Today there are just 12 active listings on Hawaii Island for $10 million or more, three of them at Kkio: Thirty-year-old developer Adam Wong has an intoxicating vision for a vibrant and affordable Honolulu. Oahu currently has 18 active listings for single-family homes priced at $10 million or more. listings agent to show a property. The second-most expensive home on the market is also a penthouse in the Waiea building. That's up from 4.8% (3.5 million . Privacy Policy. Ward Village must include around 900 below-market homes under a master plan subject to pre-2018 price limit guidelines tied to 140% of the median income. Pool, Avoid headaches with our guide. Carlos Santana Spends $20.5 Million on Hawaii Vacation Home 75-5916 Alii Drive This home ( MLS# 250280) is old Hawaii-style with a covered lanai running the length of the home. Here's What A $1 Million Home Looks Like In All 50 States - BuzzFeed 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. Much of HHFDCs work helps developers tap federal and state tax credits that finance housing for low-income households. When it comes to luxury living, nowhere else in the world can compare to Maui. Read this story for free: Watch an ad or complete a survey, Hawaiis vaccination eligibility to expand earlier to 70-plus age group, Hawaii Real Estate Sales: Jan. 18 Jan. 22, 2021, By Andrew Gomes agomes@staradvertiser.com. 2 most expensive house, for example, is officially owned by Kukio Limited. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for "affordable" housing in Honolulu under a state guideline. By registering, you are 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. Half the affordable Sky units come with a condition allowing the city to acquire the home for a below-market price if an owner sells within 30 years, and the other half will have a buyback term between 10 years and 30 years depending on buyer demand. Hawaii County might take a page from Honolulu's playbook and tack an extra property tax on multi-million dollar residences. Hawaii's 'million-dollar reefs' need more funding to protect us, study Japanese Billionaire Owns 27 Houses In 'Beverly Hills Of Oahu' - HuffPost May we suggest a car dealership? To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. 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. Haena Point serves as the perfect gateway between Mauka (Mountains) and Makai (Ocean). 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. Designed by Hawaiis premier architect, Jeffrey Long of Long & Associates, this magnificent island contemporary home offers a lifestyle found nowhere else in the world. This modern 1.43-acre oceanfront estate claims 185 linear feet of beach frontage and includes a tennis court, pool and Jacuzzi lush set among lush tropical landscaping. Vacation Rentals. 87-3163 Hawaii Belt Rd, Captain Cook, HI 96704 - 1 bed/1 bath Number of $1M+ Homes to Continue to Rise - DSNews d.getElementsByTagName('body')[0].appendChild(js); At least eight homes on the North Shore of Kauai each sold for more than $20 million. Posted on A Record 8% Of U.S. Homes Are Worth At Least $1 Million - Forbes 500 Ala Moana Blvd. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. Its owned by George R. Roberts, the co-founder of a global leveraged buyout firm called Kohlberg Kravis Roberts & Co. (For an idea of how the business works, check out the 1990 book, later made into a movie, detailing his firms leveraged buyout of RJR Nabisco, entitled Barbarians at the Gate.) Sitting on the water, this stunning four-bedroom home costs $2,695,000. 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). 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. LAURA RUMINSKI/West Hawaii Today A luxury home on the beach at Kukio. 11 Island and Beachfront Homes for Sale Under $1 Million - Business Insider 2. 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. Louisville KY Luxury Homes for Sale - Garretts Realty This is currently the most expensive home for sale in the esteemed Kukuiula community. Not willing to change her identity to be part of the industry, Mahina Florence is at the height of her career because of her flawless Hawaiian complexion, strong athletic build, and friendly aloha spirit. The affordable home price ceiling is based in part on a 3% interest rate and a 5% down payment. Compare your rate to the Hawaii and U.S. average. 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. In most cases, the property details are also based on publicly available city and county data. What a $1 Million Home Looks Like in Every State | Work + Money Thanks, Window Washing Service Jefferson Park, Denver, CO, https://www.ktvn.com/story/43461794/signature-window-washing-company-celebrates-6-years-in-business, One of the benefits of living in Hawaii is the opportunity to be outside just about every day of the , One of the best things about living in the Hawaiian Islands or even just visiting is experiencing the , If you havent purchased a property on Maui before, this will be your quick guide on what the process looks , No Reserve Auction: Build Your Dream Ocean View Compound on Rare 15 Acres with Opportunity for AG Structures & Potential . This Hawaii Kai home, situated in the Triangle neighborhood (adjacent to prestigous Portlock), offers many special touches, including sandstone wall relief features, professional-grade home theater with reclining leather seating for eight, a seperate ohana cottage, water features and many home automation features (including lighting, doors and fans). This diamond of a property belongs to Bandel and Paula Carano. What a Million Dollars Will Buy in These States Alaska: 4 Bedroom, 4 Bath in Chugiak Price: $995,000 Square feet: 5,631 Year built: 2009 Check out the: 2.5-acre lot Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure. From cascading waterfalls to multi-island views, its no wonder Maui is making a name for itself as the hottest spot for multi-million dollar listings. The median price of a Maui home topped $1.1 million in June. Schutter was the kind of guy who would drive around town in a Rolls Royce convertible with the license plate Sue Em.. This five-acre west-Maui estate is located in the exclusive gated community of Pu'unoa Estates. Shown are a pair of renovated 3-bedroom units in the Kuapa Isle townhome complex in Hawaii Kai that recently sold for $1 million. 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. Share this property by completing the the form below. This Is the Most Expensive Home Ever Sold In Hawaii Estates, 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. Anne Hogan Perry of Compass represented the buyer in the highest-priced transaction last year on Maui and also represented the buyer and seller in a $10.4 million Diamond Head sale on Oahu last year. There Are More Million-Dollar Homes in the U.S. Than Ever Before. But *Want more? This is one of the few properties on our list that sold for less than its assessed value. An average home in the area will set you back around $863,632, according to Zillow. Want to stay up to date with these properties or others on our beautiful island? [The owner] wanted the design to reflect that Barcelona style, recalled Yamamoto when HONOLULU interviewed him in 2005. This huge, 5-acre estate is the farthest north of all our Kona Coast propertiesits on the edge of the Mauna Kea Resort, next door to the old Lurline Roth estate. One note: We restricted this list to single parcels as defined by the county tax offices. Listing provided by Hicentral MLS $23,000,000 6 bds 6 ba 4,947 sqft of living space, Designed after the iconic St. Regis Hotel, Sand-bottom spa and a man-made sandy beach for the keiki (kids), 15-acre compound spanning an ocean bluff on Kauais North Shore, The licensed vacation rental can be yours for a nightly basis averaging $8,000, Inspired by Balinese architecture, the main house is composed of 4 pavilions, each connected by covered breezeways, Private walking path down to Secret Beach, Main house +10,000-Sqft. The land is currently valued at $14.3 million. HUD's Dollar Homes Initiative for Local Governments | HUD Homes for Sale On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres. We celebrated National Take a Hike Day (Nov. 17), with a round up of our top picks for the best hikes on the Island. http://locationshawaii.imgix.net//locationsimages/logo.png. After all, a $1 million home loan with zero down payment and a 4.16% interest rate has an estimated monthly mortgage payment of $6,000 that's a lot more than the average homebuyer can afford. Just take a look at the incredibly impressive and expensive $11.9 million Hawaiian estate that musician Carlos Santana soldor the Hawaiian home that golf star Vijay Singh put on the market for a whopping $23 million. Besides the coveted, surreal location, what else makes this home special? Of course, those are just two examples of the kinds of stunning homes in Hawaii that would cost you a fortune. Get instant access to all of our 10,000+ Hawaii listings. Zelensky has a 35 million dollar mansion in Miami, which is a few blocks from the president of Kazakhstan's mansion on Collins Avenue, all while Americans are priced out of their own housing market. Learn more. Used under license. What is LocationsHawaii.com? They need to be revisited and they need to be redone.. Oceanfront, Your friend will receive an e-mail from you with a link to view the details of this property. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million, which technically could qualify as affordable housing if HHFDC guidelines applied. Once you click Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. [Click here for more information](/info/mls-disclaimers/#mls_726) This information is believed to be accurate. For example, a $1.6 million-dollar listing in Los Angeles would not be considered a luxury home. An odd thing has happened in the realm of affordable housing on Oahu. $10.9 million. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. #7-500 While there are sure deals to be found, real estate happens to be pretty darn pricey in paradise. Effective Jan. 1, 2020: The VA Loan Limit is NO LIMIT! - Hawaii VA Loans Log in now to continue reading this story. However, some of the biggest master-planned communities on Oahu are now in relatively early stages of producing hundreds of homes subject to the older, higher limit. Los Angeles was the top market with 628 properties selling for $10 million or more, followed by New York Citys Manhattan with 326 transactions. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. 13) in order to move a few miles down the coast to one of Kukios newer developments. The owner is yet another investment banker: Paul Stephens, the chairman and a partner of Stephens Investment Management, and the co-founder and managing director of RS Investments, a San Francisco-based management group that manages more than $7 billion in assets. Waiea represents a new level of luxury in Hawaii and is the flagship building of Honolulus most distinguished urban neighborhood, Ward Village in Kakaako. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. 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. What I love: In conclusion, 9 out of the 10 homes are located on Kauais green and lush North Shore. The distribution of these palatial properties is also illuminating. Since the protective reef provides year-round calm water, many are able to enjoy the numerous ocean activities including, boating, swimming, snorkeling, fishing, windsurfing, and biking. Square Footage: 7,500 (includes outdoor living space) Beds/Baths: 5 bedrooms and 5 bathrooms, with two partial baths. Listed for $30 million, Idaho's new most . Your next dream home may just be a click away. The Tax Rate on a $2 Million Home in Each U.S. State - Mansion Global 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. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. 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. 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. Some 176,243 cost at least $1 million out of 372,659 in the city, where the median home value was $968,800 according to the study, which used the census' 2019 American Community Survey with. Horan also believes that, along with other experts, only. 2,406 Sq. 6 Beds 5 Baths 6,000 SqFt Residential MLS # 1630071. The No. Please help us to better serve you by answering these optional Chikako Takeda scored this Kahala Avenue monster for a thrifty $9.7 million in 2002. In Waipahu, where the median price rose by 14% to $840,000, the number of single-family homes sold nearly doubled to 23.