Neighborhood Information about Kahala: Kahala has traditionally been known as “the” luxury real estate neighborhood on Oahu. Early on, all of Kahala was on leasehold land with the lessor being Bishop Estate. Over the years, the majority of residential land in Kahala has been bought by the lessees and is now fee simple. Bishop Estate continues to own the land beneath much of the commercial real estate in Kahala, including Kahala Mall, the Kahala Hotel and Waialae Golf Course. They also own the land beneath the Kahala Beach Apartments. During the Japanese real estate bubble n the late 1980’s and the early1990’s, it was not uncommon for oceanfront homes to be trading for $20 million dollars.
The allure Kahala has to offer are its larger lots. The oceanfront ones are normally a half acre or more an d zoned R-20. As you go further inland from Kahala Ave. and the beach, lots are R-10 and roughly a quarter acre +/-. Prices for oceanfront homes are over $10-20 million and really nice ones not on the water can fetch as high as $5-6 million. Tear downs further inland start at around $1 million and are typically snapped up really quick.
Amenities in Kahala are Kahala Mall, in air conditioned indoor mall that has movie theaters, shops, restaurants and anchor tenants such as Macy’s and the first Whole Foods supermarket in Hawaii. There’s also a post office and most of the local banks. Kahala Elementary is the local public school and there are several private preschool and elementary options. There’s also easy freeway access off Waialae Ave.
The majority of residential real estate in Kahala consists of single family homes, however, there are several townhome and condo alternatives. If you’re considering purchasing a home or condo in Kahala, or own one and looking to sell it for top dollar, feel free to contact me for more information.