1. Million-dollar homes aren't common in most towns. Register you can either select a new agent or one will be assigned for you. Luxury Home for Sale in Hawaii: Fantastic value for this outstanding rare perfectly remodeled ground-floor 2 bedroom, 2 bath unit with a comfortable easy living lifestyle and garden view. Expanding the scope to all of Hawaii has raised the stakes considerably: While the top property in 2005 was assessed at $15.2 million, that number wouldnt even get you on the bottom rung of this years list. 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. Ft. 2336 Beckwith St, Honolulu, HI 96822. 2332 Makiki Heights Drive Honolulu|MLS #:201627051. Kapalua Beachfront Home for Sale 20 Kai Ala Drive. Brokers. Musician Carlos Santana is trading up. Beyond that, this lovely residence offers a modern design, theater, and a view of the water and mountain from the living room, kitchen, and bedroom. Oahu boasts some of the world's finest homes--and some of the world's heftiest home prices. }(document, 'script', 'wibbitz-static-embed')); Between sleek architectural designs with panoramic ocean views to overly large acreage plantation estates, lets explore what millions of dollars can get you across Kauai, Hawaii. This estate may cost $19.5 million, but that price includes two homes on one incredible property. In Waipahu, where the median price rose by 14% to $840,000, the number of single-family homes sold nearly doubled to 23. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres. Here's What A $1 Million Home Looks Like In All 50 States Spoiler: a whole lotta square footage in Arkansas, not so much in New York. 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. 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. Please be nice. new construction listings and access our free white papers and buyer guides. These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. HAWAII LIFE $24,000,000 4 bds 5 ba 3,706 sqft - House for sale 86 days on Zillow 360 Puuikena Dr, Honolulu, HI 96821 THE AGENCY MAUI. While the media room, walk-in closets, jacuzzi, steam room, koi pond, waterfall, and cabana are all spectacular, this property, dubbed the Molokai Equestrian Estate, is a horse rider's dream come true. Interested? That limit equates to $123,480 for a single person and $176,260 for a family of four. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email [email protected] so we may better assist you. 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. 6 Beds 5 Baths 6,000 SqFt Residential MLS # 1630071. 1118 Ala Moana Boulevard, GPH 35, Honolulu|MLS #:201629077. When it comes to luxury living, nowhere else in the world can compare to Maui. In Oklahoma, only 0.9% are valued at $1 million or more but 5%. Check your inbox for an email from [email protected]. It found million-dollar homes are most prevalent in California and Hawaii, where nearly 1 in 4 are in that price range. Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. 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. Aptly named after the quiet waters of the Anini lagoon, Wailana Mlie is a truly timeless Polynesian estate. of Maui and should not be relied upon without independent verification. Already have an account? If you've been dreaming of moving to Hawaii, then you might want to make sure that you have a big enough budget. Three years ago, the city and HCDA reduced their maximum home price guidelines by lowering the household income limit to 120% of the median, which equates to $151,080 for a family of four. Nationwide, a record 8.2% of U.S. homes (6 million) were valued at $1 million or more in February, according to a new report from real estate brokerage Redfin. 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 more information, visit 1600 Asylum Ave.'s real estate listing. Last year at the state Legislature, then-Sen. Laura Thielen and Sens. Christian Weis, As always, don't hesitate to contact us with any questions at 808-792-4251. Print subscriber but without online access? The place remains impressive, though. The city and HCDA said their current maximum price for homes at the 120% of median income limit would be around $700,000 for a family of four. This sleek Kona abode belongs to Sandra Kurtzig, who Entrepreneur Magazine called the first lady of computers. Kurtzig founded ASK Computer Systems out of her apartment in 1972, selling inventory-tracking and business-information software, and turned her tiny startup into a heavy hitter with 91 offices in 15 countries. Request an appointment to view this property by completing the information below. Millionaire households: 47,279 Total households: 1,131,470 Concentration of millionaires: 4.18% Rank: 51 (Unchanged from last year) Median income for all households: $44,717 (U.S. median: $61,937). Here are some comparable home values that earn a luxury designation: $1.6M United States; $2.1M Worldwide; $4.0M in Los Angeles; What counts as a luxury home varies regionally here in Southern California, too. Moving to Hawaii, We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. 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. Ocean View, At $27.5 million, a compound with four bedrooms and 4.5 baths on 1.8 acres. At Sky Ala Moana, a tower rising near Oahus largest shopping center, the developer agreed to produce 84 affordable condos under city regulations allowing maximum prices tied to 120% of median household incomes. Aloha Hawaii community !! This, of course, isn't the first home in the area owned by O. This home features a private elevator, unsurpassed 360-degree views, a private rooftop infinity pool, sky lanai with outdoor kitchen and pool house, and 4-car garage. 1995-2016 Honolulu Board of REALTORS. What is Todd Rundgrens property worth on Wailapa Drive? Remember to save your search to receive email alerts when new listings that fit your . Price: $20.9 million. 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. New Jersey). A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. It would be hard to find a more spectacular location for a dream home. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. Lifestyle, Property highlights: 1.46 Acres, the largest acreage offered in the exclusive Kahalawai neighborhood 7,900 sqft. By NANCY COOK LAUER West Hawaii Today | Friday, May 1, 2020, 12:05 a.m. Share this story. Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. If you wish to report an issue or seek an accommodation, please let us know. What the celebrities and I love about this 6-acre private sanctuary: Seacliff Plantationis a gated community located between the town of Kilauea and the Kilauea Lighthouse. Posted on This Hawaiian home may cost $4,495,000, but it's surely worth every penny. Property listed by Aska Estate Hawaii Inc. 72 Kalaheo Avenue, Kailua 96734|MLS #:201714646. It's got spacious,. Were always looking forward to meeting with eager investors such as yourself and do our best to deliver top-quality service to our customers. Pool, The home is now owned by Houston-based Fayez Sarofim. Island and beachfront homes don't have to cost millions . 13) in order to move a few miles down the coast to one of Kukios newer developments. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-04 06:12:05 PST. 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. The Bay is surrounded by what seems to be hand-chiseled emerald mountains, flowing white waterfalls, and a resort-free environment. Our median home price is over $1 Million and as local real estate investors, we are looking for ways to keep houses affordable. There are only about five single family homes and 25 condos selling for around $1 million. That's up from 4.8% (3.5 million . (Although when we flew over the property, the pond was all but empty. The New York City metropolitan area where an apartment . Tour Homes. Buyers, Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. According to Locations, million-dollar homes have been shrinking the fastest in Hawaii Kai by 20% over the past five years. It is situated at the foot of Nihoku, an extinct volcano locally known as Crater Hill, and above Kahili Beach and Kilauea Bay. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. 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. Developers in Kakaako, however, also may deliver affordable housing under HHFDC rules if they produce a greater share of below-market homes. Thank you! Please note your appointment is not confirmed until an agent calls you. Check with the applicable school district prior to making a decision based on these boundaries. It also has private stairs to the beach, gated entry, two oceanfront master suites with private lanais, a media room, spa and lush tropical landscaping. We will not rent, share, or sell your information. Telephone: 808-529-4747. All rights reserved. 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. Send a message and we'll respond shortly. We assembled a similar list in 2005, limited to the City and County of Honolulu. Required fields are marked *. This email is already registered. 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. Listing provided by Hicentral MLS $23,000,000 6 bds 6 ba 4,947 sqft Our job is to make your home buying or selling experience a pleasant one which is why we also offer a complete set of real estate tools and resources including mortgage calculators, moving guides, Hawaii neighborhood information, real estate buying tips, and articles. Originally built by former Kahala Hilton owner William Weinberg in 1988, the single-story Kahala home has the best of everything: it even had an underground gasoline tank installed in the front yard, so one can fuel cars right in the garage. #7-500 The .7-acre lot is assessed at $13.3 million. Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-04 06:12:05 PST. Besides the coveted, surreal location, what else makes this home special? Agents, Market Update, 6 bedrooms * 9 full and 2 half bathrooms * 11,938-sq.-ft. interior * 33,306-sq.-ft. lot. She got a lot for her money; although you cant see it in the photo, the house is twice as long as it is wide. It is home to the historic Kilauea Lighthouse, National Wildlife Refuge, and Kilauea Lighthouse Village the North Shores newest commercial development in over 40 years. With Kanewai Spring on one side and Paiko Lagoon and wildlife sanctuary on the other, this home claims 700 feet of water frontage--the most on our list. 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. 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. This is one of the few properties on our list that sold for less than its assessed value. Learn more. Your friend will receive an e-mail from you with a link to view the details of this property. From plantation towns to planned communities, Central Oahu has its share of secret spots, a bumper crop of bowling alleys and neighborhood eats. In 2013, critics of a planned workforce housing tower in Kakaako called 801 South Street B assailed the project in part because its most expensive below-market unit was forecast to sell for $692,300 under an HCDA formula that allowed a two-bedroom unit to be priced as high as $715,213 at the time for households earning up to 140% of the median income. The second-most expensive home on the market is also a penthouse in the Waiea building. Sellers, All three are just adorable, but perhaps my favorite is the home next to Honl's Beach, currently listed for $895,000. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! The home offers almost 5,000 square feet of space. 87-3163 Hawaii Belt Rd is a house currently priced at $895,000. 4 Bed | 6.5 Bath. For $2 million dollars you can become a homeowner in one of Mauis most sought-after locations, 30 Lewa Lani Place. Its summertime and that means a prime time to look into buying a home on the beautiful island of Maui. If you love to entertain, this home's expansive, seaside lanais can't be beat! The 84 homes are expected to be sold later this year for $267,750 to $511,350 for studios to two-bedroom units. 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. StormoGipson is referring largely to guidelines of the Hawaii Housing Finance and Development Corp., a state agency that helps private developers produce affordable housing. We incorporated elements of Christians art throughout the house, says architect Jeff Long. 1118 Ala Moana Boulevard, GPH 36, Honolulu | MLS #:201612214 $36,000,000 5 bedrooms 5 full baths 1 half baths 10,076 sqft 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. He started the company in 1981 and its today headed up by his daughter, Jenise Luttgens. For a whopping $23.5 million, the new owner of this home will find it fully furnished. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. 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. So the new, post-2020 rules affect only a small proportion of veterans and even fewer of those who are still serving. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. Keep your eye on this property! Oahu currently has 18 active listings for single-family homes priced at $10 million or more. 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. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. One of only 19 homes along this treasured section of Diamond Head Road, this beachfront residence offers nearly 100 feet of linear ocean frontage and is within walking distance to Waikiki. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. 11 stunning island and beachfront homes for sale across the US for under $1 million. Arguably the Most Beautiful Beach in Hawaii, Hanalei Bay boats a 2-mile stretch of White Sand and 3 Beach parks. In fact, there are only six Oahu properties on the entire list. This information is believed to be accurate. With two homes sitting atop 2.5 acres in the prestigious Makiki Heights neighborhood, this property offers the largest land area on our list. The second most expensive single-family home on our list is also located in the Beachside neighborhood of Kailua and runs from the avenue to the ocean. Simply stunning! Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved Deepak Neupane, HCDA executive director, said the agency tries to ensure that below-market home prices are affordable to households that qualify for interest rates above published averages because many people dont qualify for the average rate. Homeowner Tomomi Kimura, chairman of a Tokyo-based shipping company, commissioned the house in 1992, the same year the summer Olympics were held in Barcelona. What should the owners of a family business consider when dividing shares of stock among their children? Zillow, Inc. holds real estate brokerage licenses in multiple states. Youll have access to thousands of homes for sale that are currently on the market. Compare your rate to the Hawaii and U.S. average. Designed by Hawaii's premier architect, Jeffrey Long of Long & Associates, this magnificent island contemporary home offers a . For example, with dwelling coverage of $200,000, the average rate is $2,233, while the cost of a homeowners insurance . When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. 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It has been provided by sources other than the Realtors Assoc. And he seems to be doing his best to make sure almost no . Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators But home size has remained the most stable in Mililani, shrinking by . $10.9 million. Luxury, The Dallas address listed for the tax bill, however, is the same as for Kitano Capital, which was incorporated by financier Ellis Short in 2007. Every detail of these homes from the wood accents and outdoor showers to the carving on the kitchen ceiling and copper roof makes them dreamy. TLDR: Property taxes paid on a million dollar home is a useless metric since a million dollar home in some jurisdictions (e.g. 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. I have been told never to give two children equal shares. Brokerage. Zillow, Inc. holds real estate brokerage licenses in multiple states. HHFDC starts with federal data for Honolulus median household income, which was $101,600 last year, meaning half of all households earned more and half earned less. You have already registered using your FB account. The current U.S. median home value is $182,500, according to Zillow. Your email address will not be published. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million. The lavish lair has officially sold for $46.1 millionfar less than its asking price, yet still enough to set a record as the priciest single-family home ever sold in the state. Hey, it doesn't hurt to dream, right? An average home in the area will set you back around $863,632, according to Zillow. 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. Seventy-eight Hawaii sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. This time, its not even the most expensive Kahala property. We will not rent, share, or sell your information. Of course, when you live on an oceanfront Hualalai estate, you dont need to pick just one. The owner of this lavish Kona estate is, to our knowledge, the only one to have owned two of the houses on this list (even if it wasnt simultaneously). . 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. $1.85 Million Homes in Massachusetts, Hawaii and Georgia An 1880 house in Provincetown, an off-the-grid home on the Big Island and a five-bedroom estate with two guesthouses in Rabun Gap.. Copyright 2023 MLS Hawaii, Inc. All rights reserved. May we suggest a car dealership? This figure is then adjusted in a way that results in Honolulus median income being defined by family size, including $88,200 for a single person and $125,900 for a family of four. who has put his $23-million, 52-acre Hawaiian oceanfront estate up for sale. Designed to be a "home without walls," the wide-open spaces are surrounded by floor-to-ceiling windows that boast views of the beautiful blue pool, gorgeous green lawns, and majestic ocean. Living large comes easily in this grand Pavilions estate. Mahalo for supporting Honolulu Star-Advertiser. Without a doubt, waterfront properties are among the most coveted real estate in the world. Listing provided by Hicentral MLS $23,000,000 5 bds 7 ba 8,795 sqft - Active 38 days on Zillow 4679B Kahala Ave, Honolulu, HI 96816 HAWAII LIFE. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. Maintaining water features in arid Kona cant be easy.) The distribution of these palatial properties is also illuminating. Property listed by Coldwell Banker Pacific Prop. Property listed by List Sotheby'S Int'L Realty. Edit: I just googled the property tax rate in New Jersey (2.49%) and Hawaii (0.28%). Next August 13th, 2019 Erin Delgado The property also includes a seperate caretaker's suite with kitchen. At $38 million, a seven-bedroom, 8.5-bath home. 2445 Makanano Ano Place | MLS 622093 | Courtesy of Re/Max Kauai. If youre looking for luxury beachfront real estate and are interested in seeing what makes these homes for sale worth investing in then read on and get excited because youre in for a real treat.