Jan. 13, 2017
The 2017 Sony Open is in full swing this week on Oahu. Some of the PGA's best are taking to the course and having some great early rounds with the light wind conditions. As every year the players come and go, so do the homes for sale fronting the esteemed Waialae Golf Course.
This year there are 6 listings that front the course in the 3 surrounding MLS neighborhoods of Kahala, Kai Nani and Waialae Golf Course that range from just over $2 million to just under $6 million:
1. 4509 Waikui St. (MLS # 201627362) in Waialae Golf Course is listed for $2,285,000
This home on Waikui St. is the most reasonably priced listing for sale. Although on a quiet cul de sac, it also backs up to Kalanianaole Hwy., which is why it is heavily discounted for a home fronting Waialae Golf Course. Originally listed for $2,450,000 the Seller has definitely shown signs of motivation with 3 price reductions already since coming to market in November of 2016.
2. 1057 Waiholo St. (MLS # 201521858) in Waialae Golf Course is listed for $3,450,000
This listing offers THE BEST location of all the active listings in my opinion. Facing slightly east, you get the morning sun and this is one of only two that has ocean views. This Seller is also motivated having come down significantly from an original price of $4,888,000 in 2015.
3. 4817 Kaimoku Way (MLS # 201612958) in Kai Nani is listed for $4,195,000
Built in 1970, this home had an incredible makeover in 2015 giving it a more modern/contemporary look. It's also the other one available that has some ocean view. The only downside to Kai Nani is you need to drive a little further on Kalanianaole Hwy. (from Kahala) to reach this one as it's the furthest listing to the east on the course. This Seller has also expressed motivation having come down from $4,995,000 from June of 2015
4. 4631 Waipahee St. (MLS # 201612961) in Waialae Golf Course is listed for $4,780,000
This is my favorite home of all the ones on the market. Unfortunately, someone else has seen it as their favorite too as the Seller accepted an offer last week. In this business though, it's never over until it's over so we'll see how their escrow goes. Built in 2004, this home has been on and off the market for years (listed as high as $5,888,000) while I've been writing these articles and glad to see there was a Buyer and Seller that had a "meeting of the minds" on price and terms.
5. 4952 Kahala Ave. (MLS # 201700606) in Kahala is listed for $4,995,000
This is the latest golf course home fronting Waialae to hit the market - just a few days ago. It's the only one for sale in Kahala and offers a nice single level floor plan. Built in 1999, it's also the closest you'll find to the club house off Kahala Avenue.
6. 951 Waiholo St. (MLS # 201618648) in Waialae Golf Course is listed for $5,900,000
This home on the 11th fairway is the priciest home on the market listed just under 6 million. Built in 2007, it also offers a single level floor plan and has a semi-above ground pool. Since the Seller paid $5,663,000 in 2015 it's hard to say how much room is negotiable in the price with this one...
In any event, it'll be exciting to see what the next few days have to offer in the tournament. In the meantime, if you're interested in other golf course homes on Oahu at a more affordable price, here's a page of all the golf course frontage homes and condos on Oahu I put together or feel free to contact me if there's anything I can help with.