Sachi Hawaii, a leading real estate agency known for its expertise in Honolulu luxury homes, announces the successful sale of Villa d’Elegance, a prestigious oceanfront estate situated at 1103 Kaimoku Place. This exceptional property, nestled along Oahu’s captivating Kai Nani shoreline, redefines beachfront living in Hawaii.

A Private Sanctuary Among Honolulu’s Luxury Homes

Villa d’Elegance transcends the definition of a residence; it embodies a meticulously crafted sanctuary inspired by coastal Italian-Mediterranean architecture. Renowned architect Jeff Long masterfully designed the property to seamlessly integrate with Hawaii’s natural splendor, maximizing the panoramic ocean vistas throughout the main living areas and bedroom suites. Commanding 131 feet of pristine sandy beach frontage, Villa d’Elegance offers an unparalleled island-lifestyle experience, ensuring residents and guests can fully immerse themselves in the tranquility and serenity that rare Honolulu properties like Villa d’Elegance have to offer.

Distinctive highlights of Villa d’Elegance include:

• Vineyard-inspired entry with a double-gated stone driveway, meticulous landscaping, and water feature.

• Elegant European Great Room and dramatic spiral staircase greet you upon entry, where breathtaking ocean views captivate the senses.

• An Italian Snaidero chef’s kitchen featuring a unique bamboo forest backdrop that seamlessly integrates the beauty of the outdoors.

• Motorized sliding glass doors that effortlessly blur the lines between indoor and outdoor living, allowing residents to embrace the idyllic indoor/outdoor lifestyle Hawaii has to offer.

• Upper and lower level ocean view grand primary bedroom suites, each meticulously designed to provide a haven of tranquility and rejuvenation.

A Sought-After Beachfront Hawaii Location

Beyond the unparalleled beauty of the property itself, Villa d’Elegance boasts an undeniably coveted location. Situated between the serenity of Maunalua Bay and the world-renowned Waialae Country Club, this private oasis offers the best of both worlds: stunning beachfront seclusion and proximity to championship golf and exclusive amenities.

Sachi Hawaii: Your Partner in Honolulu Luxury Homes

Sachi Hawaii is honored to have represented the seller in this successful transaction. Our team of experienced agents, equipped with unparalleled market knowledge and a genuine passion for Hawaii’s luxury real estate landscape, is dedicated to exceeding the expectations of our discerning clientele.

Thinking of selling a Honolulu luxury property? Sachi Hawaii can help you achieve similar success. Contact us today to explore our proven marketing strategies and turn your Hawaii real estate dreams into reality.

(808) 596-8801 | info@sachihawaii.com

The Honolulu real estate market continued its positive trajectory in February 2024, according to data released by the Honolulu Board of REALTORS®. Both single-family home and condo sales saw modest gains compared to February 2023, with single-family homes up 3.5% and condos up 2.8%.

Single-Family Home Resales

	Number of Sales	Median Sales Price
February 2024	179 +3.5%	$1,075,000 +8.9%
February 2023	173	$987,000

Condominium Resales

	Number of Sales	Median Sales Price
February 2024	334 +2.8%	$512,500 +6.8%
February 2023	325	$480,000

Source: HiCentral

Prices followed a similar trend, with median sales prices increasing for both property types. Single-family homes experienced a significant jump of 8.9%, reaching $1,075,000, while condos rose 6.8% to $512,500. Notably, the inventory situation also improved year-over-year, with active listings for both single-family homes and condos growing by 9.5% and 17.9% respectively.

Looking deeper into the data, we see some interesting shifts within each market segment. The luxury single-family home market ($1 million and above) thrived, accounting for nearly 60% of total sales compared to 49% last year. Conversely, sales of sub-$1 million homes dipped slightly. The condo market also saw movement within price ranges, with the $500,000 to $699,999 segment experiencing the most significant growth.

Overall, the Honolulu real estate market in February 2024 suggests continued stability and growth. While some price segments show more dynamism than others, both sales volume and inventory levels point towards a healthy market environment.

A new hotel development is brewing in Honolulu’s Chinatown, aiming to serve as a catalyst for the neighborhood’s revitalization. The proposed 16-story, 240-room hotel is currently making its way through the Honolulu City Council’s Zoning committee for approval.

Developer ʻIkenākea envisions the project as an anchor for the community, attracting investment and redevelopment while bringing much-needed jobs, foot traffic, and revenue to the area. Developers emphasize that these benefits have historically bypassed Chinatown in favor of tourist hotspots like Waikiki and Ala Moana.

Over the next four years, the project plans to transform the currently underutilized site, which currently serves as parking and storage, into a vibrant lifestyle hotel situated along a future Honolulu rail hub. The hotel will offer guests a variety of amenities, including:

• Two food and beverage outlets
• Meeting space
• A museum
• A rooftop pool
• A gym and spa
• A sky lobby
• A rooftop bar and restaurant with outdoor seating
• Accessible lanais with scenic views

The project acknowledges the historical significance of the area and incorporates the existing single-story historic structure, the Yee Hop & Co. warehouse, into the design plans. The building, listed on the Hawaii Register of Historic Places, will be meticulously restored to its original condition, showcasing its unique basalt rock wall exterior.

Situated adjacent to the Chinatown HART Station and Nimitz Highway, the project prioritizes pedestrian access and aims to promote long-term economic viability for the neighborhood.

The proposal faces approval through the Honolulu City Council’s Zoning committee and a separate 6E process with the State Historic Preservation Division due to the historic nature of the incorporated building.