About Hawaii Kai
Hawaii Kai represents Hawaii’s premier marina community. Developed by Henry Kaiser in the 1960’s, wetlands, fishponds and pig farms gave way to a modern Honolulu real estate development covering over 6,000 acres on the most eastern part of Honolulu with marina front homes as well as shopping, restaurants and schools around a central 500 acre marina.
Hawaii Kai real estate today includes over 10,000 households and is bordered by Kuliouou Beach Park to the west, the Koolau mountain ridgeline to the north, the ocean to the south and Makapuu Point with it’s lighthouse to the east, marking the most eastern spot of the island of Oahu. Hawaii Kai homes for sale are often valued between $700K to $15M for the most luxurious oceanfront properties on Portlock Rd. Lot sizes run between 5,000 sq ft to over 1 acre.
Insight to Hawaii Kai Homes
This is one of Honolulu’s more fascinating regions with a lifestyle like no other. Nowhere else in Hawaii can you ride a boat from your backyard boat dock across the marina to get groceries, catch a movie or dinner, and return without the nuisance of street traffic lights. The real estate in Hawaii Kai is spread across several sub-neighborhoods, including the affluent oceanfront Portlock with adjacent Triangle. Mariners Ridge, Kamehame Ridge and the newer Napali Haweo (1991) are all boasting commanding views of the ocean, Koko Crater and Koko Head with the marina below. Hawaii Kai real estate also includes the valley neighborhoods of Hahaione, Mariners Valley and Kalama Valley.
Three newer Hawaii Kai real estate developments include the gated marina front community Peninsula at Hawaii Kai (630 properties built in 2002), Kamilo Nui (54 homes built in 2003) and Koko Villas (70 homes built in 2005), all modern additions to a diverse mix of Hawaii Kai homes. Noteworthy and popular are also the marina front communities of Mariners Cove and Anchorage with adjacent Kealaula Kai and the gated golf course community at Queens Gate.
Hawaii Kai Neighborhood
The unique layout of the marina with several ‘fingers’ creates the feel of a ‘Little Venice’ in Honolulu. Boat ramps allow marina access for those that are not right on the water. The marina connects with the ocean at Moanalua Bay. Just make sure your boat clears the 13 foot bridge height to get to the open ocean. All of the real estate in Hawaii Kai is on a private sewer system with a bi-monthly sewer bill and all marina front properties are part of the Hawaii Kai Marina Association with a modest monthly marina fee. Hawaii Kai homes for sale on the marina can vary depending on the marina width, views and orientation towards tradewinds and more, but typically range between $1M to $2.5M.
Hawaii Kai truly is a watersport paradise with ideal ocean conditions for snorkeling, diving, surfing, windsurfing, kitesurfing, boating, kayaking, jet skiing, paddle boarding, boogie boarding and parasailing. By Maunalua Bay Beach Park the ocean is calm, by Hanauma Bay the variety of fish are endless and by Sandy Beach big waves are crashing on the shore.
Hawaii Kai boasts three shopping centers that include Costco and Safeway. World renowned Roy’s Restaurant is one among many great establishments to dine at. Medical facilities, schools, movie theatres, golf course are all within the vicinity. Nestled among Hawaii Kai’s real estate are several parks, including a large scale dog park where owners gather early evenings to let their pets lose for some fun. Truly an area with a unique small town feel with all it has to offer. It is no surprise that Henry Kaiser himself decided to develop and reside in a Hawaii Kai home on a prime 5-acre oceanfront lot on Portlock Rd. What is good for Mr Kaiser might be good for you too!
Hawaii Kai’s Perfect Microclimate
Hawaii Kai enjoys a mild pleasant micro climate, slightly drier compared to Kailua and Kaneohe. Gentle prevailing northeasterly Tradewinds pass over the islands about 300 days per year. The Tradewinds bring some of the cleanest fresh air you can find, having travelled 2,500 miles over the ocean far removed from any source of pollution before ending up at Oahu’s eastern shores. Reaching the Koolau mountain range along the windward side of the island, the warm humid fresh air gets pushed up, cools down and forms clouds that rain out. This is why we often see rain in front of the mountains on the windward side while Oahu’s southern shore and the western, aka Leeward side of Oahu enjoys plenty sunshine and less humidity.
Hawaii Kai makes up the south-eastern corner of the Oahu island. Here you can enjoy a special unique combination of double benefits: a.) some of the cleanest, fresh unpolluted air for thousands of miles, together with b.) the finest year-round oceanic climate on the entire planet, not too humid, mostly sunny and consistently between average 71 and 84 degrees F. Welcome to paradise.
Hawaii Kai Houses - Trends & Statistics
The price range of houses for sale in Hawaii Kai is $425K to $17.9M with a median price of $1.45M, median interior of 2,461sf and median land size of 9,056sf.
The median price of houses sold in Hawaii Kai year-to-date (2016) is $1.05M. In previous years it was $1.12M (2015), $977K (2014), $982K (2013), $880K (2012), $920K (2011), $844K (2010), $801K (2009), $852K (2008), $872K (2007), $870K (2006), $849K (2005), $697K (2004), $575K (2003).
172 houses have sold in Hawaii Kai year-to-date (2016). In previous years, the total number of houses sold were 181 (2015), 170 (2014), 184 (2013), 203 (2012), 159 (2011), 192 (2010), 182 (2009), 158 (2008), 230 (2007), 261 (2006), 283 (2005), 281 (2004), 296 (2003).
On average Hawaii Kai houses were on the market for 91 days before they were sold (2016). In previous years it was 87 days (2015), 87 days (2014), 68 days (2013), 63 days (2012), 64 days (2011), 51 days (2010), 85 days (2009), 81 days (2008), 71 days (2007), 69 days (2006), 49 days (2005), 42 days (2004), 58 days (2003).
The average days on market for Hawaii Kai houses before sold were 97 days November 2016 compared to 66 days November 2015.
The ratio of Hawaii Kai houses sales price vs list price were 98.1% November 2016 compared to 99.0% November 2015.
20 Hawaii Kai houses were sold November 2016 compared to 14 houses sold November 2015.
The total dollar volume of houses currently for sale in Hawaii Kai is $170.12M and the sold dollar volume year-to-date (2016) is $208.37M. In previous years sold dollar volume was $229.27M (2015), $198.09M (2014), $229.32M (2013), $232.06M (2012), $163.69M (2011), $196.13M (2010), $164.45M (2009), $164.13M (2008), $254.13M (2007), $270.43M (2006), $285.65M (2005), $233.85M (2004), $195.96M (2003).
The most recent sale in Hawaii Kai was a house located at 722 Ahukini Street, sold for $880K on Dec 01, 2016. It had 1208sf of interior. 9 other recent sales include: 7882 Makaaoa Place (2,512sf) sold for $1.35M on 12/1/2016. 1011 Kaluanui Road (3,089sf) sold for $1.19M on 11/30/2016. 7123 Hawaii Kai Drive (2,642sf) sold for $1.24M on 11/29/2016. 864 Nana Honua Street (1,664sf) sold for $972K on 11/25/2016. 1055 Hilala Street (2,969sf) sold for $1.47M on 11/23/2016. 105 Nawiliwili Street (1,688sf) sold for $1.94M on 11/22/2016. 352 Kealahou Street (1,723sf) sold for $960K on 11/18/2016. 959 Kolokolo Place (1,374sf) sold for $959K on 11/17/2016. 332 Portlock Road (3,309sf) sold for $2.3M on 11/16/2016.
32 of the houses have ocean views, 19 have Diamond Head views and 65 have mountain views.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2016. Information is deemed reliable but not guaranteed.