About Waialae Nui Waialae Nui is an established neighborhood of homes originally developed in the late 1950’s, located just north of Kahala on the mauka (mountain) side of Waialae Ave. Waialae Nui is bordered by Wilhelmina Rise to the west and Waialae Iki to the east. Waialae Nui homes for sale are typically valued in the $800K to $2.5M range and most homes are built on lots ranging between 5,000 to 13,000 sq ft. Waialae Nui real estate has over the years become increasingly popular, due to the dramatic views many homes offer as well as the close proximity to shopping, beaches and more.
Insight to Waialae Nui Homes & Neighborhood Waialae Nui consists of 3 sections, each with their own distinct ambience and character:
Waialae Nui Ridge includes all of Halekoa Dr from the 1430 block on, together with all adjacent side streets going to the top of the hill. Waialae Nui Ridge homes for sale are often valued in the $800K to $2.5M range with most lot sizes between 6,000 to 13,000 sq ft. Halekoa Dr climbs in tight switchbacks and quickly gains elevation up the relatively narrow ridge, with many rim lot properties offering some of the most amazing views along both sides of the road.
From the 1600 block of Halekoa Dr on, utility lines are hidden underground for a more appealing street appearance. Also, the lower section of the ridge enjoys the benefit of a natural gas line, just about up to the the home that Waialae Nui’s original developer had built for himself.
The summit on Aha Aina Pl at 1,350 ft is the highest elevation for any residential real estate in Honolulu, and is home to what could be considered the ultimate spectacular mountain top luxury estate. Hidden behind a private gate and surrounded by endless acres of serene preservation land, this one-of-a- kind mountaintop retreat includes almost 4 acres of land with mesmerizing 360 degree views of Honolulu, Diamond Head and ocean beyond. Close to the summit, yet another private gate at the end of Aha Maka Way, shelters a handful of newer large custom luxury estates valued in the $3M plus range, developed on 14,000 to 18,000 sq ft lots, offering dramatic views of Honolulu below. Temperatures at these high elevations tend to average 7 - 8 degrees cooler, compared to the bottom of the hill.
Waialae Nui Valley includes two main roads north of Waialae Ave, Kilauea Ave from the 4800 block on, and Hunakai St from the 1300 block on, as well as all adjacent side streets leading to the back of the valley. Waialae Nui Valley homes are valued in the $800K to $1.2M range with most lot sizes between 7,500 to 10,000 sq ft. Waialae Nui Valley real estate also includes a 2-tower high rise condo, Kahala Towers, as well as 3 townhouse projects, Tropic Gardens, Tropicana Village-Makai and Waialae Gardens, which also includes a 6-story condo tower. Each Waialae Nui townhouse and condo project enjoys their own swimming pool.
Lower Waialae Nui includes all of Ainakoa Ave, Malia St and all adjacent side streets, including the bottom section of Halekoa Dr up to Luinakoa St. Homes in Lower Waialae Nui are valued in the $600K to $900K range on modest lot sizes from 5,000 to 10,000 sq ft.
Along the westerly base of Waialae Nui Ridge is the home of 2 quality gated townhouse communities: Kahala Pacifica, at the top of Hoakoa Pl, and Kahala View Estates, at the top of Hiikala Pl. Both offer nice views, privacy and community pools. Interestingly, both projects are sometimes referred to as belonging to Kalani Iki, which is geographically the next small valley over, just east of Waialae Nui Valley. Kalani Iki is home to Kalani High School and Kalani Iki Estates, a lush green townhouse project hidden in the back of the valley.
Waialae Nui has a lot to offer for the outdoor and swimming enthusiasts. On 2200 Halekoa Dr - about three-fourths up the ridge - is the Waialae Nui Recreation Center, featuring 2 swimming pools, playground and a large grassy field with fabulous views. Aina Koa Park and Wilson Playground, both 2 beautiful green parks serve the neighborhood’s recreational needs at the base of the hill.
Though each area within Waialae Nui has their own distinct characteristics, they all share one thing in common: residents value the closeness to Kahala Mall, Kahala Beach and easy convenient access to the freeway.
The price range of houses for sale in Waialae Nui is $895K to $1.69M with a median price of $1.29M, median interior of 1,984sf and median land size of 10,797sf.
The median price of houses sold in Waialae Nui year-to-date (Jan - Sep 24, 2017) is $1.2M. In previous years it was $1.45M (2016), $1.17M (2015), $921K (2014), $1.05M (2013), $853K (2012), $875K (2011), $927K (2010), $820K (2009), $923K (2008), $925K (2007), $891K (2006), $862K (2005), $779K (2004), $605K (2003).
21 houses have sold in Waialae Nui year-to-date (Jan - Sep 24, 2017). In previous years, the total number of houses sold were 22 (2016), 21 (2015), 22 (2014), 25 (2013), 34 (2012), 23 (2011), 24 (2010), 18 (2009), 27 (2008), 36 (2007), 30 (2006), 28 (2005), 23 (2004), 32 (2003).
On average Waialae Nui houses were on the market for 45 days before they were sold (Jan - Sep 24, 2017). In previous years it was 81 days (2016), 89 days (2015), 79 days (2014), 51 days (2013), 41 days (2012), 39 days (2011), 28 days (2010), 94 days (2009), 49 days (2008), 56 days (2007), 76 days (2006), 35 days (2005), 37 days (2004), 80 days (2003).
The average days on market for Waialae Nui houses before sold were 51 days August 2017 compared to 72 days August 2016.
The ratio of Waialae Nui houses sales price vs list price were 94.5% August 2017 compared to 101.5% August 2016.
2 Waialae Nui houses were sold August 2017 compared to 3 houses sold August 2016.
The total dollar volume of houses currently for sale in Waialae Nui is $13.64M and the sold dollar volume year-to-date (Jan - Sep 24, 2017) is $26.53M. In previous years sold dollar volume was $30.64M (2016), $26.89M (2015), $22.63M (2014), $26.69M (2013), $34.39M (2012), $20.78M (2011), $22.43M (2010), $16.95M (2009), $27.22M (2008), $31.93M (2007), $28.24M (2006), $26.04M (2005), $17.41M (2004), $20.08M (2003).
The most recent sale in Waialae Nui was a house located at 2136 Alaeloa Place, sold for $1.69M on Sep 20, 2017. It had 2620sf of interior. 9 other recent sales include: 1414 Hoakoa Place (2,646sf) sold for $1.15M on 8/28/2017. 1392 Hoakoa Place (2,646sf) sold for $1.35M on 8/10/2017. 1597 Kalaniuka Place (1,801sf) sold for $949K on 7/26/2017. 2081 Alaeloa Street (3,517sf) sold for $1.68M on 7/11/2017. 1431 Halekoa Drive (1,298sf) sold for $1.07M on 7/7/2017. 1732 Halekoa Drive (1,664sf) sold for $1.15M on 7/7/2017. 1718 Uhi Place (1,874sf) sold for $1.65M on 7/7/2017. 1509 Halekoa Drive (4,014sf) sold for $1.69M on 6/28/2017. 1492 Halekoa Drive (2,271sf) sold for $1.3M on 6/28/2017.
7 of the houses have ocean views, 8 have Diamond Head views and 8 have mountain views.
Waialae Nui History Like most Honolulu neighborhoods built on the high ground, there were few residences on Waialae Nui Ridge until the 1900's. The pre-automobile inaccessibility kept these heights almost completely uninhabited.
The land at the foot of the hills was used mostly for agriculture during this time. Taro, sweet potatoes, sugar cane and even tobacco were all grown there at one time or another.
The explosion of development in nearby districts during the 1950s filled in much of the lands between the hills and the ocean. The next step was to start building upward. Although some construction began in the mid-1950’s, it was the following decade that saw a huge acceleration in Waialae Nui Ridge real estate lining the rise. Most of this neighborhood was built during this time, predominantly by prolific developer Herbert K. Horita.
Horita took the wise step of having acclaimed architect Vladimir Ossipoff design some of the models. Horita then used these floor plans for many of other houses. This lineage created demand for these Waialae Nui Ridge homes that has only increased as time has passed. Many of the houses are held up as masterpieces of mid-century design.
Since then a few more streets and homes have been added further up the ridge on the eastern side. These larger, later houses may lack pedigree, but make up for it in modern luxury and even greater views from their seat at the very top. The only way to get a better view would be to take a long, hot hike even higher up the mountain. Why do that when you can enjoy it from the comfort of a beautiful home?
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