I absolutely love living in Makakilo, Hawaii! The weather is hard to compete with and it is only about 15 minutes away from Ko Olina. It is definitely a great place to retire or live out the relaxing lifestyle. It may not be best the best place financially as residents of Makakilo obtain a higher income and are considered upper class.
Some of the best areas around include Wet n Wild Amusement Park, Disney Aulani Resort, and Ko Olina Beach and Lagoons. Unless you are looking for a fun day of water rides at the Wet n Wild Park or the Disney Aulani Resort (which includes three lagoons), Ko Olina Beach is a great place to snorkel, dive, or just relax on the sand.
One of the best places to eat is Paradise Cove. Tourists love this spot because of it's fun festivities and ceremonies. Afterwards, the best thing to do is venture out at the many different stores offered in the area.