A 117 sq. meter, four-room, fourth and fifth flooring penthouse house with a 35 sq. meter balcony in a brand new challenge on Hubert Humphrey Road on Haifa seafront has been offered for NIS 6.2 million. The challenge includes two five-floor house buildings at 17 and 19 Hubert Humphrey Road with a complete of 20 flats with a swimming pool to be used by residents of the 2 buildings.
Hubert Humphrey Road is west of Bat Galim close to the Stella Maris cable automotive terminal and is the closest avenue to the ocean on which it’s permitted to assemble new houses. The house is just 40 meters from the seafront.
How is it attainable to construct a challenge so near the ocean in Israel the place building is prohibited inside 300 meters of the shoreline? It seems that Haifa’s first grasp plan from 1934 allowed this, and the plans that adopted didn’t eradicate this risk. Hubert Humphrey Road, which results in Israel Oceanographic and Limnological Analysis Institute, has remained partially empty for the reason that plan was authorized 91 years in the past. In recent times, a number of buildings have been renovated on the road and several other new buildings have been constructed, and a minimum of one new challenge is at present being marketed on the road.
The road’s large promoting level is its proximity to the ocean. As within the case of Bat Galim Promenade, residents solely must cross the street to succeed in the ocean. The large minus is behind the challenge to the east with the railway line and Street 4 nearly bordering the heaps.
There have been only a few offers on this avenue, however the tempo of worth will increase reveals how sizzling the properties are there. For instance, in October 2018, a penthouse house at 15 Hubert Humphrey Road was bought for NIS 2.585 million, and two years later, in 2020, the house was resold for NIS 3.475 million – a rise of 34%.
An previous 3-room house in-built 1940 was offered two years in the past for NIS 2.2 million. This deal can be a excessive worth, reflecting the good potential of the road. 18 months in the past, two 4-room flats had been offered on paper at 19 Hubert Humphrey for NIS 6 million. Within the constructing the place the present deal was closed, two 3-room flats had been offered a couple of months in the past for NIS 3 and three.4 million.
The final two offers mirror a worth of NIS 43,000 per sq. meter. An examination of the brand new house market in Bat Galim reveals that house costs close to the ocean attain NIS 35,000 shekels per sq. meter, whereas on seafront, one deal has been carried out lately, at a worth of about NIS 43,000 per sq. meter, roughly the identical as the costs obtained within the Hubert Humphrey challenge.
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Within the present deal, the value obtained is about NIS 48,000 per sq. meter. Contemplating the individuality of the challenge and the house that was offered (a penthouse house with a big balcony), the value appears cheap.
Appraiser Asi Avni mentioned, “It is a uncommon deal for Haifa, which stems in the beginning from an distinctive location. A two-level penthouse with an space of 117 sq. meters, plus a 35 sq. meters of balcony, situated solely tens of meters from the seafront, is a really uncommon function in the true property market.
“For comparability, Hayarkon Road in Tel Aviv – probably the most sought-after places within the nation on account of its proximity to the ocean, is situated about 100 meters from the seafront, so on this case it’s a property that’s considerably nearer to the seashore. The mixture of such a location with the traits of a penthouse explains the excessive worth degree set within the deal – about NIS 53,000 per sq. meter (with out balconies) – a degree that doesn’t mirror the overall Haifa market however relatively a singular and uncommon premium property.”
The underside line: When the ocean is open in entrance of you, and when the gap to it’s notably brief, it’s attainable to succeed in “Tel Aviv” costs within the Haifa market as effectively. That is the most costly 4-room house in Haifa.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 21, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
