BEACHSIDE, KAILUA NEIGHBORHOOD
LUXURY & BEACHFRONT HOME FOR SALE IN KAILUA, OAHU
9/28/2009 [2009 SALES DATA] [PAST SALES DATA]
| ABOUT BEACHSIDE, KAILUA, OAHU The Beachside Neighborhood in Kailua is one of Kailua's and Oahu's most prolific luxury home and beachfront home neighborhoods. All of the homes in the Beachside area of Kailua are located beachfront or within a short walking distance to the beach. Many homes, even some of those with a busy street address like Kalaheo Avenue, are down quiet streets and off private lanes. There are several mini-neighborhoods and HOA's, in these charming beachside lanes, with amenities not usually seen in Kailua, like underground utilitites, and most having a private beach access path for residents. There are also several public beach access points in the Beachside Neighborhood in Kailua. Prices in the Beachside Neighborhood of Kailua can start in low 7 figures, usually around $1.0 for fixers or tear downs on Kalaheo Ave. and range to possibly, $9-10 million, (and double that for larger sized parcels and luxury homes and estates that could be further subdivided to still large lots). These super-deluxe Kailua luxury homes can be sprawling Balinese or plantation-style compounds, while the lesser expensive homes may be shabby beach cottages and anything in-between. Lots vary in size as well, usually, from around 10,000 square feet to over an acre, though there are a few smaller lots resulting from property CPRs. Zoning in this area is typically R-10, meaning one single-family residence per 10,000 sq ft. There are both homes and a few vacant lots available. Older homes, unless of historical significance tend to get torn down and replaced in this area. |
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The Beachside Neighborhood of Kailua, where some of the best luxury homes on Oahu, is located in the perfect location, along the 3 miles of white sandy beaches of Kailua Bay (on the makai side) bounded by and including the even-numbered side of North Kalaheo Drive (but not including all of N. Kalaheo). To the Northwest, it is bounded by the Kaiwanui Canal to the ocean, and to the Southeast by Kailua Road and the Kawailoa neighborhood (Kailua Beach Park). The Beachside Neighborhood includes the prestigious Castle Point area, with incredible luxury homes and estates, an area once owned by Harold HK Castle. Also, the coveted subdivision of Kainalu Park, with some luxury estates and some more modest homes, and small associated areas and associations such as Dune Circle, L'Orange, etc. Public schools are Kailua & Kainalu Elementary, Kailua Middle School, and Kailua and Kalaheo HS, depending upon location. Private school, St. Anthony, is within walking distance for most areas and goes PS-8th. Grocery and restaurants all within a mile from most locations.
PAST SALES DATA FOR BEACHSIDE NEIGHBORHOOD IN KAILUA
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From 2004-2008, the number of sales in the Beachside are of Kailua remained somewhat stable, dipping the most in 2006. Average prices increased most significantly between 2004 and 2005, with a notable increase again between 2005 and 2006. However, it is important to note that average sale prices in 2006 and 2008 were both skewed upward* by very large (over $20 Million) sales of large properties. Median prices saw increases also through 2006. The median sale price, however, has been dipping by about 10% a year over the past few years.
In summary, the statistics for the Beachside Neighborhood of Kailua over the past several years are as follows: |
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Year |
# Sales |
Median Sale Price |
Average Price |
Average DOM |
Avg Sale to List |
| 2004 | 21 | 1,325,000 | 1,869,023 | 67 | 95 |
| 2005 | 19 | 1,900,000 | 2,668,143 | 82 | 96 |
| 2006 | 16 | 2,195,000 | 3,770,062* | 85 | 95 |
| 2007 | 21 | 2,000,000 | 2,938,714 | 82 | 93 |
| 2008 | 18 | 1,800,000 | 3,996,055* | 68 | 93 |
| 2009 SALES DATA FOR BEACHSIDE NEIGHBORHOOD IN KAILUA - KAILUA LUXURY BEACHFRONT HOMES |
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This year, with only one quarter left in 2009, the number of sales in the Beachside Neighborhood of Kailua is already down significantly. As of the end of September 2009 there have only been 10 sales, with the median price at $2,195,000 and the average price at $3,180,500.
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BEACHSIDE HOMES SOLD IN 2009, THROUGH Q3 2009 STATS THROUGH Q3 Median Price: $2,275,000 |
Right now (end Q3 2009), there are 23 homes on the market. Over half of these are on estate sized lots (i.e. around 1/3 acre or more). The former Castle Estate, now listed for $15M, is on 1.5 acres at Castle Point, with three homes, but in the process of being divided into three single-family lots. Another 2/3 acre lot with a compound of two new residences on South Kalaheo, near Kailua Beach Park, is listed for $21,000,000. The home at Castle Point, used by President Obama for his vacation last year, is also for sale. Many of the homes currently for sale are newly renovated/developed properties, resulting from speculation in the boom years of 2004-2006 and the division of some larger lots. Some of these are now lender/investor owned, due to the market downturn and inability to build/sell. As you can see, average days on the market has gone up tremendously, more than doubling. May be time to see some major price reductions for some of these. If you want more specifics on what is currently on the market, please contact me directly at 808-721-8088. I didn't want to post all of the sales data here, because prices and availability may change frequently. |
| HOMES SOLD THROUGH Q3 2009 - BEACHSIDE KAILUA | |||||||
| Address | Lnd SqFt | Liv SqFt | Beds | Baths | Yr Blt | Price | DOM |
| 224 N Kalaheo Ave | 11,020 | 1,420 | 2 | 1/1 | 1951 | $ 780,000 | 71 |
| 24 N Kalaheo Ave | 10,925 | 3,127 | 3 | 4/0 | 2008 | $ 1,250,000 | 86 |
| 61 Kai One Pl | 10,000 | 3,100 | 4 | 4/0 | 1965 | $ 1,495,000 | 283 |
| 33 Kalaka Pl | 10,002 | 3,317 | 5 | 5/0 | 1950 | $ 1,800,000 | 13 |
| 169 Kailuana Lp | 10,080 | 3,124 | 4 | 4/0 | 1968 | $ 1,900,000 | 265 |
| 27 Kai Nani Pl | 13,906 | 3,679 | 4 | 3/1 | 1956 | $ 2,650,000 | 83 |
| 21 Pilipu Pl | 13,899 | 3,008 | 5 | 3/2 | 1960 | $ 3,000,000 | 86 |
| 141 Kailuana Lp | 27,293 | 5,201 | 5 | 4/1 | 1969 | $ 5,000,000 | 314 |
| 57 Kailuana Pl A-1 | 24,202 | 4,606 | 4 | 4/2 | 2006 | $ 6,830,000 | 313 |
| 41 Mahiloa Pl | 32,324 | 4,721 | 6 | 6/0 | 2007 | $ 7,100,000 | 292 |
Looking to buy or sell a luxury or beachfront home, or a relaxed beach cottage or retreat in the Beachside Area of Kailua, Oahu, Hawaii? Or would you like help with luxury homes on Oahu in other areas of Oahu? I can help - I have specialized training in working with buyers of upscale homes and have 20 years experience in counseling and advising senior business executives and business owners, as well as handling multi-million dollar business transactions. I make it a point to stay up to date on market statistics and trend and track the relevant data. My membership in the Insitute for Luxury Home Marketing includes global networking and special resources for the luxury home market. Proud to be a full-service REALTOR-Broker and licensed transactional attorney, I help my clients get the best price in the shortest time, with the most information and the least hassle.
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