Great Value Hawaii Loa Ridge Luxury Home & Mauna Luan Luxury Condo
Welcome to the most popular section of our monthly Hawaii Damon Blog Great Value Hawaii Luxury Real Estate! Currently most of the luxury home neighborhoods on Oahu are experiencing Buyers Markets (defined as having more than 5 months of inventory currently on the market) with average inventory levels at 15.6 months for Oahu luxury home neighborhoods (see Latest Oahu Hawaii Real Estate Statistics). Prices are decreasing (average sales prices for homes are almost 10% less than original asking prices) making it a great time for Buyers to find good value properties in these neighborhoods. Whether you are an investor searching for a great deal or looking to trade up to a luxury home or condo, now we would be great time to purchase a home in a luxury neighborhood in Hawaii. Most median neighborhoods on Oahu in Hawaii are in extreme Sellers markets (complete opposite from luxury home neighborhoods) with prices rapidly increasing. Selling your home in a median neighborhood and trading-up / buying in a luxury neighborhood would be a wise decision. In this section I will feature Hawaii Luxury Real Estate, both Homes & Condos which I think offer especially great value for potential Buyers. This month features 2 properties; one home on Hawaii Loa Ridge and one condo building in Hawaii Kai.
Hawaii Loa Ridge Home:
875 Ikena Circle
Value Features:
- Price $2,995,000
- Unmatched turquoise ocean views from coastline to Koko Head to Molokai.
- Etched Glass Doors
- Cathedral-like Acoustics in center part of home – piano players dream!
- 4,860 SQF Interior & 13,899 SQF Land
- Split level with 3+ floors
- Conveniently located in the prestigious Hawaii Loa Ridge gated and secured neighborhood
- Beautifully built in 1996.
Hawaii Kai Mauna Luan Condominiums (built in 1975):
As of this writing there are 5 units on the market, all great value, with most just around 10% higher than tax assessed value. Unit #1/20E is an example of a 2 bedroom penthouse that offers exceptional value.
Value Features:
- Price $645,000
- Beautiful Ocean Views
- Penthouse 20th Fl.
- Newly Renovated 2 Bedroom Unit
- Spacious 1,303 SQF of indoor floor space.
- Conveniently located behind and above Ala Moana Mall
- Amenities abound including pool area, BB-Q etc.
- Hawaii Kai is a fantastic and beautiful place to live just 30 minutes from town.
- Hawaii Kai has the highest rated public schools in the state recently implementing the IB (International Baccalaureate) Curriculum.
If you would like to know more about these properties please contact me (Damon Rhys) for more information. Disclosure: Some properties in this section may be listed by the brokerage firm I work with, Sachi Hawaii. My goal is to give my unbiased opinion on great value Hawaii Real Estate for all brokerage firms on Oahu. In this month the Hawaii Loa Ridge property is listed by Sachi Hawaii.
Please check out this sites easy to use Search Tool to find current listings of Hawaii Real Estate now on the market. Homes for sale in Oahu and Condos for sale in Honolulu (Waikiki, Ala Moana, Kakaako, Hawaii Kai etc.) can all be found here using the Hawaii Condo Search or Hawaii Home Search tools.
Aloha!
Damon Rhys