East Honolulu Real Estate – The Ridge Communities of Waialae Iki and Kahala Kua
All of the Hawaiian Islands are surrounded by the Pacific Ocean, which is aÂ beautiful and scenicÂ body of water.
1435 Laamia St. (MLS# 1008129) is in escrow with an asking price ofÂ $1,595,000
Although many people would love to live on the water, there is a finite amount of oceanfront residential land, and consequentially it is usually very expensive.Â Others like myself feel that if you can’t live on the water then the next best thing is to be able to see the ocean. For that reason, over the years hillside or ridge types of residential areas have been developed.
Because it is impossible to cover them all at once, the focus is going to be onÂ four of Oahu’s newer East Side Ridge Communities of Waialae Iki andÂ Kahala Kua,Â with Hawaii Loa andÂ Napali HaweoÂ to be covered in a follow up blog.Â Both of these have ocean views that will see different vistas from Portlock Point to Diamond Head to Ewa, and even views of Molokai and Lanai on clear days!
Waialae Iki is the oldest and the largest of the four with over 900 total homes built in 5 phases from 1964 through the 1990s. It has the least amount of incline and the top phase is a gated community. Sales prices of theÂ 38 sales in the last yearÂ ranged from $775,000 at the bottom of the hill to $1,850,000. Of theÂ 13Â current askingÂ prices between $1,160,000 and $1,875,000, five have accepted offers on them.
1587 Kamole St. (MLS# 1011187) is the lowest priced Waialae IkiÂ listing at $1,160,000
Kahala Kua is a smaller, newer community, with most of the 120 homes having been built since 1990.Â There are rarely any available homes; only two are currently listed, with one in escrow and the other listed at $1,395,000. Prior to these, the last sale was more than a year ago as inventory has been very limited.
5237 Kuaiwi Place (MLS# 1007636) is the only available home in Kahala Kua and is asking $1,395,000
If you are interested in either Waialae Iki or Kahala Kua, contact me as I have builtÂ new homes and lived in both of these ridge communities.