Friday, February 15, 2008

East Oahu real estate's secret Gem

Last year I moved from Hawaii Kai to Aina Haina and bought a home that needed serious renovation. Aina Haina is renowned for having a great elementary school, one of the best schools in Oahu year after year. Also, it's about 15 minutes closer to town (Honolulu) than Hawaii Kai, and as a bonus, we have great surf just across the street.

Aina Haina real estate was built mostly in the 1950's and 1960's, which was a little bit before Hawaii Kai, so much of it is looking old, but on every street there is renovation and rebuilding happening right now.

In fact, not long after I bought my house in Aina Haina, another home was sold and then torn down so that the owner could build a new home there. One street over from me, a long time owner tore down his 50 year old house and has now put up a 4500sqft house, complete with all the most contemporary ammenities.

It's easy to drive right past Aina Haina from Diamond Head on the way to Hawaii Kai, especially since you get an ocean view along the highway here and there. (Aina Haina is technically in the Diamond Head region.) But Aina Haina is a wonderful little neighborhood with several hundred homes, many with ocean views. The valley consists of large 10,000 foot lots in the flat land, and smaller ocean view lots up in the top of the valley.

For ocean views, and especially for a renovation opportunity, Aina Haina may be East Oahu's best kept secret.

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Ocean View Home in Hawaii Kai

I have this house overlooking Portlock listed right now for $1.8million, which is a bargain for a home this size, with this view, in this neighborhood. This is the home that we featured on HGTV, with 4 bedrooms, 4 bathrooms, and over 3500sqft of living space. With beautiful ocean views from nearly every room in the house, it's a unique luxury Oahu home. This home sits about 100ft or so above the ocean, overlooking the homes in Portlock that are oceanfront. The difference between being right on the water and being a block back can be about $2million!

With so many people looking to retire in Hawaii, Oahu luxury homes are maintaining a strong market. Our latest large sale was a $22million estate on the beach in Kailua. Between Diamond Head, Hawaii Kai, Kailua, and the North Shore (Haleiwa and Sunset), Oahu has all kinds of luxury estates to offer with as much as several acres on the water.

The range of luxury homes is currently about $1.75million all the way up to $25million, and many of the buyers are international, which means our current weak dollar is helping their buying power!

Contact me for Hawaii Luxury Home information or a private viewing.

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