The iconic 5 acre Kaiser Estate is applying for a $16M permit - read more on PBN.
Portlock is the premier residential oceanfront neighborhood in the Hawaii Kai region, located at the base of Koko Head, consisting of about 120 properties - a mix of older well-kept single level homes among newer stunning luxury estates. Portlock homes for sale are typically valued from $1.5M for a fixer-upper to $15M plus for the utmost luxurious estates and sit on generous sized lots ranging from 11,000 sq ft to 1 acre plus, making it some of the most sought after real estate in Honolulu.
Insight to Portlock Homes
Only about 40 Portlock homes are directly on the ocean, well situated and protected from off-shore winds, enjoying a picture perfect westerly sunset view across Maunalua Bay with the striking Diamond Head Crater in the distant center. The most notable property on the ocean is the sprawling, tropical and grand 5.5 acre Kaiser Estate with private boat harbor in the 500 block of Portlock Rd, formerly owned by Henry Kaiser, industrialist and developer of the Hawaii Kai community.
To the surprise of many, the real estate in Portlock only includes the homes on Portlock Rd and about 8 properties along the oceanside of Kalanianaole Hwy. Blending together seamlessly, the adjacent Koko Kai and Triangle neighborhoods are sometimes mistaken as belonging to Portlock. Together these 3 neighborhoods form a pleasant desirable quiet community of wide gently rolling streets with modest west facing elevations, protected from easterly trade winds, wrapping around the base of the imposing Koko Head.
Koko Kai is home to about 130 properties along Poipu Dr including and south of 274 Poipu Dr, as well as adjacent streets Lumahai Pl, Lumahai St, Poipu Pl and Hanapepe Lp. Koko Kai homes for sale are typically valued in the $1.5M to $5M range and feature some dramatic cliffside estates with stunning sunset and ocean views.
Triangle, just north of Koko Kai, is home to about 300 properties on the oceanside of Kalanianaole Hwy, including Kalalau St, Nawiliwili St, Polihale Pl, Makaweli Pl, Makaweli St, Poipu Dr north of 274 Poipu Dr, Lunalilo Home Rd and Pilaa Pl. The majority of Triangle homes for sale are valued in the $1M to $3M range.
Both Koko Kai and Triangle association design guidelines differ from Portlock’s, including additional building height restrictions of 16 ft from the highest corner of the buildable footprint. Allegedly, and controversial, a couple of homes might have set precedent and built beyond the allowable height limit.
The Portlock shoreline along Maunalua Bay offers calm oceans and a sandy beach up to about 281 Portlock Rd. Going further south properties feature seawalls and eventually ocean cliff frontage with increasing wave action.
There are 3 parks in the Portlock, Koko Kai, Triangle community, including well-known Koko Kai Beach Park, a great place to enjoy sunset picnics above the popular and daring China Walls surf spot.
Tranquil and peaceful, yet with all Hawaii Kai’s conveniences close by, including marina front restaurants, Costco, several water sport options, snorkeling at Hanauma Bay and more, makes Portlock real estate a very special treasure, desired by many.
The price range of houses for sale in Portlock is $1.42M to $17.9M with a median price of $2.63M, median interior of 3,287sf and median land size of 13,279sf.
The median price of houses sold in Portlock year-to-date (Jan 21, 2017) is $2.33M. In previous years it was $1.89M (2016), $1.79M (2015), $2.16M (2014), $1.85M (2013), $1.6M (2012), $1.48M (2011), $1.3M (2010), $1.34M (2009), $1.81M (2008), $1.58M (2007), $1.4M (2006), $1.46M (2005), $1.3M (2004), $948K (2003).
1 house has sold in Portlock year-to-date (Jan 21, 2017). In previous years, the total number of houses sold were 25 (2016), 24 (2015), 18 (2014), 27 (2013), 35 (2012), 21 (2011), 25 (2010), 18 (2009), 17 (2008), 29 (2007), 37 (2006), 41 (2005), 26 (2004), 34 (2003).
On average Portlock houses were on the market for 94 days before they were sold (Jan 21, 2017). In previous years it was 125 days (2016), 114 days (2015), 129 days (2014), 101 days (2013), 92 days (2012), 101 days (2011), 67 days (2010), 105 days (2009), 130 days (2008), 100 days (2007), 90 days (2006), 67 days (2005), 82 days (2004), 101 days (2003).
The average days on market for Portlock houses before sold were 79 days December 2016 compared to 170 days December 2015.
The ratio of Portlock houses sales price vs list price were 93.8% December 2016 compared to 91.8% December 2015.
3 Portlock houses were sold December 2016 compared to 2 houses sold December 2015.
The total dollar volume of houses currently for sale in Portlock is $81.74M and the sold dollar volume year-to-date (Jan 21, 2017) is $2.33M. In previous years sold dollar volume was $48.64M (2016), $51.06M (2015), $38.13M (2014), $71.45M (2013), $78.62M (2012), $38.62M (2011), $51.72M (2010), $33.37M (2009), $39.63M (2008), $69.64M (2007), $64.17M (2006), $74.81M (2005), $44.39M (2004), $39.91M (2003).
The most recent sale in Portlock was a house located at 448 Portlock Road, sold for $2.6M on Jan 19, 2017. It had 5026sf of interior. 9 other recent sales include: 322 Portlock Road (6,448sf) sold for $2.33M on 1/6/2017. 61 Lawai Street (2,220sf) sold for $2.1M on 12/21/2016. 133 Makaweli Street (6,150sf) sold for $2.7M on 12/13/2016. 160 Nawiliwili Street (1,528sf) sold for $1.43M on 12/8/2016. 105 Nawiliwili Street (1,688sf) sold for $1.94M on 11/22/2016. 332 Portlock Road (3,309sf) sold for $2.3M on 11/16/2016. 170 Poipu Drive (4,097sf) sold for $1.89M on 11/15/2016. 435 Portlock Road (3,430sf) sold for $3.5M on 10/31/2016. 23 Makaweli Street (1,718sf) sold for $1.29M on 10/27/2016.
14 of the houses have ocean views, 12 have Diamond Head views and 18 have mountain views.