Two distinctive and stunning properties sold in Hawaii Kai in August, both for $2,700,000. Visit my web site blog post for details on numbers and comparisons to last year. What I want to emphasize here is that good prices are still available - but - prices are rising.
Four homes have sold this year over $2,500,000, three in Koko Kai - arguably the most prestigious address in Hawaii Kai with the best views, but not oceanfront - and a waterfront home in Portlock.
The Portlock home, built in 1944, was small by standards used now for oceanfront properties, 1,546 SF, but on a 17,515 SF lot with 93' of oceanfront - beach on Maunalua Bay. Wow!
What do you think of this view! Diamond head, Maunalua Bay toward Molokai, and the beach with a backdrop of the bay and mountains. Plenty of land to rebuild or remodel and showcase that view.
Here is a chart provided by Altos Research (on my web site Hawaii Kai Market News Page) that shows pretty graphically the price appreciation in the Honolulu area, of which Hawaii Kai is a part. In the 1st 8 months of 2009, only one home sold over $2,500,000.
So - call or email me today to look at the homes and prices in Hawaii Kai, while rates are still at historic lows and inventory is high. Think of walking the beach in Portlock every day and watching the sunset over Diamond Head. If you want this lifestyle, let's start previewing homes.
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