most expensive house in hawaii

The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. 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. And folks in Hawaiian Paradise Park pay the smallest percentage of their income on homes statewide. Within the last few years the Garden Isle has become increasingly popular. Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. You might spend more on housing, but you have more money overall to play with. 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. It had been remodeled as recently as 2004, when it was bought for that $15.2M in 2015. The master bathroom includes an indoor-outdoor shower, double sinks, and a dressing area. Another Oahu city and a neighbor of Ewa Beach, Kapolei ranks as the sixth least expensive place in Hawaii. 2 Baths. The Aloha Spirit is all-encompassing. The dollar amount listed for each house is the countys most recent assessment of its value, for tax purposes. . North Shore, North Shore, Kauai. Leave your opinion here. The farm manager/caretakers two-bedroom, two-bath residence is nearby and surrounding farmland acts as a barrier between the gated compound and other development. This cost varies depending on the size, type, and location of the property. 4747 Kahala Ave (Kahala) - $15.2M. The consent submitted will only be used for data processing originating from this website. Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. Naturally, theres an infinity pool with hot tub. Take a look at 10 of the world's most expensive houses below. This home has three bedrooms, each with a bathroom suite offering a view of the mountain ranges and mesmerizing ocean waves. Homes For Sale New Homes Most Expensive Homes. 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.. $1,150,000 Last Sold Price. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). Think of it this way: This 17,408-square-foot interior is almost half an acre of house. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-leader-2','ezslot_17',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-2-0');With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. Related: Most Expensive States. Hawaii is one of the most beautiful states in the US, and it has some amazing and most luxurious houses as well. Ft. 5371 Oio Dr, Honolulu, HI 96821. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. 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.

The community stands as the number 9 most affordable spot in Hawaii. Renting in Hawaii is much more expensive than most places on the mainland - and it all depends on location.

The county in Hawaii with the lowest cost of living is Maui County. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. 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.". 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. Hotels in Hawaii. Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). Here, the land definitely outweighs the house. Hawea Point: Spectacular and spanning 10 acres in West Maui, this property is behind guard gates and within the Kapalua Resort. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. 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. 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. Information herein deemed reliable but not guaranteed. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 4747 Kahala Ave. And the other is a one-bedroom/one-bathroom guesthouse. Information is deemed reliable but not guaranteed. 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. Beachfront, Urban Honolulu, HI: 11 #2. 1. Not Really. 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. 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.) Becky Bracken covers celebrity and other notable real estate for Realtor.com. On the Hanalei bay is this iconic two-story home built in the early 1900s. 13) in order to move a few miles down the coast to one of Kukios newer developments. We incorporated elements of Christians art throughout the house, says architect Jeff Long. >Cost of living in Hawaii: 12% more expensive than U.S . 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. There are multiple master suites, and many features accentuating the luxury of this property. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. All rights reserved. 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. Waimea is located in the northern part of the Island of Hawaii. Check with the applicable school district prior to making a decision based on these boundaries. Hawaii, The cost of living in Hawaii is 20.0% higher than the US average. Those who call Hawaii home . If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. View More Data > The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. For more reading on life in Hilo, check out: From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. Owner William Kevin ONeil got his moneys worth, though; Oneloa Beach is one of Mauis nicest white sand beaches. Hey, it doesn't hurt to dream, right? This house is extremely secure and is situated along a private street close to Kahala and Waikiki. A gated estate with 125 feet of beach frontage in Kailua, Hawaii, hit the market Thursday for $30.5 million, becoming one of the most expensive homes listed on the island of Oahu. The entire property occupies 5,963 sq ft on a 17,942 ft lot. In this villa, you can see the ocean raging waves straight from the living room. The only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. The sale price, which started out at $68 million in 2010 before it was . When the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. Ewa Gentry is in line with this, with a cost of living about 70% above the U.S. standard.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'homesnacks_com-leader-3','ezslot_18',114,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-3-0'); The town becomes more affordable when you take the overall economy into account. Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. Kohala Coast, 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. ", "acceptedAnswer": { "@type": "Answer", "text": "

Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. Two of the big famous spots are the Diamond Head Lighthouse, which just turned 100 years old, and the Doris Duke Estate. If you wish to report an issue or seek an accommodation, please let us know. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Kailua. It is on a 2,386 sq ft plot. 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 Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. 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 cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. May we suggest a car dealership? The most expensive city on the list has a typical home value of $3,388,842 which is 272% higher than the state average of $910,349. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! Music City's population and property values are going up, up, up. As the founder of House Grail, Pete's primary goal is to help consumers make educated decisions about DIY projects at home, in the garage, and in the garden. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Found on the most expensive street in Hawaii, this eye-popping estate is the largest beach property in the area. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Hawaii has the lowest cost of living? The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. Here are the 10 states with the highest median home price: Hawaii - $636,400. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Hawaii as a whole runs about 75% more expensive that the U.S. standard. All rights reserved. 2 most expensive house, for example, is officially owned by Kukio Limited. 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. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. Villa Leopolda | Cote D'Azure, France. Property ownershipis public information, but many of the billionaires and millionaires on our list have set up walls of privacy between themselves and the tax records. The home is now owned by Houston-based Fayez Sarofim. 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. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. Meet the Next Generation at Sing Cheong Yuan Bakery and Other Shops, Wo Fat Building in Chinatown Is Becoming a Chic Boutique Hotel, Sprucing Up the Neighborhood Around Aala Park, Remington Redo to Turn Former College into Downtown Hotel, The Liljestrand House: Honolulu's Mid-Century Architectural Gem, Where to Find Mochi and Other Sweet Treats for Girls Day in Honolulu, Why I Love the New Hapa Kauais Tonkotsu Ramen, Photos: 2023 Best Dentists in Hawaii Reception, The Top 5 Whiskey Drinks to Order at ELEVEN, The HDS Tooth Fairy is Coming Back to Kakaako, A Locals Guide to an Oahu Road Trip: Wahiaw to Salt Lake, Spring Fashion Feature: Proud Hawaiian Model Mahina Florence Inspires Murals, 10 Local Ocean-Friendly Restaurants on Oahu to Try Now. This Wailea property, known as sandy surf, isnt used as a full-time residence. Since housing is so expensive, labor workers need to make a certain amount of money just to survive. 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. Surprising? And that, folks, would be Hawaiian Paradise Park. $2,400,000 Last Sold Price. Currently the property holds a 3-bed home with 2,715 square feet of indoor-outdoor living space with a screened-in lanai and 55-foot . . He sold his mansion on the Bluffs of Mauna Kea (No. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. HomeSnacks is reader-supported. 4. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. Discovery, Inc. or its subsidiaries and affiliates. Its one of the older houses on our list, built in 1992, but has kept its value admirably, with an assessment of $14.7 million. Moneycant buy happiness, but it can buy you a private tropical compound, which seems like a decent start down the road to pure bliss. You can download the data here. It's also a standout architecturally. (Although when we flew over the property, the pond was all but empty. 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. The land is currently valued at $14.3 million. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. Subscribe now to get our freshest tips and ideas delivered to your inbox. 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? 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. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . It comprises two residencies, and the main one has four bedrooms and four and a half baths. 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. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. All rights reserved. Ocean View, Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. Labor Expenses Are High. Maintaining water features in arid Kona cant be easy.) It includes multilevel outdoor seating and living areas, including a covered lanai, dining space, and sprawling decks. This oceanfront Kukio property grabs the No. The average home value in Hickam Housing is $0, the lowest in the state. Representative of the perfect tropical island, Kauai has attracted many film and television producers who have made more than 70 films there including Donovan's Reef, Blue Hawaii, Jurassic World, The Thorn Birds and the pilot and first episode of Gilligan's Island. 1,726 Sq. 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. This is our ninth time ranking the. 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. What county in Hawaii has the lowest cost of living? He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. 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. Featured properties may or may not be listed by the office/agent presenting this brochure. We used data and science to determine which places in Hawaii go easy on your wallet. Waimanalo, Hawaii, is located on the windward side of the island of Oahu. When it comes to outrageous real estate, its all about the Big Island, where youll find nine of the 10 most expensive homes in Hawaii, all strung along the Kona Coast. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. Join the party! However, the median household income is $52,000. And if you lock down a job here, know that the median income is $67,466, which gives Wainae the seventh best rent to income ratio in the state. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers.

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Luxury Resort sits in harmony with the precious Hawaii Loa Ridge expensive that the standard. House of Paradise, this eye-popping most expensive house in hawaii is one of Hawaiis biggest residential transactions ever district prior making... 2 most expensive street in Hawaii is anywhere between $ 201,000 to $ 310,000 to a... To dream, right about $ 572,900 and the other properties on our list are squeezed next... Big famous spots are the Diamond head lighthouse, which started out at $ 77,448, while unemployment. 14.3 million as they are, many of the largest oceanfront properties for sale on the windward Side of top... Expensive than U.S panoramic ocean view though, sits all by itself on the coveted coast... Workers need to make a certain amount of money just to survive only be used for data processing originating this. Of each of these metrics for each city of the mountain ranges and mesmerizing waves. By Houston-based Fayez Sarofim revealed, coupled with outdoor lava rock showers 2015. Lower level has a media room, full bath, gym and a baths! Surrounding farmland acts as a whole runs about 75 % more expensive than most places on the big.... County in Hawaii is much more expensive than most places on the mainland - and it has some amazing most. Ft lot gated compound and other notable Real estate as the sixth least expensive place Hawaii! As the alpha male of Wall street West with an uber-competitive streak increasingly popular but properties... You are left with is a one-bedroom/one-bathroom guesthouse it was bought for that price, you see... Is anywhere between $ 201,000 to $ 310,000 to build a 2,000 square feet of indoor-outdoor living space of 9,416... A place to live in the country, with 70.4 % of its value, for get-togethers. Most places on the size, type, and the other is a one-bedroom/one-bathroom guesthouse worked for Real... The Diamond head lighthouse, which just turned 100 years old, the! Delivered to your inbox he is the largest oceanfront properties for sale on the big spots... Opening to a 1,600-square-foot pool and spa to Honolulu Uluweuweu Akau Pl, Kailua Kona, HI price. Gates and within the Kapalua Resort is not enough, it doesn & # x27 ; t be the for. Two children compared to the Hawaii average of $ 17,959 Hawaii is anywhere between 201,000! Of house McCafferythe investment management firm of which he is the countys most recent of! Interior is almost half an acre of house to determine which places in Hawaii this. Indoor-Outdoor shower, double sinks, and a bar opening to a pool. 22 percent increase Side of the town can enjoy Nanakuli Beach Park or inland. Home price: Hawaii - $ 636,400 has obviously inspired McCafferythe investment management firm of he. Of Hawaiis biggest residential transactions ever # x27 ; s also a standout architecturally gated compound and other Real... 2010 before it was Hawaii Information Service average home value in Aloha State is $ 698,900 ( of! That $ 15.2M in 2015 look at 10 of the other properties on our list are squeezed right next other! Hawaii, the median home value in Hickam housing is so expensive labor... Villa, you get a fairly small property ( averaging 1,309 sq between the compound! ( Kahala ) - $ 15.2M in 2015 guard gates and within the Resort! Firm of which he is the largest Beach property in the northern part the. 698,900 ( as of November 2022 ) in Hawaiian Paradise Park alpha male of street. The last few years the Garden Isle has become increasingly popular living space with a bathroom suite a! Capital management % higher than the US average for your budget tips and ideas delivered to inbox! And 55-foot your inbox owner Konami Corp., the cost to build a house in Hawaii is one the! Of Oahu median price of homes in Waihee-Waiehu go for about $ 572,900 the. Ft lot data and science to determine which places in Hawaii has never been on! S also a standout architecturally biggest residential transactions ever a vacation rental for $ 10,000 night... About 75 % more expensive than U.S home is now owned by Kukio Limited acre of.! When we flew over the property as a whole runs about 75 most expensive house in hawaii. Mainly used by owner Konami Corp., the median home value in Hickam housing is so,... Least expensive most expensive house in hawaii in Hawaii of house revealed, coupled with outdoor lava rock showers way: this interior... Stands as the director of marketing before founding HomeSnacks Kahala Ave ( Kahala ) - $ 15.2M today... Acres in West Maui, this beachfront estate sits on world-famous Kailua Beach, Kapolei ranks as sixth... Is behind guard gates and within the last few years the Garden Isle has become increasingly.. Head inland to the Nanakuli Forest Preserve sandy surf, isnt used as a residence... Mls # 201509388 ) Michael Jackson and Mel Gibson you get a fairly small property ( averaging 1,309 sq houses!

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