Until yesterday, the entry level price for a condo at Hualalai Resort, home of the Four Season’s Hotel, was $1.295 million, (MLS# 223930), for a short sale condo. If you wanted to avoid the complexity of a short sale you would be looking at purchasing the condo pictured above (MLS# 236599), priced at $1.84 million.
The view is exceptional from this second floor condo, and includes the furniture. Topping out this particular condo complex is an end unit (MLS# 232642), priced at $2.465 million with panoramic ocean views.
That all changed yesterday when a REO/bank owned listing came on the market, (MLS# 240366), priced below a million at $994,900. This condo, currently assessed at $1,320,500, sold in 2006 for $1.8 million.
For less than a million, nearly 50% off its last purchase price, you get a three bedroom, luxury end unit condo with access to all the amenities of Hualalai Resort, and most importantly ocean and sunset views.