HAWAI'I LIFEFixer Upper: Luxury Keauhou Estates Home in Kailua-Kona
Looking for a bargain Kailua-Kona luxury home you can put your own touches on, Look no further.
Priced at $750,000 this elegant home Keauhou home needs some freshening up. With some light cosmetic work this home could be stunning again. The views, the location and the layout are superb.
PRICE: $750,000 (- $149,000)
ASSESSED VALUE: $1,190,300
All of the homes in this neighborhood are custom. Most feature disappearing walls, infinity pools and state of the art kitchens. Until recently it was rare to see homes for less than a million in this neighborhood. With the recent downturn there have been a few homes in the $800-900,000 range. Most of these have been short sales. Short sales require a lot of patience and no guarantee of success.
Man, what a deal! If this was on Kauai I’d be making an offer ;-)
Erik, are the listing and selling prices on the Big Island typically below the current assessed value. Meaning, is the county tax assessor on the big island, still trailing the market?