What Makes Diamond Head Special: The median rent comes in at $1,552 per month. 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. Don't miss HGTV in your favorite social media feeds. . Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. At $24 million, it's one of the more expensive homes in the area. Built in 2001, the home has its own name, Kai Moena, which translates to House of the Resting Sea. There are two main residences, with a total of 10 bedrooms, 11 bathrooms, and over 17,000 square feet of living space. 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 land is currently valued at $14.3 million. This luxury property sits on a 7,000 sq ft parcel of real estate. 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. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. The previous record for the most expensive single-family home sold in Hawaii belonged to a Maui estate that sold for $41.8 million in 2015. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). (There are no lots 2 and 3Dell combined three 1-acre parcels.) To spark island vibes, we started at the topas in the absolute pinnacle of Hawaiian real estate.

"}}]}. Naturally, theres an infinity pool with hot tub. 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. We aim to deliver bite-sized pieces of infotainment about where you live. How did we determine the most affordable place in Hawaii? Finally, you will get a poolside bar alongside a spa and a four-car parking space. Kilauea, One of a series of affluent housing developments built on the western side of Pearl Harbor, Ewa Gentry, Hawaii, provides access to the good life. 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. Located on a little over an acre, this 3 BD/2.5 BA home is just steps from the Pacific Ocean. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. The cheapest housing market in Hawaii is Hickam Housing. 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. Related: The estate is close to three Championship Golf Courses and a five-star Wailea hotel. California - $538,500. If you do decide to settle down in Waianae, youre in luck, because it has the fourth cheapest homes in Hawaii. 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. 9 Bay Dr, Lahaina, HI Price: $37,500,000 Hawea Point: Spectacular and spanning 10 acres in West Maui, this. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. All rights reserved. Get product recommendations from HGTV editors, plus cant-miss sales and deals. For more information on any of these listings, please contact Roni Marley, RB at 808.652.1006, Posted on Kailua Kona, We know its hard to believe, but there is more to Hawaii than sunshine, surfing, and beach days. Kailua is home to one of Oahu's most stunning beaches, and, surprisingly enough, it is one of the cheapest places to live in Hawaii. Here, the land definitely outweighs the house. ", "acceptedAnswer": { "@type": "Answer", "text": "

The No. 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. If youre looking at the cost of living numbers in Hawaii, this is an accurate list of the most affordable places to live in Hawaii for 2022. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. 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.". For starters, the median rent in Kapaa is $1,541, well below the statewide average. Youll also find a pool, lanais, and barbecue area, all surrounded by ocean views. For more reading on life in Hilo, check out: Built in 2009, this 5 BD/6.5 BA 5,000+ SF home has Balinese, Hawaiian, and Asian flair. (Although when we flew over the property, the pond was all but empty. Privacy Policy. 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. This browser is no longer supported. In fact, there are only six Oahu properties on the entire list. The median income of a Hawaii household is $83,173.

For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. $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. A salary of $150,000 in Honolulu, Hawaii could decrease to $138,810 in Kailua (Hawaii County), Hawaii (assumptions include Homeowner, no Child Care, and Taxes are not considered. 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. 5. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! The median home price in Wailuku is $463,500, which is higher than the rest of the nation but still lower than the average price in Hawaii. 2590 Kauapea Road, Kilauea, Kauai (MLS# 286218). High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. 1. Kapaa, HI: 6 #4. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. 96779, HI, United States $40,975/sqft. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. Join the party! Hawaii. Kailua, This information is believed to be accurate. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. OCEANFRONT SOTHEBY'S INTERNATIONAL REALTY, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. 3 Beds. You can download the data here. Honolulu. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Talk about a sweet deal! The distribution of these palatial properties is also illuminating. Villa Leopolda | Cote D'Azure, France. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. 2015-2023 Chasing Chains, LLC. This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. Population: 10,921Rank Last Year: 21 (Up 20)Home Price To Income Ratio: 4.0x (most affordable)Income To Rent Ratio: 68.3x (33rd cheapest)More On Hawaiian Paradise Park: Real Estate|Cost Of Living. What To Know. 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. By definition, that implies Hilo ranks as the #645 most expensive place in the Aloha State. Overlooking Kauai's North Shore - and beyond - from its position above Secret Beach, this 28-acre, four-parcel estate awaits new owners to take its swankiness to the next level. The current home on property is a little under 4,000 SF and was built in 1946 (and since renovated) and has 7 bedrooms and 4 baths. The median income in the area comes in at an eye-popping $112,385. 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 sprawling ranch sits at the foot of Mount Namahana and is filled with waterfalls, two custom truss bridges, stables, pasture, and forest areas. 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. You can step into the front yard and dive into the pool for an in-house immersion. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. For starters, they are the most expensive to purchase. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? There are beaches and golf courses to wile away the hours. 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. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). November 19, 2015 IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Editors Note: We updated this article for 2022. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');And if you already knew these places were cheap, check out some more reading about Hawaii and the cheapest places in the country: We finish our list of cheapest places to live in Hawaii in Hawaiian Paradise Park. 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. Zillow, Inc. holds real estate brokerage licenses in multiple states. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. 4508 Makena Rd, Kihei, HI. Nature-lovers will definitely want to hit Akaka Falls State Park, while those with an interest in science or history will have a great day out at the Imiloa Astronomy Center. The resort is also close to a world-class shopping center. Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). Hawaii is one of the most beautiful states in the US, and it has some amazing and most luxurious houses as well. This is our ninth time ranking the. 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. Beachfront, 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. 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. Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). 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? His other interests include astronomy, hiking, and fishing. Enjoy the view. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. Kaneohe. See also Building Costs Per Square Foot in the State of Georgia, USA This one is really well done. Rocky A/Flickr. Maui County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Hawaii as a whole. Just two lots down from Michael Dells sprawling Kukio estate is another multi-structure compound, this one belonging to David L. 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