Waihee-Waiehu is located in the east coast of western Maui. 145 Kailuana Loop, Kailua, HI. 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. Guy Laliberte, the founder of the internationally known circus, is worth $2.5 billion, according to Forbes most recent list of the worlds billionaires. All rights reserved. So we used that cost of living index in order to rank all of the 51 places in Hawaii that have more than 5,000 people. These houses are not only magnificent but also worth living in. Searching cheap houses for sale in Hawaii has never been easier on PropertyShark! We assembled a similar list in 2005, limited to the City and County of Honolulu. 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. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. May we suggest a car dealership? 3. 5. Enjoy the view. In 2016, two penthouses at Honolulu's Waiea. 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. Kukio, The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Meanwhile, the pandemic has created a "seesaw effect" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas. 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Artist Christian Riese Lassen is known for his paintings of vibrant oceanscapes and sparkling dolphins, and his Kapalua home is inspired by that Technicolor turquoise aesthetic. Part of the mansion's lushly planted acreage is devoted to a working farm of coconuts, bananas, white pineapple and citrus trees. 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. In fact, residents of Waihee-Waiehu pay the eighth lowest percentage of their income on homes, and the third lowest on rent. Buyouts have been good for Roberts: Forbes ranked him No. Hawaii island is once again the most affordable option, while Oahu is by far the most expensive. Weisel is a three-time world masters cycling champion. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. The luxe interiors of the eight-bedroom home give off an Indonesian vibe. He packed his home with amenitiesJacuzzis, two pools, waterfalls, a billiards room, and invited over celebs such as Kareem Abdul Jabar and Lionel Ritchie. Urban Honolulu, HI: 11 #2. Its owned by H25A LLC, which has its Los Angeles office at the same address as Oaktree Capital Management, chaired by Howard Marks. But, cultural assets aside, what are the most valuable homes currently on the market? Owners Charles and Elizabeth Thieriot frequently rent the place out for extravagant vacationers. In this villa, you can see the ocean raging waves straight from the living room. 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. All rights reserved. And from snorkeling with the turtles at Makaha Beach to just chilling on the soft sand at Pokai Bay, were pretty sure money troubles wont be on your mind here. The most expensive listing in Hawaii is a part of the Kukio Golf and Beach Club, a private community on the west coast of the Big Island. The owners pavilion includes an openchefs kitchen, media room, and exercise room, as well as a bar that also serves the pool area. But comparatively speaking, putting down roots in Ewa Gentry is relatively reasonable. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. If that is not enough, it has a direct view of the coast, its sandy beaches, and the neighboring harbor. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. Your email address will not be published. And that, folks, would be Hawaiian Paradise Park. When we rounded up the 25 most expensive homes on Oahu in 2005, this Kahala house topped the list. In fact, there are only six Oahu properties on the entire list. Here's the list of America's 10 most expensive states to live in: #1 HAWAII 2022 Cost of Living Score: 1 out of 50 points (Top States Grade: F) Consumer Price Index (May, Honolulu Area): UP. Kailua. Metros with the most cities in the top 30 in Hawaii #1.. Enes Yilmazer 3.05M subscribers 934K views 2 months ago #MegaMansion #MansionTour #maui Thanks to L'OR Coffee for sponsoring a portion of this. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. It would be hard to find a more spectacular location for a dream home. This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. Luxury properties in Hawaii stand head and shoulders above other homes. . Kai Moena: Once owned by the Rothschild family, this nearly 1.5-acre piece of property includes 250 feet of white sandy beach. This oceanfront Kukio property grabs the No. The cost to build a house in Hawaii is anywhere between $201,000 to $310,000 to build a 2,000 square feet home. 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? Reality-TV star Kendra Wilkinson takes the plunge into the hyper-competitive LA real-estate world in the six-part limited series, Kendra Sells Hollywood streaming on discovery+ and with a special preview airing on HGTV. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. , Real estate transactions demonstrate that people are willing to pay more for properties with good views and standard features such . 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. Homes in Waimea go for about $462,800, the eighth lowest in the state. An example of data being processed may be a unique identifier stored in a cookie. This luxury property sits on a 7,000 sq ft parcel of real estate. The median home value in the area sits at $392,800. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. With 360 degree views from mauka to makai, the price tag of this property speaks to the fact of the priceless location in Hanalei. The main living area in the central pavilion is on the upper floor with living and dining rooms, a large chef's kitchen, office and bedroom suite. (There are no lots 2 and 3Dell combined three 1-acre parcels.) S Kalaheo, Kailua, Oahu (MLS# 201510589), Hale Komodo is located beachfront on Oahus famed North Shore. In this video, we take a look Inside The MOST EXPENSIVE House in Hawaii, USA! Information is deemed reliable but not guaranteed. You can find out more about him on LinkedIn or his website. Finally, you will get a poolside bar alongside a spa and a four-car parking space. Hilo, HI: 4 Read on to see which cities made the list. Guests have included everyone from Prince to Michael Jackson and Mel Gibson. The resort is also close to a world-class shopping center. 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. Zip codes are ranked by the Zillow Home Values . We aim to deliver bite-sized pieces of infotainment about where you live. This information is believed to be accurate. Pete has been working in the trades since high school, where he first developed a passion for woodworking. Can It Bounce Back? The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? Property owners are welcome to join the Kukio Golf & Beach Club, a private club with first-rate amenities located on the seaside. 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. 72-2747 Uluweuweu Akau Pl, Kailua Kona house was sold in December 2020. 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. Copyright 2023 House Grail. This expensive state is the only one outside of North America, the only island state, and the only state in the tropics. Kailua Kona, With CEOs and celebritiesbeing some of the clientele purchasing property,the assembly of luxury homeowners is a list that continues to grow. 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. It borrows greatly from 18th-century French architecture and mixes it with a pinch of modern Mediterranean buildings. Mountain View, The average living wage in Maui County is $103,095 . It has been provided by sources other than the Realtors Assoc. Now state leaders are ready to start opening back up to visitors. . 2 most expensive house, for example, is officially owned by Kukio Limited. Another historical property, Villa Leopolda in the French Riviera, is valued at an impressive $750 million. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. Hotels in Hawaii are very common, but unfortunately, they won't be the best for your budget. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Even more importantly, with a median income of $95,667, Waimea residents enjoy the second best home price to income ratio in Hawaii. Discovery, Inc. or its subsidiaries and affiliates. 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. There is plenty of land to add outdoor sports courts or additional buildings. [Click here for more information](/info/mls-disclaimers/#mls_726) At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. Though we can't crown a #1 Most Expensive Neighborhood definitively, you're guaranteed it's in here, along with 10 more that tie for #2. Here's where it all takes a left turn. This house is extremely secure and is situated along a private street close to Kahala and Waikiki. 4747 Kahala Ave. Metros with the most cities in the top 30 in Hawaii #1. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. 1995-2016 Honolulu Board of REALTORS. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). The man behind the masterpiece is architect Roy K. Yamamoto, whose work includes the Westin Maui and Hilton Waikoloa. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. Inside The MOST EXPENSIVE House in Hawaii, USA! After visiting the remote Hawaiian island of Lanai, the billionaire founder of Oracle loved the property so much . Built in the early 1900s, this plantation style home sits on world-famous Hanalei Bay. of Maui and should not be relied upon without independent verification. in Hawaii, Anini, The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. 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