Oceanfront parcel at One Puako Bay (MLS 215500) is 6.76 acres of quiet black sand
A year ago I wrote a primer on the topic of what someone buying oceanfront property in Hawai’i needs to know. In it I explained that “conservation” is the land use designation generally applied to coastal lands. Now, for the first time in 16 years, the Hawaii Department of Land and Natural Resources is reviewing the rules pertaining to areas zoned conservation. The most significant proposal would specify the shoreline building setback to be 40 feet from the certified shoreline PLUS 70 times the average annual coastal erosion rate. (The public comment period lasts until September 7th if you have an interest and want to register your opinion).
Have you ever considered renting a home for your next visit to the Hawaiian Islands?
Luxury awaits at this oceanfront Kona vacation rental
Hawaii Vacation Rentals, Inc. has been offering vacation homes for over 16 years on the Kona/Kohala Coast of the Big Island. There are many advantages of renting a home from a professional vacation rental service. There is more freedom than a hotel room as you can wake up in the morning and make your breakfast on your own time, sit and watch sunset from your deck or yard, prepare your own meals if you choose or drive to nearby resorts for fine dining. Read entire post →
Previously priced at $1.2 million, this New Home at KaMilo at Mauna Lani Resort (MLS# 235991) will be snapped up! This home is located in phase one and offers views of a future greenbelt. The Honua B floor plan is a 2-story paired home with over 2,100 living square feet, 4 bedrooms, and 3 1/2 baths—all for $699,000.
There are two master suites, one on each level. This quality built home has upgrades fit for a queen, including woven ceiling treatment, granite counter tops in the kitchen, tile flooring, stainless steel appliances central air, and ceiling fans—all with a 2-car garage. Read entire post →
My favorite deal of the week is this astonishing gated community home (MLS# 236259) located in the lowest-priced condo in the Golf Villas, located in the prestigious Mauna Lani Resort. At $349,900, this 2 bed / 2 bath offers 1100 square feet of living space and a one-car garage. Talk about upgraded, this home’s roomy kitchen has it all; granite counter tops, stainless steel appliances, tile flooring, crown molding and an island bar! Entertain your guests on the pleasant lanai complete with an outdoor barbeque. Read entire post →
Originally listed for $12.9M, this 6.76 acres of oceanfront land in Puako is now asking only $5.495M!!
Original List Price: $12,900,000 List Price: $5,495,000 (-$7,405,000)
Imagine… 6+ acres of land—oceanfront in Puako Beach, one of the Big Island’s most premier, upscale communities. There are so many possibilities in terms of developing this land. Proceed with the original developer’s dream of a luxury, gated community of 8 properties, split into two or three parcels, or better yet, build one of the most prestigious, ultimate luxury estate homes on the entire Kohala Coast! With no CC&R’s, there is only County building codes for restrictions – this oceanfront parcel simply cannot be beat! Read entire post →
With the July sales figures in for Wailkola Village condo sales there was again a strong sales number of 6 condos closed but a low average sales number of only $110,241. And again, it’s a familar line up of complexes accounting for most of the sales with Elima Lani having half of the sales with three, Fairway Terrace in with two sales and Makana Kai At Wehilani had one sale. Finally, distressed sales- short sales or REO’s (bank owed properties)- were the main condos that buyers wanted with 5 of the 6 sales falling into this catagory.
Elima Lani Unit 308 was the top seller at $130,000
There was again a condo sale in the $70,000 range—Fairway Terrace unit A 101 closed at a sales price of only $75,548 for a two bedroom unit. The high sale of the month was an Elima Lani unit that had been listed at $159,900 and was not a distressed property, closing at $130,000. This condo had been remodeled with granite counters in kitchen and baths, tile, new laminate flooring, and new paint. All this and the best it would fetch was only $130,000.
One big note of concern for the next few months of sales is the large slow down in condos going into escrow. In the last 90 days Read entire post →
Prospective buyers looking in the Hawi and Kapa’au area we call “Kohala” are often puzzled by the jump in prices from the little plantation-era cottages that today sell for $300,000 or less, to the $1 million and up range in communities like Maliu Ridge. There doesn’t seem to be much listed in the middle. That’s why I was so excited to see two great deals last week, one a price reduced short sale (MLS 235163) and one a new REO –the technical term for “foreclosure” (MLS 237400) – for under $500,000 !
You don’t need a million dollars to land bank. How about this gorgeous Kohala-by-the Sea lot (MLS# 231301) listed for $275,000 and offering Seller Financing.
There have only been two sales of Kohala-By-The-Sea parcels of land so far in 2010 – one for $215,000 and one for $300,000. Land loans are still scarce Read entire post →
Big Island ranch and equestrian properties are mostly “upcountry.”
Enjoy ranch living with Kohala Coast Views at this Puakea Ranch Residence (MLS #235911)
Most of the working ranches and equestrian properties for sale on the Big Island are at higher elevations: Waimea/Kamuela (for example MLS# 233688); Waikii Ranch (MLS# 235515); the area along the Kohala Mountain Road between Waimea and Hawi (MLS# 224465), or even the hills above Kona (MLS# 231820). These areas are more comfortable for livestock, and less valuable for both the sugar cane plantations of years past and modern day resorts. When famed Parker Ranch sold off lands for development, Kohala Ranch was created in a strip that has lots and homes from 300′ above sea level to 3,000′ high. The properties with barns and horse paddocks are up at the Summit (MLS# 232550 is an REO). Read entire post →
Why do celebrities such as Megan Fox and Brian Austin Green get married at the Four Seasons Hualalai?
This picture just about says it all…
According to People Magazine, Megan Fox and Brian Austin Green were married in a sunset ceremony June 24, 2010 on the beach at the Four Seasons Hualalai resort on the Big Island’s Kohala Coast. The actress wore a white Armani wedding gown and chose a local Hawaiian “priest”—a Kahuna—to perform the ceremony. One bonus to being married here? Short commute to a Hawaiian honeymoon!
Asking $8,950,000 for this Hualalai Estate (MLS# 229567), Four Seasons Resort, Kohala Coast, Big Island.
If I were Megan and Austin’s Realtor, I would recommend Read entire post →
