Real Estate

Kailua House Flip Sold for $730K

A couple of investors picked up a run-down property in Kailua for $491,000, spent three months completing a top-to-bottom rehab and, last week, sold the property for $730,000.

Making the Most of Open Houses

It helps to think of open houses as learning experiences, not shopping expeditions, where you’ll zero in on the type of house you want and which neighborhood you want to live in. Here, some additional guidelines for making the most of an open house.

Mililani Real Estate Moving Fast

Homes in Mililani are selling at a steady pace. Case in point: This REO property sold in just 10 days.

Home Staging for a Quick Sale

A lot of factors—home values, location, inventory, etc.—contribute to whether or not a home sells. But staging a house prior to putting it on the market can lead to faster closing times and more money.

At Home on Diamond Head

This Hart Wood-designed residence is located on an exclusive street of multi-million-dollar homes tucked away on the lower makai slopes of Diamond Head, with views of the Pacific Ocean and, if you look up, tourists snapping pictures from the top of the trail. The current owner, who resides on the Mainland and has recently had the home rented out, also owns the neighboring property, a low-slung Ossipoff design that I wrote about a few weeks ago.

What $300K Gets You in Mililani

Mililani is a popular market, thanks to the town's built-in amenities and highly rated public schools. And with the median sales price of condominiums hovering around $285,000, Mililani is an affordable option for house hunters.

Bargain Hunting: Kapolei Short Sale

Short sales can be challenging buys, but bargains can be had if you’re up to the task. This Kapolei Knolls short sale has been on the market for a week and was reduced by $20,000. Similarly sized homes in the community are listed for $654,000 to $739,000, so this house is priced to move.

Number Crunching: Oahu’s November Real Estate Stats

November is traditionally a pretty quiet month for home resales, so last month’s unimpressive numbers come as little surprise. Overall, the numbers for single-family home resales stayed the course while condo sales fell flat.

The Deal: REOs

According to RealtyTrac, an online marketplace for foreclosure listings, as of October this year, Hawaii had nearly 3,600 REO (real estate owned), or foreclosed, properties. “Any time you hear the word REO, a lender has foreclosed on the property and is putting it on the market for sale,” says Century 21 All Islands realtor and REO specialist Mathew Ngo, who says that the greatest concentration of foreclosures on Oahu is on the island’s leeward side.

A Presidential Kailua Estate

The famous-person-stayed-here sales strategy is always tricky because, as any high-school teen could tell you, popularity is a fickle thing. For instance, I highly doubt that “house once rented by actor Charlie Sheen” would be a strong selling point. Whether “President Obama vacationed here” is an enticing enough tagline depends, these days, on where you fall in the red-and-blue divide.

This Week’s Open House Pick: The Pinnacle Honolulu

Several luxury condominiums in The Pinnacle Honolulu will be open this weekend, a boon for anyone thinking of buying in the luxe building. The Pinnacle, which was built in 2008, is an in-demand address largely because of its downtown location and unique design. There are 36 floors with no more than two private residences per floor for a maximum of 50 residences. With the exception of the expansive two, two-story penthouses, units range between 1,545 square feet for a half floor to just over 3,000 square feet for an entire floor. Another unique feature is the biometrically keyed elevators that open directly into private foyers in each half-floor residence.

Stepping Back in Time at Honolulu’s Liljestrand House

This column has afforded me an all-access pass to some of Oahu’s most rarefied homes, a privilege I thoroughly enjoy and am happy to share with you. And while I’m glad to pass on the backstories of homes across the island, I’m even more pleased when you, the readers, have the chance to see it for yourselves. Which is why all of you with even the slightest interest in local architecture need to reserve a private tour of the Liljestrand House, which is considered to be one of Vladimir Ossipoff’s finest residential designs.

Subscribe to Honolulu