Population: 21,541Rank Last Year: 18 (Up 12)Home Price To Income Ratio: 5.2x (7th most affordable)Income To Rent Ratio: 57.6x (35th cheapest)More On Kapolei: Real Estate|Cost Of Living. Antilia | Mumbai, India. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Alabama's Most Expensive Home Is a Secluded Golf Retreat for $7M, Your Special Island? 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. This may be the hardest item on this list to believe. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. This estate is located on over 237 acres on Kauais North Shore. Homes, 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. 1995-2016 Honolulu Board of REALTORS. This luxurious property occupies just over one acre. Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. Your email address will not be published. Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. But, cultural assets aside, what are the most valuable homes currently on the market? That would be the cost of a mansion in most other parts of the country, but its about par for the region. Not only is the home located near shopping, dining, and recreation of all sorts, the views are spectacular and offer a daily sunset over nearby Hanalei. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilauea estate situated atop a seaside bluff on the north side of the island of Kauai. Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. Hanalei, Grassy greens, sunny yellows, sky blues this space from HGTV Magazine is a force of nature. However, the median household income is $52,000. Kauai, Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). Hilo Hilo is the largest city on the Island of Hawaii. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. 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. Located on the coveted Kohala Coast of Hawaii, this estate is one of the largest oceanfront properties for sale on the Big Island. As you go through the entrance, a manicured lawn and pathways are revealed, coupled with outdoor lava rock showers. Molokai . 5. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. This diamond of a property belongs to Bandel and Paula Carano. All rights reserved. This property recently appeared on the market for the first time in more than 30 years. What county in Hawaii has the lowest cost of living? The interior is just amazing and wonderful. 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. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! This luxury property sits on a 7,000 sq ft parcel of real estate. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilauea estate situated atop a seaside bluff on the north side of the island of Kauai.. Diamond Head Average sales price / interior square foot - $868.00 Data based on 35 homes sold over the past 2 years. For more information on any of these listings, please contact Roni Marley, RB at 808.652.1006, Posted on The median home value in the community stands at $635,900. 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. The median income in the area comes in at an eye-popping $112,385. This is one of the few properties on our list that sold for less than its assessed value. 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. 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. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. 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. Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. 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. 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. 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. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. His other interests include astronomy, hiking, and fishing. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. 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. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. Here are the 10 states with the highest median home price: Hawaii - $636,400. Oceanfront, The city offers a number of amenities and attractions but is not as luxurious or eye-catching as Honolulu. You can download the data here. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. The new buyers could potentially add more homes, athletic courts, pools, or whatever else their imaginations may come up with in this tropical paradise. (Although when we flew over the property, the pond was all but empty. 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. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Hawaii has the lowest cost of living? The median price of homes in December 2021 was $1.06 million, a 22 percent increase . 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. He sold his mansion on the Bluffs of Mauna Kea (No. Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. This villa is one of those classic luxury homes; it comes with a swimming pool, a spa, a modern entertainment room, and a fully furnished kitchen. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. So without any dues let's check out the most expensive homes in Hawaii. California - $538,500. Oahu, Below are the top 10 most expensive homes currently for sale in Hawaii: 10. The property integrates the newest home technology with a modern entertainment unit and electric car charging docks. 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. Oftentimes near the ocean or overlooking the ocean. SOLD JUN 3, 2022. And that, folks, would be Hawaiian Paradise Park. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. Hawaii Average House Price (Median Home Price) The value of an average median home is $860,000, making it the most expensive state. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools 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. Iowa's typical house costs $183,418 and is 1,550 square feet. OCEANFRONT SOTHEBY'S INTERNATIONAL REALTY, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. The home is now owned by Houston-based Fayez Sarofim. For Sale, Perhaps its time for mainlanders to consider a move, whether short-term or permanent. Asking price: $29,500,000. Hawaii also has one of the nation's highest median incomes at $80,729 annually. House Grail is reader-supported. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. We assembled a similar list in 2005, limited to the City and County of Honolulu. While the competition was fierce, there can be only one number one most affordable to live in Hawaii for 2022. $11,850,000 If you really want to see Hawaii, few houses make that "mansions" are better than this four-bedroom, 5,000-square-foot beauty. You can email me at inquiry@hawaiilife.com or via phone at (808) 370-3848. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. This browser is no longer supported. 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. 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. Homes in Waihee-Waiehu go for about $572,900 and the mediant rent is $1,446/month. The average price of a budget hotel can range from $130 - $165 per night. What is eye-catching, however, is the median home value. 4747 Kahala Ave. This one is really well done. This house looks out onto Kukios South Pond, and then onto the ocean. 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. Its lot 1A, the premier parcel in the private, luxury residential community of Kukio. The most expensive listing in Hawaii is a part of the Kukio Golf and Beach Club, a private community on the west coast of the Big Island. Weisel is a three-time world masters cycling champion. 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. Shes contributed to Wirecutter, Groupon, Texas Monthly, and other publications. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . Maintaining water features in arid Kona cant be easy.) 1,726 Sq. Big Island, In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. Beachfront, Honolulu. Some of the most luxurious and breathtaking homes in the world are in Hawaii. The median income sits at a sizable $109,620. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. Please switch to a supported browser or download one of our Mobile Apps. Hawaii has the highest average rent in the United States at $2,399 a month. The No. Villa Leopolda | Cote D'Azure, France. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Come See the Beautiful Bali Hai Villa in Hawaii, Former NBA Coach Don Nelson Lists Stunning Hawaii Home for $15M. And they get these natural wonders on the cheap. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. 9. 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. By definition, that implies Hilo ranks as the #645 most expensive place in the Aloha State. Luxury, This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. There might be some that surprise you. It is casually referred to as Hale Palekaiko, meaning House of Paradise. Ifwhats there isnt quite enough, theres room on the property to keep on building. Theres even a small farm on one corner of the lot, which grows palm, citrus, and coconut trees. The median rent comes in at $1,552 per month. Here are the ten most expensive homes for sale in Urban Honolulu right now. S Kalaheo, Kailua, Oahu (MLS# 201510589), Hale Komodo is located beachfront on Oahus famed North Shore. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. Average rents in Honolulu cost an average of $2,528. But this is Hawaii, where property is expensive. You can find out more about him on LinkedIn or his website. It has a plantation model with a stretching green lawn and palm trees. ", "acceptedAnswer": { "@type": "Answer", "text": "

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. Nearly every room includes a large picture window to take in the views, including vistas of Hawaiis classic turquoise surf, volcanic mountains, and the historic Kilauea lighthouse. Is it your dream to be right on the ocean? 4. Naturally, theres an infinity pool with hot tub. The house by the lighthouse is also where the head of the Coast Guard for Hawaii lives. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. 4508 Makena Rd, Kihei, HI.

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