Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. 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. 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. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. 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. 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. 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. These houses are not only magnificent but also worth living in. Get product recommendations from HGTV editors, plus cant-miss sales and deals. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved SOLD JUN 3, 2022. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. 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. Photo: 360 Property Photos. 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. The entire property occupies 5,963 sq ft on a 17,942 ft lot. The average price of a budget hotel can range from $130 - $165 per night. Hilo is a major tourist destination thanks to being the principal city on the Island of Hawaii. Kaneohe. 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. The .7-acre lot is assessed at $13.3 million. Hawaii is the most expensive state in the country to live in, according to World Population Review rankings. Kauai's 15-acre Hale 'Ae Kai estate, with postcard views of the ocean and private steps down to Secret Beach, is currently the most expensive house for sale in the state of Hawaii at $70 million. So we used that cost of living index in order to rank all of the 51 places in Hawaii that have more than 5,000 people. Weisel is a three-time world masters cycling champion. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. 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. Like much of the rest of the island, it has a resort atmosphere. Are Shipping Container Homes Legal In North Carolina? You can't put a price on these beach views. Kailua Kona, Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. 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. 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. We used data and science to determine which places in Hawaii go easy on your wallet. Keauhou at Makena estate: Built in 2007, this nearly 6,000-square-foot home sits on 3 gated acres of lush tropical grounds, perched above Palauea Beach in Maui. Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). The entry door is an 11fts double glass door with a wrought iron scroll framing: the exterior features 30,855 sq ft free land for further development. Overlooking the water just across the bay from the Mauna Lani Resort, this wedge-shaped Kona property belongs to Toyota Motor Sales USA. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilaueaestate situated atop a seaside bluff on the north side of the island of Kauai. 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. . 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. Generally, the lowest housing costs are on the Big Island, which is considered the cheapest Hawaiian island to live on. And they get these natural wonders on the cheap. This luxurious property occupies just over one acre. Waimanalo, Hawaii, is located on the windward side of the island of Oahu. This incredible coastal house was built in 2004 and is located next to the famed Shangri La estate. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. In Hawaii Kai the median sale price for homes on the market is about $1.5m, however, high-end properties can be listed at a much higher price point. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. When you buy via links on our site, we may earn an affiliate commission at no cost to you. The average living wage in Maui County is $103,095 . And if you dont find your favorite there, head to the bottom. Featured properties may or may not be listed by the office/agent presenting this brochure. The beaches in Hawaii make for some of the most serene waterfront views that any homeowner would be lucky to have. The huge price is mainly based on the location on the waterfronts of Hanalei bay. Don't miss HGTV in your favorite social media feeds. Please switch to a supported browser or download one of our Mobile Apps. There are beaches and golf courses to wile away the hours. Is it your dream to be right on the ocean? The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. 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. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. Two of the big famous spots are the Diamond Head Lighthouse, which just turned 100 years old, and the Doris Duke Estate. This exquisite modern Tudor-style mansion has quite the price tag with a listed price of $175 million. ", "acceptedAnswer": { "@type": "Answer", "text": "

Rena Behar is a writer and editor living in Brooklyn. It has a plantation model with a stretching green lawn and palm trees. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. No, were talking about luxurious locations with private beaches, lanais, infinity pools, tennis courts, and guest cottages for family and friends. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Hawaii, Living in Hawaii is so expensive that more . Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. 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 the Strong family are not in residence, they lease the property as a vacation rental for $10,000 a night. Related: Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. For starters, the median rent in Kapaa is $1,541, well below the statewide average. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. Kauai, Renting in Hawaii is much more expensive than most places on the mainland - and it all depends on location. The average living wage in Maui County is $103,095 according to MIT data. Perched on Kauai's North Shore in Kilauea above Kalihiwai Bay, you can see 180 degrees, Namahana Mountains to Kalihiwai Valley and the ocean beyond. Hawaii. The iridescent tile pool and spa are a luxurious way to soak in the postcard-perfect ocean views beyond. All rights reserved. With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. Learn more. Think of it this way: This 17,408-square-foot interior is almost half an acre of house. The town represents the number 7 most affordable spot to live in the state. Surprising? It includes a swimming hole, barn, covered arena, main house, ranch managers house, and many more features. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. TV Showrunner John Wells Selling $40.5M Ranch on Kauai's North Shore, Barack Obama's Childhood Home in Honolulu Sails Onto the Market for $2.2M. ft.). The most expensive city on the list has a typical home value of $3,779,877 which is 319% higher than the state average of $902,175. In this villa, you can see the ocean raging waves straight from the living room. The house is situated within a short walking distance from the Kohaniki Clubhouse. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Hawaii has the lowest cost of living? 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. The community stands as the number 9 most affordable spot in Hawaii. 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". How Much Is Car Insurance in Virginia in 2023? Population: 7,236. All rights reserved. And for sure, you will be taken in by the infinity pool and spa area, all sitting on the 8,251 sq ft of luxury living. All rights reserved. Buyouts have been good for Roberts: Forbes ranked him No. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. 1. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? of Maui and should not be relied upon without independent verification. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. For buyers on the huntfor luxurious island property (and who isnt, really) and who have always wanted the opportunity to run into Mark Zuckerberg ontheir way to pick upa morning coffee, this may betheir opportunity. Waimea is located in the northern part of the Island of Hawaii. 2 most expensive house, for example, is officially owned by Kukio Limited. While the competition was fierce, there can be only one number one most affordable to live in Hawaii for 2022. Hawaii as a whole runs about 75% more expensive that the U.S. standard. Black Rock: Also on Maui, this estate, built in 2000, is situated on just under an acre of beachfront property. It comprises two residencies, and the main one has four bedrooms and four and a half baths. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Mauna Lani Resort, Labor Expenses Are High. You might spend more on housing, but you have more money overall to play with. 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. 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. 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. Hilo. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. 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. The two guest pavilionshaveking bedrooms, full bathrooms, andlanais. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. #luxuryhometour #ma. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. 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. 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. 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. The house was finished in 2015 and is one of the most recent residential constructions on the renowned Kailua Beach. 96779, HI, United States $40,975/sqft. 13) in order to move a few miles down the coast to one of Kukios newer developments. The property integrates the newest home technology with a modern entertainment unit and electric car charging docks. Ifwhats there isnt quite enough, theres room on the property to keep on building.

Artist Christian Riese Lassen is known for his paintings of vibrant oceanscapes and sparkling dolphins, and his Kapalua home is inspired by that Technicolor turquoise aesthetic. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. Zillow, Inc. holds real estate brokerage licenses in multiple states. Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. Kilauea, 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. Hawaii has the highest average rent in the United States at $2,399 a month. Using public records collected by Title Guaranty Hawaii, weve compiled a list of Hawaiis priciest homesexclusive compounds filled with sprawling swimming pools, personal tennis courts and stunning oceanfront views, places for which the annual property-tax bill runs a cool half-million. This estate is located on over 237 acres on Kauais North Shore. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. HomeSnacks is reader-supported. 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.

"}}]}. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. 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.

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