Paiko Lagoon Neighborhood Real Estate Update

Located in East Oahu, Paiko Lagoon, has about 20 oceanfront homes and another 20+ homes on the lagoon itself.

Paiko Lagoon

Paiko Lagoon, formerly a coastal fishpond, is fed by a freshwater spring and Kuli’ou’ou Stream. The lagoon’s water level varies with the tides and occasionally exposes the salty mudflats. Paiko Beach has always been a family favorite of ours.

Paiko Beach

Paiko Beach is a narrow strip of sand that almost disappears at high tide. It is fronted by a shallow coral reef, so swimming is only fair here. It’s a better spot to kayak or fish. Also, surfers paddle out here to reach the waves of Paikos, Turtles, Tuna Bowls and other surf spots that are located at the outer edge of the reef.

Paiko Beach is named after Joseph Paiko who died on June 1, 1942. His father Manuel Paiko came to Hawaii as a whaler in the 1840s. He came from Pico, one of the nine main islands of the Azores, located off the coast of Portugal.

He was known as “Manuel do Pico” and his name later became “Hawaiianized” into Paiko. Paiko senior was one of the first Portuguese to settle in Hawaii, who came to Hawaii even before the first group of Portuguese contract laborers came in 1878. The undeveloped Paiko Peninsula is located at the eastern end of the beach. Local residents call it Sand Point. The peninsula encloses the saltwater Paiko Lagoon, which was designated as a wildlife sanctuary by the State Department of Land and Natural Resources in 1974. Many endangered Hawaiian shorebirds find a place of refuge here, including the Hawaiian stilt, also known as a‘eo.

Paiko Lagoon Real Estate

In the past 3 years, we have only seen a handful of sales occur on the water. It ranges from 1-3 transactions per year.

A waterfront property in 2018, took over a year to sell, on average.

If you would like a detailed analysis of your neighborhood, please reach out and contact us.