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Oahu Owners Lose Millions in Real Estate Value

I’m glad this got your attention – because it’s actually more like Billions – however – you might not have kept reading if that was the headline (too outrageous, right!)?

The Truth:  By the time you read this, 2 ordinances will already have gone into effect and destroyed over $10 Billion in value for nearly 4,600 properties on Oahu.  Ordinances 23-3 & 23-4 have now caused the City to designate 99.9% of all oceanfront homes “Legal/Non-Conforming!”

It’s too late for that, however, millions more in real estate value may be in jeopardy!  Yep – the City is at it again… and this time it’s called Bill 64 (the old Bill 10) and, if passed, it can do the following to Ag-1 & Ag-2 Lands (most of which are in our neighborhoods):

  • If you live in a home on Ag-1 or Ag-2 Land, you might be asked to leave… unless 51% of your land is “dedicated” to some sort of active “Ag Production”.  
  • This could mean that your “Right to live in your own home” might be up to the City’s Department of Permitting & Planning!
  • You will be prohibited from keeping horses (or even chickens) on your land if it’s under 3 Acres.
  • You will, all of a sudden, be restricted on the number of Beehives you may have on your lot.
  • If you do any kind of Pet Boarding or even a small Animal Rescue Shelter – you might be shut down.
  • There’s more – but this Bill is now 288 pages long and a lot more in it will be devastating to many if they do not get involved NOW!

Call your City Council person, go on the honolulu.GOV website and plug in BILL064(23) and find out for yourself!  Public hearings are coming up soon!
Let’s not let this one slip through and hurt even more North Shore residents!

Richard Sterman has been serving North Shore’s real estate needs for over 45 years. He is the owner and Principal Broker of Sterman Realty, the largest full-service real estate office on the this side of the island. You can contact Richard by emailing Richard@Sterman.com, going to www.Sterman.com or by calling (808) 638-8600.

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About Sterman Realty

Sterman Realty has been the leading provider of Real Estate services on the North Shore of O’ahu for over 36 years! We specialize in listing and selling fine real estate properties from Beachfront Homes to Mountain-Top Estates. Located in the historic town of Haleiwa, the Sterman Realty team has over 30 professional real estate agents ready to serve your needs. We pride ourselves in having the most knowledgeable, dedicated and experienced Realtor professionals to assist you. Whatever your real estate needs are, we are here from start to finish.

“North Shore Real Estate IS our Business!”

– Richard D. Sterman (R)(PB)(MA) –

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"I used Sterman Realty from 2012 - 2014 and had an awesome experience. I never had to worry about tenants and if anything broke, Sterman used the most effective and least expensive means to repair what was needed. Great job!"

- Alex Simpson -

"A-plus service, closed my deal from five thousand miles away without a hitch. Richard Sterman is truly 'Mr. North Shore'!"

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Sterman Realty

66-250 Kamehameha Highway,
Suite D-100
Haleiwa, Hawaii 96712

Main Phone: (808) 637-6200
24 Hour Fax: (808) 637-6100

Our Haleiwa Office is Open
Monday - Saturday
9:00am - 5:00pm

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info@sterman.com

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