In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. For questions concerning these issues, consult with either the Hawaii Real Estate Commission, your Principal Broker, or an Attorney. Chock-full of amenities, such as a huge kitchen, media room, pool, and spa, the home is built to serve both as a quiet, private retreat and a place to entertain family and friends. Another Oahu city and a neighbor of Ewa Beach, Kapolei ranks as the sixth least expensive place in Hawaii. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. Hawaii Average House Price (Median Home Price) The value of an average median home is $860,000, making it the most expensive state. Currently operated as a business (Silver Falls Ranch), this property could be bought as an investment, by continuing the ranch commercially, or bought to enjoy your private equestrian retreat. The median income in the area comes in at an eye-popping $112,385. Homes in Waimea go for about $462,800, the eighth lowest in the state. Surprising? This sleek Kona abode belongs to Sandra Kurtzig, who Entrepreneur Magazine called the first lady of computers. Kurtzig founded ASK Computer Systems out of her apartment in 1972, selling inventory-tracking and business-information software, and turned her tiny startup into a heavy hitter with 91 offices in 15 countries. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. . Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. 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. Molokai . The oceanfront property includes access to an 18-hole golf . 2023 Warner Bros. 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. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. Perhaps its time for mainlanders to consider a move, whether short-term or permanent. Luxury, Larry Ellison doesn't just own a home in Hawaii he owns an entire island. 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. According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. Housing costs, defined as a blend of the average rent and average mortgage payment, are $21,264 per year in Maui County compared to $23,334 on average in Hawaii.

Hawaii as a whole runs about 75% more expensive that the U.S. standard. Manage Settings The cost of living in Hawaii is 20.0% higher than the US average. All rights reserved. Weisel has been described by the San Francisco Chronicle as the alpha male of Wall Street West with an uber-competitive streak. Its a drive that extends to athletic pursuits, as well. Zillow, Inc. holds real estate brokerage licenses in multiple states. The average home value in Hickam Housing is $0, the lowest in the state. Enjoy the view. Beachfront, It would be hard to find a more spectacular location for a dream home. These houses are not only magnificent but also worth living in. Editors Note: We updated this article for 2022. The Stone Mansion in Alpine New Jersey's most expensive home for sale has finally sold years after it was listed. 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. Hey, it doesn't hurt to dream, right? 5. However, the median household income is $52,000. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. 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. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? This information is believed to be accurate. Golf getaway: On the Big Island, this nearly 1.5-acre lot of oceanfront paradise comes with the opportunity to apply to the Kukio Golf and Beach Club. Pete has been working in the trades since high school, where he first developed a passion for woodworking. Becky Bracken covers celebrity and other notable real estate for Realtor.com. 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. Honolulu. Out of the 50 American states, Hawaii is the 8th smallest in size and the 11th least populated, but the 13th most DENSELY populated, with 1.4 . The house is situated within a short walking distance from the Kohaniki Clubhouse. Zip codes are ranked by the Zillow Home Values . 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. Hanalei, Music City's population and property values are going up, up, up. In fact, there are only six Oahu properties on the entire list. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. In any case, if you do settle down here, chances are youll have an awesome time sitting around a campfire at Kaloli Point, with all the mangoes and turtles your heart desires right at your feet. Copyright 2023 House Grail. He sold his mansion on the Bluffs of Mauna Kea (No. 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. The upper level has a 25-foot ceiling held by a curtain wall revealing the beautiful Waikiki beach line and dazzling city skyline at night. Is it your dream to be right on the ocean? See also Building Costs Per Square Foot in the State of Georgia, USA Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. View More Data > 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. Mauna Lani Resort, 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) 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). There are two guest cottages, a wine cellar, media room, office, pool, and spa. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. 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. His other interests include astronomy, hiking, and fishing. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. We and our partners use cookies to Store and/or access information on a device. The 9 Most Expensive Homes in Hawaii 1. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. 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. There is plenty of land to add outdoor sports courts or additional buildings. This 7 BD/8.5 BA home is over 8,000 SF and sits on a 36,000+ SF lot that is steps from the ocean. It's so expensive to live in Hawaii that the U.S. Department of Housing and Urban Development considers a family of four in Hawaii making under $93,000 a year to be "low income.". Your Email address will be kept private, this form is secure and we never spam you. Grab a mai tai, cue the ukulele music, and scroll through this exquisite list of properties filled with the aloha spirit, with plenty left over to spare. Short has been reported to be an extremely private person; hes managed to stay largely out of the spotlight as the president of Lone Star Funds, a global investment firm that manages private equity funds worth $24 billion, but not as owner of Sunderland A.F.C., a soccer team in England. Hawaii itself is extremely expensive, with the state as a whole costing about 75% more than the national average. Here, the land definitely outweighs the house. Point at Anini Vista: Perched on a bluff above Kauais North Shore, this nearly 7-acre sanctuary is home to a huge compound of living spaces. There are multiple master suites, and many features accentuating the luxury of this property. The sale price, which started out at $68 million in 2010 before it was . Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). Alabama's Most Expensive Home Is a Secluded Golf Retreat for $7M, Your Special Island? 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. 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. Update Privacy Preferences And its not hard to see why; Kapolei residents pay the seventh smallest proportion of their income on homes statewide. With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. This 28-acre ocean bluff estate has a 3 BD/3BA 2,200 SF home, 55 pool, gym, orchard, and a front row view of Kauapea or Secret Beach. The six-bedroom main house was built in 2001. The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. 4. $1,150,000 Last Sold Price. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. Of the eight main islands, Niihau, Kauai, Oahu, Maui, Molokai, Lanai, Kahoolawe and the Big Island of Hawaii, Kauai has always attracted people who enjoy lush vegetation, organic foods and hiking through the Moloaa Forest Reserve. The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. Kahului-Wailuku-Lahaina, HI: 9 #3. Just sayin. Take a half-hour drive through the middle of the island and youll arrive at Honolulu, the states capital and its biggest city. It costs $34,000 more on average to construct a new home than to buy one. in Hawaii, Anini, The cheapest housing market in Hawaii is Hickam Housing. Brokerage. The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. 145 Kailuana Loop, Kailua, HI. Get product recommendations from HGTV editors, plus cant-miss sales and deals. What county in Hawaii has the lowest cost of living? 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. 2590 Kauapea Road, Kilauea, Kauai (MLS# 286218). Oahu, All rights reserved. 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