The median home value in the area sits at $392,800. 3 Beds. 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. Well, there you have it. Short has been reported to be an extremely private person; hes managed to stay largely out of the spotlight as the president of Lone Star Funds, a global investment firm that manages private equity funds worth $24 billion, but not as owner of Sunderland A.F.C., a soccer team in England. 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. Hilo. 5. This year, Forbes ranked Michael Dell as the 37th richest person in the world, with a net worth of $13.5 billion. 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. 72-2747 Uluweuweu Akau Pl, Kailua Kona ($37,000,000) DMCA Notice. The property is a three-bedroom, two-baths house sitting on one acre. Check with the applicable school district prior to making a decision based on these boundaries. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. 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.
Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. For this reason, look for a house that is elevated on the island. The median home value in the community stands at $635,900. 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. Kai Moena, "House of the Resting Sea," listed for $30 million, is the most expensive home currently available on O'ahu. The 15.33-acre property. It is a modern Diamond Head four-bedroom home with a perfect view of stunning Hawaiian sunsets. This house is extremely secure and is situated along a private street close to Kahala and Waikiki. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. Surprising? Information herein deemed reliable but not guaranteed. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-01 09:52:23 PST. 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 . For more reading on life in Hilo, check out: Hawaii Island 720415 Kaupulehu Dr. Kailua Kona, HI 96740. The home is now owned by Houston-based Fayez Sarofim. The average living wage in Maui County is $103,095 according to MIT data. 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. The lighthouse is a true landmark and still functions as a beacon announcing many ships to Honolulu. ", "acceptedAnswer": { "@type": "Answer", "text": " 72-2747 Uluweuweu Akau Pl, Kailua Kona, HI. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! Now state leaders are ready to start opening back up to visitors. The average home value in Hickam Housing is $0, the lowest in the state. The average home value in Hawaii is $636,400, almost nan times higher than Hickam Housing. The place remains impressive, though. This property is right on the beach. After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . Talk about ritzy stretches of beach: This Kapalua mansion is next door to Christian Riese Lassens house (No. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. 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. Population: 5,599Rank Last Year: 11 (Up 3)Home Price To Income Ratio: 5.8x (16th most affordable)Income To Rent Ratio: 82.6x (32nd cheapest)More On Waimanalo: Real Estate|Cost Of Living. All the more reason to snap up an offering like this 296 Gray Head mansion while you can. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. This diamond of a property belongs to Bandel and Paula Carano. Mountain View, Most of the most expensive homes on Kauai are located on Kauai's north (Kilauea and Princeville) or south shores (Poipu). Its unique designs offer a place for calm and soul renewal, earning it recognition by Architectural Digest Magazine. North Shore, Kauai. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. Kailua. Generally, the lowest housing costs are on the Big Island, which is considered the cheapest Hawaiian island to live on."}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Ownership at Kukio includes membership only golf on an 18-hole Tom Fazio championship golf course, two clubhouses with private member only dining, sports complex, and an indoor/outdoor spa. Kahului-Wailuku-Lahaina, HI: 9 #3. Although its right above one of the areas finest beaches, its secluded from the hubbub of nearby Waikiki. The town represents the number 7 most affordable spot to live in the state. Whether youre looking for speed, style, or just pure driving pleasure, theres a. Those who call Hawaii home . Meanwhile, the unemployment rate is a puny 3.47%. 61-779 Papailoa Road, Haleiwa (MLS# 201509388). Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. 1. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. 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. Honolulu attorney David Schutter spared no expense in constructing this Kahala Avenue mansion in the 1980s. Zip codes are ranked by the Zillow Home Values . 10 Types of Delphinium Flower to Grow at Home (With Pictures). Here, the land definitely outweighs the house. It is casually referred to as Hale Palekaiko, meaning House of Paradise. 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. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! The luxe interiors of the eight-bedroom home give off an Indonesian vibe. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. . There might be some that surprise you. Hawaii is also one of a few US states to have once been an independent nation. One such example is Kahala - world renowned as the 'Beverly Hills of Hawaii.' Right next door is Diamond Head - another luxurious neighborhood offering wide open streets and a family friendly community at the base of the Diamond Head crater. Here's where it all takes a left turn. Not Really. Discovery, Inc. or its subsidiaries and affiliates. . in Hawaii, Anini, Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. There are two guest cottages, a wine cellar, media room, office, pool, and spa. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. 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. Overlooking the water just across the bay from the Mauna Lani Resort, this wedge-shaped Kona property belongs to Toyota Motor Sales USA. You can then compare these metrics in each of the places in Hawaii to figure out which is the least expensive. We and our partners use cookies to Store and/or access information on a device. Editors Note: We updated this article for 2022. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). Asking price: $29,500,000. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. 6. This property recently appeared on the market for the first time in more than 30 years. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). Hilo, HI: 4 Read on to see which cities made the list. Here are the ten most expensive homes for sale in Urban Honolulu right now. 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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. Update Privacy Preferences But this is Hawaii, where property is expensive. What is eye-catching, however, is the median home value. This historic house is just a few meters from the ocean and offers a 360-degree view of Mauka and Makai. It also has an extended living space through the mahogany furnished doors. Carano has been a heavy hitter in the venture-capital scene since the 1980s, when he became partner at Oak Investment Partners. Hawea Point: Spectacular and spanning 10 acres in West Maui, this property is behind guard gates and within the Kapalua Resort. According to MIT, the required living wage for a family of four with two working parents in Hawaii is $107,702 vs the national average for a family of four with two working parents of $89,744. Join the party! You can find out more about him on LinkedIn or his website. That would be the cost of a mansion in most other parts of the country, but its about par for the region. High-end resort-quality amenities include a lagoon pool, tennis court, sauna, media rooms, and fitness facilities. Copyright 2016, Hawaii Information Service. 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. You can download the data here. 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. Information is deemed reliable but not guaranteed. The upper level has a 25-foot ceiling held by a curtain wall revealing the beautiful Waikiki beach line and dazzling city skyline at night. 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.". If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. Homes, Known as Hale Palekaiko or House of Paradise, this beachfront estate sits on world-famous Kailua Beach, on Oahus East Side. Given these numbers, a median home value of $594,500 suddenly seems downright reasonable. It would be hard to find a more spectacular location for a dream home. 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. It has been provided by sources other than the Realtors Assoc. It comes up for sale as a separate property down the road, also in Keawakapu sold for a . He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. of Maui and should not be relied upon without independent verification. Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved 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. 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). And they get these natural wonders on the cheap. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. Would be hard to find a more Spectacular location for a lowest in the area sits $! 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