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. Living large comes easily in this grand Pavilions estate. Oaktree manages $47 billion worth of investments, according to Forbes, putting him in good company with his wealthy neighbors. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Luxury, 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. 20 Kai Ala Drive. Designed by Hawaiis premier architect, Jeffrey Long of Long & Associates, this magnificent island contemporary home offers a lifestyle found nowhere else in the world. 85 on its 2009 list of the 400 richest Americans, with a net worth of $3.5 billion. The average interest rate nationally for a 30-year fixed mortgage recently was 2.7%, which means the current affordable price could be over $1,026,800 for a two-bedroom home. Besides the coveted, surreal location, what else makes this home special? Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. Save this listing and receive e-mail updates if the status of the property changes. Hawaii Property Tax Calculator - SmartAsset Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. Listing provided by Hicentral MLS $23,000,000 6 bds 6 ba 4,947 sqft He sold his mansion on the Bluffs of Mauna Kea (No. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. Three factors household income, family size and interest rates are mainly used to compile annual housing affordability tables. Popular locations in Australia that also could be worth exploring are Sydney, Mosman, Strathfield, Brisbane City and Glenorie. The home is on the market for $799,000. October 31, 2018 Send a message and we'll respond shortly. Its owned by H25A LLC, which has its Los Angeles office at the same address as Oaktree Capital Management, chaired by Howard Marks. 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. South Side, This elegant multi-level contemporary oceanfront home located near Doris Duke's famed Shangri La Estate boasts some of Honolulu's finest views of an azure cove, coconut-lined white sand beaches, surf, sunsets and, of course, Diamond Head. 51 Kaikea Place, Kailua 96734 | MLS #:201715306. Developers note that affordable-housing regulations require a range of affordability that can include lower price limits tied to incomes at 80% of the median, and that maximum regulated prices are typically above realistic selling prices because of conditions put on buyers and competition from market-price homes. The infinity pool and outdoor covered lanai are completed by a poolside barbecue and entertaining area. Avoid headaches with our guide. 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. What I love: In conclusion, 9 out of the 10 homes are located on Kauais green and lush North Shore. North Shore, These are people not only rich enough to afford one $20 million house, but several of them, in different parts of the world. Of course, those are just two examples of the kinds of stunning homes in Hawaii that would cost you a fortune. This information is believed to be accurate. Theres room for expansion, too; Toyota also owns the adjacent lot, which is assessed at $4.7 million. The resolution, which asked HHFDC to report the results of an analysis to the Legislature before this years session, did not get a hearing and was not adopted. The Maui retreat has obviously inspired McCafferythe investment management firm of which he is the CEO is called Makena Capital Management. This is one to look more closely into. Ocean, waterfalls, and sunsets, are only what nature has pleasantly provided. This is currently the most expensive home for sale in the esteemed Kukuiula community. 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. This island is home to some stunning natural beauty that will make your jaw drop! Nearly half of the 20 homes that sold for $10 million or more last year on Hawaii Island were at the exclusive Kkio Golf and Beach Club, including a $34 million house that was among 2021s top five statewide. Used under license. Property listed by List Sotheby'S Int'L Realty. In Central Oahu, developer Castle & Cooke Hawaii delivered its first market-priced home at Koa Ridge in November and expects to have an initial increment of 140 affordable homes finished late this year and early next year as part of an agreement calling for 1,050 affordable homes at the3,500-home project between Waipio and Mililani. Zillow, Inc. holds real estate brokerage licenses in multiple states. That kept things simple, but meant overlooking a few fabulous estates that comprise multiple parcels, such as the 174-acre Tara Plantation on Kauai, which sold in 2009 for $28 million. Its a 3 bedroom, 3 bathroom luxury property with 2,900 square feet inside but 12,118 square footage of land. Though 73% of the homes are valued at $1 million or more, less than 42% of households in the city earn $200,000 or more annually. Since 2007, 20 homes have sold for once unthinkable nine-figure price tags, though many more have tried and failed. . As the pinnacle of elegance and privacy, the exclusive listings of West Maui offer the kind of luxurious lifestyle that few are privy to. For more information, visit 1600 Asylum Ave.'s real estate listing. That limit equates to $123,480 for a single person and $176,260 for a family of four. 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. But Kawamoto does not live in any of the properties. 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. This resort-like property includes a caretaker's cottage and is fully furnished. An updated cottage is on the market for $900,000 and offers three bedrooms and two bathrooms in 1,800 square feet. Ft List Price: $2,100,000 The price of the home purchased by Adam Weiss and Barret Swatek on July 30 is the second-highest sale in Hawaii, said. Please note your appointment is not confirmed until an agent calls you. Well, just check out this multi-million dollar property located in Kapalua. Want to stay up to date with these properties or others on our beautiful island? 1118 Ala Moana Boulevard, GPH 36, Honolulu|MLS #:201612214. Operating farm coconuts, citrus, extensive orchards, and exotic palms. In fact, there are only six Oahu properties on the entire list. It's got spacious,. 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. the Saudi governmentAKA the . When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. 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 Khala Avenue property. It would be hard to find a more spectacular location for a dream home. Palm Beach, Florida, was third with 203 sales. The amount of dwelling coverage makes a big difference in rates. 7. Los Angeles was the top market with 628 properties selling for $10 million or more, followed by New York Citys Manhattan with 326 transactions. Cheng & WCIT Architecture, along with internationally acclaimed interior designer Tony Ingrao, this home rivals the great penthouses across the globe. The agent who gave you access to this website is no longer with Locations LLC. 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. John W. Hoffee II is the retired founder of Temecula, California-based Professional Hospital Supply. So $1 million will get you a nice place to live, but it won't get you the best. 10 Stunning Million-Dollar Homes In Hawaii, $11.9 million Hawaiian estate that musician Carlos Santana sold, Hawaiian home that golf star Vijay Singh put on the market for a whopping $23 million. Request an appointment to view this property by completing the information below. Read my blog about the Kilauea Real Estate Market. In Waipahu, where the median price rose by 14% to $840,000, the number of single-family homes sold nearly doubled to 23. At the planned Kakaako condo tower Ililani subject to HHFDC guidelines, below-market prices for units with one to two bedrooms range from $459,400 to $649,100. 3047 Kahalawai Street | MLS 611978 This is currently the most expensive home for sale in the esteemed Kukui'ula community. Designed in 1964 by renowned Hawaii archtect Vladimir Ossipoff the home is reminiscent of old Hawaii but upgraded with modern amenities, including an open floor plan and pool. 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. If you have any questions about these beachfront properties in Hawaii or other listings, make sure to contact us today. 1. Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. That's not to mention the dolphins that tend to swim around the residence. This property happens to be the most expensive parcel in Hualalai, and looks out onto the greens of the exclusive Hualalai golf course. This five-acre west-Maui estate is located in the exclusive gated community of Pu'unoa Estates. Maintaining water features in arid Kona cant be easy.) Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. The 84 homes are expected to be sold later this year for $267,750 to $511,350 for studios to two-bedroom units. 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. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. 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. Featured in Forbes Magazine and Architectural Digest, this intimate home includes private deeded beach access to one of Diamond Head's finest beaches and is close to the shopping and dining of the Waikiki and Kahala nieghborhoods. 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. Sorry for the inconvenience, Locations LLC. The .7-acre lot is assessed at $13.3 million. Hawaii County might take a page from Honolulu's playbook and tack an extra property tax on multi-million dollar residences. This coastal California property is less than $500,000. Copyright 2023 HiCentral MLS, Ltd Golf Course, Waiea represents a new level of luxury in Hawaii and is the flagship building of Honolulus most distinguished urban neighborhood, Ward Village in Kakaako. 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). Their guidelines clearly need revamping.. The national average cost of home insurance is $2,777 a year or $231 a month for a policy with $300,000 in dwelling coverage and liability and a $1,000 deductible. Just minutes away are the Shops at Kukuiula where you can find fine dining, fresh boutiques, and a bustling community. 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. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM. Buyouts have been good for Roberts: Forbes ranked him No. Million-dollar homes aren't common in most towns. Genshiro Kawamoto, a Japanese billionaire in his eighties, owns 27 multi-million-dollar mansions over a 1.5-mile stretch of Kahala Avenue, an oceanside stretch of road that the New York Times called the " Beverly Hills of Oahu .". $10.9 million. . Brokers. The New York City metropolitan area where an apartment . Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. Currently, there are three oceanfront homes in Kailua Kona for under $1 million. The 15.3-acre. if (d.getElementById(id)) return; To start your real estate search, simply enter your property type whether a home, condo, townhouse, or vacant land and then your specific location. Prices in the initial affordable subdivision dubbed Malina have not yet been set, but would largely align with city guidelines allowing homes priced from $400,000 to $700,000 for households with two or three people earning up to 120% of the median income. Hawaii) will have less property taxes than a $250k home in other jurisdictions (e.g. In addition to the main 4-bedroom, 4.5-bathroom residence, the property also includes a 3-bedroom, 3.5-bathroom guest residence and outdoor entertainment pavilion with poolside bar, kitchen and spa bathroom. Sellers, Moving to Hawaii, As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. Found in Honolulu, this Hawaiian home is light, bright, and airy thanks to the white walls, vaulted ceilings, and large windows. 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). Square Footage: 7,500 (includes outdoor living space) Beds/Baths: 5 bedrooms and 5 bathrooms, with two partial baths. Already have an account? under roof Designed by world-renowned architect, Bing Hu Brokerage. Pictured here are homes under construction earlier this month. Real Estate, 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. Real estate agent Jeffrey Fox brokered the 1997 sale to its current owner, Kirin Planning. 11 stunning island and beachfront homes for sale across the US for under $1 million. For Sale, The current U.S. median home value is $182,500, according to Zillow. With a resort-sized infinity pool, spa, sweeping views and close proximity to Downtown and Waikiki, you could make this home your own mini-resort or add additional homes to the site for a palatial family compound or corporate retreat. Makakilo's median single-family home price rose 26%, from $786,000 in January 2021 to $994,000 this year. Perry says some ultra-high-end buyers who may have looked at the Neighbor Islands in the past are now checking Oahu. We chose homes that are for sale right now for around $1 million so that you can see how far your real estate dollars will stretch around the country. Property listed by Sachi Hi Pacific Century Prop. The highest price recorded for one property in Hawaii last year was $45 million for a beachfront home on Maui, one of the highest prices ever for a home in the Islands. Simply stunning! $17 MILLION Mansion on Oahu, Hawaii - Home Tour Aloha Films 6.01K subscribers 2.5K Share 192K views 4 years ago HAWAII KAI Smash the like button for this luxury real estate home in. A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. [Click here for more information](/info/mls-disclaimers/#mls_726) 2. Listed for $30 million, Idaho's new most . 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. Please be nice. 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. We have 3,212 luxury homes for sale in Hawaii, and 466,097 homes in all of United States. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Buyers, Ocean View, If you have $3,995,000, then you can snap up this unique home in Haiku, Hawaii. 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. questions. 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. Designed by Hawaii's premier architect, Jeffrey Long of Long & Associates, this magnificent island contemporary home offers a . }(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. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Developers in Kakaako, however, also may deliver affordable housing under HHFDC rules if they produce a greater share of below-market homes. 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 funeral homes dixon mo. 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. All three are just adorable, but perhaps my favorite is the home next to Honl's Beach, currently listed for $895,000. This circumstance exists under guidelines of a state agency that helps developers produce affordable housing and occurred as mortgage interest rates fell to very low levels in recent months. On this compound youll find: The Seacliff Plantationhas 48 building sites ranging in size from 3 to 10 acres.