About Paiko Lagoon Homes & Neighborhood
A hidden gem, Paiko Lagoon is a charming luxury residential coastal community of about 120 homes in Honolulu located on the oceanside of Kalanianaole Hwy bordered by Hawaii Kai to the east and Niu Beach to the west. Paiko Lagoon homes for sale are valued between $1M to $5M and lots typically range between 5,000 to 25,000 sq ft.
At the heart of Paiko Lagoon is a calm peaceful State Wildlife Sanctuary, which offers surrounding homeowners serenity, privacy and gorgeous views. Freshwater springs feed the ancient mystical Kanewai Fishpond with it’s central lush green island which adds to the magic for the residents. The fishpond connects to the lagoon, which opens up to the ocean at Maunalua Bay with the impressive Koko Head in the backdrop.
Precious few properties have the benefit of bordering the fishpond on one side and the lagoon on the other. This unique geographic layout, with it’s wonderful ambiance, inspired world renowned Hawaii architect, Ossipoff, to built his own home in Paiko Lagoon. Homes along the oceanside of Paiko Dr enjoy the benefit of a nice sandy beach with calm shallow ocean waters beyond.
One of the more notable Paiko Lagoon homes juts out into the bay at the tip of Paiko Dr, amazingly surrounded by ocean on all sides - like owning your private island without neighbors - connected to the shore only by a simple narrow access road.
Paiko Lagoon is also the home to Kuliouou Kai Villa, a small 28 unit townhouse project located on Summer St - a more affordable choice and popular by nature lovers. A stone throw away is Kuliouou Beach Park, a fabulous place for a picnic under shaded trees while watching the bird sanctuary across the water.
Magical and serene, Paiko Lagoon is truly one of a kind.
The price range of houses for sale in Paiko Lagoon is $3.35M to $20M with a median price of $6.94M, median interior of 6,568sqf and median land size of 37,283sqf.
The median price of houses sold in Paiko Lagoon year-to-date (Jan - Oct 27, 2016) is $1.74M. In previous years it was $1.15M (2015), $2.4M (2014), $1.05M (2013), $2.27M (2012), $3.15M (2011), $2.5M (2010), $2.17M (2009), $1.26M (2008), $3.25M (2006), $900K (2005), $1.5M (2004), $1.17M (2003).
2 houses have sold in Paiko Lagoon year-to-date (Jan - Oct 27, 2016). In previous years, the total number of houses sold were 6 (2015), 1 (2014), 5 (2013), 1 (2012), 1 (2011), 3 (2010), 3 (2009), 8 (2008), 5 (2006), 7 (2005), 5 (2004), 1 (2003).
On average Paiko Lagoon houses were on the market for 122 days before they were sold (Jan - Oct 27, 2016). In previous years it was 42 days (2015), 266 days (2014), 50 days (2013), 29 days (2012), 161 days (2011), 100 days (2010), 83 days (2009), 48 days (2008), 46 days (2006), 59 days (2005), 78 days (2004), 366 days (2003).
The total dollar volume of houses currently for sale in Paiko Lagoon is $37.23M and the sold dollar volume year-to-date (Jan - Oct 27, 2016) is $3.48M. In previous years sold dollar volume was $8.58M (2015), $2.4M (2014), $5.99M (2013), $2.27M (2012), $3.15M (2011), $11.37M (2010), $6.72M (2009), $13.86M (2008), $15.24M (2006), $10.02M (2005), $6.18M (2004), $1.17M (2003).
The most recent sale in Paiko Lagoon was a house located at 226 Paiko Drive, sold for $2.61M on Jun 16, 2016. It had 2579sqf of interior. 9 other recent sales include: 271 Paiko Drive (1,056sqf) sold for $870K on 3/24/2016. 6143 Kalanianaole Highway (2,592sqf) sold for $1M on 12/18/2015. 6015-B Kalanianaole Highway (2,950sqf) sold for $3.1M on 11/6/2015. 118 Maunalua Avenue (1,008sqf) sold for $1.01M on 10/5/2015. 6041 Kalanianaole Highway (1,500sqf) sold for $825K on 4/27/2015. 6170 Summer Street (2,002sqf) sold for $1.35M on 3/4/2015. 6086 Summer Street (3,135sqf) sold for $1.3M on 1/2/2015. 5937A Kalanianaole Highway (3,796sqf) sold for $2.4M on 4/16/2014. 104 Maunalua Avenue (1,534sqf) sold for $1.2M on 11/14/2013.
4 of the houses have ocean views and 3 have mountain views.
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2016. Information is deemed reliable but not guaranteed.