Real Estate Industry News

A gated beachfront estate in Kailua, Hawaii that’s on the verge of becoming the most expensive residential sale in Oahu’s history is on the market for $30.5 million.

Designed by Gast Architects of San Francisco, the home achieved a Leadership in Energy and Environmental Design (LEED) gold certification for its documented building standards. The LEED rating system recognizes buildings that excel in sustainability through construction, design and operation practices that improve environmental and human health.

With over 11,000 square feet of indoor-outdoor living, the property has integrated sustainability and smart home features including energy-efficient lighting, audio/media, whole home water filtration, a climate-controlled pantry, heated pool, security and solar photovoltaic energy that converts sunlight into electricity. An on-site generator runs on fuel supplied from an underground storage tank.

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There are also built-in barbecue grills and two pizza ovens. A dedicated storage area is close to the beach for surf boards and kayaks.

The home is near Honolulu International Airport and minutes away from one of Hawaii’s best beach towns, Kailua.

The estate has an additional factor in its favor. “When you look at Hawaii beachfront real estate, our inventory of existing homes is not that large,” said listing agent Scott Carvill of Carvill Sotheby’s International Realty said. “And when you look at quality beachfront homes for sale in Hawaii, the inventory is virtually nonexistent. This is a unique opportunity to have such a well-designed modern home with the highest level of finishes on one of the most desirable beaches in Hawaii available to buyers.”

Carvill, who foresees a mainland or international buyer purchasing the home, says his agency has been seeing buyers from all over the world competing for homes in Hawaii.

In a tight housing market, the beachfront home attracted lots of buyer interest before it even went on the market. “Our luxury market is so low on quality inventory that buyers are reaching out directly to potential off-market properties,” said Carvill.