If you are looking for Lanikai real estate, you will find multi-million dollar mansions and modern architechtural masterpieces mingled with plantation style homes and shabby beach cottages. As one of the first and oldest areas of Kailua, there are more very old (incl. 20's & 30's) homes left in this area of Kailua than any other, some beautifully restored. The beach, with it's soft white sand is world renowned and many homes are either beachfront or have a views of the ocean and nearby Mokulua islands, a wildlife preserve, to which people take out kayaks.

Lanikai is located just past the South end of Kailua Beach Park, up and over the Lanikai Hill (Alala Street). Homes start on a relatively flat loop road and branch out up the hills from there.

The Mid-Pacific Country Club and Golf Course is located in Lanikai, Kailua, but there are no other local businesses. Commuting out of Kailua to town (Honolulu) is a bit slower from this area, as there is only one road in and out but many people don't find that to be an issue. Bellows Air Force Station recreation Area is located directly South of Lanikai and the Bluestone condominiums and Keolu Hills neighborhoods are on the backside of Lanikai's hills.

Prices for homes for sale in the Lanikai Neighborhood of Kailua can start in low 7 figures, usually around $1.0 for fixers or tear downs not on the beach and range to possibly, $9-10 million, (and more for larger sized parcels and luxury homes and estates that could be further subdivided to still large lots). Lots vary in size as well, usually, from around 10,000 square feet to over an acre, though there are a few smaller lots resulting from property CPRs. Zoning in this area is typically R-10, meaning one single-family residence per 10,000 sq ft. There are both homes and a few vacant lots available.

Public schools in Lanikai are Kailua Elementary and Lanikai Elementary (charter schools), Kailua Middle School, and Kailua HS, depending upon location. Private schools, such as St. Anthony School, is within a few miles and goes PS-8th. Grocery and restaurants are all within a mile or two from Lanikai. locations.

From 2004-2008, the number of sales in the Lanikai are of Kailua followed the mainland market, peaking in 2004-2005, dipping dramatically in 2007-2009. Average prices increased most significantly between 2004 and 2005. It used to be you couldn't find a home for sale in Lanikai for under $2M. Times have changed. 3 of the 4 homes sold in Lanikai in 2009 were in the under $2M price range. 

In summary, the luxury home sales statistics for the Laikai Neighborhood of Kailua over the past several years are set forth in the chart: