Hawaii Kai, on the east end of Oahu, is one of the most spectacular communities on the island, known for its quality of life and easy access to ocean amenities. Real Estate in Hawaii Kai offers many choices: you can find million-dollar homes on Maunalua Bay or a small condo with a panoramic view of Diamond Head. 

Visit the Hawaii Kai real estate Market News on my web site for monthly updates on sales and average prices.

Gallup and the Knight Foundation released a study in October about what makes
residents passionate about their community.  Hawaii Kai meets every requirement and more.  Read my blog about what our community offers, and visit Soul of the Community to learn more about the study.

Hawaii Kai's Ideal Location in East Oahu

Hawaii Kai is about 12 miles from downtown Honolulu, has easy access to the H1 Freeway, and is in close proximity to the Kahala and Kaimuki neighborhoods on one end, and Waimanalo and Kailua on the other.  Residents enjoy a good variety of beaches, golf courses, tennis courts, movie theaters and restaurants.  Hanauma Bay Beach Park is one of its greatest attractions.

Homes Come in All Sizes and Prices

This community offers a nice mix of residential subdivisions: ocean front-mini estates in Portlock.. Marina front townhomes in GatewayPeninsula.. Koko Marina and Kuapa Isle, resort like-condominiums in Mauna Lauan and The Esplanade.. Elegant highrise condominiums in Mt.Terrace and the Commodore.. golf course front-homes in Queens Gate.. ocean view homes on several ridges, and affordable condominiums and single family homes.   Request free reports from my web site on Hawaii Kai neighborhoods, townhomes,condo complexes, and relocation. 

Hawaii Kai Real Estate Market Update - Single Family

Single family home sales have been slow since the flurry at the end of last year.
7 homes sold in both February and January, compared to 11 in February of last year, and 10 in January.  The low sale for the 2 months combined was $684,000 in Koko Head Terrace.  The high sale was $5,750,000 in Triangle.  Visit the Neighborhood page on my web site to request in-depth reports on all the neighborhoods of Hawaii Kai.

Year-end 2010 market report:  197 homes sold in Hawaii Kai in 2010.  The lowest price was a leasehold property in Kalama Valley, $311,350 (FA), and the lowest fee simple sale was $515,000 in the same community.  The highest sale was $7,800,000 in Koko Kai, almost $2,000,000 more than the 2nd highest, also in Koko Kai. Both were stunning oceanfront homes.  There were 61 properties over $1,000,000 which sold last year.
 

Year-end 2009 market report:  186 homes sold in Hawaii Kai in 2009.  The lowest sale was $487,000 in Kalama Valley, and the highest, by far, was $8,250,000 in Koko Kai, an extraordinary view home sold with award-winning furnishings.

Hawaii Kai Real Estate Market Update - Condos

For the first 2 months of 2011, the market has been somewhat slow.  In February, 14 condos sold, and in January, there were 12 sales.  This compares to last year with 6 sales in February, and 15 sales in January.  The sales have been spread around most of the complexes, led by the Peninsula and Lalea, each with 3 sales.  The fee available homes in Mawaena Kai have been popular, because the lease is still long enough for a 30-year mortgage.

Year-end 2010 condo market report:  208 condos sold in Hawaii Kai in 2010.  The low price was $225,500 (FA) for a 3/2.5 fixer home in Koko Isle.  Lowest fee simple sale was $360,000 for 2 different units in Mauna Luan.  Highest sales were both in Kalele Kai, 3/2.5 homes, one for $1,030,000 and one for $1,350,000.  Both were marina front, but the higher sale had 6 boat moorings in front of the unit.

Year-end 2009 condo market report:  187 condos sold in Hawaii Kai in 2009.  The lowest sale was $225,000 for a leasehold home in Koko Isle (fee price $424,000).  The highest-priced sale was $875,000 in the Peninsula at Hawaii Kai.

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Visit my Hawaii Kai Market News page for more details on Hawaii Kai real estate sales and statistics, and contact me for details on any community: 808-226-2537, barbara@barbarashawaii.com.

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The History of Hawaii Kai

Hawaii Kai is one of Oahu's premier planned communities, developed by Henry Kaiser and Kaiser-Aetna in the 1950s, formed by dredging and filling Kuapa Pond. Originally, Kuapa Pond, or "fishpond wall,"  had a natural barrier beach, that protected the tidelands from MaunaluaBay and the Pacific, encompassing 523 acres.   Ancient Hawaiians used the lagoon and wetlands as a fish pond.  But in 1961, Kaiser-Aetna leased the acreage from Bernice Pauahi Bishop Estate, one of the largest landowners in the entire state of Hawaii, to develop residential tracts and a marina.  At one time, Kaiser even hoped for a minor league baseball team to be based in Hawaii Kai, playing in a 50,000-seat stadium.  Because of failing health, he rushed construction and some locals even considered Hawaii Kai to be "Kaiser's Folly."  Real estate appreciation in the last 50 years, and the quality of life in the community, have confirmed his vision of a mixed-use development with wide appeal.

Ownership of the Land

The majority of the single family homes are owned in Fee Simple (you own the land and the building) however, some of the condominiums and townhomes are still held in Leasehold (you lease the land from the fee owner).

Hawaii Kai is Special

This development really is unique on the island, and a very prestigious address to have.  Read about Moving Your Pet to Hawaii and Search the MLS or view Hawaii Kai properties For Sale.  I've lived and worked here as a Realtor for many years, so contact me with any questions on our lifestyle or the real estate market.

Your Hawaii Kai REALTOR®,

Barbara Abe
800-999-6090
808-226-2537
barbara@barbarashawaii.com