Quiet Valley Holds Appeal For Local Buyers
Kuliouou, as a Hawaiian ahupuaa, was a contiguous community extending from the mountains to the sea. Today, Kuliouou Valley and Kuliouou Makai with its unique oceanfront comprising Paiko Lagoon differ not only geographically but also demographically.
Typically, the majority of the upscale properties in the neigh-borhood are those developed along the coast makai of Kalani-anaole Highway. Residential development in the valley follows no clear pattern. Joining the older plantation style frame homes, both pre and post war vintage, are newer subdivisions and upscale homes taking advantage of the views and cooler weather on the lower slopes of the ridges. The Valley’s only townhome community, Haleloa, was built in the mid 1970s on Haleloa Place, a spur road that ends in a cul de sac at the drainage canal running along the base of Kuliouou Ridge. Haleloa I and II, with a total of 87 condominium units, is spread out over approximately 25 acres.
A typical Kuliouou scenario is new construction in progress on family owned property that second and third generations are redeveloping for their own use or for sale. At 294 Kuliouou Road, Summo Construction is building a new home for the owner who plans to occupy it. Two steel frame, two story buildings are currently under construction on the 10,000 square foot lot, a main house with 3,200 square feet of interior living space and an adjacent detached carport and workshop with 1,300 square feet. “My partner Chris Summo and I have completed more than 20 steel frame homes in East Oahu over the past 5 years, most of them for owners of old single wall wood frame houses that have been ravaged by termites and rot,” said John Meyers. “People are recognizing the value of property in these East Oahu neighborhoods and are wisely deciding to redevelop or upgrade. When long-time owners finally get around to building their dream home, they want it to last.”
Dan Madden, a Realtor with East Oahu Realty and specialist in properties in neighboring Hawaii Kai, recently sold a 55 year old single family home in the valley for $575,000 with four back up offers over asking price. “Within 24 hours of placing this home on the MLS and with no open houses, we sold this home to local buyers. The three bed room, one bath home had been in the same family since it was built and rented out for the past 30 years. I think the fact that it moved so quickly demonstrates the strength of the market for single family homes in East Oahu,” Madden said.
Coldwell Banker Pacific Properties Realtor Maggie Walker has listed a 3 bedroom, 2-1/2 bath condominium in Haleloa I at $535,000. “Haleloa may be East Oahu’s best kept secret…
most people don’t know it exists although Hawaii Kai is just a few minutes down the highway. That’s one of its attractions… the proximity of shopping, dining, and schools while living in a country setting with beautiful landscaping. Plus it’s a pet-friendly complex and a lovely place to walk with your dog along the tree shaded lanes,” Walker said.
Realtor Richard Cricchio of Help-U-Sell Honolulu Properties. who has listed a 25,032 square foot property with two homes built in 1950 on Dalene Way for $998,888, noted that until recently very little was available in Kuliouou. “This property could be a good investment with two separate houses, one the residence of the owner, and the other a rental. Remodeling was completed in 2005 and the gardens are well kept. Dalene Way is one of the many spur roads off Kuliouou, the main road into the Valley, that end in cul de sacs and create quiet little pocket neighborhoods.”
At the top of the price range in Kuliouou is a property of more than 1.5 acres with four dwellings listed for $2,875,000 by Realtor Helen Lai of Prudential Advantage Realty. She notes that she had multiple offers on the property within 30 days and expects to close with a local buyer this week. She added that some of the features of the property are the R-5 zoning and the mostly level topography with some portions sloping up the hill to provide an ocean view.