As Oahu’s real estate market continues to expand, today we are profiling one of the up and coming neighborhoods in Metro Honolulu- Kaka’ako.
Condominiums and high-rises are popping up left-and-right in Kaka’ako, a neighborhood near the South shore of Oahu. Here’s more information if you are interested in living in the area:
Location: Kaka’ako is located minutes away from Blaisdell Arena, downtown Honolulu, and Ala Moana Shopping Center. Kaka’ako Waterfront Park is along the ocean, and there are many beaches nearby, including the Ala Moana and Waikiki. There are many restaurants and shops within Kaka’ako, including SALT and Ward Village.
Atmosphere: Kaka’ako has a hip, artsy feel. On nearly any street one can find large murals painted by POW! WOW! Hawai’i. There are restaurants and coffee shops aplenty. Located in metro Honolulu, it is a busy neighborhood given the area’s condensed population.
Cost: Because of the location and newer development, you will need to pay a premium to live in Kaka’ako. The area has condominiums and apartments ranging from $200,000 affordable housing studios to $5 million+ luxury condominiums.
Although living in Kaka’ako at face value seems pricy, the Hawaii Housing Finance and Development Corporation (HHFDC) has set aside affordable units for low-median income Hawaii residents who meet specific guidelines.
Summary: Kaka’ako is best for young professionals looking to be nearby to all Honolulu has to offer. The location can’t be beat with restaurants, shops, and beaches located within minutes. However, in Kaka’ako you receive location at a cost for space and price. Majority of available housing are studios, apartments, and condominiums and many of these are luxury units although there are some affordable options available.
For information on buying or refinancing a home in Hawai'i, please contact Solid Rock Home Loans at (808) 255-7498 or by e-mail at firstname.lastname@example.org.