List Price $3,750,000

TMK 1-5-9-001-029

Beds / Baths 4 bd / 2 ba

Living Area 1,498 sq ft

Land 6,744 sq ft

Zoning R-5 Residential

Lowest Tax Hawaii — Primary Residence

$12,705/yr

$1,059 / month

ClassificationResidential

Rate$3.50 / $1,000

Home Exemption−$120,000

Taxable Value$3,630,000

Second Home Hawaii — Non-Primary

$35,350/yr

$2,946 / month

ClassificationResidential A

Tier 1 (first $1M)$4,000

Tier 2 (above $1M)$31,350

Rate: Tier 1 / Tier 2$4.00 / $11.40

California Low California — 1.1% Effective

$41,250/yr

$3,438 / month

Prop 13 Base1.0%

Local Add-Ons~0.1%

Homeowner Exempt.−$7,000

Assessed at Purchase$3,750,000

California High California — 1.25% Effective

$46,875/yr

$3,906 / month

Prop 13 Base1.0%

Bonds / Mello-Roos~0.25%

Homeowner Exempt.−$7,000

Assessed at Purchase$3,750,000

Annual Tax at a Glance

Scenario	Annual Tax	Monthly	vs. CA (1.1%)
HI — Primary Residence	$12,705	$1,059	Save $28,545
HI — Second Home	$35,350	$2,946	Save $5,900
CA — Low (1.1%)	$41,250	$3,438	Baseline
CA — High (1.25%)	$46,875	$3,906	+$5,625

Bottom Line

As a primary residence, this property's annual tax is roughly $28,500–$34,000 less than a comparable California purchase. Even as a second home, Hawaii's tax is still $5,900–$11,500 lower annually than California — though the gap is much narrower due to Honolulu's tiered Residential A rates on non-owner-occupied homes above $1M.

Residential A Warning

Honolulu's Residential A classification applies automatically to any residential property without a Home Exemption — meaning second homes, investment properties, and any home where the owner does not reside 270+ days/year. The tiered rates ($4.00 + $11.40) make this nearly 3× the primary-residence rate on a $3.75M property.

How It Works — Key Differences

Hawaii reassesses annually at full market value. There is no Prop 13–style cap on assessment increases. If the property appreciates, your tax bill rises accordingly.
California's Prop 13 locks the assessed value at the purchase price and caps annual increases at 2%, regardless of actual market appreciation. Over time, this creates significant savings if the property appreciates beyond 2%/year.
Hawaii's Home Exemption requires filing with the Real Property Assessment Division by September 30 of the prior tax year. The owner must occupy the property as their primary residence for 270+ days per year.
California does not distinguish between primary and second homes for property tax rate purposes. The same Prop 13 base rate applies to both. The $7,000 homeowner exemption (saving ~$70/year) is available only for a primary residence.
Year-over-year comparison: Hawaii taxes track market value, so in a rising market they increase faster. California taxes are more predictable year to year but start higher on this property at purchase.

If Buyer Is 65+

The Honolulu Home Exemption increases from $120,000 to $160,000 for owner-occupants age 65 or older, reducing the primary-residence tax to approximately $12,565/year — a further $140 annual savings.

Sunset Area · North Shore, Oʻahu · Oceanfront Single-Family · 720 Days

Oceanfront at Sunset Beach

Nine oceanfront homes in the Sunset Area: seven closed sales from the last 720 days, plus the one active listing and one under contract as of October 19, 2026.

Overview

Seven sales, one shoreline

Closed oceanfront single-family sales in the Sunset Area from October 29, 2024 through October 19, 2026, with current inventory.

Closed sales7$34,350,000 total sold volume

Median sold price$4.8MRange $3,200,000 – $6,900,000

Median $ / sq ft$1,935Range $1,537 – $3,051, living area

Active today1Plus 1 under contract

Price against size

Select or hover a point to see the property.

Aerial view of the North Shore coastline toward Sunset Beach

Overhead view of an oceanfront yard meeting the sand

Property comparison

Side by side

Filter by status and sort any column. Medians at the foot of the table reflect the rows shown.

Price is the sold price for closed sales and the list price for active and under-contract listings. Price per square foot uses living area.

Data notes

Definitions & sources

Source. HiCentral MLS search results, Sunset Area oceanfront single-family, retrieved October 19, 2026. Information deemed reliable but not guaranteed.

Period. Closed sales from October 29, 2024 through October 19, 2026 (720 days). Active and under-contract status is as of October 19, 2026.

DOM and CDOM. Days on Market counts the final listing period. Cumulative Days on Market adds earlier listing periods for the same property, so CDOM can be well above DOM (for example 59-495 Ke Waena Rd: DOM 96, CDOM 632).

Medians. The overview figures, range strips and the chart's median line use the seven closed sales only. Table medians reflect the rows shown. Lot size in acres is converted from MLS land square feet (43,560 sq ft per acre).