Category Archives: Lanikai Real Estate
The highest sale for the luxury single-family home market in January was a beachfront Lanikai property on Mokulua Drive. This elegant, 3800 square foot retreat has 3 bedrooms, 4.5 bathrooms and was designed by Peter Vincent. Custom crafted with attention to detail, it includes natural Peruvian travertine, Australian Koala wood floors, African Mahogany, Marble floors, a home theatre and top of the line appliances. This home has magnificent views and was featured in Coastal Living and Pottery Barn! This beautiful home closed at $6.5 Million.
The second highest sale was an elegant Kahala home on Koloa Street, built in 2009. This 5500 square foot, 5 bedroom, 5.5 bath property is perfect for family, entertaining, and enjoying Hawaii. This home is fenced in for privacy, beautifully landscaped, and has a large pool with desk, hot tub, and outdoor covered patio with wet bar. The property sold at $3.5 Million, Cash.
The highest sold luxury condominium last month was a Trump Tower Waikiki unit on the 37th floor. This 2 bed, 2 bath, 1400 square foot property was sold before listed and closed at $3.5 Million.
The second highest condo sale was a 2 bedroom, 2 bath, 12th floor unit in the Diamond Head Apartments on the Gold Coast. This property has 1300 square feet of living space with a small open lanai. This unit was in escrow before listed and closed at $2.5 Million, Cash.
The highest sale in Luxury Single Family Home market on Oahu in October was a 9 bedroom, 8 full bath, 2 half bath, 12,000 square foot Portlock retreat with 2 homes and 2 TMKs, spanning from street to beach. These spacious homes with two sparkling pools feature breathtaking Diamond Head and sunset views, a very private, gated entry, and a movie theatre. This property was only on the market for 33 days, and closed at $9.99 Million, cash.
The second highest sale was a 4 bedroom, 2 bath, oceanfront Lanikai home. This gracious, single-level home designed by Val Ossipoff and later Alfred Preis features incomparable views of the Mokulua islands, a gorgeous island garden with stately Kamani trees and orchids, and wide steps down into the calm Lanikai waters. This beautiful property closed at $5.1 Million, cash.
There were 45 luxury single-family homes sold last month, and 56 new listings added to the market for a total of 282 luxury properties available.
The highest sale in the Luxury Condominium market on Oahu in October was a 2 bedroom, 2.5 bath, 2275 square foot, Gold Coast penthouse unit in the Diamond Head Apartments. This rarely available “Trophy” apartment was exquisitely renovated by Kerr Michaels, and has stunning views of the ocean, Diamond Head, Waikiki, Kapi’olani Park and the Ko’olau Range. This property closed at $4.58 Million, cash.
The second highest sale was a 3 bedroom, 3.5 bathroom, penthouse unit in the Moana Pacific Eastern Tower. This 2200 square foot property features high quality upgrades, and has beautiful ocean, park, harbor and Diamond Head views. This unit closed at $2.2 Million after only 40 days on the market.
There were 14 sales last month in the luxury condo market, and 20 new listings added for a total of 106 properties, a very low inventory for luxury condos, which is why you have to move fast in this market… the good buys are gone fast!
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The highest priced sale of a luxury single-family home for the month of April on Oahu was a 6,800 square foot, 6 bedroom, 8 bathroom estate in the Beachside neighborhood of Kailua. This exclusive beachfront residence by Kerr Michaels offers spectacular views, unsurpassed craftsmanship, and extensive use of natural materials. Mahogany glass doors pocket to reveal the beach & lush courtyard, pool, spa, water features. This home closed at $6.95 million, and was on the market for 214 days.
The second highest sale was a stunning Kahala estate. This 5 bedroom, 4.5 bathroom, 5,600 square foot home on a double lot on Aukai Avenue features a dream kitchen, formal and casual living spaces, and lush tropical grounds with a pool and waterfall. This property closed at $4.8 million.
The median sales price for luxury single-family homes for April was $1.915 million and the average Days on Market was 117. There were a total of 25 luxury single-family homes sold, and 48 new homes added to the market last month.
For Condominiums in the luxury market on Oahu in the month of April, the highest sale was a 3 bedroom, 2 bathroom unit at 3003 Kalakaua Avenue, in the highly-desired Gold Coast neighborhood of Diamond Head. This oceanfront, 1,984 square foot residence has amazing sunset views to be enjoyed by a large 320 square foot lanai. This residence closed at $2.8 million.
The second highest luxury condo sale was a 2 bedroom, 2.5 bathroom downtown condo in the Alakea Corporate Building. Dual zoned, including a commercial/office space and fantastic downtown views. This property closed at $2.5 million and was a cash transaction.
The median sales price for luxury condominiums last month was $1.599 million, and condos closed a bit faster than single-family homes, with the Average Days on Market being 61. There were a total of 7 luxury condos sold last month, and 16 new listings added to the market.
In the single family market, the highest sale was an elegant oceanfront Lanikai property, which closed at $6.1 million. This 3 bedroom, 4.5 bathroom residence was built in 2007, and blends Hawaiian architectural design with modern luxury features. Sitting on a large 18,000 square foot lot, this home has stunning views of the Mokulua Islands , lush tropical landscaping, swimming pool, and spa and a separate recreation room.
The second highest sale was a 4,200 square foot, 4 bedroom, 4 bathroom home on the Waialae Golf Course, which closed at $4.65 million.
In the condominium market, the highest sale was a penthouse property in the Hokua building, for $4.55 million. This 3 bedroom, 3.5 bathroom unit with 3 parking stalls, has beautiful sweeping unobstructed Diamond Head and ocean views from every window. All of the bedrooms have en-suite baths, and this penthouse level has its very own designated express elevator. Three units in the Hokua building closed this month, which shows that International buyers just love this popular luxury Kaka’ako building.
Overall in the luxury market last month, there were 75 new single family homes and 23 new Condominium listings. There were 30 single family homes sold, and 11 condos sales, and the average days on market for single family homes was 86 days, and for condos, average days on market was 102. Considering the holiday season, we are seeing solid activity in the luxury market, with a number of sales being all cash transactions.
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