About Enchanted Lake Enchanted Lake, located on Oahu’s Windward side in Kailua, is a nice, family-friendly neighborhood in one of the island’s favorite beach towns. Enchanted Lake is named for the lake in the center of the neighborhood. The Hawaiian name is Kaelepulu Lake, but it is most often called Enchanted Lake today.
Enchanted Lake homes encircle the lake, the adjoining canal which leads to Kailua Bay, and some homes border the golf course at Mid-Pacific Country Club. It’s a highly-desired location – just a short drive, bike ride, or walk to Kailua’s town center, Kailua Beach Park and Lanikai Beach, both of which have garnered rave reviews for their soft white sand, clear blue water and beautiful surroundings. There are public and private schools right in the neighborhood and throughout Kailua as well, along with public parks and even a skate park. And in addition to the boutique shopping and excellent dining options that are found in Kailua Town, homes in Enchanted Lake also have easy access to the medium-sized shopping center right in the neighborhood, featuring a grocery store, Starbucks, casual restaurants and shops.
The Enchanted Lake canal runs from the lake into Kailua Bay, and while swimming is not recommended, you can access the canal in small watercraft. This means that with a small boat, a kayak or a stand up paddleboard, property fronting the lake or canal has direct access to the ocean! If your dream house does not front the water, don’t worry! Enchanted Lake is safe to navigate on foot. It’s very pedestrian-friendly, as is most of Kailua, with bike lanes on major roads and sidewalks on just about every street, large or small. This makes getting around on foot or bike, or heading out for some exercise a safe, convenient option.
Enchanted Lake is one of the major neighborhoods in Kailua. Most of the neighborhood surrounds the lake and canal, with the majority of homes located on Keolu Drive or any number of streets that branch off of this main road. Homes in Enchanted Lake vary widely in size and land options. While the neighborhood primarily features single-family homes, you’ll find small cottages on small lots, larger lakefront homes, and expansive homes on the hills rising up from this Kailua neighborhood. The most desired real estate here is waterfront or up on the hills, where you can enjoy great views of the lake and the neighborhood below.
Although not every Enchanted Lake home is placed directly on the lake or another prime piece of land, you’ll find great lots in between the water and hilltops all over this neighborhood – and for a much more reasonable price! A home just a one or two streets from the lake or canal, on the hill but not at the top of it, or further from Kailua Town than you might like for instance, may have everything you’re looking for.
Because Kailua is such a sought-after location, property anywhere in this town is in high demand. However, Enchanted Lake is special because of the variety of homes here. It’s not exclusively high-end or median. It’s a friendly, unpretentious section of a charming beach town, full of nicely-maintained houses, large and small. It’s very likely you’ll find what you’re looking for, whatever that may be, at a home in Enchanted Lake.
The price range of houses for sale in Enchanted Lake is $839K to $1.32M with a median price of $969K, median interior of 1,733sf and median land size of 8,942sf.
The median price of houses sold in Enchanted Lake year-to-date (Jan - Mar 26, 2017) is $1.14M. In previous years it was $995K (2016), $1M (2015), $910K (2014), $920K (2013), $775K (2012), $758K (2011), $765K (2010), $701K (2009), $750K (2008), $775K (2007), $835K (2006), $799K (2005), $719K (2004), $519K (2003).
7 houses have sold in Enchanted Lake year-to-date (Jan - Mar 26, 2017). In previous years, the total number of houses sold were 54 (2016), 34 (2015), 33 (2014), 37 (2013), 46 (2012), 36 (2011), 25 (2010), 37 (2009), 30 (2008), 40 (2007), 43 (2006), 37 (2005), 55 (2004), 52 (2003).
On average Enchanted Lake houses were on the market for 17 days before they were sold (Jan - Mar 26, 2017). In previous years it was 71 days (2016), 60 days (2015), 82 days (2014), 62 days (2013), 64 days (2012), 39 days (2011), 40 days (2010), 50 days (2009), 71 days (2008), 71 days (2007), 68 days (2006), 28 days (2005), 38 days (2004), 42 days (2003).
The average days on market for Enchanted Lake houses before sold were 30 days February 2017 compared to 58 days February 2016.
The ratio of Enchanted Lake houses sales price vs list price were 99.3% February 2017 compared to 99.9% February 2016.
2 Enchanted Lake houses were sold February 2017 compared to 3 houses sold February 2016.
The total dollar volume of houses currently for sale in Enchanted Lake is $4.1M and the sold dollar volume year-to-date (Jan - Mar 26, 2017) is $8.49M. In previous years sold dollar volume was $59M (2016), $35.49M (2015), $32.28M (2014), $34.56M (2013), $37.46M (2012), $29.32M (2011), $18.45M (2010), $27.04M (2009), $22.9M (2008), $32.9M (2007), $37.16M (2006), $31.35M (2005), $39.92M (2004), $27.98M (2003).
The most recent sale in Enchanted Lake was a house located at 672 Keolu Drive, sold for $1.59M on Mar 24, 2017. It had 1993sf of interior. 9 other recent sales include: 558 Paakiki Place (3,328sf) sold for $1.67M on 3/24/2017. 622 Paopua Loop (3,120sf) sold for $1.14M on 3/13/2017. 986 Akumu Street (2,284sf) sold for $832K on 3/10/2017. 1451 Akupa Street (1,408sf) sold for $930K on 2/16/2017. 552 Wanaao Road (1,761sf) sold for $1.2M on 2/7/2017. 1248 Kahili Street (2,210sf) sold for $1.12M on 1/23/2017. 983 Alahaki Street (1,720sf) sold for $910K on 12/30/2016. 886 Wanaao Road (1,374sf) sold for $1.3M on 12/22/2016. 586 Paopua Loop (1,937sf) sold for $989K on 11/23/2016.