Thursday, 02 August 2012 10:09
Surf companies have been investing in the most expensive beach houses, on Oahu’s North Shore’s renowned breaks.
In the last couple of decades, brands like Billabong, Rip Curl, Quiksilver and O’Neill have set their Hawaiian headquarters a few meters away from the world’s top class wave barrels.
How much does it cost to own a royal surf palace, right in front of Pipeline? Who owned these beach houses before the surf industry opened their eyes? Which surf brands can actually afford king-sized beds, game rooms and flat TV screens?
Sean Yano, a real estate specialist, has been watching carefully the evolution of this market, from since he was a young surfer.
“We would hang out at Ronald Hill’s house, close to Laniakea, with the late, great Todd Chesser, Brock and Clark Little, and Todd Mitsui just to name a few. Ronald’s parents had an “open-door” policy at the house so anyone and everyone was always welcome”, explains Yano.
“Benji Weatherly’s family lived in the current and original Volcom house during that time, and because it’s located right in the hot spot in front of Pipe”, he adds.
Meanwhile, the real estate market has changed dramatically. Blame surfing. Home values along Ke Nui Road have skyrocketed – in some cases by more than 300% – in the last five years alone, according to recent studies.
Read more at SurferToday.com…