A year in review: The top five most expensive home sales
Recession? What recession? If the high-end real estate market is any indication of the state of the economy, then let the good times roll. Luxury homes sold very well last year, with the most expensive single-family mansion closing at $13 million.
Want to see which houses topped the list for 2011? Read on:
1001 Kaimoku Place
List price: $15 million
Sold price: $13,850,000
Really? It’s the most expensive home sold, and there’s no photo available? Fortunately, we found an aerial from our archives, as this property was number 16 in our 2005 “25 Most Expensive Homes on O’ahu” list. Just imagine an eight-bedroom home with five full baths and two half baths, sprawled over 13,188 square feet in two stories. It must be a super prime half-acre lot or a very well-kept home, because it was built in 1967 but was only on the market about a month before someone snapped it up. It was remodeled in 1997, though, so that makes it all worth it.
59 Kailuana Place
List price: $11,800,000
Sold price: $11 million
This is a new beachfront Kailua estate that looks more like a resort, located on a private, secluded lane that runs from the canal to the ocean. Of the five bedrooms, two are master suites with unobstructed beach views; one of them is 1,500 square feet, which is larger than some people’s entire homes. It all opens to the beach and is sheltered from the wind, but if you don’t like the great outdoors, just sit in the pool, spa, and cabana. There’s also a wine room, two outdoor showers, and fire and water features.
3222 Diamond Head Road
List price: $14,200,000
Sold price: $10,600,000
Okay, it is an older home—built in 1949—but it was rebuilt in 2004 and remodeled in 2009. Despite the existing infrastructure on this dramatic, 5,000-square-foot Diamond Head Villa estate, it was probably necessary to knock off $4 million to make it a sweeter deal. (It was on the market for 106 days.) There are four bedrooms, 3.5 bathrooms, and a separate one-bedroom guesthouse all on a 21,623-square-foot lot.
2549 Tantalus Drive
List price: $9,900,000
Sold price: $8,500,000
The first words out of my mouth were, “This is a huge house on a huge lot.” Period. It’s a 13,891-square-foot, two-story home in a gated compound of almost an acre and a half up on Tantalus. Its luxurious interiors open onto a large swimming pool and lanais, as well as manicured grounds. You can fit the whole clan in its six bedrooms, six full baths (plus two half baths) and work out in your own home gym. Who needs to be oceanfront when you have views from the mountain?
1586 Mokulua Drive
List price: $6,500,000
Sold price: $6,100,000
Let’s face it, you could build a shack in Lanikai and it could still sell for a couple million dollars, if the location was right. This elegant oceanfront residence was newly built in 2007 and sold with some of the furniture, so it was well worth the price—and probably also why it was only on the market 25 days. The lot is almost half an acre and the three-bedroom, 4.5-bath home is a little more than 4,000 square feet, complete with pool, spa, and a separate rec room.
Now, don’t be discouraged by this list and start making plans to set up your own Occupy Honolulu camp. The real estate market runs the full spectrum. Here’s a quick glance at the five least expensive homes sold in 2011. With the exception of the first property, which is in Nanakuli, these are located in Waianae:
- 87-288 Maia St., $100,000
- 85-199 Ala Akau St., $95,000
- 85-121 Ala Walua St., $85,000
- 85 Ala Walua St., $77,000
- 85 Ala Akau St., $65,000
As mentioned yesterday, it’s possible to get your piece of the rock. You just need to know what part of the rock you want and if you can afford it.
Coming tomorrow: The most and least expensive condos of the year!
Mahalo to Stephen Lopaz of the Honolulu Board of Realtors and Rick Nakama, R, of East Oahu Realty for their help in compiling details for today's entry.