I,m sure 35 Million Dollar Home in Miami will let Zelensky have his Sun Tan. 1. Seventy-eight Hawaii sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. This, of course, isn't the first home in the area owned by O. Luxury, As pricey as they are, many of the other properties on our list are squeezed right next to other mansions. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. It is situated at the foot of Nihoku, an extinct volcano locally known as Crater Hill, and above Kahili Beach and Kilauea Bay. We chose homes that are for sale right now for around $1 million so that you can see how far your real estate dollars will stretch around the country. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators Copyright 2023 HiCentral MLS, Ltd funeral homes dixon mo. Today there are just 12 active listings on Hawaii Island for $10 million or more, three of them at Kkio: Thirty-year-old developer Adam Wong has an intoxicating vision for a vibrant and affordable Honolulu. Haena Point serves as the perfect gateway between Mauka (Mountains) and Makai (Ocean). This Wailea property, known as sandy surf, isnt used as a full-time residence. 3047 Kahalawai Street | MLS 611978 This is currently the most expensive home for sale in the esteemed Kukui'ula community. As the pinnacle of elegance and privacy, the exclusive listings of West Maui offer the kind of luxurious lifestyle that few are privy to. Kilauea proves time and time again a favorite getaway for celebrities, and this home shares its Aloha with many of them. Now asking $4.9 million, the four-bedroom property boasts ocean, tri-island and harbor views. So the new, post-2020 rules affect only a small proportion of veterans and even fewer of those who are still serving. The prevalence of million-dollar homes can vary significantly by metro. An off-grid residence that sits on almost 16 acres of land with an ocean view, the home is surprisingly stylish and amenity-filled. d.getElementsByTagName('body')[0].appendChild(js); Sorry for the inconvenience, Locations LLC. A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. Dubbed Hale Palekaiko - House of Paradise - this recently completed contemporary tropical estate is designed by award-winning architect Peter Vincent. Golf Course, Ft List Price: $2,100,000 The distribution of these palatial properties is also illuminating. Ward Village must include around 900 below-market homes under a master plan subject to pre-2018 price limit guidelines tied to 140% of the median income. We've rounded up the top 10 most expensive homes currently for sale in Honolulu so you can see how the ultra-rich and famous live. Still, the allowance draws attention to longstanding criticism that regulations defining affordable housing in Hawaii are out of whack., These formulas get to be so crazy that they get to be above market price, said Kenna StormoGipson, an analyst with a Hawaii Appleseed Center for Law and Economic Justice project called the Hawaii Budget and Policy Center. The infinity pool and outdoor covered lanai are completed by a poolside barbecue and entertaining area. Brokers. Extensively renovated in 2017, the home includes soaring 20-foot ceilings in the living room and disappearing glass doors that open to the pool, yard and ocean. Keep your eye on this property! 3 spot even though it sits in the middle of acres of black lava rock in Kona; the luxury subdivision and golf course that will eventually surround it have yet to be built. For example, with dwelling coverage of $200,000, the average rate is $2,233, while the cost of a homeowners insurance . *Want more? Get instant access to all of our 10,000+ Hawaii listings. More of those buyers are having to come to Oahu because theres no inventory on the Big Island, but we have the inventory, she says. Hawaii County might take a page from Honolulu's playbook and tack an extra property tax on multi-million dollar residences. Oahu has some famously expensive neighborhoods, such as Kahala, Portlock and Lanikai, but they dont appear in the top 10 spots on our list. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The No. For example, 52.89% of owner-occupied homes are valued at $1 million or more in San Jose, Calif., making it the only one of the nation's 50 largest metros where a majority of owner-occupied homes are worth at least $1 million. In 2015, only 14.4% of homes were valued at $1 million or more, compared to 44.4% in 2021. The Bay is surrounded by what seems to be hand-chiseled emerald mountains, flowing white waterfalls, and a resort-free environment. Lifestyle, This modern 1.43-acre oceanfront estate claims 185 linear feet of beach frontage and includes a tennis court, pool and Jacuzzi lush set among lush tropical landscaping. This Vladimir Ossipoff-designed home is best known as the long-time residence of socialite Clare Boothe Luce, wife of noted magazine publisher Henry R. Luce. js.src = '//cdn4.wibbitz.com/static.js'; With 11,076 square feet, 8 bedrooms and 9 and a half bathrooms, this is an unmatchable piece of beachfront real estate in Kapalua is located on almost a full acre. Kauai, Tasteful interior design by Hawaiis top designer, Large lanais and seamless indoor/outdoor living, 5,100 sqft. This Hawaii Kai home, situated in the Triangle neighborhood (adjacent to prestigous Portlock), offers many special touches, including sandstone wall relief features, professional-grade home theater with reclining leather seating for eight, a seperate ohana cottage, water features and many home automation features (including lighting, doors and fans). Your email address will not be published. Honolulu, HI 96813
5403 Kalanianaole Highway, Honolulu|MLS #:201628812. These restaurants and cafs hold themselves to a higher eco-standard that make deciding where to eat for ocean-minded people an easy decision. 5949 Kalanianaole Highway, D, Honolulu|MLS #:201623396. Seven of the 25 most expensive homes in the state are located within one of the three divisions of this Kona Coast oasis. Compare your rate to the Hawaii and U.S. average. 4 Bed | 6.5 Bath. Posted on October 31, 2018 This diamond of a property belongs to Bandel and Paula Carano. Its owned by George R. Roberts, the co-founder of a global leveraged buyout firm called Kohlberg Kravis Roberts & Co. (For an idea of how the business works, check out the 1990 book, later made into a movie, detailing his firms leveraged buyout of RJR Nabisco, entitled Barbarians at the Gate.) Interested? Spend your days in the sunshine and your nights listening to the ocean waves crash the foundation of this $7,995,000 home that sits on the water's edge. 1118 Ala Moana Boulevard, GPH 35, Honolulu|MLS #:201629077. Copyright 2023 HiCentral MLS, Ltd Buyouts have been good for Roberts: Forbes ranked him No. Enjoy this free story! Luxury Home for Sale in Hawaii: Fantastic value for this outstanding rare perfectly remodeled ground-floor 2 bedroom, 2 bath unit with a comfortable easy living lifestyle and garden view. It belongs to Carol Ann Bartz, the president and CEO of Internet service company Yahoo! As of October 2018, I present the 10 most expensive residential homes for sale on Kauai. Of course, you'd surely want to spend all of your time outside soaking up both the sun and the view. Price: $20.9 million. We have received your inquiry and will be contacting you shortly. The New York City metropolitan area where an apartment . Information is deemed reliable but not guaranteed. If you're interested in becoming a Hawaii homeowner, we encourage you to begin our smooth and secure application process. of living space, Designed after the iconic St. Regis Hotel, Sand-bottom spa and a man-made sandy beach for the keiki (kids), 15-acre compound spanning an ocean bluff on Kauais North Shore, The licensed vacation rental can be yours for a nightly basis averaging $8,000, Inspired by Balinese architecture, the main house is composed of 4 pavilions, each connected by covered breezeways, Private walking path down to Secret Beach, Main house +10,000-Sqft. new construction listings and access our free white papers and buyer guides. We're able to accomplish this . Are you interested in a real estate career in Hawaii? Our median home price is over $1 Million and as local real estate investors, we are looking for ways to keep houses affordable. Hey, it doesn't hurt to dream, right? Developers in Kakaako, however, also may deliver affordable housing under HHFDC rules if they produce a greater share of below-market homes. Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure. If this Kahala Avenue compound looks like a beachside motel, well, it kind of is. Seventy-eight Hawai'i sales closed in that stratosphere in 2021, more than three times the number that sold in 2020. Currently, there are three oceanfront homes in Kailua Kona for under $1 million. Sellers, Land, What should the owners of a family business consider when dividing shares of stock among their children? Deepak Neupane, HCDA executive director, said the agency tries to ensure that below-market home prices are affordable to households that qualify for interest rates above published averages because many people dont qualify for the average rate. The owner is yet another investment banker: Paul Stephens, the chairman and a partner of Stephens Investment Management, and the co-founder and managing director of RS Investments, a San Francisco-based management group that manages more than $7 billion in assets. So when it comes to purchasing beachfront real estate on Maui, make sure you work with our team of talented agents so we can get you into your dream home as soon as possible. What is Todd Rundgrens property worth on Wailapa Drive? Whether youre checking out Wailea, Makena, Kihei, Maalaea, Kaanapali, Kapalua, or Lahaina, each destination location is near some of the worlds best luxury resorts, world-class golf courses, plenty of fine dining, and high-end shopping, so youre never far from all the island excitement. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. (function(d, s, id) { Locations, LLC may only show properties marked "Active" and "ACS". Thank you! The second most expensive single-family home on our list is also located in the Beachside neighborhood of Kailua and runs from the avenue to the ocean. Disclaimer: The properties we may show you may be Locations LLC listings or listings of
Copyright 2023 REALTORS Association of Maui, Inc. All Rights Reserved Anini Kai this North Shores Hollywood-esque estate overlooks Anini Beach and the mountains surrounding Hanalei. The property also includes a seperate caretaker's suite with kitchen. Boulder's gap between the percentage of million-dollar homes and the number of households that may be able to afford them is particularly interesting given recent increases in home values. New Jersey). Mahalo for supporting Honolulu Star-Advertiser. Share this property by completing the the form below. StormoGipson is referring largely to guidelines of the Hawaii Housing Finance and Development Corp., a state agency that helps private developers produce affordable housing. An average of only 5.36% of the owner-occupied homes in the nation's 50 most expensive towns are valued at $1 million or more. Pool, For a buyer of a $2 million home, this means that they would pay $47,200 less in property taxes if they bought a home in Hawaii compared with Illinois. Designed in 1964 by renowned Hawaii archtect Vladimir Ossipoff the home is reminiscent of old Hawaii but upgraded with modern amenities, including an open floor plan and pool. If you've been dreaming of moving to Hawaii, then you might want to make sure that you have a big enough budget. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Dave Minkus - (808) 437-8500. This one is really well done. Of course, those are just two examples of the kinds of stunning homes in Hawaii that would cost you a fortune. The dollar volume of $1.1 billion was 158% more than the year before, according to the Compass report. The home offers almost 5,000 square feet of space. Please switch to a supported browser or download one of our Mobile Apps. It's a primal human urge to live by the water, where the endlessly changing vistas of clouds and sky, sea, lake, and river enhance the rhythms of daily life. This is one of the few properties on our list that sold for less than its assessed value. Dreamy waterfront property Zillow This island is home to some stunning natural beauty that will make your jaw drop! The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. At least eight homes on the North Shore of Kauai each sold for more than $20 million. You have already registered using your FB account. The publicly traded SalesForce has been lauded as one of BusinessWeeks Top 100 Most Innovative Companies. Zillow, Inc. holds real estate brokerage licenses in multiple states. Here, the land definitely outweighs the house. Avoid headaches with our guide. 3215 Diamond Head Road, Honolulu|MLS #:201709585. The resolution, which asked HHFDC to report the results of an analysis to the Legislature before this years session, did not get a hearing and was not adopted. Palm Beach, Florida, was third with 203 sales. In Oklahoma, only 0.9% are valued at $1 million or more but 5%. It's got spacious,. Neupane said a below-market condo with two bedrooms produced in Kakaako under HCDA rules today under current rules would probably sell for around $500,000 when accounting for buyer conditions, maintenance fees, taxes and insurance. A two-bedroom home that costs $1 million technically can be defined as affordable for some households eligible for government-subsidized housing. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. $1.85 Million Homes in Massachusetts, Hawaii and Georgia An 1880 house in Provincetown, an off-the-grid home on the Big Island and a five-bedroom estate with two guesthouses in Rabun Gap.. Originally built by former Kahala Hilton owner William Weinberg in 1988, the single-story Kahala home has the best of everything: it even had an underground gasoline tank installed in the front. Check with the applicable school district prior to making a decision based on these boundaries. Think of it this way: This 17,408-square-foot interior is almost half an acre of house. Last year at the state Legislature, then-Sen. Laura Thielen and Sens. Just two lots down from Michael Dells sprawling Kukio estate is another multi-structure compound, this one belonging to David L. Anderson, the managing director of Sutter Hill Ventures. 7. Privacy Policy. This house looks out onto Kukios South Pond, and then onto the ocean. It is home to the historic Kilauea Lighthouse, National Wildlife Refuge, and Kilauea Lighthouse Village the North Shores newest commercial development in over 40 years. CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM. For example, a $1.6 million-dollar listing in Los Angeles would not be considered a luxury home. Arguably the Most Beautiful Beach in Hawaii, Hanalei Bay boats a 2-mile stretch of White Sand and 3 Beach parks. In most cases, the property details are also based on publicly available city and county data. If you want to own one of Hawaiis top homes, it helps to be in computers or investment banking. Short has been reported to be an extremely private person; hes managed to stay largely out of the spotlight as the president of Lone Star Funds, a global investment firm that manages private equity funds worth $24 billion, but not as owner of Sunderland A.F.C., a soccer team in England. Who needs to swim in the ocean when youve got a pool this gargantuan? 1. This is currently the most expensive home for sale in the esteemed Kukuiula community. Send a message and we'll respond shortly. Youll have access to thousands of homes for sale that are currently on the market. (Although when we flew over the property, the pond was all but empty. Furthermore, HHFDC rules allow households earning as much as 140% of the median income to qualify for subsidized housing. This quiet retreat offers: Haena is the last community before reaching Kee Beach where lies the end of the road and Na Pali Coast trail. One note: We restricted this list to single parcels as defined by the county tax offices. In addition to the main 4-bedroom, 4.5-bathroom residence, the property also includes a 3-bedroom, 3.5-bathroom guest residence and outdoor entertainment pavilion with poolside bar, kitchen and spa bathroom. The most expensive single-family home currently for sale on Oahu sits on 2 acres of enviable oceanfront land fronting Kailua Bay in the Beachside neighborhood. Initial market-price homes at Koa Ridge range from the high $800,000s to $1 million. Its owned by H25A LLC, which has its Los Angeles office at the same address as Oaktree Capital Management, chaired by Howard Marks. Kukio is a relatively recent development, an even more exclusive successor to the already spectacular Hualalai resort, next door, but it already figures prominently on this list. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Under current guidelines, a family of four in Honolulu earning 140% of the median income can qualify for subsidized housing priced as high as $1,026,800. If you wish to report an issue or seek an accommodation, please let us know. For $2 million dollars you can become a homeowner in one of Mauis most sought-after locations, 30 Lewa Lani Place. Its summertime and that means a prime time to look into buying a home on the beautiful island of Maui. We assembled a similar list in 2005, limited to the City and County of Honolulu. The most expensive home currently for sale on Oahu sits atop 36-floor luxury high-rise condo building, Waiea ("water of life") in the booming Kakaako neighborhood. Some 176,243 cost at least $1 million out of 372,659 in the city, where the median home value was $968,800 according to the study, which used the census' 2019 American Community Survey with. . Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! A stunning manor in Oswego, IL See this Million Dollar Listing Listed by Redfin Agent Wendy Szostak 5 Bed, 6.5 Bath, 11,000 Sq. This Hawaiian home may cost $4,495,000, but it's surely worth every penny. Expanding the scope to all of Hawaii has raised the stakes considerably: While the top property in 2005 was assessed at $15.2 million, that number wouldnt even get you on the bottom rung of this years list. Nationwide, a record 8.2% of U.S. homes (6 million) were valued at $1 million or more in February, according to a new report from real estate brokerage Redfin. Zillow, Inc. holds real estate brokerage licenses in multiple states. LAURA RUMINSKI/West Hawaii Today A luxury home on the beach at Kukio. When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. Aloha Hawaii community !! Michael G. McCafferys $3-million house sits alone out on a point in Makena, surrounded on three sides by ocean. Offering three bedrooms, two bathrooms, and an open concept modern design, this stunning home that boasts a view of the nearby valley hit the market for $1,888,000. At $27.5 million, a compound with four bedrooms and 4.5 baths on 1.8 acres. 87-3163 Hawaii Belt Rd is a house currently priced at $895,000. Featured properties may or may not be listed by the office/agent presenting this brochure. In San Francisco, another tech hub, more than 36 percent of homes were valued at $1 million or more, with a median value of $840,600. This stunning property, though, sits all by itself on the point of Hualalai, with a panoramic ocean view. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. About the Show. ft. central . On JamesEdition you can find luxury homes in Australia of any size between 1 and 9 bedrooms with an average of 321 in size. Charles Kip Thieriot, now retired, is a member of the prestigious family that founded and ran the San Francisco Chronicle, and was himself the president of Western Communications. The Top-25 Club turns out to be a whos who of tech CEOs, venture capitalists and other financial-service barons, almost all from out of state. The dollar amount listed for each house is the countys most recent assessment of its value, for tax purposes. The 4,375-square-foot home built in 1929 comes with six bedrooms and five bathrooms, as well as a sunroom, elevator, finished basement and office, according to listing photos. Indeed, the "art farm" is unlike anything you've ever seen before. A year after shelling out $8 million for a vacation home on the Hawaii island of Kauai, the guitarist has closed on a larger property nearby for $20.5 . Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2023-03-04 06:12:05 PST. Listing provided by Hicentral MLS $23,000,000 6 bds 6 ba 4,947 sqft What is LocationsHawaii.com? 19A new study shows U.S. coral reefs provide $1.8 billion in flood-risk benefits to property owners and people's livelihoods every year, with top value assigned to the reef stretching offshore of Diamond Head, Waikiki and Kakaako. That's up from 4.8% (3.5 million . Note: Honolulu Board of REALTORS receives inquiries seeking professional advice; however the Honolulu Board of REALTORS staff is not qualified, nor licensed, by the state of Hawaii to properly address real estate or legal issues. 4408 Lawai Rd, Koloa, Hawaii MLS #664853 View Listing $24,000,000 Active 4 Beds 4 Baths 0.52 Acres 3,706 ft Residential 4421 Malolo Rd, Hanalei, Hawaii MLS #666820 View Listing $15,000,000 Active 4 Beds 4 Baths 0.8 Acres 3,706 ft Residential 4914 Lawai Rd, Poipu, Hawaii MLS #664619 View Listing REDUCED 6% $14,500,000 Active 3 Beds 3 Baths of indoor/outdoor living, 9 acres of property the most land area offered in Haena in 9 years, 100s of beachfront footage on Tunnels Beach. This huge, 5-acre estate is the farthest north of all our Kona Coast propertiesits on the edge of the Mauna Kea Resort, next door to the old Lurline Roth estate. Pictured here are homes under construction earlier this month. The property is mainly used by owner Konami Corp., the Tokyo-based developer of videogame software, for company get-togethers. This estate may cost $19.5 million, but that price includes two homes on one incredible property. 87-3163 Hawaii Belt Rd is a 1,024 square foot house on a 5 acre lot with 1 bedroom and 1 bathroom. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. This Wailea house, the most expensive residential property on Maui, and one of three houses on our list within a 2-mile stretch of coastline, is owned by Thom Weisel, a financier who founded the San Francisco-based investment banking firm Thomas Weisel Partners Group. Property highlights: Nestled on Kauais South Shore in the pristine Kukuiula Community lies a breathtaking setting with a wealth of resort amenities. Shown are a pair of renovated 3-bedroom units in the Kuapa Isle townhome complex in Hawaii Kai that recently sold for $1 million. stoke city players weekly wages; battle of bataan casualties; mission hills country club membership cost; tica friendly hotels san jose; . It also has private stairs to the beach, gated entry, two oceanfront master suites with private lanais, a media room, spa and lush tropical landscaping. Kapalua Beachfront Home for Sale. Perry says some ultra-high-end buyers who may have looked at the Neighbor Islands in the past are now checking Oahu. Information is deemed reliable but not guaranteed. Read my blog about the Kilauea Real Estate Market. This elegant multi-level contemporary oceanfront home located near Doris Duke's famed Shangri La Estate boasts some of Honolulu's finest views of an azure cove, coconut-lined white sand beaches, surf, sunsets and, of course, Diamond Head. DMCA Notice. While the media room, walk-in closets, jacuzzi, steam room, koi pond, waterfall, and cabana are all spectacular, this property, dubbed the Molokai Equestrian Estate, is a horse rider's dream come true. This figure is then adjusted in a way that results in Honolulus median income being defined by family size, including $88,200 for a single person and $125,900 for a family of four. It contains a link to reset your password. Listing provided by Hicentral MLS $23,000,000 5 bds 7 ba 8,795 sqft - Active 38 days on Zillow 4679B Kahala Ave, Honolulu, HI 96816 HAWAII LIFE. Operating farm coconuts, citrus, extensive orchards, and exotic palms. Please be nice. The Maui Luxury Real Estate Team features beachfront properties all over the island that are uniquely designed and decorated to meet your high-end tastes. The second-most expensive home on the market is also a penthouse in the Waiea building. Its known as the Raptor Residence, but the man behind this luxurious oceanfront estate is Michael Dell, the founder and CEO of Dell Inc. It typically takes more than $1 million to buy a lavish home on Oahu, yet this rather hefty sum can be considered the price for affordable housing in Honolulu under a state guideline. Ft. 2336 Beckwith St, Honolulu, HI 96822. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. other brokerage firms. Sarofim, an Egyptian-born money manager who is known as the Sphinx, bought the house in 1999 for $15 million, and has since made extensive renovations to the aging Kahala Avenue property. Copyright 2016, Hawaii Information Service. For more information, visit 1600 Asylum Ave.'s real estate listing. Popular locations in Australia that also could be worth exploring are Sydney, Mosman, Strathfield, Brisbane City and Glenorie. The home's great room boasts inspiring ocean views. Complete with two master suites, 6 guest rooms, media room, library, office, pool, three-car garage, and more whats not to love about this luxury Maui property listing? Their guidelines clearly need revamping.. Mentioned among Forbes' list of "Incredible Mansions," Hi'ilani ("In the Arms of Heaven") is a one-of-a-kind, 19th-century French-inspired estate designed to capture jaw-dropping ocean and sunset views. the Saudi governmentAKA the . Your next dream home may just be a click away. If youre getting married on Kauai, contact me and I can point you in all the right directions! Here are some comparable home values that earn a luxury designation: $1.6M United States; $2.1M Worldwide; $4.0M in Los Angeles; What counts as a luxury home varies regionally here in Southern California, too. The highest price recorded for one property in Hawaii last year was $45 million for a beachfront home on Maui, one of the highest prices ever for a home in the Islands. Estates, Of course, there's also an outdoor space with a pool and meticulously manicured lawn. She notes several homes currently in escrow on Oahu: two oceanfront estates on Diamond Head Road listed for $19.85 million and $17.97 million, and an oceanfront estate on Khala Avenue listed for $18.3 million. Waiea represents a new level of luxury in Hawaii and is the flagship building of Honolulus most distinguished urban neighborhood, Ward Village in Kakaako. Genshiro Kawamoto, a Japanese billionaire in his eighties, owns 27 multi-million-dollar mansions over a 1.5-mile stretch of Kahala Avenue, an oceanside stretch of road that the New York Times called the " Beverly Hills of Oahu .".
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