Have you ever heard of Paiko Lagoon?

If you live here in Oahu, you've probably driven right past Paiko Lagoon without ever noticing it. Even though it's just one turn off of Kalanianaole Hwy, it's a sort of secret spot for locals. With fantastic ocean front homes, a sandy beach, and nice calm water, it's the best kept secret in the Hawaii Kai area. I say "area" because it's not quite in Hawaii Kai, but actually considered part of the Diamond Head region in the Honolulu MLS.

This is kind of unfortunate, because Diamond Head makes people think of something very specific, something very not Paiko Lagoon. Paiko is a lot more like the Portlock area in that the shoreline is flat with small sandy or rocky beaches, and no waves at the shore. There are nice waves about a half mile out though. The water looks like this:

If you want to live in an ocean front home in Hawaii and you have about $3million, Paiko Lagoon might be for you.

This home sold for $3.3million a while back, with a great pool and as you can see, a very tropical island feel. You can live right on the beach or right across the street from the beach for about half the price. Some of the homes here in Paiko Lagoon might remind you of Portlock and other areas of Hawaii Kai, with their large open layouts and high price tags.

It's only about 2 miles from Paiko Lagoon to the middle of Hawaii Kai, with Costco, the Koko Marina center, and everything that you love about Hawaii Kai. So why is it included in the Diamond Head district? Beats me. It's farther to Diamond Head than it is to Hawaii Kai, so I guess it's just because Paiko Lagoon is west of the actual sign on Hawaii Kai Drive.

If you want to buy oceanfront property in Hawaii and you would like a nice beach with year round calm water, this is the place for you, for $3million.