Oceanfront Options – The North Shore – Kawela Bay
By the time the winter big wave surfing competitions conclude at the famous beaches of Oahu’s North Shore, visitors and competitors from all parts of the world will have been exposed to the energy and ambiance of this unique part of Hawaii. Many have purchased their own personal “piece of paradise,” contributing to the diversity of the North Shore communities.
North Shore real estate has continued to appreciate dramatically over the past three decadess. Homes along the stretch of coastline between Kahuku and Kaena Point range from “beach shacks” to multi-million dollar estates and condominium developments. Kamaaina families have continued to maintain both primary and secondary residences on the North Shore, and companies such as Billabong, Hurley, and Volcom have purchased properties in choice beachfront locations. Commercial development is concentrated primarily in Haleiwa Town, where several new commercial projects have just been completed. Despite the extensive media exposure and the increase in upscale residential real estate development, the North Shore of Oahu continues to resist excesses of urban encroachment and retain its country atmosphere.
Truly a “hidden gem” among North Shore neighborhoods is a small residential area between Kawela Kai and Kawela Bay where a “twofer” consisting of a large two-story single-family home and a smaller beach cottage are on the market for $1,970,000.
The two structures are on a completely landscaped half-acre R-5-zoned fee simple lot on the beach side of Kamehameha Highway, where it swings eastward toward Turtle Bay Resort and the town of Kahuku beyond.
Realtor and listing agent Richard Sterman of Sterman Realty said the property would be a great buy for either a prospective resident or investor. Currently both structures are long-term rentals, with the main house renting for $4,400 and the “older classic” for $3,400 monthly, but a buyer also could live in one and rent out the other.
Built in 2009, the partly furnished larger house has three bedrooms and two baths. Elevated above storage rooms and garage spaces on the ground level, the second floor overlooks the ocean, mountains, and the gardens. The cottage has two bedrooms and one bath.
The homes are accessed from the highway through a private gate, while another private gate regulates access both to the beach and bay.
“Ownership of the homes includes membership in a homeowners association, but the fees are reasonable and there are some good covenants,” Sterman said. He added that the neighborhood is relatively isolated, but close to the resort with its restaurants, golf courses, and other attractions, plus schools, a hospital, and a few retailers in Kahuku. More shopping options are available in the next town of Laie, home of the Polynesian Cultural Center and Brigham Young University-Hawaii.
For more information or to schedule an appointment, contact Richard Sterman at 638-8600 or firstname.lastname@example.org.