Last month finally saw an end to the drought in home sales in Waiki’i Ranch when a large home on Palekaiko Road (MLS# 240078) sold for $1,150,000. This home had been listed at $1,295,000 and had been on the market for 253 days before finding a new owner. Known for its towering glass windows that face the makai side of the home, this property was over 7,500 sq. ft. with 6 bedrooms on 10 acres. This figures out to be an amazing price per square foot of just $150.
Waiki’i Ranch’s newest listing (MLS# 248112) is 5,403 sq. ft. and is listed at $2,198,000
To put this in perspective, there is a new listing at Waiki’i (MLS# 248112) that is another large home with 4 bedrooms and 3.5 bathrooms for a total of 5,403 sq. ft. of living space on 10 acres. But, its price per square foot comes out to be $407. The smallest home listed in Waiki’i (MLS# 240386) is 2,117 sq. ft. and comes in at a slightly higher price of $468 per square foot.
This is a 7,004 sq. ft. estate on 53 acres (MLS# 230699) that includes a cedar log home, cottage, arena, and stable
Finally, compare this cost per square foot with a home (MLS# 230699) that really can’t be compared with any other home. But, just for fun, at a listing price of $12,895,000, the price per square foot comes out to a price per square foot of $1,841.
Hmm, $150 a square foot looks like the deal of the year in Waiki’i Ranch, and unless another home goes into escrow soon, it could be the only sale of the year.
I love the Big Island! Aloha.