Most Expensive Zip Codes: 96816, Estate of the Day

by Deidre Woollard (RSS feed)
Apr 17th 2008 at 1:02PM

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 96816 . This zip code is the only one we will feature outside of the continental 48 states, it is located in Honolulu, Hawaii. This particular area with plenty of waterfront property has a median price of $2,090,000 and an appreciation rate of 250% since 1990.

Hawaii is an expensive place to live but views like the ones from this home are part of the reason people are willing to spend the money. Today's home is in the Kahala neighborhood which we have covered before in estate of the days because it is a particularly lovely place to live. This home is a 2004 restoration and remodel of a past celebrity-owned residence. The home has prized Koa wood trim and Ohia flooring and a dramatic rock fireplace. The most alluring part of this home are the glass walls facing the dramatic ocean vistas. The home has only two bedrooms but over 4,000 square feet of space including one of the most fantastic views from a bathtub I have ever seen. This home is listed at $10.8 million.

Gallery: Most Expensive Zip Codes, 96816, Honolulu, HI