"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? For starters, the median rent in Kapaa is $1,541, well below the statewide average. This house looks out onto Kukios South Pond, and then onto the ocean. The median income sits at a sizable $109,620. 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. 68-1029 Pauoa Way, Kohala, Hawaii $18,950,000 Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. The consent submitted will only be used for data processing originating from this website. 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 county in Hawaii with the lowest cost of living is Maui County. 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. The two guest pavilions feature king-sized beds, bar and refrigerator, full baths and lanais. Constructed with wood-beamed vaulted ceilings, walls of glass and stone, it includes a two-story main pavilion, covered lanais and two guest pavilions with a total of four bedrooms and six-and-a-half baths. This 7 BD/8.5 BA home is over 8,000 SF and sits on a 36,000+ SF lot that is steps from the ocean. Villa Leopolda | Cote D'Azure, France. Homes in Waimea go for about $462,800, the eighth lowest in the state. 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. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. 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. 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. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Hawaii also has one of the nation's highest median incomes at $80,729 annually. Molokai . 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. Just about every room relates to the ocean. And good news: If youve got a spare $6,750, you can spend a night hereLassen rents it out whenever hes not there himself. The housing figures become more understandable when you consider the high incomes enjoyed by Waimanalos 5,599 residents. You can download the data here. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! There are many gorgeous listings available in this area, but one of the most expensive homes currently available is Mylestone at Meadow Lane, located in Southampton, New York. The six-bedroom main house was built in 2001. 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. And they get these natural wonders on the cheap. 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. Not only is the average the highest, but for that price, you get a fairly small property (averaging 1,309 sq. On the Hanalei bay is this iconic two-story home built in the early 1900s. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. 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. Hawaii, HI Luxury Homes For Sale 788 Luxury Homes & Mansions Available Tile Sort by Price (high to low) 30 4408 LAWAI RD, Koloa, HI 96756 3 Beds 4 Baths 2,786 Sqft 0.74 ac Lot Size Residential $30,000,000 USD View Details 22 123 Kailuana Loop, Kailua, HI 96734 8 Beds 11 Baths 11,545 Sqft Residential $29,420,000 USD View Details 15 For sale: $14,950,000. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. Access to those usually costs a pretty penny. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. Stacker compiled a list of zip codes with the most expensive homes in Hawaii using data from Zillow. The six-bedroom main house was built in 2001. All the more reason to snap up an offering like this 296 Gray Head mansion while you can. When you click through real estate links on our site, we earn an affiliate commission. Of those two properties (Number 9 and Number 2 on the list, respectively) only one of them sits on a bluff overlooking thePacific(Number2). The average home value in Hickam Housing is $0, the lowest in the state. The median rent comes in at $1,552 per month. Just sayin. Living in Hawaii is so expensive that more . Hilo. It has bent the curve and kept COVID-19 cases relatively low. Kauai, alternatively known as the Garden Isle, is geologically the oldest of the chain of main Hawaiian islands. 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. Brokerage. 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. If you want to own one of the top expensive homes in Hawaii, it helps to be in computers or investment banking. Keep in mind, just because these places in Hawaii are affordable, doesnt mean that theyre not nice. Aloha and welcome to Waihee-Waiehu, the most affordable place to live in Hawaii for 2022. 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. 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 . Labor Expenses Are High. Waimea Cdp (Hawaii County) Waimea comes in as the fifth least expensive place in Hawaii. 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. 4. This house is extremely secure and is situated along a private street close to Kahala and Waikiki. See also Building Costs Per Square Foot in the State of Georgia, USA Take a half-hour drive through the middle of the island and youll arrive at Honolulu, the states capital and its biggest city. 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. Well, there you have it. With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. Oceanfront,
The cost of living in Hawaii is 20.0% higher than the US average. Out of thetop 10 most expensive homes in the state that are currently on the MLS market, 5 are located on Kauai. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. It costs $34,000 more on average to construct a new home than to buy one. Looking at other aspects of the economy, the median income stands at $77,448, while the unemployment rate hovers at 11.47%. #luxuryhometour #ma. Learn more. California - $538,500. Hawaii is a magical place to live or visit, but if you're planning a move to these beautiful islands, there are a few things you should know. As a result, the community ranks number 1.0 in the state in terms of its income-to-rent ratio.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-large-mobile-banner-2','ezslot_16',113,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0'); If you get tired of swimming, sun bathing, and hitting the links, you still have leisure-time options in Waimanalo. Copyright 2016, Hawaii Information Service. The median income in Kahaluu-Keauhou comes in at $79,742 and the median home value is $647,000 for 2023. Zip codes are ranked by the Zillow Home Values . 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". But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. 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. . The long beaches of Hawaii offer great sites to build homes with architectural uniqueness and curiosity. ", "acceptedAnswer": { "@type": "Answer", "text": "
Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. An example of data being processed may be a unique identifier stored in a cookie. These houses are not only magnificent but also worth living in. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. Hilo, HI: 4 Read on to see which cities made the list. When you buy via links on our site, we may earn an affiliate commission at no cost to you. The top 10 most expensive homes for sale in the State of Hawaii (according to MLS). Hawaii is also one of a few US states to have once been an independent nation. 5. In fact, Ewa Gentry has the number 9.0 best home price-to-income ratio in the state. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Enjoy the view. Here are the ten most expensive homes for sale in Urban Honolulu right now. Boasting a unique custom Koa wood outrigger canoe, giving the true essence of Hawaii lifestyle. 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. 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 propertys main structurecomprises four pavilions joined by open-air walkways, which allow you to enjoy the tropical breezes and surrounding lush landscaping. . 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. This property is right on the beach. ft.). We incorporated elements of Christians art throughout the house, says architect Jeff Long. 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. A Balinese and Hawaii-inspired beachfront home in Keawakapu, Maui is on the market, listed at $38 million. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. Naturally, theres an infinity pool with hot tub. 23). Privacy is at the center of the villas main features as it has a green living wall surrounding the main entry points. Here's where it all takes a left turn. 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. Hawaii Most Expensive Home Comes With a Secret Private BeachVisit Our Website for More Luxury Architecture: https://www.luxury-architecture.netHawaii's Most . Census American Community Survey 2016-2020, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). For more reading on life in Hilo, check out: Without further ado, here are 17 things no one tells you about living in Hawaii, including the good and the bad. Well just keep on swimming west to the island of Kauai to reach Kapaa, the tenth most affordable place to call home in Hawaii. Theres the need and want for affordable living in the Aloha State; and surprisingly, Hawaii has just that. What is the cheapest housing market in Hawaii? This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Inside The MOST EXPENSIVE House in Hawaii, USA! That would be the cost of a mansion in most other parts of the country, but its about par for the region. This luxury resort sits in harmony with the precious Hawaii Loa Ridge. This luxury property sits on a 7,000 sq ft parcel of real estate. Kapolei is the second fastest-growing city in Hawaii, with an incredible 40% population growth in the last 5 years. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. What county in Hawaii has the lowest cost of living? Your email address will not be published. The oceanfront property includes access to an 18-hole golf . Data is deemed reliable but is not guaranteed accurate by the MLS. 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. The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier. Golf getaway: On the Big Island, this nearly 1.5-acre lot of oceanfront paradise comes with the opportunity to apply to the Kukio Golf and Beach Club. $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. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. The 15.33-acre property. With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. Manage Settings Nearby homes similar to 1133 Ikena Cir have recently sold between $1,150K to $2,400K at an average of $1,310 per square foot. How did we determine the most affordable place in Hawaii? At $12.8 million, it is the most expensive house for sale in the state . Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. With dark wood works, and modernized design, this is a one-of-a-kind residence that is steps away from the ocean. To spark island vibes, we started at the topas in the absolute pinnacle of Hawaiian real estate. Mls # 201510589 ), Hale Komodo is located in the state of Hawaii lifestyle be computers! Main residences, with a total of 10 bedrooms, 11 bathrooms, and location of the &! 647,000 for 2023 and the median rent in Kapaa is $ 83,173 %. Truly a private compound RITZ facility 1,541, well below the statewide average old feel open. Wood outrigger canoe, giving the true essence of Hawaii in a cookie consent will... 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