There are some truly spectacular homes here on Oahu - from CEO villas to celebrity estates, the assembly of luxury homes in our corner of the world is nothing short of spectacular. So if you are in the market for a new home, and have a few million dollars extra kicking around, here’s a few homes to choose from right now.

210 N Kalaheo Avenue - Kailua, HI 96734

MLS #: 1212126

$24,950,000 

• 8 Bedrooms
• 8 Full baths
• 3 Half baths
• 10,344 SQ FT
• Land Area: 65,140 SQ FT

Truly a resort within itself! This stunning Kailua beachfront estate spans from street to Pacific Ocean with over 65,000-plus SQ FT of tropical grounds. An exquisite residence with over 10,000 SQ FT of lavish living space plus a gorgeous separate three bedroom guest house. Fashioned by renowned designers Kerr-Michaels and expert craftsmen, this home is about elegant detail with rich hardwoods and pocketing glass walls that open to sandy shores and turquoise waters. Your own private paradise! Property listed by Coldwell Banker Pacific Property. 

As of January 1 this year, a 3.8 percent Medicare tax on investment income went into effect. However, it only applies to those who exceed the following adjusted gross income (AGI) levels, a figure that currently excludes about 96 percent of all U.S. households.

• Singles - $200,000 or greater AGI
• Married, filing a separate return - $125,000 or greater AGI
• Couples - $250,000 or greater AGI

The Medicare tax is not a sales tax, nor does it apply to all real estate transactions. Moreover, it’s a tax on investment incomes (which may or may not derive from the sale of a property) and typically won’t include capital gains resulting from the sale of a home, providing that home is a principal residence, and as we stated above, only for individuals or couples with AGIs above their thresholds.

The capital gains tax exclusion rule for sales of a principal residence ($250,000 for individuals, and $500,000 for couples) remains in effect. So, if the profits from the sale of the home don’t exceed these capital gains, they’re not tacked onto the net-investment income tally. Therefore, the 3.8 percent Medicare tax wouldn’t apply.

If you’re looking for peaceful evening walks around the neighborhood and the occasional rain to keep your garden green and lush, then Maunawili is your cup of tea.

Located on the Windward side of Oahu, nestled between the Olomana and Koolau mountains, and steeped with Hawaiian legend and history, this closely-knit community has a reputation for its quiet demeanor and cooler climate.