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.

Diamond Head Kahala Home Exterior

Pros and cons to purchasing a luxury house

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

  • You own the land.
  • Freedom to do whatever you want with that house and 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.

Also, if you choose a home in a homeowners association there may be restrictions on what you can actually do with your property and land. Some associations have restrictions on how you can buy and sell the property as well.

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?

Victoria Place Living Room

Advantages of a condo

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

Disadvantages of a condo

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

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. 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.

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 with a lot of amenities. 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 as long as there are no HOA restrictions or rules that must be followed. However, you do have to maintain the home your self but you usually won't have any additional association fees.

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

189 Properties
Page 1 of 16
$1,550,000
Condo: The Ritz-Carlton Residences - 383 Kalaimoku
2
Beds
2
Baths
1,142
Sq.Ft.
2016
Year Built
3
Days on Site
202124589
MLS
Enjoy luxury living at The Ritz-Carlton Residences Waikiki Beach Tower 1 Hotel/Condo! This2 Bedrooms comes fully furnished with all linens & kitchenware. Top notch amenities include infinity pool,...
Open 9/26
232 Hanakoa Place Honolulu, HI 96825
$1,650,000
Subdivision: Koko Head Terrace
6
Beds
4F11/2
Baths
3,247
Sq.Ft.
2007
Year Built
3
Days on Site
202121215
MLS
NEW LISTING, RARE FIND!! Enjoy ocean and mountain views from this beautifully maintained 6 bdrm/4.5 bath executive style residence in highly desirable Koko Head Terrace. Features include over 3,200...
2
Beds
2
Baths
1,636
Sq.Ft.
2017
Year Built
3
Days on Site
202124617
MLS
Park Lane 3303. Feel safe and secure in your unit that opens up to the famous Great Lawn. Park your vehicle and
walk directly to your home, then relax and unwind in your own spa pool on your...
$1,950,000
Condo: The Pinnacle Honolulu
2
Beds
2F11/2
Baths
2,857
Sq.Ft.
2008
Year Built
3
Days on Site
202124271
MLS
Come home to an entire floor of luxury prestigious urban living! A dramatic private foyer, complete with double door entry, greets you from a private landing which open onto an expansive corner grand...
$1,815,000
Condo: The Ritz-Carlton Residences Twr 2 - 383 Kalaimoku
2
Beds
2
Baths
1,011
Sq.Ft.
2018
Year Built
4
Days on Site
202124400
MLS
Luxurious living as defined by The Ritz-Carlton Residences Waikiki Beach with panoramic ocean and sunset views over Fort DeRussy Park. Located in Tower II, this stylishly appointed high floor 2...
$3,500,000
Subdivision: Makiki Heights
12
Beds
10
Baths
6,572
Sq.Ft.
2017
Year Built
4
Days on Site
202124509
MLS
Primary location near great schools, shopping, and all the conveniences of the city. Large 15346 sf land offers ample parking space for your private gated property. 2 detached newer homes built with...
$1,325,000
Subdivision: Kalihi Valley
8
Beds
4F21/2
Baths
3,640
Sq.Ft.
2007
Year Built
5
Days on Site
202124315
MLS
Fantastic Multi-Family home featuring a spacious kitchen, dining and living room perfect for entertaining guests on each floor. In addition each level of the home has 4 bedrooms and 2.5 bathrooms...
$6,250,000
Condo: Waiea - 1118 Ala Moana
2
Beds
2F11/2
Baths
2,623
Sq.Ft.
2016
Year Built
5
Days on Site
202121900
MLS
Come home to Waiea and enjoy sweeping ocean and mountain views from this newly completed penthouse home. This 2,710 square foot 2-bedroom / 2.5-bathroom home boasts 11 ft ceilings, Wolf and Subzero...
$4,250,000
Condo: Waiea - 1118 Ala Moana
1
Beds
1
Baths
1,177
Sq.Ft.
2016
Year Built
5
Days on Site
202121871
MLS
Come home to Waiea and enjoy sweeping ocean and harbor views from this newly completed penthouse bungalow with it s own private pool. This 2,975 square foot 1-bedroom / 1-bathroom home boasts 11 ft...
$17,500,000
Condo: Waiea - 1118 Ala Moana
3
Beds
3F11/2
Baths
4,751
Sq.Ft.
2016
Year Built
5
Days on Site
202120157
MLS
Come home to Waiea and enjoy sweeping ocean and Diamond Head views from this newly completed penthouse home. This 4,905 square foot, 3-bedroom / 3.5-bathroom home boasts 11 ft ceilings, Wolf and...
Open 9/26
510 Kuliouou Road #C Honolulu, HI 96821
$1,198,000
Subdivision: Kuliouou
5
Beds
3
Baths
1,937
Sq.Ft.
2015
Year Built
6
Days on Site
202124176
MLS
8,540 sqft of fee-simple land = 5/3 house + 2 car garage on 3,034 sqft of land + 5,506 sqft of preservation land for your exclusive use - cannot get permits to build a house there but could have an...
2
Beds
2
Baths
1,640
Sq.Ft.
2016
Year Built
6
Days on Site
202124212
MLS
Welcome to Park Lane, the epitome of luxury development in Honolulu.
This incredible building offers resort-like amenities, luxurious floor plans, gorgeous views, impeccable services, and...

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