The Kiahuna condos in Poipu’s sunny south shore currently have listing prices from $99,000 up to $1,795,000. Have you been looking to buy a condo that is walking distance to the beach, but are a few dollars shy of making this happen? This Leasehold Kiahuna development may be something to look into.
What is Your Criteria and Must Haves When Looking for a Condo in Hawaii?
When it comes to looking for a condo that is right for you, you no doubt have a list of criteria that is at the forefront of must haves. In my experience in working with buyers, oceanfront, or at least ocean view, often tops the charts. Of course, affordability is a major factor as well. The Kiahuna condos for sale catch the attention of many buyers looking for a low priced condo near or on the beach. Especially is this so of those focusing their search in the Poipu area.
About Kiahuna Condos
The Kiahuna condos for sale in Poipu are made up of 5 phases and are spread out over 17 acres. There are a total of 341 units with floor plans ranging from 1 bedroom/1 bathroom to 2 bedrooms/2 bathrooms. The living area of the 1 bedroom units is approximately 640 square feet and the living area of the 2 bedrooms is approximately 1,184 square feet.
The Grounds at Kiahuna Poipu, Kauai
The lowest priced Kiahuna condo for sale currently on the market is unit 326 (MLS# 254093) in Phase III listed at $99,000. This is a bank owned property (REO). It’s a 1 bed/1 bath unit with approximately 640 square feet. This Kiahuna condo for sale is located in a VDA (visitors destination area), which means it can be used as a vacation rental, long term rental, or permanent residence. These condos are very popular as vacation rentals.
Check Out a Video Walk Through of Kiahuna #326
Kiahuna #326 listed for $99,000
What is the Difference Between the Phases?
Phase I is the only beachfront phase in the project. Phase I consists of 30 units. 26 of them are the 1 bedroom floor plans and 4 units feature the 2 bedroom floor plans. Phase III is the farthest from the beach, approximately a 1/4 mile walk through the project, and for this reason, feature some of the lowest priced units in the project.
Currently, there are 31 Kiahuna condos for sale priced from $99,000 to $1,795,000. Yes, you guessed it, the unit for sale that is listed for $1,795,000 (MLS# 224516) is in Phase I. It’s right on the beach and is in the picture at the beginning of this blog.
The monthly association dues run approximately $1,060 to $1,370 a month and the Leasehold rent runs approximately $250 a month to $617 a month. The Kiahuna condos in Poipu are priced lower than most other condos in the South Shore of Kauai. This is due to the fact that the Kiahuna condos are a Leasehold property.
What is a Leasehold You Ask?
A quick explanation: There are basically two types of ownership. Fee Simple (most common) and Leasehold. Fee Simple is owning both land and improvements (home or condo) on the land. These are conveyed or transferred together when the property is sold.
In a Leasehold, the property (land) is owned by one person and the improvements (home or condo) is owned by another. So, when a person buys a Kiahuna condo, they are buying the structure, but not the land. There is a Lease fee the owners of the condos must pay each month.
The pros and cons of a Leasehold are going to depend on what you want and how much you have to spend for what you want. A Leasehold gives you the opportunity to own a condo in Poipu that is walking distance to one of the nicest beaches on the island for much less than a Fee Simple condo would. Is that worth it to you?
Please feel free to contact me for a more in depth explanation, or to find a condo or home on Kauai that’s right for you.