Buying a Luxury House Vs. Luxury Condo

Purchasing a luxury house or property is a big decision. Another decision that might be weighing heavily is the difference between a condo or a single-family home. If you're looking to downsize or just change your lifestyle, there's quite a bit of difference between a house and a condo purchase.

If you can't decide between the two, here are some of the biggest differences between a luxury house versus a luxury condo.

Pros and cons to purchasing a luxury house

Advantages of a house

Houses might be ideal for growing families, couples, or individuals that value privacy and space. However, there are higher maintenance costs and upkeep to a house versus a condo.

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Here are some of the advantages of owning a luxury house versus a condo.

  • You own the land.
  • Less obstructed views.
  • More privacy.
  • Quieter.
  • Potentially more character.
  • Possibly better resale value.

Diamond Head Kahala Home Interior

Disadvantages to a house

  • Additional landscape or yard maintenance
  • More home maintenance costs and upkeep
  • Potentially higher property taxes
  • Possibly homeowner association dues
  • Higher home insurance costs

While these are general guidelines, they may vary if the home is in a Homeowners Association. Homeowners assocations can pass restrictions on the property and land, up to and including rules on how the property is bought and sold. HOA rules can vary from extremely strict to existing purely on paper, so it's important to read the paperwork before buying.

If you're looking at purchasing a luxury condo there are also pros and cons to this type of real estate as well.

Related: Should you buy a house before moving to Oahu?

Advantages of a condo

Condos, like homes, can come in a wide range of options. In general, purchasing a condo is the low maintenance, turnkey option. Condos In Hawaii are usually in high-rise buildings and range from ultra-luxury penthouses like those in Waiea to studio units in Ae'o, a high-rise tower with Whole Foods incorporated into the base.

  • Low maintenance
  • Turnkey solution
  • Potential amenities
  • More socialization opportunities
  • Potentially closer to the city
  • Higher security

Victoria Place Living Room

Disadvantages of a condo

  • Smaller spaces
  • Shared facilities
  • Less privacy
  • Monthly dues
  • Condo association restrictions and rules
  • Shared walls, floors, and/or ceilings

When you choose a condominium you will definitely have additional condo association fees. These fees cover items such as building maintenance, management, and any amenities. Instead of paying the money to do the maintenance yourself, you're making monthly payments for the Association to handle all of the maintenance. It's a great low-maintenance lifestyle but it's a trade-off with association dues.

Depending on what you choose, pricing can be all over the board. You can buy a beautiful penthouse condominium for the same price as a moderately priced single-family home depending on the location and amenities.

More: A Handy Guide to 2021 Cost of Living in Hawaii

Condominiums make a great purchase for those downsizing, retirees, those just getting into the real estate market and would like to build up some equity for a single-family home later on, and for those that simply want the low maintenance lifestyle. Amenities may include swimming pools, dog parks, tennis courts, fitness centers, and other resort-style perks.

Victoria Place Tower Mockup

However, the luxury house does give you the freedom to do just about whatever you want, if you're not in a HOA. In these cases, you do have to maintain the home your self, or find someone to manage the maintenance.

Related:  How to Buy a Condo in an Area When You Don't Live There

Regardless, there are beautiful luxury condos and homes throughout Oahu. If you'd like a list of both, contact me below. I can offer tips and suggestions on different condo buildings throughout Oahu as well as luxury neighborhoods and communities that might offer the ideal home for your needs and your budget.

Start browsing condos and houses below to get a sense of the type of properties available on Oahu or contact us at any time for a customize list of properties that fit your search criteria. 

Search the Newest Luxury Condos for Sale and Luxury Homes for Sale on Oahu

179 Properties
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3
Beds
2
Baths
1,206
Sq.Ft.
2007
Year Built
2
Days on Site
202212709
MLS
No description available...
$4,499,500
Neighborhood: Govt/Ag
4
Beds
5F11/2
Baths
8,816
Sq.Ft.
2012
Year Built
3
Days on Site
202212822
MLS
Breathtaking Contemporary Steel Construction to last for generations... Priced below replacement costs! ONE OF A KIND IN HAWAII. Opportunity to create your own "Park Like" property for your family...
3
Beds
2
Baths
1,227
Sq.Ft.
2015
Year Built
3
Days on Site
202210879
MLS
RARELY AVAILABLE 3 Bed, 2 Bath HIGH FLOOR CORNER UNIT at the luxurious Waihonua located in the heart of Kakaako. Fantastic ocean, mountain and night time city views from the floor-to-ceiling glass...
3
Beds
3
Baths
1,327
Sq.Ft.
2018
Year Built
3
Days on Site
202212570
MLS
Beautiful and rarely available corner 3 bedroom/3bathroom on high floor! Enjoy corner views of Ocean, City! In the heart of most epic "Kakaako" neighborhood, walk to the Beach, Restaurants, Shops and...
2
Beds
2
Baths
1,034
Sq.Ft.
2015
Year Built
3
Days on Site
202210875
MLS
Highly sought after 2 bed, 2 bath high floor corner/end unit in Waihonua in the heart of Kakaako, with panoramic views of Metro Honolulu and the Koolau Mountains. This unit has central air...
Open 7/10
3130 Magnolia Place Honolulu, HI 96816
$1,299,000
Neighborhood: Palolo
4
Beds
3F11/2
Baths
2,243
Sq.Ft.
2001
Year Built
3
Days on Site
202212817
MLS
Stop scrolling and close those tabs because you ve found THE ONE! This newer built home in 2001 is RENOVATED and ready for its new owners. Your 4 bed, 3.5 bath home with no shortage of square footage...
2
Beds
2
Baths
1,157
Sq.Ft.
2006
Year Built
3
Days on Site
202212838
MLS
Beautifully maintained unit with gorgeous views in the highly desirable Koolani building! This 2 bed, 2 bath, 2 parking comes with hardwood flooring, Viking kitchen appliances, a gas stove, central...
$1,150,000
Neighborhood: Makiki Area
7
Beds
4
Baths
2,182
Sq.Ft.
2007
Year Built
3
Days on Site
202212880
MLS
Calling all investors! Well maintained 7 Bedroom, 4 Bath home centrally located in Makiki! Close to major bus routes, Ala Moana, Waikiki, and UH Manoa. Fully tenanted perfect cash-flowing investment...
$4,300,000
Condo: Anaha - 1108 Auahi
3
Beds
3F11/2
Baths
2,492
Sq.Ft.
2017
Year Built
6
Days on Site
202212660
MLS
This 3bd, 3.5bath condominium has it all. Enjoy panoramic views from every room of the ocean, sunrise over Diamond Head and Waikiki on the east, mesmerizing sunsets to the west, and twinkling city...
3
Beds
3F11/2
Baths
2,788
Sq.Ft.
2016
Year Built
7
Days on Site
202210379
MLS
Welcome home to this one-of-a-kind turn-key residence in Park Lane! Park Lane #6304 is one of only nine units with a private pool, spa, yard and an attached garage. This 3-bedroom, den, 3.5-bathroom...
$1,900,000
Condo: Waiea - 1118 Ala Moana
1
Beds
2
Baths
1,139
Sq.Ft.
2016
Year Built
7
Days on Site
202212648
MLS
Beautiful and spacious 1 bedroom with 2 full bath unit in Waiea. High floor with spectacular views of the ocean, sunset and City. Spa bathroom, walk-in closet, and large
functional lanai. Fully...
$1,380,000
Condo: Symphony Honolulu
2
Beds
2
Baths
1,142
Sq.Ft.
2016
Year Built
7
Days on Site
202212446
MLS
Enjoy this BEAUTIFUL & RARELY-AVAILABLE 03 corner unit located in Symphony Honolulu! Appreciate the 270 degree view of the Ocean, Mountains, City, and Diamond Head! Open the window to allow cool...

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