Ever Wonder What $1 Million Will Get You On Hawaii's Kona Coast?

This past weekend I ventured out to preview a home for a client on the North Kona coast in between Puu Lani Ranch and Kailua Kona. Just before you get into Kona there are some fantastic opportunities off the north upper road referred to correctly as Mamalahoa Highway. Gated communities, sweeping 180 degree oceanic views, and best of all land. Finding homes in other parts of the country right now with ocean views for under $1 million is not a major challenge. Even on Oahu there are still great prices on homes with blue water in the distance. However, finding new construction on 1 acre is not going to happen in highly sought after areas such as the Kohala Coast or the Kona Coast of Big Island.

This particular property located at 73-1175 Akamai St. Kailua Kona was sure to please even myself, a luxury real estate broker in Hawaii who sees an abundance of pure Hawaii's finest real estate homes and estates. Hualalai Vistas is a new neighborhood so fresh that they are still currently working on the compiling the HOA board of directors and rules. These in my opinion are some of the best homes you can ever buy. Becoming close friends within a small community of neighbors is a really great way to start a new and luxurious ocean view life. This new developed home is priced at $1,065,000 and is now already under contract with a buyer. No surprise. The inventory right now is still very low considering that the market has cycled fairly well.

Other areas with these types of prices and views that buyers moving and relocating to Hawaii might want to explore Makalei Estates, Keauhou Estates, and in the rare occasion but prices have climbed at Bayview Estates. Puu Lani Ranch has gated community homes on one acre but the challenge in that beautiful location is to find a home with an ocean view. There is one stunning listing there right now on the rim edge of the community but it is priced at over $1.8 million. Some buyers love golf course homes, others love mountain views, but for the most part we can all agree that one of the finest attention grabbers to living on the big island of Hawaii is to having that much sought after ocean view.

The cost to build new homes in Hawaii can easily and quickly climb to well over $400/sq.ft. Within the resorts it can even go over $1,000/sq.ft. Contacting a luxury Kona Contractor - Lipps & Son would be just one way to get a better understanding of what it takes to build an award winning dream home.

Two other remarkable areas and communities that buyers have come to love are Iolani and Kona Vistas.

Top 10 things to do in North Kona Adventures - Trip Advisor.

Contributed by Paul Adams, Broker in Charge - Luxury Big Island