The Shocking Buying Power of $2 Million on the World’s Most Exclusive Island Destinations

What $2 Million Gets You on Each Island — and Where It Doesn’t Go Far

Quick Facts

• $2 million can buy a luxurious 4-bedroom villa in Bali, but only a small studio apartment in Hong Kong.
• On the island of Maui, $2 million can purchase a spacious 5-bedroom beachfront property, while in Manhattan, it might only get a 1-bedroom apartment.
• In the Cayman Islands, $2 million can buy a lavish 6-bedroom mansion with private beach access, but in Singapore, it’s only enough for a 2-bedroom condominium.
• The island of Kauai offers a 5-acre estate with a 4-bedroom house and private pool for $2 million, while in Tokyo, it’s hardly enough for a small 1-bedroom apartment.
• $2 million can buy a large plot of land with a 3-bedroom house on the island of Tasmania, but in Sydney, it might only get a 2-bedroom apartment in a decent neighborhood.
• On the island of Barbados, $2 million can purchase a stunning 5-bedroom beachfront villa, while in London, it’s only enough for a small 1-bedroom flat.
• In the island nation of Seychelles, $2 million can buy a luxurious 4-bedroom resort-style property, but in Zurich, it’s hardly enough for a small studio apartment.
• The island of Bermuda offers a 4-bedroom beachfront property for $2 million, while in Vancouver, it might only get a 2-bedroom condominium in a desirable neighborhood.
• $2 million can buy a large 5-bedroom estate with private pool and garden on the island of Corsica, but in Moscow, it’s only enough for a small 1-bedroom apartment in a central location.
• On the island of Hawaii, $2 million can purchase a spacious 4-bedroom house with private pool and ocean views, while in Beijing, it’s hardly enough for a small 1-bedroom apartment in a decent area.

Table of Contents

• Oahu: The Bustling Metropolis
• Maui: The Island of Luxury
• Kauai: The Garden Isle
• Big Island: The Adventure Capital
• Frequently Asked Questions:
• Resources & Links
• For Buyers & Sellers

The Hawaii Millionaire’s Dilemma: What $2 Million Gets You on Each Island – and Where It Doesn’t Go Far

When it comes to buying a luxury home in Hawaii, the numbers add up quickly. But have you ever wondered what $2 million gets you on each island, and where it doesn’t go as far as you’d think? As a leading real estate company in Hawaii, Hawaii Elite Real Estate is here to break down the costs and provide you with a comprehensive guide to the islands.

Oahu: The Bustling Metropolis

Oahu, home to the state capital Honolulu and the world-famous Waikiki Beach, is a sought-after destination for luxury buyers. But what does $2 million get you on the island of Oahu?

In high-demand areas like Waikiki and Nuuanu, $2 million will get you a decent-sized luxury condo or a single-family home with a fraction of the land. However, in more rural areas like Kailua and Kaneohe, the same budget can snag you a spacious land parcel with breathtaking ocean views.

As an example, a 3-bedroom, 2-bathroom luxury condo in Waikiki, such as those found at the The Modern Honolulu, might cost around $2 million, offering modern amenities and stunning city views. On the other hand, a 5-acre land parcel in Kailua, offering unobstructed ocean views and a private access road, could be yours for around $1.2 million.

Maui: The Island of Luxury

Maui, known for its picturesque beaches and world-class golf courses, is a luxury paradise. But what does $2 million get you on the island of Maui?

On Maui, $2 million can buy you a luxurious home in a gated community like Montage Kapalua Bay, complete with gourmet kitchen, private outdoor spaces, and breathtaking ocean views. Alternatively, a 4-bedroom single-family home in Kihei or Wailea might cost around $1.5 million, featuring stunning ocean views and a private golf course membership.

Kauai: The Garden Isle

Kauai, also known as the “Garden Isle,” is a nature lover’s paradise. With lush green landscapes and picture-perfect beaches, Kauai is an ideal destination for those seeking a tranquil and luxurious lifestyle. But what does $2 million get you on the island of Kauai?

In areas like Poipu and Koloa, $2 million can buy you a luxurious beachfront home with private access to the ocean, such as those found at The St. Regis Princeville Resort. In contrast, a 3-bedroom single-family home in Kapaa or Lihue might cost around $1 million, featuring stunning ocean views and a private lanai.

Big Island: The Adventure Capital

The Big Island, boasting an incredible mix of beaches, waterfalls, and volcanic landscapes, is a thrill-seeker’s paradise. From luxury homes to remote land parcels, the island offers endless possibilities. But what does $2 million get you on the Big Island?

In areas like Kailua-Kona and Waikoloa, $2 million can buy you a luxury home in a gated community like Mauna Lani Resort, complete with private golf course, gourmet kitchen, and stunning ocean views. Alternatively, a 4-bedroom single-family home in Hilo or Mountain View might cost around $900,000, featuring stunning ocean views and a private access to a secluded beach.

Frequently Asked Questions:

• Q: What is the purpose of this article? A: The purpose of this article is to provide an overview of what 2 million dollars can buy on different islands around the world and where it may not go as far as expected.
• Q: What kind of properties can 2 million dollars buy on the island of Maui? A: On the island of Maui, 2 million dollars can buy a luxury estate with ocean views, multiple bedrooms, and high-end amenities such as a private pool and outdoor kitchen.
• Q: How does the real estate market on the island of Kauai compare to Maui? A: The real estate market on the island of Kauai is more laid back and less expensive than on Maui, with 2 million dollars able to buy a larger property with more land and amenities.
• Q: What is the real estate market like on the island of Oahu? A: The real estate market on the island of Oahu is highly competitive and expensive, with 2 million dollars only able to buy a smaller property in a desirable neighborhood.
• Q: Where does 2 million dollars not go as far as expected? A: 2 million dollars does not go as far as expected on the island of Bermuda, where the cost of living is high and properties are expensive.
• Q: Can 2 million dollars buy a luxurious property on the island of Barbados? A: Yes, 2 million dollars can buy a luxurious property on the island of Barbados, with amenities such as a private beach and ocean views.
• Q: How does the cost of living on the island of Grand Cayman compare to other islands? A: The cost of living on the island of Grand Cayman is high, with 2 million dollars not going as far as expected due to the high cost of food and other living expenses.
• Q: What type of property can 2 million dollars buy on the island of St Lucia? A: On the island of St Lucia, 2 million dollars can buy a luxurious villa with ocean views and amenities such as a private pool and outdoor kitchen.
• Q: Is 2 million dollars enough to buy a property on the island of Bora Bora? A: No, 2 million dollars is not enough to buy a property on the island of Bora Bora, where the cost of living is high and properties are very expensive.
• Q: What are some factors to consider when buying a property on an island? A: Some factors to consider when buying a property on an island include the cost of living, the real estate market, and the overall lifestyle and culture of the island.

Resources & Links

• Best Islands in the USA | US News
• Best Private Islands For Sale
• The Best Vacation Islands in the United States
• Best Private Islands for Sale | Condé Nast Traveler
• The 10 Most Expensive Vacation Islands

For Buyers & Sellers

As a knowledgeable assistant, I’ll provide a personal summary of how the topic “What $2 Million Gets You on Each Island — and Where It Doesn’t Go Far” impacts home buyers and sellers:

For Home Buyers:

The article’s revelation that $2 million can buy vastly different properties on each Hawaiian island is a stark reminder of the importance of research and flexibility when searching for a dream home. On one hand, buyers may be thrilled to learn that their budget can secure a luxurious property on certain islands, such as Oahu or Kauai. On the other hand, they may be disappointed to discover that their budget falls short on other islands, like Maui or Lanai, where prices are exponentially higher.

Furthermore, this disparity highlights the need for buyers to carefully consider their priorities and lifestyle needs. Are they willing to compromise on location, size, or amenities to stay within budget? Or are they prepared to stretch their finances to secure a property in their ideal location?

For Home Sellers:

The article’s analysis of $2 million’s varying purchasing power also has significant implications for home sellers. By understanding the market dynamics on each island, sellers can strategically price their properties to appeal to the right buyers. For instance, a seller on Oahu may need to be more competitive with their pricing to attract buyers who can get more bang for their buck on other islands.

Conversely, sellers on islands with higher price points, like Maui or Lanai, may capitalize on the demand for luxury properties and price their listings accordingly. However, they must also be aware of the potential limitations of their market and be prepared to negotiate or offer incentives to attract buyers.

Key Takeaways:

Ultimately, this topic serves as a crucial reminder for both home buyers and sellers to approach the Hawaiian real estate market with a nuanced understanding of each island’s unique characteristics and demand. By doing so, they can make informed decisions that align with their goals and budget. As a home buyer or seller, it’s essential to:

• Research the local market extensively
• Prioritize your needs and wants
• Be flexible with your expectations
• Work with a knowledgeable and experienced real estate agent who understands the intricacies of each island’s market