If you desire an Oahu luxury homes neighborhood with a simple and relaxed notoriety, and a premium address in Kailua, look no further. 7 Kailuana Place in the Beachside neighborhood of Kailua has been put on the market for the first time in over 40 years. This Castle Point address is among the most exclusive residences on Oahu.
Kailuana Castle Point View of the Mokulua Island on a Cloudy Day
Photo (c) 2103, Yvonne Jaramillo Ahearn. All rights reserved.
At $5,500,000 this property is suprisingly well-priced for the area. The home itself, while quaint, interesting in its design to maximize the cooling tradewind breezes and ocean views, and in original condition, is not the draw and will likely be torn down. Many newer luxury homes have gone up in the area and this is one of the last original homes. Other newer homes in the area have been sold for several millions more than this.
Here is the recent sales data for the Castle Point area:
Castle Point Kailua Real Estate Sold (2010-2012)
| LandSqFt | IntSqFt | Bed/Ba | Sale Price | DOM | |
|---|---|---|---|---|---|
| 65 Kailuana Pl | 29,274 | 1,991 | 3/2 | $4,825,000 | 326 |
| 57A Kailuana Pl | 27,975 | 4,916 | 5/5.5 | $6,900,000 | 294 |
| 59 Kailuana Pl | 26,256 | 6,452 | 5/6.5 | $11,000,000 | 63 |
57A Kailuana Place. The “Winter White House.” Photo Courtesy of HICentral MLS.It is the property itself, fronting Kailua Bay, with its own small sandy beach area and spectacular views of the Mokulua Islands that commands attention. This is the original home area of Harold HK Castle, hence the name “Castle Point.” The lot includes a portion of the private drive in this exclusive gated community and frontage on the neighboring Kawainui Canal leading to the ocean, where some small boats are moored and where you often see people paddling kayaks canoes. The large, approx. 38,000 square foot property in Kailua provides plenty of room for a pool and leisure space, and could be fenced for maximum privacy. This Kailua home is the second one from the end of a very private street. This is the gated community where President Obama stays on ihs vacations. Most of the homes here are fenced with rock walls and there are fewer neighbors due to its peninsula-like setting.
Click on photo below for a slideshow, courtesy of HICentral MLS.
Qualified buyers, please contact Yvonne Jaramillo Ahearn, Esq. (B), Principal Broker/Owner, Home Shoppe Hawaii at 808-721-8088 for private showings of this spectacular Kailua real estate.