What $700K Gets You on the Big Island vs. Oʻahu or Maui

If you’re house hunting in Hawaii with a $700,000 budget, you’re in a unique position. While it may not stretch far in some parts of the country—or even in some parts of the state—on the Big Island, that number can still go a long way. But how does it compare to what you can get on Oʻahu or Maui? Let’s break it down.

🏝️ Big Island: Space, Views, and Potential

The Big Island offers the most value for your money in all of Hawaii. For around $700K, you can often find:

• A single-family home with ocean views
  
  
• 3–4 bedrooms, 2+ baths
  
  
• Over 1,500 sq. ft. of living space
  
  
• Landscaped yards or ½-acre lots
  
  
• Possibly even a guest house or ohana unit
  
  

In areas like Kailua-Kona, Holualoa, or Puna, you may score newer builds, off-grid homes with solar systems, or well-maintained older properties with character. It’s not uncommon to find homes with vaulted ceilings, wraparound lanais, and lush tropical surroundings. Many homes in this price range also feature STVR (short-term vacation rental) potential—perfect for hybrid use or future investment.

Bonus: You’ll likely have space for fruit trees, a garden, or even a pool.

🏙️ Oʻahu: Convenience Comes at a Cost

Oʻahu is home to Honolulu, the state’s capital and economic hub—and with it comes higher prices. For $700K, your options are more limited, especially if you want to live in town or near the beach.

Here’s what $700K typically buys:

• A 1-2 bedroom condo in Honolulu or Kakaʻako
  
  
• Under 1,000 sq. ft.
  
  
• Little to no outdoor space
  
  
• Monthly HOA fees ($500–$1,000+)
  
  

You’ll get urban convenience—walkable to shops, restaurants, and offices—but may sacrifice space, privacy, and views. Parking could be an extra cost. In the suburbs, like Ewa Beach or Mililani, you might find smaller single-family homes or townhouses, but bidding wars are common.

🌺 Maui: Boutique Island, Boutique Pricing

Maui is often considered the best of both worlds—scenic like the Big Island, more upscale than Oʻahu—but also more expensive.

At $700K, options include:

• Condos near Kihei or Lahaina
  
  
• Older 2-bedroom homes in Upcountry Maui
  
  
• Under 1,200 sq. ft., often with shared walls or tight lots
  
  

Expect to make compromises. You may need to look further inland or take on a fixer-upper to stay within budget. Short-term rental zoning is strict, so always check with a local agent.

So, Where Does Your Money Go the Furthest?

In short: the Big Island wins for space, flexibility, and long-term growth.

If your lifestyle calls for privacy, natural beauty, and room to grow (or garden), $700K on the Big Island can secure a truly special home. Oʻahu offers urban energy but tighter margins. Maui delivers island charm, but at a premium.

At Hi Homegrown Realty, we specialize in finding hidden gems and helping you stretch your budget without compromising your dream.

Thinking of buying on the Big Island?

Let’s talk about what’s possible for your price point.

👉 Contact us today to get started.