If you like newer homes, a suburban feel, plenty
of
shopping, and a beautiful beach, then consider Kapolei for your home on
Oahu.
With newly constructed buildings and homes just
about
everywhere, Kapolei is quickly becoming a favorite place for many Oahu
locals and mainland transplants.Kapolei
is on the south west corner of Oahu, and is the
island’s
“second city,’ because it is being developed as the second major urban
center
of Oahu.Honolulu
reached its capacity a long time ago.
Business
Oahu's growth is primarily
occurring
in the Ewa Plain and Kapolei, which means it may be a great long term
investment.While most of Oahu
consists of homes and buildings from the 1960’s and 70’s, Kapolei was
almost
entirely constructed after about 1985, and continues to grow to this
day. In
fact, in 2007 the city and county
of Honolulu
began constructing a new court house in Kapolei, which will greatly
change the
economy and industry of the city, not to mention the traffic flow.
The industrial area known as CampbellIndustrial Park has a port, BarbersPointHarbor,
with the Ko Olina resort just across the water.
Recently some major new road construction has
begun,
including the construction of a much needed additional freeway on-ramp.
The
state and city governments and some of Hawaii's
largest companies have set up significant operations in Kapolei, and
more
construction is on the way.There are
currently several more mainland companies planning to build in Kapolei
as well.
Oahu’s first Target is set to open in Kapolei in
2009!
Home
You can buy a nice 3 or 4 bedroom home of around
1600sqft,
built after about 1995 starting around $550k.Try that anywhere else on Oahu!On the high end, luxury style homes go for
about $900k.There are many great
neighborhoods in Kapolei,
Amenities
While it is an unincorporated community of Honolulu,
and not actually a city, Kapolei has everything that you might expect
from a
city.Medical facilities, schools,
shopping, libraries, plenty of homes, and beaches are all available in
Kapolei.Maybe one of the best beaches
to sit around on is in Kapolei, at the Ko Olina resort.The calm water and protected beaches are
perfect for wading around.
Is it a
nice place to live?Well, Pacific Business
News reported that Zip
Code 96707 had the second highest income on Oahu,
with a median income of $62,303. And nearly one household in five has
income
exceeding $100,000. And as for buying a
home in Kapolei, how about this: Kapolei has a home ownership rate of
70%!That is way higher than the rest of Oahu,
and is a great sign for investors!
