The real estate landscape in Hawaii presents distinct challenges due to the combination of high demand and limited land availability. A budget of $5 million in Hawaii may yield less than anticipated when compared to other regions, often translating to properties with reduced space, fewer luxury amenities, or locations outside of exclusive neighborhoods. Factors such as ocean views, nearby beaches, and the desire for a tropical lifestyle contribute to elevated prices. Those interested in properties at this price point must carefully assess the compromises in terms of location, size, and features. Gaining insight into the local market is essential for making smart choices in this high-end sector.
10. Holualoa, HI – $5,450,000
This $5,450,000 property in Holualoa features a five-bedroom, five-bathroom estate built in 1984, covering 6,291 sq. ft. on five acres with stunning views of the Kona coastline. The estate includes a main residence, an Ohana dwelling with a full kitchen and primary suite, along with a carriage house with three garage bays and caretaker living quarters.
The main house boasts a chef-inspired kitchen equipped with custom cabinets in Sapele Mahogany, commercial-grade Bosch appliances, and striking waterfall quartz countertops. It also features three master suites, each with private lanais and unique showers. Additional amenities encompass a private dining room with a cocktail bar, a spacious laundry area, a wellness system with tankless water heating and UV water purification, as well as a Generac generator. Enjoy 2,600 square feet of outdoor lanais, all situated within a gated, tropical sanctuary.
Listing Agent: Carrie Nicholson @ Hawaii Life via Coldwell Banker Realty
9. Kailua-Kona, HI – $5,450,000
For the same price of $5,450,000, you can acquire this five-bedroom, five-bathroom condo in Kailua-Kona, which will be completed in 2024. It encompasses 3,478 sq. ft. of living space at Kohanaiki. The upper level features a gourmet kitchen outfitted with Wolf and Sub-Zero appliances, an expansive great room, and a lanai ideal for BBQs and gatherings, as well as a primary bedroom with an en-suite bathroom and lanai access.
The lower level offers a secondary living space along with two guest bedrooms, both connected to a spacious lanai. Outdoor amenities include a private yard, a swimming pool, and a hot tub. Embrace ocean views and a harmonious blend of indoor and outdoor living.
Listing Agent: Cindy Corbin @ Kohanaiki Realty LLC via Coldwell Banker Realty
8. Captain Cook, HI –$5,400,000
Discover what Captain Cook offers for $5,400,000. This listing includes three parcels totaling 15.43 acres, featuring several homes, agricultural facilities, and a coffee plantation. The main parcel is 7.98 acres and includes five homes, a warehouse, an office, nursery spaces, shade houses, and equipment storage, with nearly 1.5 acres dedicated to coffee production.
The second parcel is a 2.45-acre undeveloped lot ideal for future development or farming ventures. The third parcel boasts a custom-built residence of 4,236 sq. ft. with four bedrooms and three bathrooms, showcasing high ceilings, an open layout, and captivating ocean views from its expansive lanai. One of the homes on the main parcel has undergone major renovations, offering 3,598 sq. ft. of living space with four bedrooms and extra guest accommodations.
Listing Agent: Dayna Apilado @ Corcoran Pacific Properties via Coldwell Banker Realty
7. Kamuela, HI – $5,200,000
In Kamuela, a $5,200,000 budget gets you a three-bedroom, 3.5-bathroom single-family home built in 2011. This residence spans 3,730 sq. ft. on a 14,244 sq. ft. lot located in the Nohea neighborhood. The property boasts an open floor plan with doors that seamlessly integrate indoor and outdoor living areas, including a covered lanai and pool deck.
The modern kitchen features top-tier appliances, a pass-through to the lanai, and sizable windows overlooking the pool area. The primary suite comes with an en-suite bathroom equipped with dual vanities and a soaking tub, while all additional bedrooms have their own private bathrooms. The property is surrounded by lush tropical landscaping, offering plenty of outdoor space for relaxation or entertaining.
Listing Agent: Erik Jacobson @ Compass via Coldwell Banker Realty
This $5,200,000 offering in Pepeekeo encompasses 4.15 acres and includes two luxurious estate homes totaling 7,510 sq. ft. with eight bedrooms and 7.5 bathrooms, built in 2015. The main residence showcases high-end finishes including Calacatta Oro stone, various marbles, and Ocean Silver travertine, designed by Barclay Butera Interiors.
Features include a great room with soaring 13′ ceilings, a theater and billiards area equipped with a full bar, and a European wine cellar complete with a tasting room. The outdoor area boasts an infinity pool overlooking the ocean and minimal light pollution. The second home reflects the same craftsmanship and luxury as the primary residence, ensuring privacy and comfort.
Listing Agent: Rebecca Hirsch-Keliihoomalu @ Compass via Coldwell Banker Realty
5. Lahaina, HI – $5,575,000
In Lahaina, for $5,575,000, this four-bedroom, five-bathroom Balinese-inspired home, completed in 2024, provides 3,258 sq. ft. of living space on a 0.49-acre lot with direct beach access via golf cart. Included with the property are a Tesla battery, a solar power system, a 2022 Tesla Model 3, and a 2024 6-passenger Evolution golf cart.
Excellent amenities feature a clubhouse with lounge areas, a game room, a gourmet kitchen, and a pool that includes a waterfall and hydro-spa, along with a beautifully landscaped courtyard and fitness center. This home boasts breathtaking ocean views and comes fully furnished, with three designated parking spaces available.
Listing Agent: Robert R Myers @ Island Properties via Coldwell Banker Realty
4. Wailuku, HI – $5,250,000
In Wailuku, for $5,250,000, you can acquire a four-bedroom, six-bathroom home inspired by Bali, built in 2019. This property spans 3,175 sq. ft. on 2.783 acres within the Wailuku Country Estates subdivision. The main house is notable for its vaulted bamboo ceilings, hardwood flooring, custom cabinetry, and two grand kitchen islands, offering ocean and mountain views from every room.
The primary suite includes dual bathrooms, dual walk-in closets, and design touches inspired by Balinese architecture. Each additional bedroom also has an en-suite bathroom. The estate features a separate ohana amidst tropical landscaping, alongside a 1,000 sq. ft. barn/workshop with glass doors on all sides. Outdoor areas provide a wrap-around lanai and gazebo, encircled by vibrant gardens with citrus trees, fruit trees, and various tropical plants.
Listing Agent: Karen Browne @ Island Properties via Coldwell Banker Realty
3. Haleiwa, HI – $5,200,000
For $5,200,000, this beachfront estate in Haleiwa features a one-bedroom, three-bathroom main house alongside a large cottage, situated on nearly 20,000 sq. ft. of land. The property boasts around 130 linear feet of oceanfront, showcasing scenic ocean, mountain views, and year-round sunsets.
The main residence is designed with vaulted ceilings, custom lighting, expansive sliding doors, and a covered lanai that invites in ocean breezes. Located about a mile away from Haleiwa Town, it offers a tranquil and private setting. The zoning and size of the lot also open the door to redevelopment possibilities.
Listing Agent: Carl J. Higgins @ via Coldwell Banker Realty
2. Honolulu, HI – $4,895,000
In Honolulu, for $4,895,000, you can obtain a five-bedroom, 4.5-bathroom residence built in 1999 that spans 4,655 sq. ft. situated on Kahala Avenue. This property showcases an indoor-outdoor layout with elevated ceilings, expansive windows, and glass doors leading to a lanai featuring lounge areas, a tiled pool, and a spa. The primary suite on the ground floor offers pool views and is adjacent to a private office, with a family room that includes a wet bar and an additional bedroom suite for extended family living.
The upper floor holds three more bedrooms and a study area. Additional advantages include 88 owned photovoltaic panels, a three-car garage with a hydraulic lift, and ample parking space, conveniently close to beaches, parks, dining, and shopping.
Listing Agent: Tracy Allen @ via Coldwell Banker Realty
1. Haiku, HI – $4,599,000
The most budget-friendly option at $4,599,000 in Haiku features a custom-built home with four bedrooms and three bathrooms, constructed in 2004. The property offers 2,811 sq. ft. of living space on a 2-acre lot, featuring high ceilings, Brazilian cherry wood flooring, and an open-concept layout that boasts a gas-burning fireplace and elegant arched hallways.
Outdoor features include a screened-in lanai, an expansive deck with partial ocean views, and a beautifully landscaped yard boasting mature fruit trees and lava rock garden beds. It also includes a separate cottage for additional family living or rental opportunities. The property comes complete with a two-car garage, a covered breezeway, and a picturesque driveway shaded by a large monkey pod tree.
Listing Agent: Tatiana Howard @ Island Properties via Coldwell Banker Realty
