A few years ago, if you were in the market to buy a home on Kauai’s north shore with some land around it (acreage), you’d have to be prepared to spend close to $2 million. If it had a pool, and a separate office building, and mature fruit orchards, you could expect it to be over $2 million. Not anymore.
MLS #248049 is located in the Kalihiwai Ridge subdivision, and is listed for sale at $1,100,000. It previously sold in 2004 for $2,275,000. The additional building features a full bath and little lotus pond in front. The landscaping and fruit trees are mature, and the custom swimming pool adds a lot a value.
Yes, it’s a short sale, but fortunately, there’s only one loan, and it’s with Bank of America, which has a relatively efficient short sale department.
You’ll probably have to act fast, though. There’s been a ton of activity on this listing since it went on the market, and I’d expect that we start to see offers here soon.