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 $1.94M, median interior of 2,997sf and median land size of 10,676sf.
The median price of houses sold in Waialae Iki year-to-date (2016) is $1.68M. In previous years it was $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).
26 houses have sold in Waialae Iki year-to-date (2016). In previous years, the total number of houses sold were 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).
On average Waialae Iki houses were on the market for 117 days before they were sold (2016). In previous years it was 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 total dollar volume of houses currently for sale in Waialae Iki is $49.01M and the sold dollar volume year-to-date (2016) is $43.14M. In previous years sold dollar volume was $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 1835 Kihi Street, sold for $1.9M on Oct 06, 2016. It had 3885sf of interior. 9 other recent sales include: 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. 1581 Kamole Street (1,632sf) sold for $1.31M on 7/22/2016. 1356 Laukahi Street (1,868sf) sold for $1.34M on 7/22/2016. 1638 Laukahi Street (2,943sf) sold for $2M on 7/15/2016.
24 of the houses have ocean views, 20 have Diamond Head views and 17 have mountain views.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2016. Information is deemed reliable but not guaranteed.