Discover Paradise Within Budget Paradise Beachfront Properties Under $1 5M in Enchanting Molokaiawaii
Molokai beachfront properties under $1.5M
Kaunakakai, HI
Quick Facts
- Many Molokai beachfront properties under $1.5M are located in the island’s rural areas, offering a more secluded and peaceful living experience.
- The average price per square foot for beachfront properties on Molokai is around $600-$800.
- Some beachfront properties on Molokai may require a 4-wheel drive vehicle to access due to rugged terrain.
- Lot sizes for beachfront properties on Molokai can range from 1/4 acre to over 10 acres.
- Home styles on Molokai beachfront properties under $1.5M can range from modern to traditional Hawaiian-style homes.
- Some beachfront properties on Molokai offer stunning views of the neighboring islands of Oahu and Lanai.
- The island of Molokai has a relatively low cost of living compared to other Hawaiian islands.
- Beachfront properties on Molokai under $1.5M may require some renovation or repair work due to the island’s rural and tropical environment.
- Molokai’s beachfront properties are often surrounded by lush tropical landscapes and offer ample opportunities for outdoor activities like snorkeling, fishing, and surfing.
- Property taxes on Molokai are relatively low, with a median tax rate of around 0.85% of the property’s value.
Table of Contents
- Introduction to Molokai Beachfront Properties
- Why Molokai?
- Molokai Beachfront Properties Under $1.5M
- Tips for Buying Beachfront Properties on Molokai
- Frequently Asked Questions
- Resources & Links
- For Buyers & Sellers
Discover the Ultimate Hawaiian Getaway: Molokai Beachfront Properties Under $1.5M
Are you dreaming of a tropical paradise with pristine beaches, crystal-clear waters, and a laid-back atmosphere? Look no further than Molokai, the second-largest island in the Hawaiian archipelago. With its stunning natural beauty and affordable prices, Molokai is an ideal destination for those seeking a tranquil beachfront lifestyle. In this article, we’ll explore the best Molokai beachfront properties under $1.5 million, perfect for your Hawaiian getaway.
Why Molokai?
Molokai, also known as the “Friendly Isle,” is a hidden gem in the Hawaiian real estate market. With its rural charm and untouched natural beauty, Molokai offers a unique opportunity to own a piece of paradise without breaking the bank. Here are some reasons why Molokai stands out:
- Unspoiled Nature: Molokai is one of the last remaining unspoiled islands in Hawaii, with vast wilderness areas, scenic valleys, and pristine beaches.
- Rich History and Culture: Molokai is home to a rich history and culture, with ancient fishponds, temples, and ranches that reflect its rich heritage.
- Relaxed Atmosphere: Molokai is the perfect destination for those seeking a relaxed, slower pace of life, away from the hustle and bustle of city living.
Molokai Beachfront Properties Under $1.5M
From oceanfront estates to beachside condos, Molokai offers a range of beachfront properties to suit every taste and budget. Here are some of the best beachfront properties under $1.5 million:
Luxury Oceanfront Estates
| Property | Location | Price |
|---|---|---|
| 2 bedroom, 2 bath single family home | West Molokai | $1,295,000 |
| 3 bedroom, 3 bath single family home | East Molokai | $1,395,000 |
| 4 bedroom, 4 bath single family home | North Molokai | $1,495,000 |
Beachside Condos
| Property | Location | Price |
|---|---|---|
| 2 bedroom, 2 bath condo | West Molokai | $795,000 |
| 3 bedroom, 3 bath condo | East Molokai | $1,095,000 |
| 1 bedroom, 1 bath condo | North Molokai | $549,000 |
Aloha Village at Kaunakakai
Located in the heart of Kaunakakai, Aloha Village offers a range of beachfront condos with breathtaking ocean views. With prices starting at $499,000, these condos are an affordable option for those seeking beachfront living.
Papohaku Beachfront Homes
Located on the west coast of Molokai, Papohaku is one of the island’s most renowned beaches. With its stunning sunsets and white sand beaches, Papohaku is a must-see destination for anyone visiting Molokai. For those seeking to own a piece of paradise, Papohaku beachfront homes offer a range of options, including:
- Golf course views: Enjoy stunning views of the Molokai Golf Course from the comfort of your own home.
- Beachfront living: Wake up to the sound of the waves and enjoy breathtaking ocean views from your home.
- Peaceful surroundings: Escape the hustle and bustle of city living and enjoy the peaceful surroundings of a rural beach town.
Tips for Buying Beachfront Properties on Molokai
Buying a beachfront property on Molokai requires careful consideration and research. Here are some tips to keep in mind:
- Work with a local real estate agent: A local agent can provide valuable insights and expertise on the Molokai real estate market.
- Research zoning and land use regulations: Ensure that the property you’re interested in is zoned for residential use and complies with all land use regulations.
- Inspect the property: Inspect the property thoroughly before making an offer, paying attention to any potential issues with the property or its surroundings.
- Consider the best time to buy: Molokai’s real estate market can be unpredictable, so consider the best time to buy based on market trends and seasonal fluctuations.
Contact Hawaii Elite Real Estate for Your Molokai Dream Property
Frequently Asked Questions:
- Q: What is the typical price range for Molokai beachfront properties?
A: The typical price range for Molokai beachfront properties under $1.5M is between $600,000 and $1.2M. - Q: Are there any beachfront condos available on Molokai?
A: Yes, there are a few beachfront condo complexes on Molokai, including the Kaluakoi Resort and the Ke Nani Kai condominiums, with prices starting around $400,000. - Q: Can I find a single family home on the beach in Molokai for under $1.5M?
A: Yes, there are some single family homes available on the beach in Molokai for under $1.5M; however, these homes are often older and may require renovations, with prices starting around $900,000. - Q: What are the advantages of owning a beachfront property on Molokai?
A: The advantages of owning a beachfront property on Molokai include stunning ocean views and sunsets, direct access to the beach, and a tranquil and secluded atmosphere. - Q: Are there any restrictions on buying beachfront property on Molokai?
A: Yes, there are some restrictions on buying beachfront property on Molokai, including zoning regulations and environmental restrictions; it is recommended that buyers work with a knowledgeable real estate agent to navigate these regulations. - Q: Can I rent my beachfront property on Molokai when I am not using it?
A: Yes, many owners of beachfront properties on Molokai rent their properties to tourists when they are not using them; this can be a good way to offset the costs of ownership, however, there may be some restrictions on short-term rentals in certain areas. - Q: What is the process for buying a beachfront property on Molokai?
A: The process for buying a beachfront property on Molokai typically involves working with a real estate agent to find a property, inspecting the property, and negotiating a price, and then closing on the property with the help of a title company and attorney.
Resources & Links
For Buyers & Sellers
Understanding the Impact of Molokai Beachfront Properties on Home Buyers and Sellers
As a real estate expert, I’ve closely observed the changing landscape of Molokai’s beachfront properties, particularly those priced under $1.5 million. This market trend has significant implications for both home buyers and sellers, shaping their expectations, strategies, and overall purchasing experiences.
For Home Buyers:
- Increased Accessibility: The rise of affordable beachfront properties on Molokai makes it more feasible for buyers to enter the market, even with lower budgets. This expanded accessibility attracts a broader range of buyers, from young couples to retirees seeking a tranquil island lifestyle.
- Shift in Priorities: As prices decrease, buyers are focusing on location, amenities, and the overall quality of life rather than solely chasing luxury homes. This shift in priorities emphasizes the importance of Molokai’s natural beauty, outdoor recreational opportunities, and local community.
- Opportunities for Resale: With more buyers entering the market, there’s a growing potential for properties to sell quickly, making resale more attractive to investors and those looking to upgrade.
For Home Sellers:
- Competition and Pricing: As prices drop, sellers face increased competition from buyers with more flexible budgets. This intense competition drives sellers to price their properties competitively to attract buyers, potentially reducing selling times and negotiations.
- Styling and Upgrades: With more buyers on the market, sellers can afford to invest in minor renovations and staging to differentiate their properties from others and appeal to potential buyers. This increased focus on curb appeal and finishes enhances the overall selling experience.
- Limited Time Frame: As inventory grows and prices decrease, sellers may face shorter market windows. This accelerated pace underscores the importance of effective marketing, pricing strategies, and prompt decision-making to secure a sale.
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