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Spotlight On North Shore – Kawailoa

screen-shot-2016-11-19-at-9-05-55-pmSecond of two articles

With surfing now elevated to the status of an Olympic sport, media attention focused on Oahu’s North Shore – site of the World Surfing League’s Triple Crown competition – continues to expand, reaching new audiences in all parts of the globe. The setting is an integral feature in the coverage of surfing events. And the North Shore of Oahu has become well established as a special kind of environment, retaining its country atmosphere and resisting excesses of urban encroachment.

Richard Sterman, Principal Broker/Owner of Sterman Realty and a North Shore resident since 1974, has handled virtually every type of real estate transaction in the area since he opened his brokerage, now based in the North Shore Marketplace in Haleiwa. “The World Surfing League has recently opened headquarters in the same building,” Sterman said, “which further validates the North Shore of Oahu as the epicenter of the sport of surfing.

“The sport brings the media attention and the visitors, and the exposure is now bringing new waves of buyers and investors in addition to those from the Mainland West Coast, who discovered and embraced the North Shore lifestyle decades ago.

“The result has been a shortage of inventory and a steady increase in property values, but there are still excellent buys here in everything from raw land, to ag properties, to single family homes and condominiums…and even oceanfront estates can be had at prices that are competitive and even low in comparison with per-square-foot prices in desirable resort areas on the Mainland.”

For buyers who also happen to be surfers, proximity to favored surf breaks can be a decisive factor in choosing a North Shore property, whether for full-time living or as a second home utilized for vacations or weekend getaways.

Sterman Realty real estate agent Kristin A. Crowe has recently listed a large oceanfront property at Kawailoa with two identical homes, each with 3,328 square feet of living space, three bedrooms, two baths, and covered outdoor lanais. The 34,866 square foot property is gated at the entrance from Kamehameha Highway and walled along the oceanfront. Its panoramic coastal view extends from Alligator Rock out to Kaena Point and beyond.

“The coast here is rocky, but we consider that an asset rather than a liability, since swimmers and surfers would generally choose other access to the ocean, and sandy beaches are close-by,” Crowe said. “Choice surfing spots you can paddle out to right from the property include Uppers, 5-0s, and Alligators…Chuns, Jockos, and Laniakea are just down the road. In addition to surfing, the ocean out front is clear enough for snorkeling and scuba diving when the water is calm…a small rocky island less than one hundred feet from the shore is a good fishing spot. This property is ideal for large extended families and has been used by owners as a weekend retreat…it also has great potential for generating income. You could live in one of the homes and rent out the other, and still enjoy privacy since the property is so large.”

Crowe has listed the property for $4,500,000 and is showing it by appointment.

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