BUILDING THE DREAM OF HOME OWNERSHIP
Just minutes away from Waikiki and in the shadow of Diamond Head lies a small neighborhood named Waialea where some of the most valuable ocean front properties in Hawaii is located. Waialae is at the bend of the east coast and overlooks both the southern and eastern shorelines. You’ll find coconut trees line the neighborhood streets and exceptional community parks for the leisurely at heart.
If you’re looking for that perfect second or vacation home, you’ll find it here in Waialea. The quality of life affords ocean front access, Waikiki’s exciting nightlife, shopping and dining at Kahala Mall, as well as hiking on the legendary trails of Diamond Head Crater.
Waialae median real estate price is currently running at $855,000, which is more expensive than 85 percent of the neighborhoods in Hawaii and 97 percent of the neighborhoods in the country.
The average rental price in Wai’alae is currently at $2,250 a month, and the average rental cost in this neighborhood is higher than nearly two thirds of the neighborhoods in Hawaii. Waialae offers many luxury home rentals for the both long and short term housing and the short term average rental price of about $3,500 a month. Most of the residential real estate, however, is owner occupied.
Waialae is a coastal suburban neighborhood located in Honolulu, Hawaii and the real estate is primarily made up of medium sized three or four bedroom and large four, five or more bedroom single-family homes, condominium developments, and high-rise rentals.
Many of the residences in the Waialae neighborhood are well-established, older homes built between the 1940’s up to around 1969, although a number of residences were also built after this time-frame with the last major development period ending around 1999.
When you see a neighborhood for the first time, the most important thing for most is its homes and its flair.
Waialae is on the ocean with amenities and recreational activities on the waterfront that are attractive to residents and visitors alike.
A majority of residents in the Waialae are well-to-do and educated executives, and own stately homes that tend to maintain high real estate appreciation rates. Their top of the ladder careers keeps them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling here. In addition to being a great choice for highly educated executives, the neighborhood has its share of urban sophisticates, families with school-aged children and active retirees.
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WHERE HOME OWNERSHIP HAPPENS IN WAIALAE, HONOLULU
Information posted on realtyuniversal.com by Wes McKibbon at The Home Buyer’s Korner are for educational purposes only. Every situation can be different and can be unique to a reader’s particular needs; do not consider anything you read on realtyuniversal.com as absolute or partial advice for your specific needs. Seek the advice of a qualified and suitable professional in your area for advice particular to your situation. The advice given may not produce the same results in your area and the information given here is not intended to cover all aspects of any given topic. Nathalie Mullinix REALTY UNIVERSAL, Inc., cannot be held responsible for the opinions and advice posted by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. Wes McKibbon nor The Home Buyer’s Korner are a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based profession, but are industry leaders and Wes is a highly respected retired FHA direct endorsement underwriter. If you have a specific question regarding any of these posts, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon of The Home Buyer’s Korner are intended for educational purposes only including discussion, suggestions, ideas, etc., to better serve interested parties that have chosen independently to engage in active participation.
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