Hawaii Loa Ridge is ‘The’ premier luxury view ridge in Honolulu, since first developed in the 1980’s. This gated community of approximately 500 Honolulu homes is situated on the hillside between the valley neighborhoods of Aina Haina and Niu Valley. Hawaii Loa Ridge has a 24/7 security guard welcoming you at the gate located at the bottom of Puuikena Dr, which graciously winds up from Kawaikui Beach Park in wide generous sweeps to about 1,000 ft elevation at the top of Ikena Cir. Hawaii Loa Ridge homes for sale typically range in price between $2M to $10M. Lot sizes vary between 8,000 to 30,000 sq ft with generous sized homes, most in the 3,500 to 5,000 sq ft range.
Insight to Hawaii Loa Ridge Homes & Neighborhood Hawaii Loa Ridge offers a resort feel with Beverly Hills style, custom designed grand scale homes with pools. Many homes in Hawaii Loa Ridge offer fantastic ocean views with Koko Head in the east and Diamond Head in the west. Even the neighbor islands of Molokai and Maui can be visible on a very clear day.
Residents in Hawaii Loa Ridge enjoy the perfect combination of the ultimate in privacy with gate, roaming security, a private clubhouse, tennis courts, a park with picnic tables and a hiking trail that connects to the Koolau ridgeline. A well managed association ensures compliance with design guidelines - protecting views of existing properties - and excellent maintenance of common landscaped areas. This is a fine neighborhood with great looking properties and manicured yards.
There is an additional security gate at the ‘The Pointe’ - the 8th and final development phase of Hawaii Loa Ridge - which boasts about 40 luxury homes with its own exclusive clubhouse, tennis courts and an additional association fee. Some of the western facing premier rim lots are considered most desirable, protected from easterly tradewinds offering dramatic ocean, Diamond Head and Kahala views. Only very few vacant buildable lots remain.
Several prominent personalities including movie stars own or used to own vacation homes here. One of Hawaii Loa Ridge’s more notable properties is the palatial Hi’Ilani Estate sitting on a sprawling 30,000 sq ft triple rim lot, formerly owned by the late Al Masini, Emmy award winner and legendary producer. This opulent property sold in 2013 for $10Mill and includes 16,000 sq ft of living area and view decks, including a fabulous 1,600 sq ft master bedroom suite.
If looking for the ultimate in privacy and security within a luxury neighborhood, then Hawaii Loa Ridge may be the place for you. There simply is no real estate in Oahu like the homes on Hawaii Loa Ridge!
The price range of houses for sale in Hawaii Loa Ridge is $1.87M to $20M with a median price of $3.25M, median interior of 3,951sf and median land size of 12,898sf.
The median price of houses sold in Hawaii Loa Ridge year-to-date (Jan - May 29, 2017) is $2.35M. In previous years it was $2.17M (2016), $2.15M (2015), $2.6M (2014), $1.94M (2013), $1.78M (2012), $1.59M (2011), $1.63M (2010), $1.45M (2009), $1.72M (2008), $1.73M (2007), $1.77M (2006), $1.5M (2005), $1.4M (2004), $1.3M (2003).
12 houses have sold in Hawaii Loa Ridge year-to-date (Jan - May 29, 2017). In previous years, the total number of houses sold were 22 (2016), 14 (2015), 19 (2014), 18 (2013), 18 (2012), 27 (2011), 20 (2010), 15 (2009), 15 (2008), 24 (2007), 29 (2006), 42 (2005), 37 (2004), 34 (2003).
On average Hawaii Loa Ridge houses were on the market for 124 days before they were sold (Jan - May 29, 2017). In previous years it was 115 days (2016), 99 days (2015), 114 days (2014), 100 days (2013), 87 days (2012), 65 days (2011), 93 days (2010), 121 days (2009), 86 days (2008), 111 days (2007), 91 days (2006), 74 days (2005), 73 days (2004), 126 days (2003).
The average days on market for Hawaii Loa Ridge houses before sold were 42 days April 2017 compared to 125 days April 2016.
The ratio of Hawaii Loa Ridge houses sales price vs list price were 97.6% April 2017 compared to 96.5% April 2016.
1 Hawaii Loa Ridge house was sold April 2017 compared to 5 houses sold April 2016.
The total dollar volume of houses currently for sale in Hawaii Loa Ridge is $93.67M and the sold dollar volume year-to-date (Jan - May 29, 2017) is $33.95M. In previous years sold dollar volume was $54.06M (2016), $37.91M (2015), $52.79M (2014), $45.07M (2013), $37.49M (2012), $47.63M (2011), $36.33M (2010), $25.14M (2009), $35.8M (2008), $54.1M (2007), $58.58M (2006), $72.33M (2005), $60.32M (2004), $45.34M (2003).
The most recent sale in Hawaii Loa Ridge was a house located at 357 Lelekepue Place, sold for $1.95M on May 25, 2017. It had 2397sf of interior. 9 other recent sales include: 122 Kokololio Place (2,852sf) sold for $1.78M on 5/15/2017. 115 Hoimi Place (4,821sf) sold for $3.6M on 5/3/2017. 1158 Ikena Circle (3,508sf) sold for $2.34M on 4/10/2017. 853 Puuikena Drive (4,616sf) sold for $2M on 3/31/2017. 162 Kokololio Place (4,016sf) sold for $2.32M on 3/28/2017. 893 Moaniala Street (4,880sf) sold for $2.6M on 3/23/2017. 169 Kokololio Place (4,580sf) sold for $2.11M on 3/8/2017. 595 Kahiau Loop (9,123sf) sold for $6.8M on 3/3/2017. 631 Puuikena Drive (5,458sf) sold for $3.35M on 3/2/2017.
18 of the houses have ocean views, 13 have Diamond Head views and 11 have mountain views.
Hawaii Loa Ridge History For a place where homes sell so easily, it's been very difficult to get where they are now. The story of Hawaii Loa Ridge homes starts with Kamehameha I and his gift to Alexander Adams of large tracts of land that included these heights. Adams' service as head of the Hawaiian Navy had won him this great honor.
Until the early 1900's little was built up here due to the difficulty of traveling up and down these hills. One of the very few houses, put up in the 1930's by Adams' descendants, not only still stands today, it remains under family ownership.
The growth of the population led to a booming development era starting in the 1950s. Hawaii Loa Ridge, however, wasn't eyed by builders until the 1970's. An access road up the ridge was started with great optimism. Unfortunately, only partway up it became clear it was too expensive just to build this road. So plans came to a screeching halt.
The 80's decade saw a new developer, HMF, step in to try their luck. They also stumbled as interest rates rose to double digits and the market went soft. The buyers who did remain saw their Hawaii Loa Ridge homes sit lonely, with empty lots all around them. It looked like another plan was unraveling.
Somehow HMF stuck it out. The Hawaii market did finally rebound and now this is an exclusive neighborhood known for incredible views and quiet contentment. Sometimes enjoying the fine life takes a lot of hard work.