Spotlight On North Shore – Sunset
By the time the winter big wave surfing competitions conclude in December with final events in Vans Triple Crown of Surfing, tens of thousands of visitors from all parts of the world will have been exposed to the beaches and neighborhoods of Oahu’s North Shore. A significant percentage of those who have experienced the ambiance and energy of this unique part of Hawaii will return and eventually purchase their own personal “piece of paradise.”
Sterman Realty owner and Principal Broker Richard Sterman was a North Shore surfer before he became a North Shore Realtor. A resident since 1974, he opened his first office in 1981. Now located in the North Shore Marketplace, Sterman Realty is the largest full service brokerage focusing on neighborhoods from Kaaawa to Kaena Point.
“North Shore real estate has continued to appreciate dramatically over the past three decades…for example, a beachfront home that might have been $200,000 in 1981 would be well over $2 million today,” Sterman said. “Currently we are experiencing low inventory. The highest demand is for the more affordable homes, but they are hard to find with inventories dropping by more than fifty percent.
“Beachfront properties will generally command the highest prices, but more and more buyers today are opting for the hillside homes which often have panoramic ocean views and larger lots.
“A project adding to the North Shore inventory is The Bluffs at Waimea, a subdivision with ten luxury homes overlooking Waimea Bay. Two model homes have been completed and eight more are slated to be built in the near future. We should be listing them soon.”
Sterman noted that one of the Sterman Realty Realtors, Elizabeth “Betty” Suratt, has recently listed one of the larger hillside properties in the Sunset Beach area. The custom home is situated above the coast on a 1.139-acre, landscaped, oceanview lot.
“This is a wonderful, custom home in a quiet neighborhood just steps from Sunset Beach,” Suratt said. “There are ocean, mountain, and garden views from all major living areas. The owner, who built the house in 1986 and remodeled it in 1994, was a professional surfer and surfwear manufacturer, whose main residence is in California.
“You can appreciate his sense of appropriate design and furnishings for a North Shore house in the layout and finishes. Much of the cabinetry and furniture is teak, flooring is hardwood and ceramic tile…the open kitchen is equipped with stainless steel appliances complemented by granite counters and exotic woods. Even the kitchen opens to the covered lanai that wraps around the house. The main living and dining area, designed as a great room with a vaulted, open-beam ceiling, overlooks the ocean through sliding glass doors and plate glass windows. The lanai, which is usable in all types of weather, adds more than 400 square feet for dining and entertaining.
“Two master bedrooms and two full baths, plus a half bath, are located on the main level. An interior stairway leads to the lower level with two more bedrooms, full bath, and a family room/office that can also serve as an additional bedroom. A two-garage and a one-car garage that doubles as a workshop and work-out room share the lower level.”
Located on Paumalu Place, the home has been listed by Realtor Elizabeth “Betty” Suratt at $1,950,000; some furnishings are available for purchase. Suratt, who is a third generation North Shore resident, can be contacted for additional information and is showing the home by appointment.