Exploring Luxury Living on the Big Island of Hawaii Discover Exclusive Real Estate Opportunities in Kailua Kona and Beyond
big island real estate for sale
Kailua-Kona, HI
Quick Facts
• The Big Island of Hawaii has a diverse real estate market with a wide range of properties for sale, from luxury estates to affordable single-family homes and condos.
• The island’s real estate market is often segmented into regions, with different areas offering distinct lifestyles and price points.
• Hilo is the county seat and has a more laid-back, local lifestyle, with real estate prices that are often more affordable than other areas on the island.
• Kailua-Kona is a popular tourist destination and has a more upscale real estate market with prices to match.
• The Big Island has a relatively low median sales price for single-family homes, around $550,000, making it more affordable than other Hawaiian islands.
• Land prices on the Big Island can range from around $10,000 to over $100,000 per acre, depending on location and zoning.
• The island’s real estate market is subject to the same local, state, and national economic influences as other markets, but its unique location and attractions can affect demand and prices.
• Short-term vacation rentals are a significant part of the Big Island’s real estate market, with many properties being rented out on platforms like Airbnb and VRBO.
• The Big Island has a number of luxury communities and resort areas, such as Mauna Lani and Waikoloa, that offer upscale homes, amenities, and services.
• Many properties on the Big Island offer stunning natural views, including ocean views, mountain views, and views of dormant volcanoes like Mauna Kea.
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The Big Island Real Estate Market Hawaii’s Largest Island Offers Diverse and Vibrant Communities
Located in the heart of the Pacific Ocean, the Big Island of Hawaii is the largest island in the Hawaiian archipelago. Known for its stunning natural beauty, rich cultural heritage, and diverse landscapes, the Big Island is an attractive destination for tourists and residents alike. From volcanic landscapes to black sand beaches, ancient rainforests to snow-capped mountains, the Big Island offers a unique and exciting place to live. For those considering a move to this beautiful island, the Big Island real estate market offers a wide range of options to suit various needs and budgets.
Communities on the Big Island
The Big Island is home to several distinctive communities, each with its own unique character and charm. Hilo, the island’s capital, is a vibrant city with a rich cultural heritage. Located on the east coast, Hilo is nestled between the ocean and a lush rainforest. The city is home to a variety of restaurants, shops, and cultural attractions, including the Hilo Farmers Market and the Pacific Tsunami Museum.
Kailua-Kona, on the west coast, is a bustling tourist hub that offers a wide range of amenities and activities. The city is home to a beautiful beach, a historic downtown area, and a variety of restaurants and shops. Other notable communities on the Big Island include Waikoloa, Pahoa, and Naalehu.
Types of Real Estate on the Big Island
The Big Island real estate market offers a diverse range of properties, from single-family homes and condominiums to vacant land and commercial properties. Single-family homes on the Big Island range in price from the mid $400,000s to over $1 million, depending on factors such as location, size, and amenities. Condominiums and townhouses are also available, offering a more affordable option for buyers.
Vacant land on the Big Island is a popular option for buyers who want to build their own dream home. Land prices vary widely, depending on factors such as location, size, and zoning. Commercial properties, such as office buildings and retail spaces, are also available on the Big Island.
Neighborhoods to Consider
When shopping for real estate on the Big Island, there are several neighborhoods to consider. Some of the most popular neighborhoods include:
Kohala Estates: This upscale neighborhood is located just north of Kailua-Kona and offers stunning ocean views and mountain vistas. Homes in Kohala Estates range in price from the mid $500,000s to over $1 million.
Waikoloa: This resort community is located on the west coast and offers a range of amenities, including golf courses, swimming pools, and shopping centers. Homes in Waikoloa range in price from the mid $400,000s to over $1 million.
Hilo: The capital city of the Big Island, Hilo is a vibrant and eclectic community that offers a range of real estate options. Homes in Hilo range in price from the mid $300,000s to over $700,000.
Pahoa: This charming coastal town is located on the east coast and offers a range of real estate options, including single-family homes and vacant land. Homes in Pahoa range in price from the mid $200,000s to over $500,000.
Why Buy Real Estate on the Big Island
There are many reasons to consider buying real estate on the Big Island. Here are just a few:
Stunning natural beauty: The Big Island is home to some of the most beautiful landscapes in the world, including volcanic landscapes, rainforests, and black sand beaches.
Rich cultural heritage: The Big Island is home to a rich and vibrant cultural scene, with many historic sites and attractions.
Outdoor recreation: The Big Island offers a wide range of outdoor recreational activities, including surfing, snorkeling, and hiking.
Growing economy: The Big Island economy is growing steadily, driven by tourism, agriculture, and renewable energy.
Conclusion
The Big Island real estate market offers a wide range of options for buyers, from single-family homes and condominiums to vacant land and commercial properties. With its stunning natural beauty, rich cultural heritage, and diverse communities, the Big Island is an attractive destination for anyone looking to buy real estate in Hawaii. Whether you’re a first-time homebuyer or a seasoned investor, the Big Island has something to offer.
Tips for Buying Real Estate on the Big Island
When shopping for real estate on the Big Island, here are a few tips to keep in mind:
Work with a local real estate agent: Local agents have extensive knowledge of the Big Island market and can help you find the right property.
Research neighborhoods: Different neighborhoods on the Big Island offer different lifestyles and amenities. Research neighborhoods before making an offer.
Consider zoning and land-use regulations: Zoning and land-use regulations on the Big Island can impact the value of your property. Make sure to research these regulations before making a purchase.
Inspect properties carefully: The Big Island is a tropical island with a growing climate. Make sure to inspect properties carefully before making an offer.
Negotiate terms: Don’t be afraid to negotiate terms when buying real estate on the Big Island. Agents and sellers may be willing to negotiate on price and other terms.
The Big Island real estate market is a complex and ever-changing market. Stay informed and up-to-date with the latest market trends and developments to make an informed decision.
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Frequently Asked Questions:
Big Island Real Estate for Sale FAQ
Q Why should I consider buying a property on the Big Island
A The Big Island offers a unique combination of tropical climate active volcanoes and beautiful beaches making it an ideal location for those looking for a laid back and adventurous lifestyle
Q What types of properties are available on the Big Island
A The Big Island offers a wide range of properties including single family homes condos townhomes land and commercial properties
Q What are the most popular areas to buy on the Big Island
A Some of the most popular areas to buy on the Big Island include Kailua Kona Hilo Waimea and Volcano
Q How do I find the right property on the Big Island
A We recommend working with a local real estate agent who has knowledge of the island and the current market They can help you find properties that fit your needs and budget
Q What is the current state of the Big Island real estate market
A The Big Island real estate market is constantly changing However we can provide you with current information on market trends and prices
Q Are there any local or state taxes I should be aware of
A Yes Hawaii has a general excise tax and a conveyance tax that apply to the sale of real property It is recommended that you consult with a tax professional to understand the specific taxes that apply to your situation
Q Can I finance a property on the Big Island
A Yes there are several financing options available for properties on the Big Island including traditional mortgages and owner financing
Q What are the benefits of working with a local real estate agent
A A local real estate agent has knowledge of the island and the current market They can provide you with valuable insights and help you navigate the buying process
Q How do I make an offer on a property
A When making an offer on a property it is recommended that you work with a local real estate agent They can help you prepare an offer that is competitive and realistic
Q What is the typical process for buying a property on the Big Island
A The typical process for buying a property on the Big Island includes finding a property making an offer negotiating the terms of the sale and closing on the property A local real estate agent can guide you through this process
Q What are the typical closing costs associated with buying a property on the Big Island
A The typical closing costs associated with buying a property on the Big Island include title insurance escrow fees recording fees and other miscellaneous costs The total cost of closing can range from 2 to 5 of the purchase price
Related Links & Information:
Zillow – Big Island Real Estate
Redfin – Big Island Real Estate
Realtor.com – Big Island Real Estate
Century 21 – Big Island Real Estate
Sotheby’s – Big Island Real Estate
