About Waialae Iki
Waialae Iki, known as the original luxury view ridge in Honolulu, consists of a little more than 600 homes located above the Waialae Golf Course and Wailupe Beach, bordered by Kalani Iki to the west and Aina Haina to the east. Waialae Iki homes for sale are typically priced between $1M to $3M with most lots between 7,500 and 15,000 sq ft.
Insight to Waialae Iki Homes
Waialae Iki homes overlook the beautiful green Waialae Golf Course below with distant Diamond Head and spectacular ocean views beyond. Original developments started in the early 1960’s at the bottom of Poola St, Waa St and Analii St, eventually progressing over 5 phases up the hill along the winding Laukahi St, including all adjacent side streets.
The final phase, at 800 ft plus elevation, is a gated community of about 280 custom homes called Waialae Iki V. Construction started in 1983, from the mid 1900 block of Laukahi St and beyond, featuring a 24 hour manned security gate, a private recreation club and 4 tennis courts. Unique in Honolulu, about a dozen oversized 1 acre estate lots with cooler mountain climate and distant ocean views can be found on Okoa St at the top of Waialae Iki V, which is also where a former Hawaii governor built his home. Several of these rare mountain top estate lots have not yet been developed.
Waialae Iki enjoys a beautifully maintained uncluttered and consistent appearance of mostly upscale properties. Laukahi St, Waialae Iki’s main road, climbs at a modest pace with wide graceful turns passing several open space neighborhood parks, offering amazing views along the way, making for a comfortable ride up and down the hill.
Some of the most dramatic views can be found on the lower part of the ridge, especially on downslope rim lots along Kamole St and Laamia St, commanding premium prices. Association rules ensure protected view channels for the homes in Waialae Iki, mitigating tree overgrowth and regulating construction activity.
Waialae Iki Neighborhood
Waialae Iki is a fabulous neighborhood with plenty of possibilities for outdoor activities. At the top is the Wiliwilinui Ridge hiking trail, starting beyond the estate lots at the end of Okoa St, and leading even higher to the very top of the Koolau mountain range. At the base of the hill along Analii St is the large Waialae Iki Park, a popular spot for football, soccer, baseball and tennis enthusiasts. The closest access to the ocean is across the highway at Wailupe Beach Park.
Waialae Iki real estate appeals to many for its stunning views, friendly wide streets and well kept appearance, as well as convenient quick access to shopping and downtown Honolulu. Additionally, residents on the lower section of Waialae Iki have a roaming security service, for a nominal association fee. It is no surprise that Waialae Iki homes for sale often receive multiple offers and sell quickly.
The price range of houses for sale in Waialae Iki is $1.25M to $2.95M with a median price of $1.98M, median interior of 3,079sf and median land size of 10,667sf.
The historic median sales price of houses sold in Waialae Iki was $1.68M (2016), $1.63M (2015), $1.62M (2014), $1.48M (2013), $1.28M (2012), $1.25M (2011), $1.33M (2010), $1.25M (2009), $1.28M (2008), $1.33M (2007), $1.21M (2006), $1.23M (2005), $1.09M (2004), $799K (2003).
0 houses have sold in Waialae Iki year-to-date (Jan 18, 2017). In previous years, the total number of houses sold were 29 (2016), 28 (2015), 27 (2014), 34 (2013), 33 (2012), 25 (2011), 31 (2010), 30 (2009), 26 (2008), 29 (2007), 26 (2006), 47 (2005), 39 (2004), 50 (2003).
Historically, the average number of days it took to sell houses in Waialae Iki was 128 days (2016), 87 days (2015), 83 days (2014), 67 days (2013), 79 days (2012), 84 days (2011), 79 days (2010), 73 days (2009), 64 days (2008), 55 days (2007), 71 days (2006), 70 days (2005), 43 days (2004), 70 days (2003).
The average days on market for Waialae Iki houses before sold were 224 days December 2016 compared to 79 days December 2015.
The ratio of Waialae Iki houses sales price vs list price were 97.3% December 2016 compared to 99.3% December 2015.
3 Waialae Iki houses were sold December 2016 compared to 2 houses sold December 2015.
The total dollar volume of houses currently for sale in Waialae Iki is $49.49M . The sold dollar volume in previous years was $47.51M (2016), $47.31M (2015), $45.85M (2014), $53.34M (2013), $45.72M (2012), $31.5M (2011), $41.15M (2010), $39.18M (2009), $34.29M (2008), $40.45M (2007), $36.06M (2006), $58.9M (2005), $42.06M (2004), $42.35M (2003).
The most recent sale in Waialae Iki was a house located at 1910 Laukahi Street, sold for $1.5M on Dec 16, 2016. It had 4743sf of interior. 9 other recent sales include: 1551 Aulena Place (3,331sf) sold for $1.65M on 12/12/2016. 2144 Hakanu Street (2,300sf) sold for $1.22M on 12/8/2016. 1835 Kihi Street (3,885sf) sold for $1.9M on 10/6/2016. 1562 Ihiloa Loop (2,760sf) sold for $1.87M on 10/5/2016. 2011 Kunihi Place (2,879sf) sold for $1.62M on 9/29/2016. 1803 Laukahi Street (5,367sf) sold for $1.58M on 9/15/2016. 1521 Ipukula Street (1,917sf) sold for $1.22M on 8/25/2016. 2192 Okoa Street (4,161sf) sold for $1.83M on 8/16/2016. 1421 Laamia Street (2,374sf) sold for $1.85M on 7/29/2016.
22 of the houses have ocean views, 18 have Diamond Head views and 18 have mountain views.