Diamond Head has typically been an area where homes have held their values over the last few years and there haven’t been too many “bargains”. However, for those that have cash, now is your chance!
Previous Price: $8,900,000
Current Listing Price: $6,900,000 (-$2,000,000)
3047 Kalakaua Ave. (MLS # 1003547) has been on and off the market for a few years now. It was completed in 2008 by Homeworks Construction and asking prices have been as high as $14,995,000! Although overpriced back then, today’s price is looking really attractive. Not only are oceanfront homes at Diamond Head rare, those along the Gold Coast are even rarer as most of the real estate is taken up by highrises. For more photos and an interactive floor plan click here.
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Posted by Mark Buck, R on June 24th, 2010 |
Tags: Diamond Head, For Sale, Hawaii Loa Ridge, Homes, Honolulu, Kahala Kua, Luxury, Niu, Oahu, Waialae, Waialae Iki
Gated communities are a very desirable real estate investment for residents and investors alike, and East Oahu has three hillside developments that have seen an uptick in activity recently.
5231A Kuaiwi Place (MLS# 1006735) in Kahala Kua has just been reduced to $1,525,000
Although there are a number of gated townhouse developments, the three single family gated communities of Waialae Iki V, Kahala Kua, and Hawaii Loa Ridge are the ones with the spectacular views and higher end properties. Various differences exist with regard to common area amenities, but all three share the benefits of better security, reduced traffic, and, usually, higher values. These in turn offset some of the negatives, which are a sense of always being watched while coming and going, dealing with having guests having to call in, and the “elitist” perception of some. Read entire post →
Posted by David Buck, R, BIC on May 3rd, 2010 |
Tags: Architecture, Diamond Head, For Sale, Hawaii, Homes, Luxury, Oahu, Ossipoff, Price Reductions
There are now two homes on the market in Diamond Head designed by one of Hawaii’s most famous architects—Valdimir Ossipoff.
It’s been about five months now since I wrote about Mid-Century Modern Homes on Oahu and felt that these are two noteworthy listings worth mentioning:
Lanai and trees in background of Diamond Head home
3795 Diamond Head Road (MLS# 1005108) recently came on the market for $2,500,000. Built in 1956, it has been tastefully remodeled, has a prime address, location and ocean views. You can’t go wrong! Read entire post →
Posted by David Buck, R, BIC on April 12th, 2010 |
Tags: Big Island, Diamond Head, Hawaii, Honolulu, Kauai, Lanai, Marketing, Maui, Molokai, Oahu, Sellers
Diamond Head Lookout within walking distance of Oahu home…
I just saw a new listing pop up today in Diamond Head and the main photo in MLS was a picture of the coastline. The description of the photo said it was within “walking distance”. Well, what do you define as walking distance? Read entire post →
There was a great article in yesterday’s Sunday paper titled Diamond Head Architectural Classics on the Market. The article featured two listings:
1) 4315 Panini Loop which was designed by Claude Albon Stiehl in 1930
2) 2911 Makalei Place which was designed by Charles William Dickey in 1932
View Oahu luxury homes →
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Posted by David Buck, R, BIC on February 5th, 2010 |
Tags: Diamond Head, Kapahulu, Makaha, Nanakuli, Oahu, Sales Stats, Wahiawa, Windward Coast
There was a recent article in the Pacific Business News titled 2010 Oahu home sales off to fast start that talked about how we’ve been on a roll here on Oahu with home sales up every month since January 0f 2009! Year over year home sales were up 33% with 166 sales and condo sales up 43% with 227 sales! This momentum has definitely carried on from November and December of 2009. What was interesting to see was the median price of a single family home was up 11% from last year, while the median sales price Oahu condos was down 2%. While the numbers were great, real estate is always local…
Where was up?
Where was down?
- Wahiawa experienced the highest depreciation with prices down 32.8% year over year
- Makaha/Nanakuli had the largest drop in number of sales down 61.5% year over year
Posted by David Buck, R, BIC on January 31st, 2010 |
Tags: Diamond Head, Kahala, Luxury
3939 Kahala Ave.
There are two homes that recently sold on the boarder of Diamond Head and Kahala that have had tremendous appreciation compared to the rest of Oahu and the nation for that matter.
- 3939 Kahala Ave. just closed today at $3,150,000. It last sold January 23, 2008 for $2,340,000 for an appreciation of 34.6% over 2 years or 17.3% annualized return.
- 4322 Kahala Ave. also just sold on 1/26/2010 for $3,500,000. It last sold for $2,600,000 on July 25, 2008 for an appreciation of 42.3% over 1.5 years or 28.2% annualized return.
These aren’t bad returns considering the economy and other investment vehicles. The stock market is still volatile, everyone is running to gold and how soon we forget how real estate can be a great asset class to invest in :)
If you’re looking for some well price homes near these, here’s a few:
4322 Kahala Ave.
One wild guess why these have gone up while other areas of the island have gone down? Location, location, location….
View my favorite Oahu luxury homes →
The Kaiser Estate is Available for $80 Million
If you are a homeowner looking to sell your luxury home on Oahu, you should be thankful 2009 is behind us :) Sales of Million Dollar homes on Oahu were down 27% from 2008. There were 273 homes on Oahu that sold over $1 million compared to 374 in 2008. Good news is if you’re a buyer of homes over $1 million, now is the time for bargain hunting! There were two recent sales in Diamond Head where a buyers buyers picked up some great buys:
- 3721 Poka Place sold for $3,050,000 on 10/2/2009. The previous owner paid $4,100,000 on 5/15/2007!
- 669 Hakaka Place sold for $3,373,000 on 10/20/2009. The previous owner paid $4,200,000 on 8/30/2004!
In my opinion, it’s the higher price point that has suffered the most. It’s still hard to find a nice home in a good neighborhood around $1 million, however once you get in the $3-5 million range, there are bargains galore out there. Sales above $5 million got hit even harder, down 50% in 2009 with only 10 sales all year vs. 20 in 2008. Meanwhile, there are 54 active listings on Oahu over $5 million as of today…
View my favorite Oahu luxury homes for sale → Read entire post →
3025 Diamond Head Road
I loaded a new listing into MLS Sunday evening and since 8 AM Monday morning, my phone has been ringing off the hook!
We are the lowest priced listing in Diamond Head where homes can run as high as $10 million plus.
Recent comparable homes are 3817 Leahi Ave. that sold for $975,000 and 3012 Diamond Head Road that is in escrow with asking price of $1.1 Million.
3025 Diamond Head Road is a rarely available Diamond Head bungalow that is two blocks walking distance to the beach. It has a charming Hawaiiana feel with Koa Wood floors, built-ins, board & batton walls, lap pool, waterfall, hot tub, patio for entertaining and wall for privacy. It’s also a Short Sale subject to lender approval.
I believe we’re priced well with the comps and am excited about this new listing. Offers have already been rolling in! Buyers are still out there. If you’re looking for results to get your home sold, Hawaii Life offers Smart Marketing and Solid Representation.
