Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.
Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the foothills to the south, and Makiki Heights with some luxury homes on the hillside above to the north.
Insight to Makiki Homes
Makiki, the diverse and densely populated lower section south of Nehoa St, consists of a mix of older homes, often on smaller lots, as well as a number of small to medium size apartment buildings and several high rise condos, predominantly built during the 1960’s and 1970’s. Some of Makiki’s perimeter streets include Nehoa St, Pensacola St, Ward Ave, S.King St and Punahou St.
Makiki Heights, the hillside community located on the elevated lush green foothills above, is separated from Makiki below by Nehoa St, which runs along the bottom of the hill. Homes in Makiki Heights include the properties on the lower section of Tantalus Dr from the 2500 block up, as well as several streets ascending into the mountain off Nehoa St, including Makiki St, which splits into Makiki Heights’ main two roads, Makiki Heights Dr and Round Top Dr. Higher up the mountain to the north, Makiki Heights is bordered by the rain forest neighborhood of Tantalus. Makiki Heights real estate boasts a number of luxurious estate properties, offering privacy, serenity and spectacular views overlooking the city and ocean beyond.
It’s diversity and central location, with easy access to the freeway and a number of excellent schools, makes Makiki a popular area for many to reside. Several parks are located throughout Makiki, including, adjacent to Makiki’s Library, the large and popular Makiki District Park with a great swimming pool, tennis and basketball courts. Makiki also has its own local mall - Makiki Shopping Village - which offers a number of casual eateries, a grocery store and some specialty stores. Punahou School, considered one of Hawaii’s top private schools - elementary through high - is located on the border of Makiki.
The Honolulu Museum of Arts, formerly known as the Contemporary Art Museum Spalding House, located at 2411 Makiki Heights Dr, is a remarkable place to experience art surrounded by nature in the heart of the Makiki Heights neighborhood. The Hawaii Nature Center, located at 2131 Makiki Heights Dr, in the midst of the Makiki Valley State Recreation Area, is a fabulous spot to learn about the natural and cultural history of Makiki Heights and Tantalus. From here you may start exploring some of the most amazing interconnected hiking trails in Hawaii. Puu Ualakaa State Park along Round Top Dr offers several iconic lookout points.
Come and experience the diversity and magic of Makiki.
The price range of houses for sale in Makiki is $465K to $18.7M with a median price of $1.17M, median interior of 2,216sf and median land size of 5,859sf.
The median price of houses sold in Makiki year-to-date (Jan 20, 2017) is $1.92M. In previous years it was $1.22M (2016), $1.2M (2015), $1.1M (2014), $865K (2013), $855K (2012), $1.11M (2011), $840K (2010), $719K (2009), $990K (2008), $792K (2007), $867K (2006), $1.05M (2005), $683K (2004), $550K (2003).
3 houses have sold in Makiki year-to-date (Jan 20, 2017). In previous years, the total number of houses sold were 29 (2016), 21 (2015), 17 (2014), 26 (2013), 20 (2012), 16 (2011), 12 (2010), 10 (2009), 17 (2008), 28 (2007), 24 (2006), 37 (2005), 42 (2004), 33 (2003).
On average Makiki houses were on the market for 188 days before they were sold (Jan 20, 2017). In previous years it was 113 days (2016), 127 days (2015), 109 days (2014), 82 days (2013), 84 days (2012), 77 days (2011), 34 days (2010), 65 days (2009), 95 days (2008), 97 days (2007), 68 days (2006), 56 days (2005), 73 days (2004), 83 days (2003).
The average days on market for Makiki houses before sold were 101 days December 2016.
The ratio of Makiki houses sales price vs list price were 93.7% December 2016
4 Makiki houses were sold December 2016
The total dollar volume of houses currently for sale in Makiki is $56.24M and the sold dollar volume year-to-date (Jan 20, 2017) is $4.57M. In previous years sold dollar volume was $39.01M (2016), $31.1M (2015), $24.85M (2014), $33.44M (2013), $19.77M (2012), $24.93M (2011), $10.03M (2010), $8.88M (2009), $19.26M (2008), $26.01M (2007), $23.01M (2006), $42.02M (2005), $37.24M (2004), $20.9M (2003).
The most recent sale in Makiki was a house located at 2394 Aina Lani Place, sold for $1.97M on Jan 12, 2017. It had 3851sf of interior. 9 other recent sales include: 2035 Round Top Drive (3,453sf) sold for $1.92M on 1/5/2017. 1942 Metcalf Street (1,356sf) sold for $675K on 1/5/2017. 2179 Makiki Hts Drive (2,128sf) sold for $770K on 12/29/2016. 1233 Luna Place (2,194sf) sold for $945K on 12/16/2016. 1913 Mott Smith Drive (2,923sf) sold for $1.1M on 12/9/2016. 1412 Liholiho Street (1,647sf) sold for $980K on 12/7/2016. 2439 Makiki Hts Drive (1,122sf) sold for $1.15M on 11/18/2016. 2064 Mauna Place (3,365sf) sold for $1.95M on 10/21/2016. 2513A Tantalus Drive (2,944sf) sold for $1.22M on 10/7/2016.
5 of the houses have ocean views, 2 have Diamond Head views and 3 have mountain views.