Discover Your Piece of Paradise: Top Reasons to Invest in Hawaii Big Island Real Estate Market Trends
hawaii big island real estate for sale
Hilo, HI
Quick Facts
• The Big Island of Hawaii has a land area of approximately 4,028 square miles and a population of around 200,000.
• Median home price on the Big Island ranges from $450,000 to $650,000 depending on location and amenities.
• Condominiums start from around $200,000 in urban areas like Kailua-Kona and Hilo.
• The average price per square foot for single-family homes is approximately $320-$500.
• Hilo’s real estate market is generally more affordable than Kailua-Kona, with more modest homes and lower prices.
• Volcanic zones influence property pricing on the Big Island, with those closest to active volcanoes being less desirable and cheaper.
• Areas zoned for agricultural use may require larger landholdings, often starting at 1-5 acres, and are usually priced lower per acre.
• Luxury properties often command multi-million-dollar price tags, especially those with oceanfront views or extensive acreage.
• Hawaii’s unique ‘ohana’ housing concept encourages multiple dwellings on a single parcel, allowing more flexible and affordable living arrangements.
• Property taxes are generally around 0.28% of a home’s value in Hawaii County, depending on location and zoning.
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Hawaii Big Island Real Estate for Sale A Buyers Paradise
The Big Island of Hawaii is the largest island in the Hawaiian archipelago and is renowned for its lush tropical landscapes diverse geography and rich cultural heritage The island offers a unique blend of rural landscapes active volcanoes and stunning coastlines making it an attractive destination for buyers looking for a piece of paradise
Hawaii Big Island real estate for sale offers a wide range of options from oceanfront luxury homes to cozy vacation cottages and family-friendly subdivisions Homebuyers can choose from an array of architectural styles including modern contemporary designs and traditional Hawaiian-style homes
One of the most sought-after neighborhoods on the Big Island is the Hilo area known for its historic charm and scenic beauty Hilo is a coastal city on the eastern coast of the island and is known for its gentle climate lush tropical landscapes and stunning waterfront views The Hilo real estate market offers a mix of old and new homes including renovated historic homes and modern new constructions
Another popular area is Kailua-Kona on the western coast of the island Kailua-Kona is a thriving coastal town with a rich cultural heritage and stunning ocean views The area offers a range of real estate options including luxury condos family-friendly homes and beachfront properties Kailua-Kona is a popular spot for water sports including surfing snorkeling and scuba diving
Waikoloa is a picturesque coastal village on the western coast of the island and is known for its stunning ocean views and beautiful beaches The village is home to a range of luxury resorts and real estate developments including the Waikoloa Beach Resort and the Mauna Lani Resort
For those looking for a more rural lifestyle the Big Island offers a range of real estate options in its rural areas including large ranches and farms and secluded country homes The areas of Honaunau and Kona Coffee Belt are popular areas for country homes and offer a tranquil and picturesque atmosphere
The Hamakua Coast is another stunning area of real estate and located along the northeastern coast of the Big Island The area is known for its rugged coastline scenic valleys and beautiful beaches The Hamakua Coast features a range of small towns including Honokaa and Laupahoehoe which offer a mix of historic and modern homes
Mauna Kea is a picturesque area known for its stunning scenic views and tranquil atmosphere Real estate options in Mauna Kea range from luxury condos to single-family homes and include a range of styles and architectural designs
There are many great things about Hawaii Big Island real estate but here are some key benefits of investing in a piece of paradise
1 Lush tropical landscapes and diverse geography
2 Rich cultural heritage and historic charm
3 Stunning ocean views and beautiful beaches
4 Small-town atmosphere and sense of community
5 Access to outdoor activities including surfing snorkeling and hiking
6 Diverse range of real estate options including luxury condos and cozy vacation cottages
7 Opportunity to invest in rental properties including vacation rentals and long-term rentals
8 Potential for long-term capital appreciation of investment properties
However there are some considerations that buyers should be aware of when investing in Hawaii Big Island real estate
1 Higher cost of living compared to the mainland
2 Remote location and transportation costs
3 Limited job opportunities and career advancement
4 Seasonal and temporary fluctuations in real estate market
5 Special considerations such as volcanic ash and vog air pollution
Investors and buyers looking to invest in Hawaii Big Island real estate should conduct thorough research and due diligence on the real estate market and neighborhoods
Overall Hawaii Big Island real estate for sale offers a unique and diverse range of options for buyers looking to invest in a piece of paradise The island is rich in natural beauty and offers a tranquil and picturesque lifestyle Whether you are looking for a luxury oceanfront home or a cozy vacation cottage the Big Island is an attractive destination for buyers looking to own a piece of paradise
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Frequently Asked Questions:
Hawaii Big Island Real Estate for Sale FAQ
Q What is the current state of the Hawaii Big Island real estate market
A The Hawaii Big Island real estate market is competitive with a mix of buyers and sellers The market can vary depending on the location and type of property
Q What are the most popular areas to buy real estate on the Big Island
A Some of the most popular areas to buy real estate on the Big Island include KailuaKona Hilo Waimea and the Volcano area These areas offer a range of properties from beachfront homes to rural land
Q What types of properties are available for sale on the Big Island
A There are a variety of properties available for sale on the Big Island including singlefamily homes condominiums townhouses and land Properties can range from affordable to luxury and everything in between
Q How much does it cost to buy real estate on the Big Island
A The cost of buying real estate on the Big Island can vary widely depending on the location type of property and size of the property Prices can range from under 200000 to over 1 million or more for luxury properties
Q Are there any tax benefits to owning real estate on the Big Island
A Yes there are tax benefits to owning real estate on the Big Island including a lower general excise tax rate than on other Hawaiian islands and potential tax credits for energyefficient upgrades and historic property preservation
Q Do I need to be a US citizen to buy real estate on the Big Island
A No you do not need to be a US citizen to buy real estate on the Big Island However nonUS citizens may need to go through additional paperwork and requirements to complete the purchase
Q How long does it take to close on a real estate purchase on the Big Island
A The time it takes to close on a real estate purchase on the Big Island can vary depending on the complexity of the transaction and the speed of the parties involved but generally takes 3060 days
Q Are there any unique considerations when buying real estate on the Big Island
A Yes some unique considerations when buying real estate on the Big Island include the potential for volcanic activity and lava flows and the need for property insurance to cover these risks Additionally buyers should be aware of any homeowners association rules or regulations and any environmental concerns such as conservation easements
Q How do I find a real estate agent on the Big Island
A You can find a real estate agent on the Big Island by researching online asking for referrals from friends or family or checking with local real estate associations such as the Hawaii Association of Realtors
Related Links & Information:
Zillow Hawaii Big Island Real Estate
Realtor.com Hawaii Big Island Homes for Sale
Hawaii Island Realtors Association
Redfin Hawaii Big Island Real Estate
Hawaii Life Hawaii Big Island Homes for Sale
