There are a lot less homes in Kawela Bay than there used to be. Back in 1986 a resort was planned to be put here. To make room all the residents along the eastern half of the Bay were evicted, clearing the land completely.
It’s no mystery why they wanted to build here. The landscape and the ocean views are both incredible, a throwback to the Old Hawaii’s unsullied scenery.
Decades later this prime real estate remains open, a result of downturns and different plans along the way that went wrong. Fortunately, the lots on the western half escaped the condemnation, holding matchless homes today. Sometimes they even come up for sale.
KAWELA BAY – SELECT HOMES ON SUPERIOR LOTS The most notable houses are within a gated community that lies right along the western side of Kawela Bay. Only about 20 residences are contained within it, but that's not the only factor that makes them exclusive.
The ocean scenery they enjoy is breathtaking. Although not every home is directly on the water, many of the set back properties still have ocean views due to the open sight lines. It's not just any part of the real estate on North Shore, either. This bay is notable due to its protective reef that keeps the big waves back, making the waters calmer than other places along the coastline.
These are also large homes, most built during the first decade of the 2000’s, with almost 3,000 sq ft on up spreading out on their floor plans. Some could be called small estates with 11,000 to over 21,000 sq ft lots and even two residences on the property in some cases. This is where the well-off come to get away from it all.
The rest of the neighborhood, outside the gated community, run to smaller residences that lie on the coastline off Kamehameha Hwy. They sit to the west of the bay, but still fall under this neighborhood. These are older houses, with dates all over the span from the 1940's to the 70's primarily.
They're also smaller, often under 1,000 sq ft with 2BRs being the most common layout. With 5,000 to 7,000 size lots, their placement right on the Pacific makes them high-priced and highly-prized properties.
PRIZE PROPERTIES FOR EVEN THE NORTH SHORE Entry to this small neighborhood comes with a certain price tag, and for good reason. North Shore oceanfront lots, often luxurious interiors and dimensions, plus a level of serenity few ever get to experience – and that includes fellow residents of this same fabled coastline. Kewala Bay homes have it all and more.
The price range of houses for sale in Kawela Bay is $1.95M to $2.39M with a median price of $2.17M, median interior of 2,055sf and median land size of 14,984sf.
The median price of houses sold in Kawela Bay year-to-date (Jan - Sep 24, 2017) is $3.8M. In previous years it was $2.2M (2016), $870K (2012), $2.75M (2011), $2M (2008), $1.57M (2007), $4.52M (2006), $3.53M (2005), $1.61M (2004), $1.35M (2003).
1 house has sold in Kawela Bay year-to-date (Jan - Sep 24, 2017). In previous years, the total number of houses sold were 2 (2016), 1 (2012), 1 (2011), 1 (2008), 2 (2007), 2 (2006), 1 (2005), 4 (2004), 2 (2003).
On average Kawela Bay houses were on the market for 3 days before they were sold (Jan - Sep 24, 2017). In previous years it was 188 days (2016), 125 days (2012), 1 days (2011), 104 days (2008), 331 days (2007), 153 days (2006), 7 days (2005), 56 days (2004), 140 days (2003).
The average days on market for Kawela Bay houses before sold were 3 days August 2017.
The ratio of Kawela Bay houses sales price vs list price were 98.7% August 2017
1 Kawela Bay house was sold August 2017
The total dollar volume of houses currently for sale in Kawela Bay is $4.34M and the sold dollar volume year-to-date (Jan - Sep 24, 2017) is $3.8M. In previous years sold dollar volume was $4.4M (2016), $870K (2012), $2.75M (2011), $2M (2008), $3.14M (2007), $9.05M (2006), $3.53M (2005), $6.98M (2004), $2.7M (2003).
The most recent sale in Kawela Bay was a house located at 57-319 Pahipahialua Street, sold for $3.8M on Aug 21, 2017. It had 1763sf of interior. 9 other recent sales include: 57-329 Pahipahialua Street (656sf) sold for $2M on 5/13/2016. 57-319 Punaulua Place (2,612sf) sold for $2.4M on 4/6/2016. 57513 Kamehameha Highway (1,104sf) sold for $870K on 3/16/2012. 57445 Honokawela Drive (2,052sf) sold for $2.75M on 3/31/2011. 57423 Honokawela Drive (1,205sf) sold for $2M on 1/4/2008. 57-347 Pahipahialua Street (1,150sf) sold for $1.49M on 5/21/2007. 57-513 Kamehameha Highway (1,104sf) sold for $1.65M on 3/23/2007. 57-475 Kamehameha Highway (1,820sf) sold for $5.55M on 5/16/2006. 57330 Punaulua Place (3,439sf) sold for $3.5M on 2/28/2006.
2 of the houses have ocean views and 2 have mountain views.