"}}, {"@type": "Question", "name": "What is the cost of living in Hawaii? This house is extremely secure and is situated along a private street close to Kahala and Waikiki. The lower level has a media room, full bath, gym and a bar opening to a 1,600-square-foot pool and spa. 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. HomeSnacks is reader-supported. How Much Is Car Insurance in Virginia in 2023? 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 founded the San Francisco-based investment banking firm Thomas Weisel Partners Group. . $1,150,000 Last Sold Price. And as far as bang for your buck goes, having the Ko Olina Lagoons in your backyard is a big plus. Hawaii also has one of the nation's highest median incomes at $80,729 annually. The place remains impressive, though. Source: Art Wager / iStock via Getty Images Hawaii: Urban Honolulu: >Cost of living in Urban Honolulu: 13.8% more expensive than U.S. avg. 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. The two of the three developed parcels have a 5-bedroom, 5-bathroom architectural marvel as the main house. This villa is one of those classic luxury homes; it comes with a swimming pool, a spa, a modern entertainment room, and a fully furnished kitchen. Copyright 2016, Hawaii Information Service. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. ", "acceptedAnswer": { "@type": "Answer", "text": "
Nanakuli is located on the island Oahu, about a 40-minute drive down the coast from Honolulu, the state capital and its biggest city. Kilauea, About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Heres a look at the most expensive cities in Hawaii according to the data: Chris Kolmar has been in the real estate business for almost ten years now. AN ELITE CAFEMEDIA LIFESTYLE PUBLISHER. ", "acceptedAnswer": { "@type": "Answer", "text": " Maintaining water features in arid Kona cant be easy.) Enjoy the view. Were taking a long swim up to Oahu island to get to our third cheapest place in Hawaii, Waianae. 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. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. 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. 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Overlooking Kauai's North Shore - and beyond - from its position above Secret Beach, this 28-acre, four-parcel estate awaits new owners to take its swankiness to the next level. 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. Like, taking a puddle jumper from the Big Island to Maui to surf or scoring tickets to Honolulus Ukulele Festival. 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. 4. Kauai's 15-acre Hale 'Ae Kai estate, with postcard views of the ocean and private steps down to Secret Beach, is currently the most expensive house for sale in the state of Hawaii at $70 million. The median income of a Hawaii household is $83,173. Whereas, the median home value in Aloha State is $698,900 (as of November 2022). This majestic home is a three-level suite house, and the rooftop gives access to every RITZ facility. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. 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. Out of the 10 homes on this list, only 2 have over 10 acres of land included in the sale. It is a quite good way to save some money. The median income in Kahaluu-Keauhou comes in at $79,742 and the median home value is $647,000 for 2023. The average living wage in Maui County is $103,095 . The oceanfront property has a huge living space of about 9,416 sq ft featuring a 10ft crystal chandelier."}}]}. Privacy is at the center of the villas main features as it has a green living wall surrounding the main entry points. The 11,379 residents of the town can enjoy Nanakuli Beach Park or head inland to the Nanakuli Forest Preserve. The cost of living in Hawaii is 20.0% higher than the US average. You get 8 acres of privacy in the middle of a resort. 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. Childcare costs $15,986 a year in Maui County for two children compared to the Hawaii average of $17,959. Oceanfront, 210 Naio Place Lahaina, HI, 96761 United States $16,000,000 4 Bedrooms 5 Bathrooms 4,720 Sq Ft. 1.03 Acre (s) Marketed By Island Sotheby's International Realty Video 4584 Makena Road Kihei, HI, 96753 United States $12,500,000 2 Bedrooms 4 Bathrooms 2,760 Sq Ft. 1.15 Acre (s) Marketed By Island Sotheby's International Realty Contract pending The 72-2747 Uluweuweu Akau Pl, Kailua Kona house is considered the most expensive house in Hawaii which costs $45,000,000. Rena Behar is a writer and editor living in Brooklyn. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. Another Oahu city and a neighbor of Ewa Beach, Kapolei ranks as the sixth least expensive place in Hawaii. 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. For starters, the median rent in Kapaa is $1,541, well below the statewide average. Perched on Kauai's North Shore in Kilauea above Kalihiwai Bay, you can see 180 degrees, Namahana Mountains to Kalihiwai Valley and the ocean beyond. This estate is located on over 237 acres on Kauais North Shore. And about that neighbor: Zuckerberg made headlines in 2014 when he purchased a whopping 700 acres in Kilauea for $100 million as a vacation getaway. Photo: 360 Property Photos. In most cases, the temperature can be up to 10 degrees cooler than down by the ocean. On JamesEdition you can find luxury homes in Hawaii of any size between 1 and 12 bedrooms with an average of 172 in size. Information is deemed reliable but not guaranteed. 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. 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. 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. Hale 'Ae Kai is listed for $70 million by Neal Norman of Hawaii Life Real Estate Brokers. You can step into the front yard and dive into the pool for an in-house immersion. Kohala Coast, The average home value in Hickam Housing is $0, the lowest in the state. 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. These houses are not only magnificent but also worth living in. The median price of homes in December 2021 was $1.06 million, a 22 percent increase . 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. This one is really well done. 1133 Ikena Cir, Honolulu, HI 96821 Price: $27,000,000 This luxury resort sits in harmony with the precious Hawaii Loa Ridge. It also caters to your automobiles with six parking areas and a beautiful driveway. More than half of the top 25 homes in Hawaii are located on the Kona Coast, and theyre all in private resort communitiesKukio, Mauna Lani, Mauna Kea and Hualalai. The 9 Most Expensive Homes in Hawaii 1. With Tourism Halted, Hawaii's Housing Market Takes a Big Hit. Copyright 2023 MLS Hawaii, Inc. All rights reserved. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilaueaestate situated atop a seaside bluff on the north side of the island of Kauai. About $ 462,800, the temperature can be up to 10 degrees cooler than by... 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