North Kohala is a majestic area located at the northern tip of the Big Island of Hawaii. It is home to the two small towns of Hawi and Kapa’au. Hawi is most famous for being the bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd office location of Hawaii Luxury Real Estate.
The other small town, Kapaa’u, also contains a small downtown area with assorted shops and cafes and is home to 
the original King Kamehama I Statue. A little farther south down the coast is where the gated, upscale communities of Kohala Ranch, Kohala By-the-Sea and Kohala Waterfront are located.
North Kohala contains miles of pastoral, undeveloped land, as well as a variety of beautiful homes, from small plantation homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes with large lots, as well as many acreage lots where you can build your own Hawaiian dream home. The most alluring character of the Kohala Ranch area is that virtually every home and lot features panoramic ocean views.
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At the time of this writing (Sept 1st), there were 32 homes for sale in the North Kohala area and 24 homes in escrow. In the land lot market, there are 85 lots for sale, with 12 lots in escrow. There are no condos located in North Kohala, so we have no statistics for that market segment. Of the homes for sale, the highest priced one is located at 56-3083 Paukea Bay Dr in Puakea Bay Ranch and is listed at $6,590,000. The highest priced land lot for sale is listed at $5,950,000 and is 172 acres on Pratt Rd in Kapa’au. At the other end of the spectrum, the lowest priced home on the market is located at 53-4154 Akoni Pule Hwy in Kapa’au, and is listed at the low price of $248,700, while the lowest priced lot for sale is 3 acres on Lehiwa Wy in Kohala Ranch, currently listed at $158,000.
Sales continue to be steady in North Kohala, with the Q2 time frame of April through June 2020 seeing 10 homes and 8 land lots sold. The highest priced of these homes is located at 52-4838 Akoni Pule Hwy in Kapa’au. It was listed at $2,800,000 and sold for the same amount. The highest priced land lot to sell went for $475,000 from a list price of $488,000. It is 28.2 acres located on Union Mill Rd in Kapa’au. The lowest priced home to sell in North Kohala was listed at $294,499 and sold for $293,762. It is located at 53-3884 Ihe Pl in Kapa’au, while the lowest priced lot to sell went for $143,000 from a list price of $149,000. It is a 3.14-acre lot in Kohala Ranch.
Analysis: Like most of the markets on the Big Island, sales in North Kohala were down in the second quarter, largely due to the Covid pandemic. The drop in sales was noticeably short lived in North Kohala, as there are currently 24 homes in escrow. If they all close in Q3, it will be the highest number in years. There has also been in drop in inventory levels, in both single-family homes and land. If sales continue at this pace, we will be in a low inventory market in the coming months.
If you are looking to buy or sell a home in the North Kohala area, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. You can read real estate updates of other areas on the Kohala Coast on the Market Update Page of my website.
Highlights of the North Kohala Q2 2020 Market Update
- Number of homes currently for sale – 32
- Number of homes currently in escrow – 24
- Number of land lots currently for sale – 85
- Number of land lots currently in escrow – 12
- Highest priced home currently for sale – $6,590,000 – 56-3083 Puakea Bay Dr, Puakea Bay Ranch
- Highest priced land lot currently for sale – $5,590,000 – 172 Acres, Pratt Rd, Kapa’au
- Lowest priced home currently for sale – $248,700 – 53-4154 Akoni Pule Hwy, Kapa’au
- Lowest priced land lot currently for sale – $158,000 – 3 Acres, Lehiwa Wy, Kohala Ranch
- Number of homes sold in Q2 (Apr – Jun) – 10
- Number of land lots sold in Q2 (Apr – Jun) – 8
- Highest priced home sold in Q2 – $2,800,000 52-4838 Akoni Pule Hwy, Kapa’au
- Highest priced land lot sold in Q2 – $475,000 – 28.2 Acres, Union Mill Rd, Kapa’au
- Lowest priced home sold in Q2 – $293,762 – 53-3884 Ihe Pl, Kapa’au
- Lowest priced land lot sold in Q2 – $143,000 – 3.14 Acres, Ka Nani, Kohala Ranch
If you enjoyed this update, you may like Kohala Coast Market Update for July 2020.
First published at www.ViewHawaiiLuxuryHomes.com/MarketUpdates