The Kailuana Enclave
One of the largest cul de sac neighborhoods between North Kalaheo Avenue and Kailua Bay, Kainalu Park, commonly referred to as Kailuana, consists of 78 homes, all within walking distance of one of the widest sections of Kailua Beach. Accessed from Kailuana Place, this “beachside” neighborhood is notable for its sense of privacy and exclusivity…and, uniquely, it is intersected by the Kawainui Canal.
Twenty of the homes are oceanfront, and one of them, an estate on Kailuana Loop, holds the record for the highest price commanded by a single family home in Kailua. Coldwell Banker Pacific Properties Realtor Tracy Allen sold the home in 2006 for $24 million, Thirteen of the homes front the Kawainui Canal, including one currently listed for sale at $1,699,000 by Coldwell Banker Pacific Properties Realtor Mary Beddow.
The majority of the Kailuana homes are between 30 and 40 years old with lot sizes ranging from a minimum of 10,000 square feet to 30,000-plus square feet. These larger lots are primarily in the area known as Castle Point, the location of the original Castle family estate, where new homes were built between 2004 and 2010. Prices have remained steady, averaging close to $3 million for homes sold in 2010 and 2011 to date.
Beddow, a resident of Kailua and specialist in Windward real estate, has noted the increasing preference of many buyers for beachside homes that are close to but not adjacent to the beach. “Although frontage on a sandy beach continues to be most buyers’ idea of ‘nirvana,’ there are a number of reasons for choosing other beachside locations, particularly canalfront, which I consider really special,” Beddow said. “Direct beach frontage can also mean exposure to all the activity that necessarily takes place there. To some extent, this can be mitigated with walls, plantings, and the design of the home. But usually, the reason for choosing and paying the price for a beachfront location is to have an unobstructed view of the ocean.
“A canalfront beachside home, such as the one I am currently listing, gives you the best of both worlds. From the property, you can paddle a surfboard, kayak, canoe, or flat bottom boat right out to the ocean. And, the canal is really picturesque.”
Beddow noted that her listing on Kailuana Place is one of the largest properties in the area at 14,000 square feet with 100 linear feet of canal frontage. The gated Balinese style estate includes a three bedroom, two bath main house with a deck off every room and a separate one bedroom, one bath guest house. Designed by prominent Hawaii architect Thomas Pagliuso, the 2,824 square foot home opens up to gardens, a courtyard, and lagoon style swimming pool with a waterfall.