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.

Sign up and learn about Oahu Vacation homes in our newsletter!

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.

Looking to buy a second home in Hawaii? Check out our services!

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

239 Properties
Page 1 of 20
1
Beds
1
Baths
739
Sq.Ft.
2021
Year Built
1
Day on Site
202225194
MLS
Ko'ula at Ward Village is first project on Victoria Ward Park and was designed by globally celebrated architect Jeanne Gang and the award winning design firm Yabu Pushelberg, is an example of...
$1,180,000
Condo: Allure Waikiki
3
Beds
2
Baths
1,419
Sq.Ft.
2009
Year Built
1
Day on Site
202224932
MLS
Unbelievably great price for a rare 3 beds unit at $1,180,000 in a 2009 built luxury resort-style building!
Incredible prominent location: On the edge of Waikiki with convention center and Ala...
2
Beds
2
Baths
1,162
Sq.Ft.
2006
Year Built
3
Days on Site
202225105
MLS
"Koolani" High Floor Two bed, Two bath unit. Ocean View from living, Master and Guest bed rooms. Kitchen Range has Gas Top Burner. New Refrigerator installed.
The unit parking is located...
$29,420,000
Neighborhood: Beachside
8
Beds
10F11/2
Baths
8,178
Sq.Ft.
2012
Year Built
3
Days on Site
202225156
MLS
No description available...
$5,500,000
Condo: Waiea - 1118 Ala Moana
3
Beds
3F11/2
Baths
2,377
Sq.Ft.
2016
Year Built
3
Days on Site
202225137
MLS
Waiea, the luxurious flagship building in the heart of vibrant Kakaako with close proximity to Waikiki. This three bedroom, three-and-one-half bath condo features second-to-none finishes and details....
3
Beds
2
Baths
1,253
Sq.Ft.
2008
Year Built
3
Days on Site
202224675
MLS
Aloha and Welcome Home! Start creating beautiful memories in this rarely available 3 BR, 2 BA corner unit in Capitol Place. Top of the line renovations in 2018 and meticulously maintained and cared...
$1,250,000
Condo: The Watermark
2
Beds
2
Baths
1,081
Sq.Ft.
2008
Year Built
6
Days on Site
202224910
MLS
"The Watermark" Luxury condo is in the heart of Waikiki and Ala Moana beach, Magic Island, Park, and Shopping center. Resort-style amenities include a
recreation deck with a heated saltwater...
$3,600,000
Condo: The Ritz-Carlton Residences Twr 2 - 383 Kalaimoku
3
Beds
3
Baths
1,601
Sq.Ft.
2018
Year Built
7
Days on Site
202224762
MLS
The most prestigious neighborhood, Waikiki Beach, The Ritz-Carlton infuses the amenities and services of a five-star resort with local touches. View of Waikiki and the pacific ocean, specious and...
2
Beds
2
Baths
867
Sq.Ft.
2018
Year Built
7
Days on Site
202224817
MLS
Welcome to the Ae o that is located in Kakaako at the Ward Village community. Neighborhood provides unique local retailers, world class retail and restaurants, movie theaters, Whole Foods, and so...
2
Beds
2
Baths
826
Sq.Ft.
2021
Year Built
7
Days on Site
202224891
MLS
'A'ali'i, new building completed in 2021 and located in the heart of vibrant Kaka'ako/Ward Village, with close proximity to Waikiki. This turn-key two bedroom, two bathroom condo comes with two...
$3,850,000
Neighborhood: Napali Haweo
5
Beds
5F11/2
Baths
5,155
Sq.Ft.
2022
Year Built
8
Days on Site
202224659
MLS
A commanding crystal chandelier floating from a sky-high ceiling sets an elegant foyer in this magnificent mini-mansion. The kitchen showcases a European flair, complete w/a waterfall island. Warm up...
3
Beds
3F11/2
Baths
2,755
Sq.Ft.
2016
Year Built
8
Days on Site
202224234
MLS
This rarely available, high 7th floor Sky Residence at Park Lane Ala Moana, Honolulu s preeminent luxury residential property represents a single-family home experience in the sky! This turnkey...

Discussion

#1 By Luxury Residence Honolulu at 8/2/2022 -2:39 PM

Deciding between a luxury house or condo is tough, but this article is great for weighing each option. Thanks for sharing!

Post a Comment