"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? It also has an extended living space through the mahogany furnished doors. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. This property recently appeared on the market for the first time in more than 30 years. Leave your opinion here. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. Check with the applicable school district prior to making a decision based on these boundaries. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. 4747 Kahala Ave. 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 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. 1. Hanalei, As valuable as the oceanfront property is, the five-bedroom house is worth even more$14 million of pure luxury. Hawaii also has one of the nation's highest median incomes at $80,729 annually. 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. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. Enjoy the view. Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. (Although when we flew over the property, the pond was all but empty. The Faye property is the largest piece of property currently for sale oceanfront, on Hanalei Bay at 2.01 acres. Buckingham Palace | London, UK. First, lets put that statement into context. In one of the most anticipated series premieres in HGTVs new season lineup, home renovation star Alison Victoria heads to her home town of Chicago to restore vintage homes in the citys historic neighborhoods. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. Grassy greens, sunny yellows, sky blues this space from HGTV Magazine is a force of nature. So, if you care about home values and affordability, take a look at the list below to see where your Hawaii dollar will go the furthest. Traditional Western elements meet contemporary style in this Jackson Hole homestead designed by Ward+Blake Architects and inspired by the water, trees and mountains that surround it. 4747 Kahala Ave (Kahala) - $15.2M. Built and owned by former co-chief executive of Morgan Stanley's operations in the Asia-Pacific region, William H. Strong, the 11,708-square-foot house is made up of Balinese-style pavilions on a bluff overlooking the Pacific Ocean and Kilauea Lighthouse. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). The median rent in the area comes in at $1,327 per month. The 15.33-acre property comes with one main house, two guest pavilions, and a caretakers residence. 5. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. 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. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. Zillow, Inc. holds real estate brokerage licenses in multiple states. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. The distribution of these palatial properties is also illuminating. 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. of Maui and should not be relied upon without independent verification. 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. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. All rights reserved. This house looks out onto Kukios South Pond, and then onto the ocean. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. In fact, residents of Waihee-Waiehu pay the eighth lowest percentage of their income on homes, and the third lowest on rent. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. For this reason, look for a house that is elevated on the island. 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. The consent submitted will only be used for data processing originating from this website. Asking price: $29,500,000. And the median monthly rent is an affordable $1,069. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). Copyright 2023 HiCentral MLS, Ltd California - $538,500. There are two guest cottages, a wine cellar, media room, office, pool, and spa. For both sets of people and everyone in between, Hilo has the second cheapest homes for sale in Hawaii, with a median price tag of $341,500. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. How things have changed. 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 only thing Hawaiian Paradise Park doesnt have going for it is affordable rent, which keeps it from a higher position on this list. This diamond of a property belongs to Bandel and Paula Carano. Villa Leopolda | Cote D'Azure, France. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. 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. Population: 10,969Rank Last Year: 3 (Down 2)Home Price To Income Ratio: 4.8x (2nd most affordable)Income To Rent Ratio: 54.7x (39th cheapest)More On Waimea Cdp (Hawaii County): Real Estate. This year, Forbes ranked Michael Dell as the 37th richest person in the world, with a net worth of $13.5 billion. This magnificent 6 bedroom 6 1/2 bathroom with over 5,530 ft. of living space. 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. Enjoy an exquisite two-story glass window view, a private pool, an all-service spa, a fully stocked gym, and an elevated dining place. . Update Privacy Preferences It includes a swimming hole, barn, covered arena, main house, ranch managers house, and many more features. 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 . The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. On the flip side, Waimea is less affordable for renters, so youre best off buying here. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. Homes in Waimea go for about $462,800, the eighth lowest in the state. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. It's also a standout architecturally. Hawaii is one of the most beautiful states in the US, and it has some amazing and most luxurious houses as well. in Hawaii, Anini, This exquisite piece of architecture was designed by James Cheng, while Tony Ingaro did the interior decorations justice by bringing out its elaborate fixtures and finishes. Surprising? It is a quite good way to save some money. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. Here are the top ten most expensive homes currently available for purchase in Kaneohe (Oahu). Waimanalo, Hawaii, is located on the windward side of the island of Oahu. Kauai, Ifwhats there isnt quite enough, theres room on the property to keep on building. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. This estate is iconic, and has the old feel of open space and landscaping of plantation days. Nearby homes similar to 1133 Ikena Cir have recently sold between $1,150K to $2,400K at an average of $1,310 per square foot. Data is deemed reliable but is not guaranteed accurate by the MLS. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. Rocky A/Flickr. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). Here are our top picks for Hawaii residents on a budget: 1. $1,150,000 Last Sold Price. Iowa's typical house costs $183,418 and is 1,550 square feet. Located on the sunny Kona side of Hawaiis Big Island, this 6 BD/7.5 BA home sits on 1.3 acres within Kukio, an oceanfront private club. The bar starts at $16 million and goes up from there. Privacy Policy. Browse through Hawaii cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the . It has a plantation model with a stretching green lawn and palm trees. According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. Kauai, alternatively known as the Garden Isle, is geologically the oldest of the chain of main Hawaiian islands. Here are the 10 states with the highest median home price: Hawaii - $636,400. The average price of a budget hotel can range from $130 - $165 per night. The property is a three-bedroom, two-baths house sitting on one acre. 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. Like much of the rest of the island, it has a resort atmosphere. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 4. Editors Note: We updated this article for 2022. 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. Hawaii is also one of a few US states to have once been an independent nation. Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). You can step into the front yard and dive into the pool for an in-house immersion. It includes multilevel outdoor seating and living areas, including a covered lanai, dining space, and sprawling decks. Luxury, Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. The Diamond Head Villa features two outdoor BBQs, a spa, two sun decks, and a private pool. More importantly, if you choose to live in one of Hawaiis most affordable places, you will have plenty of extra money to do the fun things that Hawaii offers. For awesome views of Mount Waialeale and jungle valleys, definitely check out the Kuilau Ridge Trail in Kapaa.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'homesnacks_com-leader-4','ezslot_19',115,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-4-0'); Population: 9,961Rank Last Year: 6 (Down 4)Home Price To Income Ratio: 6.2x (2most affordable)Income To Rent Ratio: 60.1x (17th cheapest)More On Kapaa: Real Estate|Cost Of Living. 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. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef's kitchen, office and bedroom suite. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. The true value in this property is the expansive amount of acreage included in purchase, which has rights to 3 additional homesites and a guest house. The cheapest housing market in Hawaii is Hickam Housing. Its currently being used as a short-term rental and comes with access to Kaanapali Resort amenities. Though we can't crown a #1 Most Expensive Neighborhood definitively, you're guaranteed it's in here, along with 10 more that tie for #2. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. Overlooking the water just across the bay from the Mauna Lani Resort, this wedge-shaped Kona property belongs to Toyota Motor Sales USA. Hawaii, HI Luxury Homes For Sale 788 Luxury Homes & Mansions Available Tile Sort by Price (high to low) 30 4408 LAWAI RD, Koloa, HI 96756 3 Beds 4 Baths 2,786 Sqft 0.74 ac Lot Size Residential $30,000,000 USD View Details 22 123 Kailuana Loop, Kailua, HI 96734 8 Beds 11 Baths 11,545 Sqft Residential $29,420,000 USD View Details 15 Moreover, the resort faces the Rees Jones golf course and has numerous walkways to the beach. Below are the top 10 most expensive homes currently for sale in Hawaii: 10. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. 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 average living wage in Maui County is $103,095 according to MIT data. 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. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Hawaii has the lowest cost of living? Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). The four-bedroom home, built in 2004, has been featured in both Forbes and Architectural Digest magazines. There are multiple master suites, and many features accentuating the luxury of this property. House Grail is reader-supported. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Kai Moena, "House of the Resting Sea," listed for $30 million, is the most expensive home currently available on O'ahu. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. Kailua Kona, You can't put a price on these beach views. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. 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. What Makes Diamond Head Special: Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. The 15.33-acre property. 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.
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. 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. Average rents in Honolulu cost an average of $2,528. This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. Kamuela, The 60,000-square-foot property is . The Keahou has five bedrooms and four full baths in resort-style, perfect for entertaining family and friends. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. Hawaii as a whole runs about 75% more expensive that the U.S. standard. With access to Kaanapali Resort amenities with outdoor lava rock showers while the same would fetch $ 625,500 on.... 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