Waialae Iki is an upscale neighborhood located between Kahala and Wailupe. Waialae Iki is perched on a hillside, offering stunning views from Koko Head to Diamond Head. The Waialae Golf Club runs along the shoreline, with its green fairways and palm trees making for a relaxing atmosphere.
Development of Waialae Iki began in the 1960's. Catch an episode of the original Hawaii Five-0 tv show and you might see McGarrett driving through the neighborhood with mostly vacant land parcels and a few homes here and there. Waialae Iki has about 1,100 homes and inventory of homes for sale is limited, since there isn't much land left to build on.
Some of the allure to Waialae Iki is that many homes have ocean and coastline views. And Waialae Iki is not quite as expensive as Kahala, with median sale prices at $1.3 million in 2010.
From Honolulu take the H-1 freeway eastbound. The freeway ends at Kahala, descending to ground level. From that point the road becomes Kalanianaole Highway. Drive past the first two intersections and turn left at the third stoplight, which is Laukahi Street.
Laukahi Street meanders back and forth up the hillside past many beautiful homes. At the top, Waialae Iki 5 is a separate gated subdivision. The altitude above sea level is approximately 1,000 feet. Temperatures are a bit cooler (great in the summer!) and more rain keeps the yard green.
Utilities from Laukahi Street and up are underground. There are no telephone and cable lines blocking the views on this hillside.
Homes in this area range in price from around $850,000 to $3,000,000. Interior sizes start off around 1,400 square feet and go up to around 4,500 square feet. Being that this is a hillside neighborhood, many of the lots are hilly and terraced. Homes on Analii Street (at the bottom of Waialae Iki) offer some of the more level land parcels.
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