Dubbed Hale Palekaiko - House of Paradise - this recently completed contemporary tropical estate is designed by award-winning architect Peter Vincent. Click the button below and we'll send you a link to reset your password. 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. An average home in the area will set you back around $863,632, according to Zillow. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. For a whopping $23.5 million, the new owner of this home will find it fully furnished. This island is home to some stunning natural beauty that will make your jaw drop! 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. 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. Send a message and we'll respond shortly. 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 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. With plenty of luxurious hints, custom touches, and more than 6000 square feet of space, which includes five bedrooms. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million. CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM. Moving here? The No. the Saudi governmentAKA the . The main home features 7 bedrooms, 3 of which are master suites. Ft. 2336 Beckwith St, Honolulu, HI 96822. 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. Golf Course, Copyright 2023 StarAdvertiser.com. 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 Khala Avenue property. The home offers almost 5,000 square feet of space. The current U.S. median home value is $182,500, according to Zillow. Mahalo for supporting Honolulu Star-Advertiser. Spend your days in the sunshine and your nights listening to the ocean waves crash the foundation of this $7,995,000 home that sits on the water's edge. Copyright 2023 HiCentral MLS, Ltd Get instant access to all of our 10,000+ Hawaii listings. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. You're reading a premium story. 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. Next August 13th, 2019 Erin Delgado And he seems to be doing his best to make sure almost no . 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. So the new, post-2020 rules affect only a small proportion of veterans and even fewer of those who are still serving. 2. Nationally, 2,300 residential properties across 30 markets closed for $10 million or more in 2021, more than double the transactions in 2020. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. 3215 Diamond Head Road, Honolulu|MLS #:201709585. Whether youre checking out Wailea, Makena, Kihei, Maalaea, Kaanapali, Kapalua, or Lahaina, each destination location is near some of the worlds best luxury resorts, world-class golf courses, plenty of fine dining, and high-end shopping, so youre never far from all the island excitement. We will pre-fill the registration form with information in our files. Just minutes away are the Shops at Kukuiula where you can find fine dining, fresh boutiques, and a bustling community. Property listed by Sachi Hi Pacific Century Prop. Locations LLC offers thousands of Hawaii real estate listings from each major island including Oahu, Maui, Kauai, Molokai, Lanai, and the Big Island. Think of it this way: This 17,408-square-foot interior is almost half an acre of house. Due to local MLS regulations, you will need to re-register if you would like to continue your access. Property listed by Hawaii Life Real Est. 1133 Ikena Circle, Honolulu|MLS #:201612012. Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Prices in the initial affordable subdivision dubbed Malina have not yet been set, but would largely align with city guidelines allowing homes priced from $400,000 to $700,000 for households with two or three people earning up to 120% of the median income. With a resort-sized infinity pool, spa, sweeping views and close proximity to Downtown and Waikiki, you could make this home your own mini-resort or add additional homes to the site for a palatial family compound or corporate retreat. Millionaire households: 47,279 Total households: 1,131,470 Concentration of millionaires: 4.18% Rank: 51 (Unchanged from last year) Median income for all households: $44,717 (U.S. median: $61,937). Kamehameha Schools is also subject to the older rules for its Our Kakaako community, where about 550 below-market homes need to be produced. It found million-dollar homes are most prevalent in California and Hawaii, where nearly 1 in 4 are in that price range. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. Nearly half of the 20 homes that sold for $10 million or more last year on Hawaii Island were at the exclusive Kkio Golf and Beach Club, including a $34 million house that was among 2021s top five statewide. 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. Request an appointment to view this property by completing the information below. 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. Remember to save your search to receive email alerts when new listings that fit your . Oahu Short Term Vacation Rental Condo List, 1118 Ala Moana Boulevard, GPH 36, Honolulu, 1118 Ala Moana Boulevard, GPH 35, Honolulu, Essential things to discuss when selling your home. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Register you can either select a new agent or one will be assigned for you. Please switch to a supported browser or download one of our Mobile Apps. There are only about five single family homes and 25 condos selling for around $1 million. *Want more? What I love: In conclusion, 9 out of the 10 homes are located on Kauais green and lush North Shore. Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. For more information, visit 1600 Asylum Ave.'s real estate listing. 1118 Ala Moana Boulevard, GPH 36, Honolulu|MLS #:201612214. js.src = '//cdn4.wibbitz.com/static.js'; South Side, In most cases, the property details are also based on publicly available city and county data. Aloha and happy VA home buying! Thank you! Learn more. New Jersey). Well, just check out this multi-million dollar property located in Kapalua. According to Curbed, she purchased a 23,000-square-foot home also in Montecito for a reported $50 million back in 2004.The home was . When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Professional protocol requires agent to set up an appointment with the Avoid headaches with our guide. 7. 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. DMCA Notice. On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres. 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 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. Designed by Hawaii's premier architect, Jeffrey Long of Long & Associates, this magnificent island contemporary home offers a . This information is believed to be accurate. Dreamy waterfront property Zillow 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. 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 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. Hey, it doesn't hurt to dream, right? 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). Disclaimer: The properties we may show you may be Locations LLC listings or listings of 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. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. Bartz has a long tech pedigree: When she purchased the property in 2006, she was working as president and CEO of Autodesk, a design software company, and has also worked at Sun Microsystems and Digital Equipment Corp. Estates, Gated Community, It is situated at the foot of Nihoku, an extinct volcano locally known as Crater Hill, and above Kahili Beach and Kilauea Bay. 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. Property listed by List Sotheby'S Int'L Realty. As of October 2018, I present the 10 most expensive residential homes for sale on Kauai. Simply stunning! Copyright 2016, Hawaii Information Service. 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. As an owner, you receive exclusive access to hiking and equestrian trails in the National Wildlife Preserve. 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. 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. Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. 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 . 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. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. 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. 10 Stunning Million-Dollar Homes In Hawaii, $11.9 million Hawaiian estate that musician Carlos Santana sold, Hawaiian home that golf star Vijay Singh put on the market for a whopping $23 million. Log in now to continue reading this story. An odd thing has happened in the realm of affordable housing on Oahu. The Bay is surrounded by what seems to be hand-chiseled emerald mountains, flowing white waterfalls, and a resort-free environment. Land, Offering three bedrooms, two bathrooms, and an open concept modern design, this stunning home that boasts a view of the nearby valley hit the market for $1,888,000. 500 Ala Moana Blvd. 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. 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. var js = d.createElement(s); js.id = id; StormoGipson is referring largely to guidelines of the Hawaii Housing Finance and Development Corp., a state agency that helps private developers produce affordable housing. Cities With the Most Million-Dollar Homes - 2021 Study - SmartAsset For this 2021 study, SmartAsset looked at data from the 150 largest U.S. cities and identified which ones have the most million-dollar homes. Zillow, Inc. holds real estate brokerage licenses in multiple states. Its owned by Helen and Charles Schwab. Real Estate, (function(d, s, id) { If youre getting married on Kauai, contact me and I can point you in all the right directions! Besides the coveted, surreal location, what else makes this home special? [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. The home is now owned by Houston-based Fayez Sarofim. Vacation Rentals. At about eight times that price, some $1.5 million homes offer uncommon amenities, such as sweeping ocean views, grand. 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.) Copyright 2023 MLS Hawaii, Inc. All rights reserved. What we love: Anini is home to Hawaiis largest coral barrier reef. 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. 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. Want to stay up to date with these properties or others on our beautiful island?
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