Welcome to the latest iteration of the Engel & Völkers Local Profile series, where we highlight one of our shops, their listings, and their local community—sharing the best-of-the-best around town.
This week we take you to Oahu, the largest and most populated of the Hawaiian Islands. Known as the “Gathering Place,” it offers a lifestyle unlike anywhere else in the United States. The island’s 21 regions are home to best-in-class beaches, shopping, restaurants, and a never-ending list of activities for travelers and residents alike.
While each region has a unique role within the island’s larger real estate market, they’ve recently experienced similar market conditions. According to the Hawaii Business Magazine, all 21 regions saw higher median prices for stand-alone homes year-over-year.
And while many may be taking a deep breath after last year’s fast-paced market, the mystique and intrigue of Hawaii’s lifestyle sustain the interest of buyers and investors whose eyes are set on the horizon.
Which brings us to the North Shore of Hawaii; known as the region with the highest median price increase of 24%, reaching $1,200,000 USD in 2022.
The listing
Perched atop Pupukea on the fabled North Shore of Oahu on an unparalleled five acres you’ll find Sullivan Estate and sweeping views of the Pacific Ocean and the Seven-Mile Miracle unlike anywhere else in Hawaii.
With multiple dwellings, six bedrooms, and five-and-a-half bathrooms, Sullivan Estate could serve as an otherworldly residence, or boundless investment opportunity, as a corporate or wellness retreat.
Listed at $37,800,000 USD by Marco Schlesser of Engel & Völkers Honolulu Kahala.
Tips from your local expert
Marco Schlesser may have been born in Luxembourg, Europe, but he ultimately chose to move his permanent residence to Hawaii. He points out how, unlike other world-famous markets, Hawaii isn’t about glitz and glamour, but instead a relaxed, private lifestyle cultivated by local communities.
My favorite part of living on Oahu is that Hawaii’s location has made it a gathering point for Asian, American, and Polynesian communities, all of which shaped life in the islands by adding a diverse blend of cultures and ethnicities.
Marco Schlesser of Engel & Völkers Honolulu Kahala
For those attracted to community-centric life, Marco also has experienced firsthand Hawaii’s Aloha Spirit Law. Though the phrase is known by many, what may not be is that ‘Aloha’ embodies mutual regard and affection and extends warmth in caring with no obligation in return. A true foundation for relationships in which each person is important to every other person for collective existence.
In fact, it is so important to their lifestyle that Aloha Spirit Law was adopted by the state’s legislature in 1986.
More places to check out:
Somewhere to stay
Not looking to buy? How does staying at one of the first and finest hotels in Hawaii sound?
For more than a century, Halekulani Hotel has offered guests top-tier service, award-winning cuisine, and unique amenities.
Taste the local flavor
Since opening its doors in 2012, 53 By The Sea’s chic and calming atmosphere celebrates the senses with Japanese and Hawaiian-inspired food and drinks and breathtaking views. The eatery’s architectural feats, including a grand staircase, promise to leave a lasting impression on any visitor.
For the truest local experience, enjoy the famous Leonard’s Bakery, known in particular for its Original Malasada™ and Portuguese Sweet Bread, Pao Doce.
Things to do and see
The Byodo-In Temple, located at the foot of the Ko’olau Mountains, gifts its visitors with some of the most breathtaking views on the island.
Not for the faint of heart, Oahu’s longest zipline awaits those in search of panoramic views of the island’s mountains and coastline.
To learn more about living on The North Shore of Oahu, Hawaii, we invite you to connect with our local experts at Engel & Völkers Honolulu who are prepared to help you, every step of the way.
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