Hanalei Area Guide
Hanalei Homes, Land, Vacation Rentals For Sale
Hanalei is truly old Hawaii if you ask me. Quaint, charming, magical!
What do I like about it? A million things! There are surf board swap meets on the first Saturday of every month. Two fantastic canoe clubs that paddle out of the Hanalei river. Farmers markets at the soccer field and Waipa. A zillion world class surf breaks. Sunsets to die for. Namolokama mountain springing waterfalls out all over the place. Heck, it’s even where Puff the magic dragon lives… And there’s a pier!!
In Hanalei bay you can paddle OC6 or OC1, SUP or surf. There are swimmers and fisherman and dolphins and tiger sharks too! There’s a ton of action packed into this tiny community. Not to mention homes range from 700k to 30 million!
The Median price for a home in Hanalei is $1,021,400
Is it better to Vacation Rent or Buy in Hanalei?
If you can buy a home in Hanalei with a legit vacation rental license. DO IT. There are only a select few left and as rents rise along with property values, it will get harder and harder to own one of these investments. The county only issues the Vacation Rental licenses for a short time and whoever has one is grandfathered, but no new TVR (transient vacation rental) licenses are being issued. If you can’t afford to buy, it’s not the end of the world. There are lots of value priced condo’s just up the hill in Princeville that you CAN rent out nightly. Best part is you don’t need a license! Princeville is in the Vacation Destination Area, thus ‘no need’ for a license.
Summer Regatta Races in the bay
A video posted by Billy O’ (@gobillyo) on