzy stretches of beach: This Kapalua mansion is next door to Christian Riese Lassens house (No. Due to local MLS regulations, you will need to re-register if you would like to continue your access. Get instant access to all of our 10,000+ Hawaii listings. Gated Community, agreeing to our of Maui and should not be relied upon without independent verification. There are only about five single family homes and 25 condos selling for around $1 million. Used under license. Property listed by Coldwell Banker Pacific Prop. (There are no lots 2 and 3Dell combined three 1-acre parcels.) 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. 3047 Kahalawai Street | MLS 611978 This is currently the most expensive home for sale in the esteemed Kukui'ula community. A stunning manor in Oswego, IL See this Million Dollar Listing Listed by Redfin Agent Wendy Szostak 5 Bed, 6.5 Bath, 11,000 Sq. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. We will not rent, share, or sell your information. Hawaii County assesses the house alone at $28.5 million, but the better part of the $61 million valuation of this property is the land itself. Read more. Were always looking forward to meeting with eager investors such as yourself and do our best to deliver top-quality service to our customers. Mentioned among Forbes' list of "Incredible Mansions," Hi'ilani ("In the Arms of Heaven") is a one-of-a-kind, 19th-century French-inspired estate designed to capture jaw-dropping ocean and sunset views. These days, hes also on the board of directors of Kratos, a federal defense and security contractor, as well as a laundry list of other public and private corporations. For a whopping $23.5 million, the new owner of this home will find it fully furnished. 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. Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. Listing provided by Hicentral MLS $17,000,000 We assembled a similar list in 2005, limited to the City and County of Honolulu. All rights reserved. The 15.3-acre. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilauea estate situated atop a seaside bluff on the north side of the island of Kauai. Owner William Kevin ONeil got his moneys worth, though; Oneloa Beach is one of Mauis nicest white sand beaches. Featuring vast interiors, world-class amenities, and panoramic views, these homes were inspired by the all-new Redfin Premier. 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. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. The Dallas address listed for the tax bill, however, is the same as for Kitano Capital, which was incorporated by financier Ellis Short in 2007. Youll have access to thousands of homes for sale that are currently on the market. This Wailea property, known as sandy surf, isnt used as a full-time residence. Homeowner Tomomi Kimura, chairman of a Tokyo-based shipping company, commissioned the house in 1992, the same year the summer Olympics were held in Barcelona.