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Honu - Green Sea Turtles - are often found in Puako Beach

One of the most amazing things about Puako Beach on the Big Island’s Kohala Coast, is that on nearly every beach, you can see green sea turtles live, up close and personal.*

Or not see them, as the case may be. Often while sitting on “my’ beach (btw – no beaches in Hawaii are private. All beaches are public.) in Puako, I watch people wander down the shoreline and nearly step on turtles before they actually see them!  No wonder why – the honu love to sleep in the sun and as they do so, they transform from looking like a wet dark lava rock, to the dried color of sand. Amazing.

In Hawaii, we call turtles “honu.” One of my friends was reading a “mainland” alphabet book to her toddler, and on the page for “T” was a picture of a turtle. We said, “t is for…” and he confidently answered, “honu!”

Do you want to see honu as part of your daily routine? Consider Puako Beach real estate. For a week, a month, or a lifetime. It’s never too late to live your best Hawaii Life. Read entire post →

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On Monday, March 8th, a gorgeous 6,015 square foot Estate Home and Guest Home perched on 5.79 acres along Kauai’s Ocean Bluff (MLS 231773), will sell at Auction.

Even the most affluent sellers and buyers are not immune to the characteristics of today’s challenging market. Many sellers have been caught in a down market with limited liquidity, high carrying costs and may even be at risk of foreclosure. At the same time, buyers with plenty of cash in the bank are still looking for a deal, looking to take advantage of the distress in Hawaii’s luxury market. So is an auction the best way to facilitate a quick sale of a luxury ocean bluff estate home on the island of Kauai? What are the advantages and disadvantages to the Seller and the Buyer?

Kauai Ocean Bluff Luxury Estate

Kauai Ocean Bluff Luxury Estate Overlooking Paliku Point and Donkey’s Beach.

Let’s consider a current luxury estate on Kauai being sold using the auction technique. On Monday, March 8th a gorgeous 6,015 square foot Estate Home and Guest Home perched on 5.79 acres along Kauai’s Ocean Bluff (MLS 231773) will sell at Auction. This privately gated estate has stunning, panoramic Ocean Views and as well as Mountain Views and was meticulously designed by one of Hawaii’s finest architects. With high-end finishes, three bedroom suites, an office, fitness room, and an impressive kitchen not to mention its own elevator, it is easy to fall in love with the main residence, only to be further smitten upon inspection of the ocean view pool and guest home. The estate is perched above Paliku Point in the up-and-coming Kealia Kai subdivision, where a leisurely stroll brings you to secluded Donkey Beach, or a beach cruiser bicycle ride along the Kauai Coastal Path allows you to enjoy any number of beautiful beaches. It is obvious how simple it is to become wrapped up in the estate – but let’s get back to the question at hand: Is an Auction the answer? Read entire post →

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Two units at the beach front Wailea Elua, listed at $1.4M and $1.59M, have gone into contract since January 1.

Often times a buyer will rely on most recent sales to judge the market, and you’re absolutely right in factoring that data into your timing. But sometimes my most experienced clients will overlook an equally important bit of data, one with more immediacy and possibly even importance — pending sales.

A pending sale is a property that is in contract, also known as in escrow. The buyer has been qualified as a worthy and willing purchaser, and the seller has agreed upon his offer. A lot can happen between beginning of escrow and closing, so pending sales is not the tell-all — but it is telling.

Since the first of the year, 229 Maui condos have gone into escrow — more than half of them vacation rental condos.

The vacation rental condo market drew a massive breath of  air in January, which is a great indicator. Judging by what went into contract, we’re seeing increased activity from  experienced buyers who have timed the market to buy. Remember, these are not residential condos, but second homes/vacation rentals.

Take South Maui, for example. Kihei and Wailea vacation rental condos sparked strong demand, particularly at quality properties.

Ten Wailea vacation condos went  into escrow after January 1, including a 3/3 Hoolei  listed at $1.75M and on market 251 days, and two units at the Wailea Elua (listed at $1.4 and $1.59, 241 and 220 DOM, respectively).  Both are amazing properties–take a look at Hoolei  (MLS 337849). Read entire post →

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Every Morning is magic in Kona for me!  I can’t imagine life elsewhere.  Grabbing a mug of hot kona coffee is great!  My day starts, and this steamy mug of Kona’s best doesn’t compare to grabbing my stand up paddle board as the morning light is halfway dawning.  No morning is the same as the last.

MLS#217717, asking $1,495,000

My good friends Robin and Kim have an oceanfront home at Kahaluu and its off to my right as I paddle out into the bay. Vacation renters are there…I see a light in the kitchen.  No one else seems to be up this early.  It’s pristine and I never can figure out how in the half light of dawn the reef underwater beneath my board has more light than the atmosphere around me.  The fish are all visible – yellow tang, angle fish and puffer fish too.  The manta ray is over there… I see her wing tips and mosey over for a better look. The black and white pattern on her back is a mind blower – I am cautious when my eyes see that long tail behind her!  The finishing touch is the whale 800 yards off!  What a show!  I am pinching my self… is this for real??  And it was this morning! Unlike any other, every morning in Kona is magical.

MLS#199756, asking $710,000

I spend a hour or two nearly every morning like this and then head to work selling Kailua-Kona real estate. The oceanfront home owners see my regular routine – often they’re in the water with me! I have the joy of marketing and selling the most incredible oceanfront and nearly oceanfront properties in Kona.  Through the years I’ve been blessed to know many owners and understand the idiosyncrasies of these very special properties.  And it is what I love to do more than anything.

I see Gloria jogging by and mention a showing today at her Vintage Cottage next to Magic Sands beach. That listing is so close to my house, I’ll probably ride my beach cruiser down for the showing. Lucky I live Hawai’i!

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Wailea Ekahi Oceanfront Pool Area

Wailea Ekahi Oceanfront Pool Area

Wailea Ekahi on Keawakapu Beach is by far my favorite condominium complex on Maui.

One of the most redeeming qualities is its location on the sunny South Shore of Maui and within walking distance to all of the shopping, dining and entertainment that both Kihei and Wailea have to offer. Keawakapu Beach is my favorite beach with some of Maui’s most stately oceanfront estates located along its palm lined shores. The thing that is unique about Wailea Ekahi is that they thoughtfully placed their amenities right on the beachfront. While you are lounging at the pool or having a BBQ party in the pavilion you can watch the sunset, crashing waves and occasional whale breaching! Most complexes reserve the most obscure place to put their common areas but at Wailea Ekahi they reserved the prime oceanfront for all of its owners and guests to enjoy.

With 1, 2, and 3 bedroom floor plans available there are layouts and locations to fit everyone’s taste and budget. There are even several side by side units that have been remodeled and made into one wonderful space. If you are thinking of Vacation Renting then this is the place as their rental history is superb!

If you are condo hunting on Maui I encourage you to take a look at the gallery that I have created below for a complete list of properties available in Wailea Ekahi

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The sound of ocean surf and the sight of lush vegetation outside your window greet you as you awake in either…

55479 Kuhio Hwy (MLS 223546)

55522 Kuhio Hwy (MLS 224211)

These two custom-finished luxury homes are conveniently located in delightful Hanalei. Slide on your “slippahs” and take a quick stroll toward town. On the way, you’ll pass the historic Wail`oli Hui`ia church sitting picturesque against Mount Namolokama’s cascading waterfalls. And if it’s Saturday, the farmer’s market will be in full swing where you can sample and buy island produce and peruse local crafts. Continue your walk and you’ll soon have a cup of Kauai coffee in one hand and a banana macadamia nut muffin in the other. You’ll have a spring in your step when you call either of these listings “home”. Read entire post →

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Another Hawaii Life Core Value

Another Hawaii Life Core Value

1. Lucky We Live Hawaii

Let’s face it…. this is really Number One, and it always will be. At the end of the day (or year), we’re extremely grateful for the incredible quality of life that Hawaii provides.

2.  Buyer and Sellers “Get It”

We knew the real estate industry was changing, and that real estate marketing had to change as well… The brand promises of the past aren’t delivering. Fortunately, our clients and customers agree with us. In 2009, over 250 people trusted us with their real estate business. Thousands of people have Hawaii Life accounts, and thousands of people visit www.hawaiilife.com everyday.  We closed our first calendar year with over $50 million in real estate sales, a feat that would have been impressive in the hottest of markets for a brand-new company.

3.  Our Agency Policy Works

Our commitment to agency has yielded powerful results.  Over 150 sellers have trusted us to list their Hawaii properties for sale, and in 2009, Hawaii Life sellers netted (a median of) 93% of their List Price, while Buyers who hire Hawaii Life as their Exclusive Agent enjoy a significantly higher margin, and immediate access to the market’s new inventory (and often, even a ‘heads-up’ of what’s coming).

4.  The Back Of The House

We went through two website launches this year… with multiple revisions, innovations and new features that have won us awards, and garnered the attention of some of the real estate industry’s thought-leaders. We couldn’t have done it without the hard work and commitment of our ‘chefs’ in the kitchen:  Yacine Merzouk, our lead programmer; Justin Britt, our Head Web Head; Winston Welborn, our Creative Director; and Brad Haeger, our Marketing Researcher.

5. Hawaii Life Puako

Our Big Island team has taken Hawaii Life’s business model and injected it with “Solid Representation” rocket-fuel. We can’t say enough about how proud we are of Katie Minkus, BIC and her team of superstars. They are Hawaii Life’s top selling and top listing agents, and they’ve accomplished incredible success all since closing their first transaction in April of 2009.  Incredible.

6.  Hanalei North Shore Properties

In the fall of 2009, Hawaii Life was honored to be chosen by Roberta Haas and her team of Realtors from Hanalei North Shore Properties to organize a merger that immediately made Hawaii Life on Kauai’s top listing brokerages. The power and influence of having Roberta Haas and her team working with Hawaii Life is incredible, and only just begun.

7.  Unified, Statewide

Also in the fall, Hawaii Life officially became a Statewide brokerage, with Realtors in every County in Hawaii.  With Tobi Fisher as the Director of Sales on Maui, and David Buck as our Broker for the island of Oahu… Hawaii Life is poised to express our business model in the largest markets in the State. We held our first Annual Brokers’ Summit at the Outrigger Canoe Club in Waikiki… where we discussed and created Hawaii Life’s Core Values.

8.  More Brokers (than Salespeople)

Earning a Hawaii Real Estate Broker’s license is no easy feat. It requires a minimum of 3 years of full time real estate experience as a salesperson, and rigorous licensing course and State exam. At Hawaii Life, we have a unique policy where we pay for our agents education towards Realtor designations, including their courses and exam to become a licensed Real Estate Broker in the State of Hawaii. We believe that brokers make better agents, plain and simple. While we grew to 43 Realtors in 2009, we’re honored to announce that 4 of our agents have earned their Brokers license under our guidance:  Lucy Clark, RB; Kelly Condon, RB, David Buck, RB, and Miriam Perlmutter, RB.  As a result of their hard work… Hawaii Life now has a higher Broker to Agent ratio than any comparable firm in Hawaii (17 Brokers & 26 Salespeople).

9.  Bank-Owned Inventory, Hawaii REO Listings

As a company, we’re honored to have caught the attention of local and national asset managers who recognize the power and scope of our marketing, and have hired us to sell their bank-owned real estate. We’re not particularly thrilled about rampant foreclosures in Hawaii, but we do recognize that REO listings are often well-priced, and represent excellent opportunities for buyers who are entering the market, and who are prepared and qualified to give these homes and neighborhoods the love and care that they deserve.

10.  Luxury Hawaii Real Estate Listings

We’ve moved into the Luxury Listing market. And we’re thrilled about it. Hidden Place, Anini Vista, 180 degrees, Pueo Place are some examples… and there are more to come. Roberta Haas and her team have just listed a home in Ha’ena on Kauai for $8.7m, and Bobby Galchutt and I have to two homes on Kalihiwai Road on Kauai’s north shore starting at $6.9m.

So…. here’s to 2009!


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Today I had the supreme pleasure of showing property in Puako Beach, on the Big Island’s Kohala Coast. A pair of Hawaii Life clients own a mauka-side (toward the mountain) property and are considering “trading up” to a makai (toward the ocean) property.

MLS# 226889, asking $3,950,000.

MLS# 226889, asking $3,950,000.

So we went to see #106, an older, two-story beachfront home that can function as a 3-unit rental.The beach in front of this house is wide and large, with easy water access- perfect for snorkeling, diving, canoeing, SUP (Stand Up Paddling)… and with today’s swell, certainly boogie-boarding and surfing too.

As it happens, the year-end results for Puako Beach sales in 2009, show that things in the neighborhood are looking somewhat positive! Six properties sold – 4 mauka and 2 makai, as opposed to 2008’s two properties sold – 1 mauka, 1 makai. (And because I know you want to know, in 2007,  8 properties sold – 2 mauka and 6 makai.)

It appears possible we’ve hit the “bottom” of pricing in Puako, at least on the mauka side of the street.  The lowest-priced mauka sale since #35 sold in April, 2003 for $499k* – lot #27 went for $500k in May, and comparable sold property prices indicate an increase in value since then. This is good news for the “desirability” of Puako in general.

As for the makai side of the street, two sales hardly indicate a trend, compounded by the fact that they were entirely different sorts of properties. #56, a 972 sqft, 3/2 traditional puako beach cottage was sold by Pattie Freeman of Hawaii Vacation Rentals, for $2,650,000 in May. The second sale was a pair of lots – #18 & #20 – which sold for $6.5M in August. The architecturally significant luxury home on lot 20 has a lap pool and gym, while lot #18, next door, was designed to operate as the “yard” for #20. Stunning design and two lots worth of ocean frontage, brilliant.

138

MLS#218052, asking $2,500,000

Currently on the market for $2.5M is a 751sqft, 1/1 traditional beach cottage which has been making me wonder if we’ve yet seen the “bottom” of pricing on the makai side of the street? On the other hand, oceanfront choices are few and far between in Puako, with only two other homes on the market today. In fact, I have three clients who want to buy on the makai side of Puako right now, but nothing available suits their needs. It’s an interesting position to be in during a widely-perceived “buyer’s market.”

While attending a makai neighbor’s holiday party last weekend (the house was gorgeous) it seemed despite the amazing house and host and hostess, all anyone could talk about were stories of Puako… who knows who from when and which house and remember when and general gratitude and appreciation for our being there that evening and for every moment we spend in Puako. Who could blame us? Puako is special. While standing on the lanai of #206 today, the tenants who so kindly allowed us to see the property despite their occupancy (mahalo nui loa, Harry and Lisa!), mentioned they had seen tons of whales today, and then, naturally, we saw one too… :)

To see all the properties currently on the market in Puako Beach, please see the gallery I’ve created: www.puakoproperties.com. Or email me katie@hawaiilife.com and I’ll send you a brochure.

*In the interest of full disclosure, I am the owner of #35 Puako.

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This Beachfront property in Hanalei is grabbing national media attention.

Rightfully so–it is in the right location at the right price – $2,250,000.  By comparison, other properties on the beach in Hanalei start at $9.0M and go up from there.

hanalei-beachfront

Currently featured in the Wall Street Journal

A buyer who is ready and able to take a leap of faith at a time when many are “sitting on the fence” will be remembered in the years ahead…

This property is a legal Vacation Rental with a substantial income stream.

For more information about this or other great values on Kauai, call Ben Welborn, R (808) 639-7978 or via email: benny@hawaiilife.com

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Hanalei Beachfront Real Estate

Posted by Ben Welborn, R on November 19th, 2009 | Tags: , , , ,

Beachfront real estate on world famous Hanalei Bay is synonymous with high pricing–Right? Perhaps not…

Hanalei Beachfront Home For Sale

Currently, there are 5 residential beachfront properties listed for sale in Hanalei

A newsworthy anomaly in a market of limited choice. An opportunity for the taking. A steeply discounted piece, of the peace, of the place called Hanalei. A surfer’s dream. Heck–just about everyone’s dream! Read entire post →

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