Lanikai, the popular enclave in Kailua,  at one time commanded a premium over Beachside Kalaheo in Kailua.  Both beach frontage neighborhoods, many felt Lanikai seemed more welcoming and prestigious.  Therefore the property values in Lanikai were always higher, but the tables have turned recently.  Whether it be because Beachside Kalaheo is where President Obama vacations or that people feel it is an easier walk into Kailua town, Beachside now commands a higher price than Lanikai for the first time since I can remember.

Because of the popularity of Beachside there is a scarcity which has driven prices up much higher, thus leaving Lanikai behind  Lanikai with its picturesque beaches and close knit community is still as ever a Hawaii dream come true.  The best part now may be the fact that there are some good deals to be had in the Lanikai neighborhood.  Premium properties have been completely looked over and are now ripe for the taking.

One such property is 1134 Mokulua Drive. It is one house off of the beach with a 15 foot wide access to the ocean directly from this property.  Being off of the beach allows for better privacy for this completely remodeled 4 bedroom 3 1/2 bath home and they asking $3.199 million.  To learn more about this property click here and/or contact Malia L. Meenderman, R, our principal broker.