Hawaii Big Island Luxury Homes for Sale Finding the Perfect Tropical Oasis on the Largest Island in the Aloha State
hawaii big island real estate for sale
Hilo, HI
Quick Facts
• The median home price on the Big Island is around $640,000, with prices in Kailua-Kona and Hilo ranging from $500,000 to over $1 million.
• The most popular areas to buy real estate on the Big Island include Kailua-Kona, Hilo, and Waikoloa.
• The Big Island is the largest island in Hawaii, covering over 4,000 square miles, offering a wide range of properties and lifestyles.
• Many Big Island properties for sale are located in rural and natural settings, offering stunning ocean and mountain views.
• A significant portion of the island’s real estate market consists of vacation rental properties, often in the form of condos or single-family homes.
• Hawaii’s 1031 exchange program allows property owners to defer capital gains taxes by exchanging one investment property for another.
• Non-resident buyers may be subject to a 7.2% state real property tax and other fees, while residents are subject to lower rates.
• Large tracts of land, ranches, and farms are also available for sale on the Big Island, ranging from 10 to over 1,000 acres.
• Oceanfront properties and land with beach access are highly sought after and often come with a higher price tag, with some parcels selling for over $10 million.
• Real estate agents specializing in Big Island properties often recommend securing pre-approval for financing before making an offer on a property.
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Hawaii Big Island Real Estate for Sale A Tropical Paradise for Investors and Homebuyers Alike
Located in the heart of the Pacific Ocean, the Big Island of Hawaii is a treasure trove of natural wonders, from its towering volcanic peaks to its stunning beaches and lush rainforests. For those looking to invest in a piece of tropical paradise, Hawaii Big Island real estate for sale is a lucrative opportunity that offers a mix of relaxation, adventure, and long-term returns.
With a diverse range of properties available, from luxury estates to cozy beachside bungalows, the Big Island has something for every type of buyer. Whether you are a seasoned investor or a first-time homebuyer, the island’s unique blend of natural beauty and modern amenities makes it an attractive destination for anyone looking to own a piece of Hawaii.
Big Island Real Estate Market Overview
The Big Island real estate market has experienced significant growth in recent years, driven by a combination of factors, including a strong economy, tourism growth, and limited housing supply. The island’s two main cities, Kailua-Kona and Hilo, offer a range of housing options, from apartments and condominiums to single-family homes and luxury estates.
In terms of median home prices, the Big Island has seen steady increases over the past few years, with the median home price currently standing at around 430,000. However, prices can vary significantly depending on the location, with homes in prime areas like Kailua-Kona and Waikoloa typically selling for higher prices.
Types of Big Island Properties for Sale
The Big Island offers a diverse range of properties for sale, catering to different tastes, budgets, and lifestyles. Here are some of the most popular types of properties available on the market:
1. Luxury Estates – These high-end properties offer the ultimate in luxury living, with spacious mansions, private pools, and breathtaking views of the ocean and surrounding landscapes.
2. Condominiums and Townhouses – Perfect for those who want to be close to the action, condominiums and townhouses in areas like Kailua-Kona and Waikoloa offer a range of amenities, including pools, spas, and golf courses.
3. Single-Family Homes – From cozy beachside bungalows to spacious family homes, single-family properties on the Big Island offer a range of options for families, retirees, and first-time buyers.
4. Vacation Rentals – With tourism on the rise, vacation rentals have become a popular investment opportunity on the Big Island. From studio apartments to luxury villas, these properties can generate significant rental income for owners.
5. Land and Acreage – For those looking to build their dream home or develop a piece of land, the Big Island offers a range of land and acreage options, from small parcels of land to large rural properties.
Popular Areas to Buy Big Island Real Estate
The Big Island is home to several popular areas, each with its unique character and attractions. Here are some of the most sought-after areas to buy Big Island real estate:
1. Kailua-Kona – Known for its stunning beaches, historic landmarks, and vibrant cultural scene, Kailua-Kona is a popular destination for tourists and homebuyers alike.
2. Waikoloa – Located on the west coast, Waikoloa is a luxury resort area that offers a range of amenities, including golf courses, spas, and upscale shopping centers.
3. Hilo – The island’s largest city, Hilo is a hub of culture, history, and natural beauty, with a range of properties available, from apartments to single-family homes.
4. Volcano Village – Located near Hawaii Volcanoes National Park, Volcano Village is a charming rural community that offers a range of properties, including vacation rentals and land.
5. Mauna Lani – This luxury resort area on the west coast offers a range of high-end properties, including estates, condominiums, and land.
Benefits of Buying Big Island Real Estate
Investing in Big Island real estate offers a range of benefits, including:
1. Rental Income – With tourism on the rise, Big Island properties can generate significant rental income for owners.
2. Appreciation – The Big Island real estate market has experienced steady growth in recent years, making it a lucrative opportunity for investors.
3. Tax Benefits – Homeownership on the Big Island offers a range of tax benefits, including mortgage interest deductions and property tax exemptions.
4. Lifestyle – The Big Island offers a unique lifestyle that combines relaxation, adventure, and natural beauty, making it an attractive destination for homebuyers.
5. Diversification – Investing in Big Island real estate can provide a hedge against market volatility, as property values tend to be less correlated with the stock market.
In conclusion, Hawaii Big Island real estate for sale offers a mix of natural beauty, relaxation, and long-term returns, making it an attractive opportunity for investors and homebuyers alike. With a range of properties available, from luxury estates to cozy beachside bungalows, the Big Island has something for every type of buyer. Whether you are a seasoned investor or a first-time homebuyer, the island’s unique blend of natural beauty and modern amenities makes it an attractive destination for anyone looking to own a piece of Hawaii.
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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 relatively stable with a mix of buyers and sellers The market can vary depending on the location and type of property
Q What types of properties are for sale on the Big Island
A There are various types of properties for sale on the Big Island including single-family homes condominiums townhomes land and farm properties
Q What is the price range of homes for sale on the Big Island
A The price range of homes for sale on the Big Island varies widely depending on the location size and amenities of the property Prices can start from around 200000 for a small condominium and go up to several million dollars for a luxury estate
Q Are there any specific locations on the Big Island that are popular for real estate
A Yes some popular locations on the Big Island include Kailua-Kona Hilo Waimea and the Kohala Coast These areas offer a range of amenities and activities including beaches golf courses and shopping centers
Q What are the costs associated with buying a property on the Big Island
A The costs associated with buying a property on the Big Island include the purchase price closing costs property taxes and insurance The closing costs can range from 2 to 5 percent of the purchase price
Q Are there any financing options available for buying a property on the Big Island
A Yes there are various financing options available for buying a property on the Big Island including conventional loans VA loans and US Department of Agriculture loans It is recommended that you consult with a lender to determine the best financing option for your situation
Q How long does it take to close a real estate transaction on the Big Island
A The length of time it takes to close a real estate transaction on the Big Island can vary depending on the complexity of the transaction and the speed of the parties involved On average a real estate transaction can take around 30 to 60 days to close
Q Are there any specific documents required to buy a property on the Big Island
A Yes some specific documents required to buy a property on the Big Island include proof of identity proof of income and proof of asset The seller may also require a pre-approval letter from a lender
Q Can I buy a property on the Big Island as a foreign buyer
A Yes it is possible for foreign buyers to purchase property on the Big Island However there may be additional requirements and restrictions including obtaining a tax identification number and opening a US bank account
Q Are there any property taxes and fees associated with owning a property on the Big Island
A Yes there are property taxes and fees associated with owning a property on the Big Island The property taxes are based on the assessed value of the property and can range from 0.25 to 0.4 percent of the assessed value per year There are also annual fees for maintenance and upkeep of the property
Related Links & Information:
Zillow – Hawaii Big Island Real Estate
Redfin – Big Island Real Estate
Hawaii Property – Big Island Real Estate for Sale
Realtor.com – Big Island Real Estate for Sale
LuxuryRealEstate.com – Big Island Hawaii Real Estate for Sale
