A salary of $150,000 in Honolulu, Hawaii could decrease to $138,810 in Kailua (Hawaii County), Hawaii (assumptions include Homeowner, no Child Care, and Taxes are not considered. Copyright 2023 HiCentral MLS, Ltd Leave your opinion here. The median income sits at a sizable $109,620. The median income in the area comes in at an eye-popping $112,385. And the median monthly rent is an affordable $1,069. What To Know. 68-1793 Puu Nui St Waikoloajust sold for $912K located at , Yes, this is an adorable ocean view, fee simple, vacation rentable condo, fully furnished and ready to go for $229,000 , New Condo Development in Honolulu An exciting new condominium opportunity is now unfolding in the Moiliili neighborhood of urban Honolulu. The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. 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. One note: We restricted this list to single parcels as defined by the county tax offices. Can It Bounce Back? Hawaii. The property is a three-bedroom, two-baths house sitting on one acre. With dark wood works, and modernized design, this is a one-of-a-kind residence that is steps away from the ocean. Average rents in Honolulu cost an average of $2,528. Rocky A/Flickr. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. Discovery, Inc. or its subsidiaries and affiliates. 5. If youre looking at the cost of living numbers in Hawaii, this is an accurate list of the most affordable places to live in Hawaii for 2022. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. 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. The luxe interiors of the eight-bedroom home give off an Indonesian vibe. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. 23). Not Really. Hawaii as a whole runs about 75% more expensive that the U.S. standard. It has been provided by sources other than the Realtors Assoc. Kilauea, HI (realtor.com) 3. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. 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. Keep reading. The two guest pavilionshaveking bedrooms, full bathrooms, andlanais. Homes For Sale New Homes Most Expensive Homes. 4200 Anini Vista Dr Unit D, Kilauea, HI. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. Consisting of 10 separate parcels, this park-like estate is truly a private compound. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. 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. 3. This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. Copyright 2023 House Grail. Meanwhile, the pandemic has created a "seesaw effect" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas. The interior is just amazing and wonderful. And the other is a one-bedroom/one-bathroom guesthouse. It borrows greatly from 18th-century French architecture and mixes it with a pinch of modern Mediterranean buildings. For example, if the median household earns $100,000 and spends $40,000 on housing its actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. Charles Kip Thieriot, now retired, is a member of the prestigious family that founded and ran the San Francisco Chronicle, and was himself the president of Western Communications. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. What county in Hawaii has the lowest cost of living? Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. 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. Brokerage. 2023 Warner Bros. May we suggest a car dealership? Privacy is at the center of the villas main features as it has a green living wall surrounding the main entry points. 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. How things have changed. 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. 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. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. This house is the most famous building by the award-winning architect Peter Vincent. The distribution of these palatial properties is also illuminating. of Maui and should not be relied upon without independent verification. Privacy Policy. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');And if you already knew these places were cheap, check out some more reading about Hawaii and the cheapest places in the country: We finish our list of cheapest places to live in Hawaii in Hawaiian Paradise Park. While Waimea has all the usual island-y things to do, it also hosts a number of farmers markets that pull folks from near and far. The estate is close to three Championship Golf Courses and a five-star Wailea hotel. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. Antilia | Mumbai, India. . 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. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. Hawaii is a magical place to live or visit, but if you're planning a move to these beautiful islands, there are a few things you should know. Kailua Kona, The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). 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. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. 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. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. Population: 13,192Rank Last Year: 4 (Up 1)Home Price To Income Ratio: 5.8x (15th most affordable)Income To Rent Ratio: 62.8x (46th cheapest)More On Waianae: Real Estate|Cost Of Living. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. The home is now owned by Houston-based Fayez Sarofim. Subscribe now to get our freshest tips and ideas delivered to your inbox. Copyright 2016, Hawaii Information Service. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. Buckingham Palace | London, UK. Kamuela, Guests have included everyone from Prince to Michael Jackson and Mel Gibson. 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. Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). The consent submitted will only be used for data processing originating from this website. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. And if you dont find your favorite there, head to the bottom. So without any dues let's check out the most expensive homes in Hawaii. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . in Hawaii, Anini, Overlooking the water just across the bay from the Mauna Lani Resort, this wedge-shaped Kona property belongs to Toyota Motor Sales USA. 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. Grassy greens, sunny yellows, sky blues this space from HGTV Magazine is a force of nature. This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. 2015-2023 Chasing Chains, LLC. New Orleans real estate market gets a spotlight in the new HGTV series Selling the Big Easy.'. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. The 9 Most Expensive Homes in Hawaii 1. The house is situated within a short walking distance from the Kohaniki Clubhouse. 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. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. The county in Hawaii with the lowest cost of living is Maui County. Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. 1. We used data and science to determine which places in Hawaii go easy on your wallet. On the Hanalei bay is this iconic two-story home built in the early 1900s. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. The huge price is mainly based on the location on the waterfronts of Hanalei bay. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! The oceanfront property includes access to an 18-hole golf . Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. Used under license. Population: 26,358Rank Last Year: 8 (Down 1)Home Price To Income Ratio: 5.3x (9th most affordable)Income To Rent Ratio: 57.2x (18th cheapest)More On Ewa Gentry: Real Estate|Cost Of Living. It has a plantation model with a stretching green lawn and palm trees. 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. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. Its owned by H25A LLC, which has its Los Angeles office at the same address as Oaktree Capital Management, chaired by Howard Marks. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Well, there you have it. 6. 3 Beds. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 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. 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. If you're planning on staying in hotels during your vacation, the answer to "how much is a Hawaii trip" is going to be: "expensive". Its owned by Helen and Charles Schwab. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. These houses are not only magnificent but also worth living in. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. $1,150,000 Last Sold Price. Whether they are recently built or historical architectural marvels, you will surely fork out enormous cash for the following Hawaiian homes. The new buyers could potentially add more homes, athletic courts, pools, or whatever else their imaginations may come up with in this tropical paradise. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. 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. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. Oceanfront, The six-bedroom main house was built in 2001. Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. Inside The MOST EXPENSIVE House in Hawaii, USA! Built in 1996, the turnkey eight-bedroom estate features over 12,000 square feet of indoor and outdoor living spaces. Is it your dream to be right on the ocean? Asking price: $29,500,000. NUMBER ONE 1118 Ala Moana Boulevard, GPH 36, Honolulu | MLS #:201612214 $36,000,000 5 bedrooms 5 full baths 1 half baths 10,076 sqft If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. 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. Karen E Laine, Master Gardener and co-star of the HGTV hit series Good Bones, follows her true passion of renovating clients' outdoor spaces in the network's new special Good Bones: Better Yard. We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. 1. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). The property has recently, as of 2016, undergone repair and maintenance on areas such as roofing, painting, heating, and electrical work. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. 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. The most expensive regions in Hawaii, United States are: 96781, HI, United States $85,716/sqft. WELCOME HAWAII PROPERTIES $41,900,000 7 bds 10 ba 6,645 sqft - House for sale 3D Tour 7505 Makena Rd, Kihei, HI 96753 WELCOME HAWAII PROPERTIES $33,900,000 7 bds 8 ba 10,500 sqft - House for sale 3D Tour 72-393 Kaupulehu Dr, Kailua Kona, HI 96740 COLDWELL BANKER ISLAND PROPERTIES - KONA $32,000,000 7 bds 9 ba 11,176 sqft - House for sale
"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? If you wish to report an issue or seek an accommodation, please let us know. Ownership at Kukio includes membership only golf on an 18-hole Tom Fazio championship golf course, two clubhouses with private member only dining, sports complex, and an indoor/outdoor spa. So, want to know where you can afford to splurge on the Big Kahuna Burger and still be able to cover your cost of living in Hawaii? Like much of the rest of the island, it has a resort atmosphere. Here are our top picks for Hawaii residents on a budget: 1. The house known as Peace Harbor on West Lake Okoboji has no equal in the area. And real estate developers have not disappointed in erecting building designs that define architectural eras to marvel and excite those few who are lucky to call these resorts home. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. If you remember correctly, we mentioned that the housing prices are very high in Hawaii. This luxurious property occupies just over one acre. The median rent comes in at $1,552 per month. Here, the land definitely outweighs the house. Hawaii Most Expensive Home Comes With a Secret Private BeachVisit Our Website for More Luxury Architecture: https://www.luxury-architecture.netHawaii's Most . The average home value in Hickam Housing is $0, the lowest in the state. This oceanfront Kukio property grabs the No. 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. The median home price in Wailuku is $463,500, which is higher than the rest of the nation but still lower than the average price in Hawaii. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Pete has been working in the trades since high school, where he first developed a passion for woodworking. (And shes got a few other irons in the fire as well.). . The cost of living in Hawaii is 20.0% higher than the US average. 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. This cost varies depending on the size, type, and location of the property. The 15.33-acre property comes with one main house, two guest pavilions, and a caretakers residence. Iowa's typical house costs $183,418 and is 1,550 square feet. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. There are many gorgeous listings available in this area, but one of the most expensive homes currently available is Mylestone at Meadow Lane, located in Southampton, New York. The median home value in the community stands at $635,900. Palauea Beach: Newly constructed in West Maui, this contemporary four-bedroom beach house, which comes fully furnished, includes a lanai, high ceilings, and custom craftsmanship throughout. Homes, This luxury property sits on a 7,000 sq ft parcel of real estate. Using public records collected by Title Guaranty Hawaii, Top Most 10 compiled a list of Hawaii's expensive homesexclusive compounds filled with sprawling swimming pools, personal tennis courts and stunning oceanfront views, places for which the annual property-tax bill runs a . Hanalei, 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). Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. Editors Note: We updated this article for 2022. 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 community stands as the number 9 most affordable spot in Hawaii. This property recently appeared on the market for the first time in more than 30 years. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. 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. To be honest, many of our most affordable Hawaii places are on also on our best places to live in the Paradise of the Pacific. A Balinese and Hawaii-inspired beachfront home in Keawakapu, Maui is on the market, listed at $38 million. Learn more. Finally, you will get a poolside bar alongside a spa and a four-car parking space. This ocean bluff estate is located on the North Shore of Kauai above Anini Beach. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. 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. A 6 BD home with 5 BA and 3 half baths, and over 9,500 SF of living space, sitting on 6.41 acres. Take a half-hour drive through the middle of the island and youll arrive at Honolulu, the states capital and its biggest city. The current home on property is a little under 4,000 SF and was built in 1946 (and since renovated) and has 7 bedrooms and 4 baths. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Homes in Waimea go for about $462,800, the eighth lowest in the state. Over 7 acres of land, and 1,000 feet of ocean frontage, with a 7 BD/7.5 BA 10,000 SF home. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. Population: 11,379Rank Last Year: 7 (No Change)Home Price To Income Ratio: 5.1x (4th most affordable)Income To Rent Ratio: 49.9x (52nd cheapest)More On Nanakuli: Real Estate|Cost Of Living. For this reason, look for a house that is elevated on the island. 4.
It had been remodeled as recently as 2004, when it was bought for that $15.2M in 2015. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. 2590 Kauapea Road, Kilauea, Kauai (MLS# 286218). This information is believed to be accurate. That would be the cost of a mansion in most other parts of the country, but its about par for the region. Surprising? According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. The remote Hawaiian island of Lanai, the only state in the fire as.... Kilauea, Kauai ( MLS # 286218 ) by Houston-based Fayez Sarofim the States capital and today. Of November 2022 ) with outdoor lava rock showers remember correctly, we mentioned that Housing! Topped the list size between 1 and 12 bedrooms with an average $! 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