Coastal Options – Southeastern Oahu
The southeastern coast of Oahu, bracketed by Koko Head in the east and Diamond Head the west, claims some of Hawaii’s most desirable and valuable real estate.
Development along this approximately 10 mile stretch of scenic coastline, almost exclusively residential, includes primarily single family homes, a few townhome communities, and a cluster of highrise condominiums at the edge of Waikiki. A hotel, country club, golf course, and two private beach clubs constitute the only additional development. Numerous parks provide acres of open space along the coast and within the communities.
The first permanent or primary residences began replacing vacation cottages on beachfront lots nearly a century ago. Kamaaina families with primary homes in the valleys and on the heights were attracted by the sunny weather and clear, calm waters of Maunalua Bay. Today distinctive estates set the tone for upscale living in neighborhoods from Portlock to Diamond Head.
Over the years, southeast Oahu oceanfront neighborhoods have continued to reinvent themselves, retaining value despite negative market fluctuations and offering renewed opportunity for local and offshore builders, buyers, and investors.
A truly outstanding home on Oahu’s southeastern coast – a residence designed by eminent Hawaii architect Vladimir Ossipoff – is currently available through Engel & Völkers-Honolulu for $14.88 million.
Built in 1964 on an acre of land between Paiko Lagoon and the Kanewai Fishpond, it is one of hundreds of Island homes designed in the previous century by Ossipoff, considered the dean of Hawaii architects.
As one commentary on Ossipoff’s work stated, “Ossipoff homes are known for their strong roof lines, deep overhangs, dark woods, native stone and built-in cabinets and fixtures. (Ossipoff) eschewed air conditioning and always took advantage of natural ventilation through huge sliding doors and windows that would open entire walls to the outside.”
And so it is with this five-bedroom, six-bath, single-level home in a private, gated community overlooking picturesque Paiko Lagoon. The spacious residence features almost 8,000 square feet of living area, including a guest house, and is in excellent condition. An indoor waterfall and pond graces the entry to the home, which is located at the end of a driveway that encircles a water fountain.
Remodeled through the years, but still retaining Ossipoff’s vision, the home offers panoramic views in all directions. Among its features are ceramic tile and marble flooring, a fireplace and wet bar area, floor-to-ceiling glass doors, central air conditioning, metal roofing, a large tiled swimming pool, a hot tub, and a wide manicured lawn with mature palms and other tropical foliage.
The estate is currently the property of Akemi Shimomura, owner of the Miss Paris Group in Japan, with salons and beauty colleges throughout Asia. Realtor and listing agent Kay Mukaigawa said that previous owners of the home have included prominent American families such as the Rockefellers and Vanderbilts, who recognized the property for its rare and exquisite value. “This breathtaking property has the beauty, elegance, sophistication and serenity to capture the hearts of generations to come,” she added.