November 17th, 2010 by
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The gorgeous beaches of Hawaii. (Photo Credit: Ryan Kawailani Ozawa)
Guest Bloggers: Aloha Living
Try as you might, but you can’t drive from Waikiki to check out the volcanic eruption at Kilauea. Hollywood is partially to blame for the widespread impression that all the many wonders of Hawaii can be found on a single island. In fact, there are actually eight major islands (and countless smaller islands and atolls) that make up the Hawaiian Islands.
Each island is very different. Whether you’re trying to decide where to visit on your next island vacation, or looking to buy your first Hawaii property or picking a place to buy a home in Hawaii, here’s a quick guide to islands of Hawaii.
Oahu
The most populated Hawaiian Island is probably the one most people are familiar with, home to the bustling tourist mecca of Waikiki, the historic World War II sites of Pearl Harbor, the world famous surf on the North Shore, and much more. There are over 870,000 people living on Oahu, most living and working in the capital city of Honolulu along the south shore of the island.
For the first-time visitor or home buyer, Oahu is usually your safest bet. On the tourist side, the island offers everything from unspoiled natural beauty to a modest nightlife, from high-end stores to a huge variety of one-of-a-kind boutique shops. You can also strike out on your own, or take advantage of countless organized activities and managed attractions.
When it comes to real estate, Oahu has $80,000 condos, $80 million estates, and truly everything in between. Whether you want to live in a high rise, on the beach, on a mountain ridge or deep in a valley, there’s plenty to choose from. Honolulu real estate offers the widest selection and largest inventory of any island. (As a result, it also has the most Hawaii foreclosures.)
Oahu has the most developed infrastructure, with solid public transportation, fairly ubiquitous Internet connectivity, low unemployment and a wide range of industries (though tourism and the military still dominate). Everything in Hawaii is expensive, but often less expensive in Honolulu, as most things shipped to the state comes through its airport and ports.
You get all the comforts of any American city, but of course, that means Honolulu is also the most crowded, has the worst traffic, and – by sheer math – has the most crime. But don’t panic. In 2010, Forbes magazine still named Honolulu the country’s third safest city.
The Big Island
The largest and youngest Hawaiian Island is the island of Hawaii. Of course, that’s also the name of the state, so most people refer to it as The Big Island. It’s the second most populous island, but that population is spread out over a much larger area. How big is it? All of the other Hawaiian Islands could fit on top of it, with a little room to spare. That’s a lot of Hawaii real estate!
Thanks to all that space, the Big Island offers the widest variety of climates and topographies. There are vast barren deserts, lush tropical rainforests, white sand beaches and snow-capped mountains. (Yes, snow in Hawaii.) Many locals roughly divide the Big Island into East Hawaii and West Hawaii, though of course there’s endless variety in between.
East Hawaii is the green, rainy, slower-paced side of the island. Hilo is the main city, situated on Hilo Bay, and it’s the second largest city in Hawaii. Even so, it feels like a small town. This side of the island is home to Hawaii Volcanoes National Park, perhaps the main attraction on the island. As far as real estate, it offers everything from affordable but empty and remote lots to multi-million dollar ocean-view estates.
West Hawaii is the sunny, dry, resort side of the island. It’s got the blue skies you expect from Hawaii postcards, and is home to several high-end resorts and resort communities. Kailua-Kona is a bustling commercial and tourist town, and further up the coast, huge developments offer a wide range of condos – popular as vacation or investment properties.
Maui
Once considered a runner-up to Oahu, Maui and its many amenities has – in many ways – surpassed the capital city in both appeal and value to both tourists and real estate investors alike. It’s the second largest of the Hawaiian Islands, and has the third largest population.
In terms of visitor attractions, Maui may very well be growing the next Waikiki. There are several resort areas, from Kihei, Wailea and Makena to the south, to Lahaina, Kaanapali and Kapalua to the west. All offer the great escape at moderate to high prices, with gorgeous beaches, and great scenery. The whole island has a lot to offer ocean lovers, shoppers, and sightseers. The infamous road to Hana and the summit of Haleakala are unique ways to get away from it all.
For those that want to call Maui home, the island’s real estate market is strong, with median prices below but easily comparable to those on Oahu. Maui sees as much activity in condos as it does in single family homes, with continuing high-end resort development bumping up property values in many neighborhoods. There is an abundance of vacation rental properties on Maui, even though they are heavily regulated.
Maui also has among the highest numbers of Realtors per capita of any island, let alone any region in the country. With as many as three percent of Maui residents carrying real estate licenses, you’ll either have a lot of options, or a lot of competition.
Kauai
Kauai is the oldest and among the smallest of the main Hawaiian Islands. Essentially a round dot on a map, the island is about 70 miles around, with one main highway wrapping most of the way around (though the Na Pali coast on the northwestern rim of the island is undeveloped).
Home to one of the wettest spots on earth, its lush green landscape is cut with deep valleys and tall waterfalls. Kauai also has some of the longest and widest stretches of white sand beaches in the state. Some of the most dramatic mountain vistas can be found on Kauai, towering over the many small and diverse towns scattered along its rim.
A popular destination for people looking to get away from the typical tourist traps, Kauai is more rural but nonetheless has an economy that relies largely on tourism. Indeed, Kauai has the most pronounced love-hate relationship with development. On one hand, many people are flocking to nab their piece of paradise, mostly in gleaming resort condos along the north ends of the island. On the other, strict regulations and occasional protests often stop construction and commerce in its tracks.
Island real estate on Kauai is always in flux, because there’s so little of it. The most active properties are condos, ranging from modest apartments to luxury oceanfront resorts. Nonetheless there is a healthy range of single-family homes, as well as more than a few multimillion dollar estates.
Molokai
There isn’t a single stoplight on Molokai, and what few businesses there are often close up shop before sunset. With a population of about 7,000 people, it’s just about the most rural main island you can easily visit, and it is often described as the most Hawaiian island as well.
Much of the island is inaccessible, or accessible only by boat, small plane, or donkey. But the island’s largely untouched natural beauty is second to none. As on Kauai, the few permanent residents on Molokai have long resisted large-scale developments, turning away planned resorts and offering instead small hotels, and condo and vacation home rentals.
There isn’t much to do on Molokai, but that’s the point. You can admire the striking sea cliffs and tall waterfalls, or make a pilgrimage to the historic town of Kalaupapa (where Saint Damien tended to the sick). You can go hiking, biking, swimming or sunbathing. But generally the less you do, the happier you’ll probably be.
In terms of real estate, the market is very small, and fairly slow moving. There are usually fewer than 200 active listings at any given time, most clustered at the remote and dry west end of Molokai or along the central south shore. Considering the deliberately slow pace of growth, you probably wouldn’t buy a Molokai property as an investment. And you really shouldn’t consider living there without spending a lot of quality time experiencing the place.
Lanai
Like Molokai, Lanai also boasts of its lack of traffic lights. Its population hovers below 3,000. But Lanai is also the home to two incredibly luxurious world-class resorts.
The island has been privately owned for much of modern history, much of it serving as the world’s largest pineapple plantation for much of the 20th century under James Dole (of the Dole Food Company), and now as a world-class getaway under billionaire David Murdock.
Apart from condos within the resort complexes, most of the properties available for sale on Lanai are single family homes, many in Lanai City. Prices range from a quarter of a million dollars for a modest cottage to nearly three million dollars for a custom oceanview home. There are also luxury homes clustered around the resorts in Koele and Manele.
Niihau
The smallest of the inhabited Hawaiian Islands, Niihau has been wholly owned by the Robinson Family since 1864. Most of its 130 or so residents speak Hawaiian as their first and only language, and very few people outside the family ever get to visit.
Kahoolawe
The smallest of the eight main Hawaiian Islands, Kahoolawe is uninhabited. For more than 50 years, the U.S. military used the island for target practice, hitting it with bombs, missiles, and massive test explosions. In 1994, the U.S. military formally handed control of Kahoolawe back to the state of Hawaii, and modest efforts are now underway to recover and restore what remains of its historic, cultural and natural resources.
November 2nd, 2010 by
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Val Kilmer's Ranch - Listed for sale at $23 million (Photo Credit: Santa Fe Realty Partners)
By Serena Norr
Grandiose properties – in both price and size – are on this week’s Beat. Although this is no different from any week on the Beat, we were particularity intrigued by Val Kilmer’s massive Rowe, New Mexico ranch that encompasses 5,328-acres and 11, 573-square-feet of living space. The new property owners (whomever they may be) will also enjoy seven bedrooms and eight bedrooms as well as 10 springs and 10 miles of hiking and biking trails. This is, of course, for the reduce price of $23 million – guess a luxury ranch isn’t in our future. The Donald is also selling one of his many properties. This one, located in Rancho Palos, California, includes a 18-hole golf course, ocean views, five bedrooms and 11,000-square-feet of living space. We also heard that Bill and Giulania Rancic purchased a luxurious Chicago mansion this week as did Toni Collette who purchased a Spanish-style home in California for $1,300,000. Until next week…
Donald Trump's Rancho Palos Estate - Listed for $12 Million (Photo Credit: Housing Watch)
• Donald Trumps Puts California Estate on the Market
Real estate maven, Donald Trump, recently placed one of his zillion-plus properties on the market. A bit of an overstatement, but as we all know the name Trump equals real estate. This latest property on the market, located in Rancho Palos, California (a community outside of Los Angeles) is situated on 300 acres of land and includes 11,000-square-feet of living space. Listed for sale at $12 million, the Mediterranean-style property was purchased for $27 million and includes five bedrooms, several fireplaces, a 18-hole golf course an outdoor area with an infinity pool and gorgeous views of the ocean due to its location on the bluffs of the Pacific Ocean. The house also includes a glass wine room, a game room and a master bath with a spa and a double shower.
Bill and Giulania Rancic's New Mansion - Purchased for$1,560,000. (Photo Credit: Laura Rubin Dresner)
• Bill and Giulania Rancic Purchase Mansion for $1,560,000
Bill Rancic, winner of the first season of “The Apprentice” and his wife, Giuliana Rancic, recently purchased a mansion in Hinsdale – a suburb outside Chicago – for $1,560,000. As a seasoned real estate flipper, Bill Rancic is no stranger to real estate purchases with homes in both Chicago and Los Angeles. This latest home, calculating at 12,000-square-feet, includes seven bedrooms, 9.5 bathrooms, a 1.5 car garage and a state-of-the art security system.
Pics of Toni Collette's New Home - Purchased for $1,330,000. (Photo Credit: The RealEstalker)
• Toni Collette Buys a Hollywood Home for $1,330,000
Actress Toni Collette, “United States of Tara” and her partner recently purchased a new home in Los Angeles for $1,330,000. Encompassing 2,236-square-feet, the home also includes three bedrooms, 3.5 bathrooms (including one bathroom in the pool house) and a wide front porch. The Spanish-style home is also gated and fenced and features walnut-flooring, a fireplace, an arched doorway, and a modern kitchen with stainless steel appliances. Collette and her partner also own properties in Australia and Ireland.
• Actress Amanda Seyfried Buys at Devonshire House
Mean Girl Amanda Seyfried recently purchased a luxury condo in NYC for $1.875 million. Located in Central Village’s Devonshire House, a pre-war condominium designed by architect Emery Roth, Seyfried’s unit includes two-bedrooms, two-bathrooms and 1,585-square-feet of living space. The building itself also includes interesting amenities such as a 24-hour doorman, a courtyard garden, a rooftop terrace, an on-site gym and storage, a children’s play room and a cold storage unit for groceries.
Val Kilmer's Ranch - Listed for $23 million (Photo Credit: Santa Fe Realty Partners)
• Val Kilmer Re-lists Rowe, New Mexico Ranch
Much as been publicized about Val Kilmer and his attempts to sell his 5,328-acre ranch located in Rowe, New Mexico. Originally listed for $33 million, the price was recently reduced to $22 million (a substantial price jump) that Kilmer, at one point, wanted to turn into a lodge. According to the listing, the property, located in the the wilderness, is situated near 10 natural springs with six miles of the Pecos River and 10 miles of hiking and biking trails. The house itself includes seven bedrooms, eight bathrooms and 11,573-square-feet of living space.
Shot of Winona Ryder's Home and Pool - Listed at $4.095 million. (Image Credit: The Luxist)
By Serena Norr
After a brief break to bring you the spooky Haunted Beat, we are back with the latest hot properties from La La Land. Troubled starlet Winona Ryder recently placed her vintage-inspired Los Angeles home on the market for $4.095 million. The Spanish-style home, purchased in 1998, includes a rustic kitchen, a personal gym, four bedrooms and four bathrooms. Andy Roddick, Kelly Clarkson and Flea (of the Red Hot Chili Peppers) also placed their homes on the market with the only buyer this week being Julia Roberts who purchased a $3.89 million-dollar penthouse in the West Village. Let us know if you have a real estate tip or some insight about any of these properties in the comments section.
Julia Roberts' New West Village Co-op - Sold for $3.89 Million. (Image Credit: the NY Post)
• Julia Roberts Buys Penthouse for $3.89 Million
Julia Roberts recently purchased a co-op penthouse in Greenwich Village for $3.895 million. According to the NY Post, the building was built in 1958 and includes a rooftop terrace. Roberts is no stranger to real estate deals and owns properties in California, New Mexico as well as another NYC home in Gramercy Park.
Winona Ryder's Kitchen - Listed for$4.095. (Image Credit: The Luxist)
• Winona Ryder Selling Her Los Angeles Home
Winona Ryder recently placed her Los Angeles home on the market for $4.095 million. Purchased in 1998 for $2.6 million, the Spanish-style property comes with four bedrooms and four bathrooms – one of which includes vintage-inspired pink and blue tile work. Additional features in the home include a rustic-looking kitchen with an eat-in breakfast area, an indoor gym, a formal living room and French doors leading to an outdoor area with a kidney-shaped pool, a built-in wet bar and 3,765-square-feet of living space. Ryder also owns a 3,436-square-foot single family home in the Cow Hollow neighborhood in San Francisco.
Andy Roddick's Texas home - Listed at$3.6 Million. (Photo Credit: The RealEstalker)
• Andy Roddick Lists Lake Austin Home
Andrew “Stephen” Andy Roddick and his wife Brooklyn Decker have recently placed their 5,558-square-foot home in Austin for $3.6 million. Located on a Cul de Sac, the private and gated home (that overlooks Lake Austin) features .71 acres of land, four bedrooms, three bathrooms, high ceilings and huge closets. The home also includes a personal gym, a game room, a media room and a state-of-the-art kitchen with granite countertops, a breakfast bar and stainless steel appliances. Purchased in 2003 for $2,149,500, there is no word on where the couple wants to relocate.
Kelly Clarkson's Home for Sale - Listed at $1,449,000. (Photo Credit: The RealEstalker)
• Kelly Clarkson Lists Nashville Home
“American Idol” Kelly Clarkson recently listed her five-bedroom, six-bathroom Nashville, Tennessee home for $1,449,000. Purchased in 1007, the 4,900-square-foot residence also includes a media room, a formal living and dining room, hardwood flooring, den, recreation room and a fireplace. The kitchen has also been upgraded and now includes stainless steel appliances and honey-colored cabinets. Clarkson also owns a gated home in Fort Worth, Texas.
Flea's Ocean Front Home - Listed at $13,676,000. (Photo Credit: The Real Estalker)
• Flea Selling His Home in Malibu
Michael Balzary aka Flea of the popular band Red Hot Chili Peppers recently listed his Malibu estate for $13,676,000. Encompassing 2,731-square-feet, the ocean front home includes four bedrooms and four bathrooms located on two acres on Encinal Bluffs – which overlooks the beach at every angle. The home also includes unique architectural details such as soaring ceilings, an open floor plan and walls of glass. There are also two separate guest homes, two garages, a private spa terrace and private beach access.
October 14th, 2010 by
Admin
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Justin Timerlake's NYC Loft - Listed for sale at $5.25 million. (Photo Credit: Modlin Group)
By Serena Norr
Mr. Sexy Back aka Justin Timberlake seems to have no real estate or financial issues in sight. Before the sale of his current NYC loft-style condo was completed (listed at $5.25) Timberlake purchased a new NYC penthouse for $7.65 (at the Soho Mews). Citing lack of privacy as the reason for the move, the new penthouse includes three-bedrooms, an ultra-luxe 4,000-square-foot shared courtyard and private parking. We’re not sure how much privacy Timerlake will get – especially since the address has been published — but the new building does have a 24-hour security team as opposed to his current pad that only had a part-time security team. The Beat also reported that Patricia Cornwell (the crime novelist) recently purchased a luxurious two-floor penthouse at the Fairmont Battery Wharf for $6.5 million. A quasi-hotel – the condo features 24-hour cleaning services and an on-site gym and restaurant. Stay tuned for next week’s Beat — we have a special haunted house edition in the works…
Pics from Lenny Kravitz's New Orleans home - Listed at $775,000 (Photo Credit: The Real Estalker)
• Lenny Kravitz’s New Orleans Cottage for Sale
Lenny Kravitz recently placed his New Orleans cottage on the market. Purchased in 1994, the 220-year-old French Quarter cottage with its weathered exterior was originally purchased for $360,000 that is now listed at $775,000. Many of the design elements are created by Kravitz including an enhanced and dramatic main living space with gleaming hardwood floors and silvered wallpaper. The modestly-sized and narrow 1,725-square-foot home also includes sleeping loft for guests, sleek marble counters, central air, a small courtyard that is described as “metro chic,” two bathrooms and one bedroom. Kravitz likely did not live solely in this property since he owns properties in the Bahamas, Paris and Brazil.
• Michael Douglas and Catherine Zeta-Jones Purchase a Colonial Mansion
Michael Douglas and Catherine Zeta-Jones recently purchased a Colonial mansion in Bedford, New York. Sold to the couple for $5.25 million, the Westchester mansion includes five-bedrooms, 5½-bathrooms, a pond, pool, guesthouse and three-car garage that is situated on 5.7 acres. The couple reportedly rented out the 6,300-square-foot home before they decided to purchase it.
Justin Timberlake's kitchen - Loft listed for sale at $5.25 million. (Photo Credit: Modlin Group)
• Justin Timberlake Lists NYC Apartment and Buys Another
Justin Timberlake recently purchased a new penthouse from the new building Soho Mews – a pair of buildings designed by architects Gwathmey Siegel & Associates – before he completed the sale on his Tribeca loft. Located in the heart of Soho, the 2,598-square-foot penthouse, purchased for $7.65 million, includes three-bedrooms, parking and a 4,000-square-foot private garden. The reason for the quick sale? Timberlake reportedly wanted more privacy from the paparazzi that frequently set up camp outside of his home. The Tribeca 3,000-square-foot loft still on the market is located in the Pearline Soap Factory and is listed at $5.25 million. The listing through the Modlin Group states the loft has 11-foot ceilings, plenty of light and an open kitchen with “restaurant quality appliances by Wolf, Sub-Zero, and Miele.” The Pearline Soap Factory is also noted for having one apartment per floor and key-locked elevators.
Patricia Cornwell's new home - Purchased for $6.5 million. (Photo Credit: The Real Estalker)
• Author Patricia Cornwell Buys Boston Penthouse for $6.5 Million
Crime novelist Patricia Cornwell recently purchased a 4,553-square-foot penthouse in the North End area of Boston. The modern four bedroom, 4.5 bathroom condo, located at the Fairmont Battery Wharf development includes on-site security, 24-hour housekeeping services, valet parking, an on-site gym and a restaurant located on the lower level of the complex. The duplex-style penthouse itself has a circular staircase, fireplace, hardwood flooring, large windows, stainless steel appliances and granite countertops. The property was sold to Cornwell and her partner for $6,500,000. It was also reported that Cornwell purchased another two-bedroom property for $1,650,000 in another area in Boston.
Jesse James' Kitchen - Condo recently reduced to $999,999
• Jesse James Reduces Price of Condo
In June, we reported on this Sunset Beach home that Jesse James placed on the market following his quickie divorce from Sandra Bullock. And now it seems that property is still on the market but for a reduced price. This three-bedroom, 3.5-bath condo was originally listed for $1,290,000 – that is now listed for a little under a million for $999,999. The Mediterranean home itself, encompassing 2,634-square feet and two floors, is actually quite gorgeous. There an elevator, a rooftop deck, a quaint kitchen with modern appliances, a media/game room, an office, a guest room, a fireplace, a modern kitchen, an island bar and a three-car garage with a built-in space for tools and storage – not to mention being located right next to the beach!
If you have any questions, comments or inquires, please contact me at editorial@relocation.com.
Ricky Martin's luxurious living room - listed at $18.9 million. (Photo Credit: Zillow.com)
By Serena Norr
Part gossip report part real estate news, this week on the Beat we are reporting on Tiger Woods and his search for real estate in NYC as well as Alex Rodriguez and Cameron Diaz who are looking for a pad in the same city that never sleeps. In California, T.R. Knight (of “Grey’s Anatomy”) is also looking to relocate to NYC, but first he has to sell his 4,160-square-foot Los Angeles home. Amy Adams, though, is staying in LA and recently purchased a 3.5 bedroom home in Beverly Hills that is the perfect size for her and her new baby.
The Aldyn - the luxury condo that Diaz and Rodriquez are reportedly checking out. (Photo Credit: NYPost)
• A-Rod and Diaz Looking for a Pad in NYC
Alex Rodriguez and his main squeeze of the moment, Cameron Diaz, are currently looking for a luxurious apartment in NYC. According to the NY Post, Rodriguez and Diaz were reportedly spotted checking out a 5,600-square-foot duplex called the Aldyn. Situated along the West Side Highway, the six-bedroom condo includes a huge terrace overlooking the Hudson River, a private swimming pool, a hot tub, a squash court, bowling alley and climbing wall and a Kidsville, an indoor playground for children.
Ricky Martin's pool - this Golden Beach estate is listed at $18.9 million. (Photo Credit: Zillow.com)
• Ricky Martin’s Home on the Market
Ricky Martin, the 90’s pop sensation, has been trying to sell his this 9,882-square-foot Mediterranean-style estate since 2007 that is now back on the market for $18.9 million. This two-story Golden Beach, Florida estate is located on a private and secure beach community – about 12 miles north of Miami Beach – that includes five bedrooms with a master suite, seven bathrooms, a walk-in closet, a five-car garage, a media room and a terrace with views of the ocean.
Tiger Wood's new pad in NYC. (Photo Credit: Curbed NY)
• Tiger Woods Looking to Score (A New Apartment)
Infamous for his skills as a pro golfer and most recently for his well-publicized divorce, Tiger Woods is back in the news but this time it involves his search for an apartment in NYC. Woods is currently scouting out a condo on Hudson Street called the Printing House — a 19th-century commercial building that was converted into condos in the late 1970s. Described as an “Italian-Renaissance-palazzo-style” reports have been unclear as to which unit Woods is interested in, but a $5,200/month two bedroom, two bath unit was recently sold where reports have speculated that Woods was the buyer. This unit includes hardwood flooring, high ceilings, a walk-in closet, dishwasher, central air and a personal gym. Woods can also look forward to having a building with a doorman, a concierge, a pool, a sundeck, video security and valet service.
T.R. Knight's home - listed at $3.9 million. (Photo Credit: The Real Estalker)
• T.R. Knight’s Home on the Market for $3.9 Million
T.R. Knight of “Grey’s Anatomy” fame recently placed his 4,160-square-foot Los Angeles home on the market. The four-bedroom, 3.5 bathroom home has been T.R’s home since 2007, but now that he ended his stint on that show he is looking to relocate to NYC. The 1930s Tudor-style home is listed at $3,995,000 that includes gothic furnishings, exposed beams, parquet flooring and an outdoor area with a covered fireplace, terrace and landscaped grounds.
Amy Adams' new Beverly Hills home -- listed at$3,165,000. (Photo Credit: The Real Estalker)
• Amy Adams Buys Home in Beverly Hills
Two-time Oscar nominee Amy Adams recently purchased a home in Beverly Hills for $3,165.000. The four-bedroom, 3.5 bathroom home, described as a “Cape Cod estate,” includes 4,311-square-feet of living space, hardwood flooring, a fireplace, walk-in closets and a private patio with views of the ocean. The property is also protected by a secured gate and features contemporary glass panels, a den, built-in bookcases and French doors.