About Waialae Nui
Waialae Nui is an established neighborhood of homes originally developed in the late 1950’s, located just north of Kahala on the mauka (mountain) side of Waialae Ave. Waialae Nui is bordered by Wilhelmina Rise to the west and Waialae Iki to the east. Waialae Nui homes for sale are typically valued in the $800K to $2.5M range and most homes are built on lots ranging between 5,000 to 13,000 sq ft. Waialae Nui real estate has over the years become increasingly popular, due to the dramatic views many homes offer as well as the close proximity to shopping, beaches and more.
Insight to Waialae Nui Homes & Neighborhood
Waialae Nui consists of 3 sections, each with their own distinct ambience and character:
Waialae Nui Ridge includes all of Halekoa Dr from the 1430 block on, together with all adjacent side streets going to the top of the hill. Waialae Nui Ridge homes for sale are often valued in the $800K to $2.5M range with most lot sizes between 6,000 to 13,000 sq ft. Halekoa Dr climbs in tight switchbacks and quickly gains elevation up the relatively narrow ridge, with many rim lot properties offering some of the most amazing views along both sides of the road.
From the 1600 block of Halekoa Dr on, utility lines are hidden underground for a more appealing street appearance. Also, the lower section of the ridge enjoys the benefit of a natural gas line, just about up to the the home that Waialae Nui’s original developer had built for himself.
The summit on Aha Aina Pl at 1,350 ft is the highest elevation for any residential property in Honolulu, and is home to what could be considered the ultimate spectacular mountain top luxury estate. Hidden behind a private gate and surrounded by endless acres of serene preservation land, this one-of-a- kind mountaintop retreat includes almost 4 acres of land with mesmerizing 360 degree views of Honolulu, Diamond Head and ocean beyond. Close to the summit, yet another private gate at the end of Aha Maka Way, shelters a handful of newer large custom luxury estates valued in the $3M plus range, developed on 14,000 to 18,000 sq ft lots, offering dramatic views of Honolulu below. Temperatures at these high elevations tend to average 7 - 8 degrees cooler, compared to the bottom of the hill.
Waialae Nui Valley includes two main roads north of Waialae Ave, Kilauea Ave from the 4800 block on, and Hunakai St from the 1300 block on, as well as all adjacent side streets leading to the back of the valley. Waialae Nui Valley homes are valued in the $800K to $1.2M range with most lot sizes between 7,500 to 10,000 sq ft. Waialae Nui Valley real estate also includes a 2-tower high rise condo, Kahala Towers, as well as 3 townhouse projects, Tropic Gardens, Tropicana Village-Makai and Waialae Gardens, which also includes a 6-story condo tower. Each Waialae Nui townhouse and condo project enjoys their own swimming pool.
Lower Waialae Nui includes all of Ainakoa Ave, Malia St and all adjacent side streets, including the bottom section of Halekoa Dr up to Luinakoa St. Homes in Lower Waialae Nui are valued in the $600K to $900K range on modest lot sizes from 5,000 to 10,000 sq ft.
Along the westerly base of Waialae Nui Ridge is the home of 2 quality gated townhouse communities: Kahala Pacifica, at the top of Hoakoa Pl, and Kahala View Estates, at the top of Hiikala Pl. Both offer nice views, privacy and community pools. Interestingly, both projects are sometimes referred to as belonging to Kalani Iki, which is geographically the next small valley over, just east of Waialae Nui Valley. Kalani Iki is home to Kalani High School and Kalani Iki Estates, a lush green townhouse project hidden in the back of the valley.
Waialae Nui has a lot to offer for the outdoor and swimming enthusiasts. On 2200 Halekoa Dr - about three-fourths up the ridge - is the Waialae Nui Recreation Center, featuring 2 swimming pools, playground and a large grassy field with fabulous views. Aina Koa Park and Wilson Playground, both 2 beautiful green parks serve the neighborhood’s recreational needs at the base of the hill.
Though each area within Waialae Nui has their own distinct characteristics, they all share one thing in common: residents value the closeness to Kahala Mall, Kahala Beach and easy convenient access to the freeway.
The price range of houses for sale in Waialae Nui is $945K to $1.79M with a median price of $1.34M, median interior of 2,534sf and median land size of 13,240sf.
The historic median sales price of houses sold in Waialae Nui was $1.45M (2016), $1.17M (2015), $921K (2014), $1.05M (2013), $853K (2012), $875K (2011), $927K (2010), $820K (2009), $923K (2008), $925K (2007), $891K (2006), $862K (2005), $779K (2004), $605K (2003).
0 houses have sold in Waialae Nui year-to-date (Jan 20, 2017). In previous years, the total number of houses sold were 22 (2016), 21 (2015), 22 (2014), 25 (2013), 34 (2012), 23 (2011), 24 (2010), 18 (2009), 27 (2008), 36 (2007), 30 (2006), 28 (2005), 23 (2004), 32 (2003).
Historically, the average number of days it took to sell houses in Waialae Nui was 81 days (2016), 89 days (2015), 79 days (2014), 51 days (2013), 41 days (2012), 39 days (2011), 28 days (2010), 94 days (2009), 49 days (2008), 56 days (2007), 76 days (2006), 35 days (2005), 37 days (2004), 80 days (2003).
The average days on market for Waialae Nui houses before sold were 109 days December 2016 compared to 163 days December 2015.
The ratio of Waialae Nui houses sales price vs list price were 94.4% December 2016 compared to 95.1% December 2015.
3 Waialae Nui houses were sold December 2016 compared to 1 house sold December 2015.
The total dollar volume of houses currently for sale in Waialae Nui is $18.35M . The sold dollar volume in previous years was $30.64M (2016), $26.89M (2015), $22.63M (2014), $26.69M (2013), $34.39M (2012), $20.78M (2011), $22.43M (2010), $16.95M (2009), $27.22M (2008), $31.93M (2007), $28.24M (2006), $26.04M (2005), $17.41M (2004), $20.08M (2003).
The most recent sale in Waialae Nui was a house located at 1388 Ainakoa Avenue, sold for $925K on Dec 27, 2016. It had 1392sf of interior. 9 other recent sales include: 2088 Alaeloa Street (3,768sf) sold for $1.48M on 12/9/2016. 1435 Ahuawa Loop (2,788sf) sold for $1.43M on 12/1/2016. 1862 Halekoa Drive (2,960sf) sold for $1.63M on 11/2/2016. 2328 Halehaka Street (4,054sf) sold for $1.84M on 10/28/2016. (1,356sf) sold for $947K on 9/9/2016. 4489 Aliikoa Street (3,441sf) sold for $1.55M on 8/24/2016. 1330 Makaikoa Street (2,857sf) sold for $1.56M on 8/22/2016. 1383 Makaikoa Street (1,556sf) sold for $925K on 8/5/2016. 1315 Makaikoa Street (1,422sf) sold for $880K on 7/22/2016.
10 of the houses have ocean views, 8 have Diamond Head views and 7 have mountain views.