On the other side of the Waialae Country Club, there’s an area of large homes along and near the ocean (well, really, most would call these mansions, from small to extremely large). A few also front the golf course.
Here’s one of those we walk past on some of our early morning outings. It’s a 7,000 square foot, two-story house with six bedrooms and six baths, and a swimming pool, along the 7th hole at Waialae. It appears to be mostly unoccupied. In the two years we’ve walked through the area, we have perhaps seen evidence of anyone staying there once or twice, for only a few days at most. Usually the yard crew would be the only people to be seen.
City real property records show that the building is currently assessed for tax purposes at $1,805,000. The 13,000+ square foot lot is appraised at another $3,001,300. The annual real property tax is $38,756.70, according to city records.
Well, a couple of weeks ago construction fences went up to block dust, and a demolition crew moved in. The $1.8 million structure, pool, and landscaping are now history.
The property was purchased in 2004 by Up-Front Group Co. Ltd., a Japanese entertainment company. The owners have now applied for a building permit for a new structure they value at $1.8 million.
The permit doesn’t say much about the new building.
I suppose this is all good news for the local companies that benefit from the construction. It will create jobs, at least in the short run. And the tax revenue certainly adds to city coffers.
Nearby, along the beach, is a string of perhaps a dozen mansions. All also empty nearly all of the time.
It’s hard to comprehend how much corporate or personal wealth is tied up in these chunks of island real estate without providing housing for anyone.
All I can do is shake my head in wonder. And share the thought here.



