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

177 Properties
Page 1 of 15
$1,800,000
Condo: Trump Tower Waikiki
1
Beds
2
Baths
1,128
Sq.Ft.
2009
Year Built
2
Days on Site
202200970
MLS
This Den space was renovated and added slide doors. It is also renting out as a hotel room! Enjoy luxury living at the 5 star Trump Tower Waikiki Hotel/Condo! This 1 bedroom plus Den unit comes fully...
2
Beds
2
Baths
832
Sq.Ft.
2021
Year Built
2
Days on Site
202129811
MLS
Brand New never occupied 2 bedroom/2 bathroom/2 parking in A'ali'i with beautiful views from every room. Conveniently located in Ward Village within walking distance to Whole foods, Ward Theater,...
$4,295,000
Subdivision: Lanikai
4
Beds
4
Baths
2,207
Sq.Ft.
2005
Year Built
2
Days on Site
202200734
MLS
Incomparable modern hillside home with a unique combination of panoramic views and close proximity to Lanikai Beach.
From the beach level entry, the elevator provides an effortless trip to the...
$2,495,000
Subdivision: Niu Beach
4
Beds
3
Baths
2,136
Sq.Ft.
2018
Year Built
2
Days on Site
202200190
MLS
NIU BEACH PENINSULA. Here is your opportunity to own an almost new home. This is a single-level home with 9ft ceilings throughout the entire house and split ac in each room. Spacious open floor plan...
$1,419,000
Condo: Azure Ala Moana
2
Beds
2
Baths
972
Sq.Ft.
2021
Year Built
3
Days on Site
202201140
MLS
Beautiful Azure Ala Moana Condo Unit- 2 Bed 2 Bath & 2 Covered Pkgs with lanai and storage locker. Facing Diamond Head & Ocean Views. Interior design featured by award winning luxury interior...
Open 1/23
2716 Pali Highway Honolulu, HI 96817
$2,180,000
Subdivision: Nuuanu Area
7
Beds
3F11/2
Baths
3,849
Sq.Ft.
2021
Year Built
4
Days on Site
202201027
MLS
Gorgeous Brand New Home in lower Nuuanu on Pali drive! Luxury property, Pali Privilege, set back from Highway, for quiet and privacy! Surrounded by Embassies and Churches. Exclusive Residential...
2
Beds
2
Baths
867
Sq.Ft.
2018
Year Built
4
Days on Site
202200862
MLS
Immaculate 2 bedroom, 2 bath corner-end residence with sweeping views! Best priced 2 bedroom in this beautiful, luxury building and one of the best values in Ward Village. Wide-open, functional...
$3,530,000
Condo: The Ritz-Carlton Residences - 383 Kalaimoku
3
Beds
3
Baths
1,603
Sq.Ft.
2014
Year Built
5
Days on Site
202200988
MLS
Reward yourself! This suite is most competitively priced amongst 3B/3Ba suites at the newest luxury condo, The Ritz-Carlton Residences, Waikiki. Most desired stack in the preferred tower, fully...
$1,350,000
Condo: Azure Ala Moana
2
Beds
2
Baths
920
Sq.Ft.
2021
Year Built
5
Days on Site
202200708
MLS
Enjoy Ala Moana Midtown living & urban lifestyle. Brand New conditions 2BR 2BA high floor unit with open air lanai & amazing ocean view. Azure Ala Moan has gorgeous resort-style amenities including...
Open 1/22
888 Kapiolani Boulevard #2003 Honolulu, HI 96813
$1,385,000
Condo: Symphony Honolulu
2
Beds
2
Baths
1,142
Sq.Ft.
2016
Year Built
5
Days on Site
202130058
MLS
Rarely available 2/2/2 corner end unit in the luxurious Symphony Honolulu! Breathtaking and panoramic views of the ocean, Diamond Head, mountain, and city from your floor to ceiling windows in every...
2
Beds
2
Baths
909
Sq.Ft.
2016
Year Built
5
Days on Site
202201029
MLS
Welcome home to The Collection! This beautifully maintained 2-bedroom home boasts Diamond Head, Ocean, and City Views and comes with its own private storage. Located on Ala Moana Blvd, right across...
$5,295,000
Subdivision: Lanikai
6
Beds
5
Baths
4,374
Sq.Ft.
2002
Year Built
5
Days on Site
202200806
MLS
Perfectly situated on the hillside overlooking Lanikai Beach, this gorgeous villa features unparalleled panoramic ocean and Mokulua Island views, coupled with easy beach access and seamless interior...

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