It’s no surprise that Hawaii is an expensive place to live in the $500,000 mark is on the low end of affordable housing in this area. Many homes are well over $1 million but the $500,000 range is not unheard of. Depending on what you’re looking for, how much work you are willing to put in or the size of the property will all determine that $500,000 range. Currently, as of the publishing of this post there are 146 properties for sale in the entire island price from $500,000-$550,000.
The lowest priced home in this range is $510,000 for a 1600 ft.², three bedroom and three bath townhouse or condo in Kaneohe located at Windward Estates. However, choosing a condominium or townhomes means you will have additional fees in homeowners dues, but you will have the added benefit of potential amenities such as in this case, residents enjoy a hot tub, swimming pool, tennis courts and beautiful green space with pond. These homes are located at the foothills of the mountains with beautiful views of the surrounding area.
At the top end of this price range at $550,000 are quite a few properties. There are easily 20 to 25 properties listed at $550,000 and will vary depending on the size and the condition. Many of these homes are three, four, and even five-bedroom homes, but understand that a five bedroom home in this price range will probably need a little bit of work.
Located up along the Kamehameha Hwy in smaller towns such as Hauula, $550,000 may actually buy you an oceanfront home, but lot size and room size could be limited.
If you’re looking for a condo or high rise apartment, they are available in Honolulu and Waikiki for around $535,000. These homes are going to be less than 1000 ft.² on average and usually feature two bedrooms and two bathrooms.
Whether you are looking for a single-family house, oceanfront property or a condominium on the beach, $500,000 is actually quite doable on Oahu. Call me to view any of these homes between the $500,000 and $550,000 range.