History and Market Update for Hawaiian Ocean View Estates on the Big Island of Hawai'i
Beautiful ocean, cliff, and tidal views overlooking Whittington Beach Park in the district of Ka’u
Hawaiian Ocean View Estates is located on the southern side of the Big Island in the district of Ka’u. It is deemed the “World’s Largest Subdivision” with over 10,500 1-acre lots and over 150 miles of paved roads, yet it seems so small. It is a very diverse subdivision. Elevation ranges from about 1,500 ft. up to 5,000 ft., making for spectacular sunrises, sunsets, and star gazing for miles!! The terrain varies from rugged lava fields to Ohia trees, ferns and other vegetation.
Initial sales began in the late 1950’s. The original developer of H.O.V.E. was the Crawford Oil Company. In the early 1980s, a service station and a hardware store were built. In 1989, the Ocean View Town Center and the H.O.V.E. Road Maintenance were developed. Today, Ocean View has 3 shopping centers with several restaurants, gas stations, and numerous other local business’ including a computer store, gift and garden shop, full-service salon, auto parts store, chiropractor, and much more!
Sunset over Ace Hardware in the Ocean View Town Center in Hawaiian Ocean View Estates
Currently, there are approximately 88Â homes listed in Hawaiian Ocean View, ranging from $29,500 up to $695,000. Some are REOs, foreclosures, short sales, and some are private home owner listings. 27 of those listings are listed at $100,000 or less! As of today, there are 18 homes in H.O.V.E. that are in escrow to be sold and there have been 12 sales to date (compared to only 9 this same time last year), just since January 1st, 2011.
Price is “King” in this buyer’s market! Well priced, quality homes, like this impressive fully-furnished 3 bed/2 bath (MLS# 243065), are going fast right now! Jump on the real estate train and let it land you in a gorgeous home in Hawaii!!
Aloha and A Hui Hou!! (Goodbye, until next time!)