Overall, beach properties on Oahu held up fairly well since the residential real estate bubble burst in the United States in 2008, but that's not to say there aren't a few great deals out there. So, if you’re looking to own a piece of beachfront paradise, here's your holiday wish list... the top 10 cheapest beachfront homes for sale on Oahu.

54-065 Kamehameha Highway, Hauula, HI 96717

MLS #: 201335748

$525,000  

• 1 Bedroom
• 1 Bath
• 710 SQ FT

Opportunity Knocks! This is the lowest priced beachfront property on Oahu! This cute one bedroom, one bath beach cottage is awaiting creativity and a little TLC to bring back its shine. It’s a perfect weekend or get-a-way home in beautiful Hau'ula with space available to launch a small boat on-site. The property is located on a white sand beach and adjacent to Beach Park. Property listed by Arquette Properties, Inc. 

In my last blog, we went over the benefits of a 1031 Exchange. So let’s go a little deeper into the different types of 1031 Exchanges available to investors. 

First things first, what are the basic requirements to qualify for a valid 1031 Exchange? 

Almost any property qualifies for a 1031 Exchange unless the property is your principal residence, it must be an investment property such as rental or commercial properties or vacant land. Investments must also be of "like-kind" investments, for example, you can’t exchange a business into a commercial building or a rental property into a principal residence (click here for the IRS explanation on like-kind exchanges).

Here is the timeline for a Delayed Exchange.

Looking for some great events around Kailua during the holiday season? We've got some great ideas!

Castle Medical Center Tree Lighting Ceremony and Light Up Kailua

December 4, 2013 from 6:15 - 8:30 PM

The 28th annual Castle Medical Center Tree Lighting program takes place on December 4. This year is bound to be extra-special as Castle Medical Center celebrates its 50th anniversary. The tree lighting is the first festive sign that officially ushers in the holiday season to Kailua.

Light Up Kailua

December 4 - 27

Don’t forget the Kailua Chamber of Commerce’s “Light Up Kailua” competition. Light up your windows, store or mix up a little holiday cheer and you’ll have a chance to be named the Light Up Kailua Champion. Last year’s winner in the Business Decoration Category was Picket Fence, while Mary Weisman was the winner in the Patron Category. For more information about this year’s contest, contact erin@kailuachamber.com.