Cheng & WCIT Architecture, along with internationally acclaimed interior designer Tony Ingrao, this home rivals the great penthouses across the globe. There are only about five single family homes and 25 condos selling for around $1 million. If you are West Mauis beaches, shopping, top restaurants, and enjoyable lifestyle will be at your fingertips with this new Whalers Village 2435 Kaanapali Parkway, Suite A-3 Lahaina, Maui, Hawaii 96761Real Estate License RB-21851, Prev: Hottest South Maui Real Estate Property for Sale TODAY, Next: Multi-Million Dollar Luxury Beachfront Penthouse for Sale in Maui Hawaii, Outstanding Luxury Kaanapali House for Sale in Lanikeha, Amazing Kaanapali Luxury Home for Sale on Maui in Lanikeha, Hawaii Luxury House for Sale in Mauis Kaanapali Coffee Farms. other brokerage firms. The spectacular windows in this $5,150,000 home will give the fortunate homeowner a fabulous view of both the pool and the ocean beyond. For example, with dwelling coverage of $200,000, the average rate is $2,233, while the cost of a homeowners insurance . Prices in the initial affordable subdivision dubbed Malina have not yet been set, but would largely align with city guidelines allowing homes priced from $400,000 to $700,000 for households with two or three people earning up to 120% of the median income. We have received your inquiry and will be contacting you shortly. Used under license. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. 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. This is one to look more closely into. By NANCY COOK LAUER West Hawaii Today | Friday, May 1, 2020, 12:05 a.m. Share this story. It is situated at the foot of Nihoku, an extinct volcano locally known as Crater Hill, and above Kahili Beach and Kilauea Bay. It would be hard to find a more spectacular location for a dream home. Featured properties may or may not be listed by the office/agent presenting this brochure. Read the full story with our Print & Digital Subscription. Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. 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. Ocean, waterfalls, and sunsets, are only what nature has pleasantly provided. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Boulder's gap between the percentage of million-dollar homes and the number of households that may be able to afford them is particularly interesting given recent increases in home values. We will pre-fill the registration form with information in our files. The median single-family home price in Wahiaw jumped by 38% to $925,000, from $671,500 last year. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved The living spaces of this sprawling property have been impeccably designed, offering facilities such as a glittering pool, four-car garage, gym, BBQ area, and an elevator. 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. We're able to accomplish this . This one is really well done. It found million-dollar homes are most prevalent in California and Hawaii, where nearly 1 in 4 are in that price range. This year, Forbes ranked Michael Dell as the 37th richest person in the world, with a net worth of $13.5 billion. Cities With the Most Million-Dollar Homes - 2021 Study - SmartAsset For this 2021 study, SmartAsset looked at data from the 150 largest U.S. cities and identified which ones have the most million-dollar homes. The Bay is surrounded by what seems to be hand-chiseled emerald mountains, flowing white waterfalls, and a resort-free environment. Nestled by a tropical mountain and offering unobstructed ocean views, $9,650,000 will get you this home whose interior is just as remarkable as the exterior. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. Kauais most expensive beachfront listing is located on Hanalei Bay in the North Shore. This elegant multi-level contemporary oceanfront home located near Doris Duke's famed Shangri La Estate boasts some of Honolulu's finest views of an azure cove, coconut-lined white sand beaches, surf, sunsets and, of course, Diamond Head. Kamehameha Schools is also subject to the older rules for its Our Kakaako community, where about 550 below-market homes need to be produced. who has put his $23-million, 52-acre Hawaiian oceanfront estate up for sale. Want to stay up to date with these properties or others on our beautiful island? Due to local MLS regulations, you will need to re-register if you would like to continue your access. StormoGipson is referring largely to guidelines of the Hawaii Housing Finance and Development Corp., a state agency that helps private developers produce affordable housing. Thanks, Window Washing Service Jefferson Park, Denver, CO, https://www.ktvn.com/story/43461794/signature-window-washing-company-celebrates-6-years-in-business, One of the benefits of living in Hawaii is the opportunity to be outside just about every day of the , One of the best things about living in the Hawaiian Islands or even just visiting is experiencing the , If you havent purchased a property on Maui before, this will be your quick guide on what the process looks , No Reserve Auction: Build Your Dream Ocean View Compound on Rare 15 Acres with Opportunity for AG Structures & Potential . 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. Square Footage: 7,500 (includes outdoor living space) Beds/Baths: 5 bedrooms and 5 bathrooms, with two partial baths. Waiea represents a new level of luxury in Hawaii and is the flagship building of Honolulus most distinguished urban neighborhood, Ward Village in Kakaako. The sprawling mansion also includes a spa, tatami room and commercial-grade kitchen thats five times bigger than a lot of restaurants in town, says Yamamoto. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. var js = d.createElement(s); js.id = id; She notes several homes currently in escrow on Oahu: two oceanfront estates on Diamond Head Road listed for $19.85 million and $17.97 million, and an oceanfront estate on Khala Avenue listed for $18.3 million. Rich with contemporary textures, design, and emotion, this masterpiece infuses New York upscale taste with Kauais relaxed natural beauty. It has been provided by sources other than the Realtors Assoc. Without a doubt, waterfront properties are among the most coveted real estate in the world. Developers in Kakaako, however, also may deliver affordable housing under HHFDC rules if they produce a greater share of below-market homes. Just take a look at the incredibly impressive and expensive $11.9 million Hawaiian estate that musician Carlos Santana soldor the Hawaiian home that golf star Vijay Singh put on the market for a whopping $23 million. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for affordable housing in Honolulu under a state guideline. Your Email address will be kept private, this form is secure and we never spam you. With 11,076 square feet, 8 bedrooms and 9 and a half bathrooms, this is an unmatchable piece of beachfront real estate in Kapalua is located on almost a full acre. Operating farm coconuts, citrus, extensive orchards, and exotic palms. For a buyer of a $2 million home, this means that they would pay $47,200 less in property taxes if they bought a home in Hawaii compared with Illinois. The bar starts at $16 million and goes up from there. About the Show. Its owned by Hale O Aloha, which shares a mailing address with SalesForce Inc., a cloud-computing software company founded by Marc Benioff, a 30-year-veteran of the software industry. What is Todd Rundgrens property worth on Wailapa Drive? We've rounded up the top 10 most expensive homes currently for sale in Honolulu so you can see how the ultra-rich and famous live. The most expensive home currently for sale on Oahu sits atop 36-floor luxury high-rise condo building, Waiea ("water of life") in the booming Kakaako neighborhood. http://locationshawaii.imgix.net//locationsimages/logo.png. We incorporated elements of Christians art throughout the house, says architect Jeff Long. Voted as The Hippest Town in Kauai by VOGUE, Hanalei has officially hit the map. In Oklahoma, only 0.9% are valued at $1 million or more but 5%. Christian Weis, Popular locations in Australia that also could be worth exploring are Sydney, Mosman, Strathfield, Brisbane City and Glenorie. Hey, it doesn't hurt to dream, right? Listed for $30 million, Idaho's new most . If youre looking for something a little smaller but with a similar epic view, how about this Kihei home for sale on the beach? I got married here on Kauai in June to my husband, Derek, and want to share the loving experience with you! Please be nice. The Maui Luxury Real Estate Team features beachfront properties all over the island that are uniquely designed and decorated to meet your high-end tastes. Much of HHFDCs work helps developers tap federal and state tax credits that finance housing for low-income households. Similar formulas are also used by the city and the Hawaii Community Development Authority, a state agency regulating development in Kakaako, where some of the priciest condominium towers on Oahu have been built. 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. Information is deemed reliable but not guaranteed. The owner is yet another investment banker: Paul Stephens, the chairman and a partner of Stephens Investment Management, and the co-founder and managing director of RS Investments, a San Francisco-based management group that manages more than $7 billion in assets. Are you interested in a real estate career in Hawaii? You don't have to be rich to live in Hawaii you just have to want it, say the brokers at the Hawaii Life realty firm who make island-living dreams come true for clients ready to make it a reality. More definitively, 7 out of the 10 homes are located in Kilauea. Seventy-eight Hawai'i sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. We chose homes that are for sale right now for around $1 million so that you can see how far your real estate dollars will stretch around the country. Not only is the lot 2.5 acres, there are 2.5 acres of conservation land in front, and another 3 acres of resort common area in back. Luxury, Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. As an owner, you receive exclusive access to hiking and equestrian trails in the National Wildlife Preserve. Hawaii's most accurate home valuation tool. An odd thing has happened in the realm of affordable housing on Oahu. Offering three bedrooms, two bathrooms, and an open concept modern design, this stunning home that boasts a view of the nearby valley hit the market for $1,888,000. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. This five-acre west-Maui estate is located in the exclusive gated community of Pu'unoa Estates. Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for affordable housing in Honolulu under a state guideline. At about eight times that price, some $1.5 million homes offer uncommon amenities, such as sweeping ocean views, grand. Oceanfront Home +Vacation Rental Cottage, Former home of prominent architect, Elliott Rosenblum, 1,000-ft. driveway into your 4,395 sqft. Just a month after we crowned a $27 million mansion as the state's most expensive home, a pricier lakefront mansion has splashed down on the market. Listing provided by Hicentral MLS $17,000,000 Next August 13th, 2019 Erin Delgado new construction listings and access our free white papers and buyer guides. We hope to see you soon and trust you enjoyed learning about Mauis top beachfront luxury properties. An odd thing has happened in the realm of affordable housing on Oahu. The distribution of these palatial properties is also illuminating. Please switch to a supported browser or download one of our Mobile Apps. Buyers, All rights reserved. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million, which technically could qualify as affordable housing if HHFDC guidelines applied. of living space, Designed after the iconic St. Regis Hotel, Sand-bottom spa and a man-made sandy beach for the keiki (kids), 15-acre compound spanning an ocean bluff on Kauais North Shore, The licensed vacation rental can be yours for a nightly basis averaging $8,000, Inspired by Balinese architecture, the main house is composed of 4 pavilions, each connected by covered breezeways, Private walking path down to Secret Beach, Main house +10,000-Sqft. That limit equates to $123,480 for a single person and $176,260 for a family of four. You're reading a premium story. The 84 homes are expected to be sold later this year for $267,750 to $511,350 for studios to two-bedroom units. For example, a $1.6 million-dollar listing in Los Angeles would not be considered a luxury home. 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. Please help us to better serve you by answering these optional In addition to the main 4-bedroom, 4.5-bathroom residence, the property also includes a 3-bedroom, 3.5-bathroom guest residence and outdoor entertainment pavilion with poolside bar, kitchen and spa bathroom. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Overall, Koa Ridge may produce affordable housing geared for households earning up to 140% of the median income. The 4,375-square-foot home built in 1929 comes with six bedrooms and five bathrooms, as well as a sunroom, elevator, finished basement and office, according to listing photos. A five-bedroom, six-bathroom home is currently on the market for $1 million. funeral homes dixon mo. If you love to entertain, this home's expansive, seaside lanais can't be beat! Used under license. 13) in order to move a few miles down the coast to one of Kukios newer developments. With plenty of luxurious hints, custom touches, and more than 6000 square feet of space, which includes five bedrooms and six bathrooms, the 2.1-acre property boasts a gorgeous pool with a bridge and not one but two waterfalls. This browser is no longer supported. Located on the 35th floor and only slightly smaller than the building's grand penthouse, this $35 million dollar home comes with a design credit for the new owners to fully customize the home with their choice of interior design finishes. Register you can either select a new agent or one will be assigned for you. In Hawaii, properties range from $50K plots of land to $50 million-dollar dream homes, from Oahu to Kauai to the Big Island to Maui. Last year at the state Legislature, then-Sen. Laura Thielen and Sens. Makakilo's median single-family home price rose 26%, from $786,000 in January 2021 to $994,000 this year. A year after shelling out $8 million for a vacation home on the Hawaii island of Kauai, the guitarist has closed on a larger property nearby for $20.5 . Real Estate, In Hawaii Kai, supply is low and competition is high with many properties selling for more than their listed price. TLDR: Property taxes paid on a million dollar home is a useless metric since a million dollar home in some jurisdictions (e.g. Log In. Remember to save your search to receive email alerts when new listings that fit your . of indoor/outdoor living, 9 acres of property the most land area offered in Haena in 9 years, 100s of beachfront footage on Tunnels Beach. Luxury West Maui Property. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Hawaii. To demonstrate, in August 2021, condos were going for an average price of $467,500, while the cost for single-family homes was averaging at $1 million, with both amounts setting records, per Honolulu Magazine. This house looks out onto Kukios South Pond, and then onto the ocean. Under current guidelines, a family of four in Honolulu earning 140% of the median income can qualify for subsidized housing priced as high as $1,026,800. The 15.3-acre. Oceanfront, The home is now owned by Houston-based Fayez Sarofim. 2332 Makiki Heights Drive Honolulu|MLS #:201627051. If you're interested in becoming a Hawaii homeowner, we encourage you to begin our smooth and secure application process. Gated Community, Musician Carlos Santana is trading up. You get 8 acres of privacy in the middle of a resort. In San Francisco, another tech hub, more than 36 percent of homes were valued at $1 million or more, with a median value of $840,600. 2 most expensive house, for example, is officially owned by Kukio Limited. Thirty-three-year-old James Koshiba dreams of a new generation of socially-conscious businesses that do as much for the community as they do their bottom lines., Some say real estate professionals might be more important than ever Less than 20 years ago, prospective homebuyers could look at newspapers and drive around to find yard signs. Its unlikely developers could actually produce and sell $1 million homes to satisfy an affordable-housing condition under state and county requirements typically tied to projects that receive zoning changes, development bonuses and fee waivers. Hawaii, in Agents, Architecture, Beachfront, Decor, Design, For Sale, Hawaii, Interior Design, Kauai, Lifestyle, Luxury, Market Intelligence, Market Trends, Marketing, Moving To Hawaii, Ocean View, Oceanfront, Acreage, In Waipahu, where the median price rose by 14% to $840,000, the number of single-family homes sold nearly doubled to 23. An updated cottage is on the market for $900,000 and offers three bedrooms and two bathrooms in 1,800 square feet. With two homes sitting atop 2.5 acres in the prestigious Makiki Heights neighborhood, this property offers the largest land area on our list. Each of our real estate listings provides comprehensive information on essential details including property features, price change, transaction history, and amenities. Pool, Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. Kapalua Beachfront Home for Sale 20 Kai Ala Drive. of indoor/outdoor living space, Constructed by Kauais number one builder, Randy Weir Construction, Main House 2,737 sqft., 3 Bed | 3.5 Bath, Incredible Views and World-Class Surfing, literally at your doorstep, Guest House 2,000 sqft., 2 Bed | 2 Bath, Views of waterfalls pouring out of the Namolokama Mountain, 2,238 linear square feet of pristine ocean bluff bordering the practically untouched Waiakalua Beach, Access the Secluded Beach for a dip by walking or driving, Ocean views from essentially every room, even the pool and spa, Extensive native plants & landscaped gardens, 4 Bed | 4 Bath; 4,458 sqft. Already have an account? 2,406 Sq. Property highlights: Nestled on Kauais South Shore in the pristine Kukuiula Community lies a breathtaking setting with a wealth of resort amenities. Kihei Beachfront Real Estate 1470 Halama Street. Price: $20.9 million. Moving to Hawaii, Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. Simply stunning! HHFDC also notes that its price ceiling could be lower after accounting for costs including real property taxes, insurance and any maintenance or homeowner association fees. Of course, you'd surely want to spend all of your time outside soaking up both the sun and the view. 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 Khala Avenue property. Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. Youll have direct and dramatic ocean views from the living room, lanai and master bedroom and access to your own secluded hidden beach. 51 Kaikea Place, Kailua 96734 | MLS #:201715306. The national average cost of home insurance is $2,777 a year or $231 a month for a policy with $300,000 in dwelling coverage and liability and a $1,000 deductible. It's a primal human urge to live by the water, where the endlessly changing vistas of clouds and sky, sea, lake, and river enhance the rhythms of daily life. Three factors household income, family size and interest rates are mainly used to compile annual housing affordability tables. 500 Ala Moana Blvd. The place remains impressive, though. Perry says some ultra-high-end buyers who may have looked at the Neighbor Islands in the past are now checking Oahu. Your email address will not be published. An off-grid residence that sits on almost 16 acres of land with an ocean view, the home is surprisingly stylish and amenity-filled. That said, this figure is higher than in the nation's 50 largest metros, where an average of only 4.71% of homes are worth $1 million or more. Kilauea sits in the heart of Kauais North Shore at the northernmost point of the State. of Maui and should not be relied upon without independent verification. Interested? Mahalo for supporting Honolulu Star-Advertiser. Log in now to continue reading this story. Honolulu, HI 96813 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. Senate Concurrent Resolution 220 noted that San Francisco, in comparison with Honolulu, had a 38% higher household median income but a 23% lower maximum affordable housing price in 2019. What is LocationsHawaii.com? A dream home that's truly worthy of paradise, this Hawaiian residence, located on a jaw-droppingly stunning ocean bluff, will put the purchaser back $14.9 million. Learn more. The home also includes a 2,000-sqft rooftop lanai with private ocean-facing infinity pool and perpetual 360-degree views of the Pacific Ocean, Diamond Head, mountains and Waikiki. 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. Ft List Price: $2,100,000