Kai Nani is a beautiful coveted beachfront and golf course neighborhood of about 30 upscale homes in Honolulu, located just east of the world-renowned private Waialae Golf Course and west of Wailupe Beach. Kai Nani includes the two exclusive streets of Kaimoku Place and Kaimoku Way. Kai Nani homes for sale are typically valued in the $2M to $15M price range. Generous well manicured level lots range in size between 11,000 to 27,000 sq ft.
Insight to Kai Nani Homes Rarely do homes become available in this fabulous and charming neighborhood. Most homes in Kai Nani border either the golf course or a quiet and peaceful stretch of beach. Kai Nani homes all appear aesthetically well maintained with beautiful landscaping, next to the calming park like golf course and the ocean across.
The area hugs gently around the most eastern point of the Waialae Golf Course, which hosts the world famous Sony Open Golf Tournament. Golfers and spectators from all over the world attend the annual TV broadcast event. Several residents take delight in front row views from their yard. Notable is the famous blue roof Sony home ‘Tutu Hale’. Located in a prime location and visible from most of the golf course, it is the only property that enjoys the best of both worlds; gorgeous beach and Waialae Golf Course frontage. Designed by architect Geoffrey Paterson the property is owned by the Sony Corporation founder’s family.
The price range of houses for sale in Kai Nani is $4.15M to $15M with a median price of $9.57M, median interior of 6,377sf and median land size of 23,394sf.
The median price of houses sold in Kai Nani year-to-date (Jan - Aug 23, 2017) is $2.9M. In previous years it was $2.65M (2014), $2.69M (2013), $3M (2011), $3.8M (2010), $9.5M (2008), $1.45M (2007), $2.92M (2005), $1.67M (2004), $2.4M (2003).
1 house has sold in Kai Nani year-to-date (Jan - Aug 23, 2017). In previous years, the total number of houses sold were 1 (2014), 3 (2013), 3 (2011), 1 (2010), 1 (2008), 1 (2007), 2 (2005), 4 (2004), 1 (2003).
On average Kai Nani houses were on the market for 366 days before they were sold (Jan - Aug 23, 2017). In previous years it was 344 days (2014), 88 days (2013), 26 days (2011), 221 days (2010), 78 days (2008), 154 days (2007), 129 days (2005), 220 days (2004), 252 days (2003).
The total dollar volume of houses currently for sale in Kai Nani is $19.15M and the sold dollar volume year-to-date (Jan - Aug 23, 2017) is $2.9M. In previous years sold dollar volume was $2.65M (2014), $9.39M (2013), $19.03M (2011), $3.8M (2010), $9.5M (2008), $1.45M (2007), $5.85M (2005), $7.8M (2004), $2.4M (2003).
The most recent sale in Kai Nani was a house located at 1135 Kaimoku Place, sold for $2.9M on Jan 25, 2017. It had 3587sf of interior. 9 other recent sales include: 4817 Kaimoku Way (3,656sf) sold for $2.65M on 6/16/2014. 1135 Kaimoku Place (3,291sf) sold for $2.6M on 6/12/2013. 1054 Kaimoku Place (4,672sf) sold for $4.1M on 5/1/2013. 1143 Kaimoku Place (3,387sf) sold for $2.69M on 1/31/2013. 1100 Kaimoku Place (5,318sf) sold for $3M on 11/21/2011. 1001 Kaimoku Place (10,331sf) sold for $13.85M on 10/31/2011. 1135 Kaimoku Place (3,291sf) sold for $2.18M on 4/26/2011. 1024 Kaimoku Place (5,650sf) sold for $3.8M on 8/18/2010. 1005 Kaimoku Place (5,980sf) sold for $9.5M on 7/18/2008.
2 of the houses have ocean views and 1 has mountain views.
Kai Nani History Most students of Hawaii real estate history, and its conflicts, forget that Kai Nani was actually part of one of the biggest fights of all. The struggle began when a hotel was proposed to go up in the quiet, and very upscale, neighborhood of Kahala. This was seen as nothing short of an enemy invasion to the well-heeled residents and they were ready to fight it.
Though victory seemed to be in their grasp, with a special committee recommending a rejection and a mayor prepared to veto any such measure, it was not to be. The City Council passed the rezoning needed and then overruled the mayoral veto.
The Bishop Estate, who owned all the land in Kahala at that time, then added salt to the wound by taking back land from the Waialae Golf Course, including oceanfront property that would now contain a resort. That wasn't the end of it, either.
Waialae Golf Course would be completely reconfigured to fit the new layout. They would also relinquish a piece of land on the southeastern side in the bargain. Enough to fit 30 houses.
Kai Nani homes sit there now, complete with fairway and ocean views, a few on the oceanfront itself. Somewhere under those paved roads and the beautiful Kai Nani homes lie the remains of the 6th and 7th holes of the old Waialae Golf Course.