As we finished vacuuming and dusting our new listing at 5781 Ahakea St. (MLS# 237785), the neighbors on the street were gathering for their bi-monthly “block party.” With dozens of children of all ages, the families gathered to partake of a huge feast. Grilled steak, barbecued chicken, asparagus wrapped in bacon and grilled, tuna salads, chicken salads, and an assortment of vegetables, salads, and desserts. What a friendly environment and a great place to live. Read entire post →
Wailua
Featured
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- Maui Beachfront Land...Not so Much Available
- $2 Million Reduction on Diamond Head Oceanfront Home
- Real Estate Opportunities on the Big Island - June 2010 Sales Stats
Wailua Real Estate – Nonou (Sleeping Giant) Mountain Home in Great Neighborhood
Posted by Ron Margolis, RA, ABR on August 17th, 2010 |
Tags: For Sale, Hawaii, Homes, Kauai, Life, Wailua
The Frank Lloyd Wright of Hawaii – Vladimir Ossipoff
Posted by Ilona Coffey, RS on August 5th, 2010 |
Tags: Architecture, Deals, For Sale, Frank Lloyd Wright, Hawaii, Homes, Honolulu, Kauai, Oahu, Ossipoff, REO, Wailua
Liljestrand House above Honolulu
Most everyone who appreciates architecture knows Frank Lloyd Wright’s work, and in Hawaii, we had another great man who left his mark on our beautiful islands.
Vladimir Ossipoff has been called “the master of Hawaii Modern architecture,” ”the dean of residential architects in Hawaii,” and “the premier postwar designer of kama’aina-style residences in Honolulu.” Perhaps the most famous of which is the Liljestrand House pictured here.
Ossipoff’s Liljestrand House with views of Honolulu.
Today, on Kauai, you can purchase a home designed by Ossipoff that is currently listed as an REO for just over $400K (MLS# 235840). It sits on the rim overlooking the Wailua River Valley on Kauai’s fabulous East Side. The views are incredible from this simple home that need just a bit of TLC.
My husband and I looked at this home a few years ago and thought it was an amazing opportunity at just under $1M. Read entire post →
Bomb Shelter or Luxury Kauai Studio? You be the Judge
Posted by Ilona Coffey, RS on July 15th, 2010 |
Tags: East Side, For Sale, Kauai, Luxury, Studios, Wailua
If you have a taste for a a unique, modern, high tech, micro living space, perched on a mountain ridge overlooking the beautiful Garden Island of Kauai, then this might be the opportunity of a lifetime.
Pomakai Doors with a surprise
I first saw this house (MLS# 235986) several years ago, and when I approached the entry it look pretty much like an electrical sub-station, or a bomb shelter. Solid Concrete, Brick, and zero landscaping. What I found as I turned to enter the magnificent Stainless Steel Doors, was a very contemporary, unique and expertly designed living space with a view of forever. Read entire post →
Wailua Real Estate Special – Buy One Get One Free
Posted by Ilona Coffey, RS on June 8th, 2010 |
Tags: For Sale, Hawaii, Homes, Kauai, Luxury, Vacation Rentals, Wailua
Now that’s something you don’t often find when talking about Real Estate; equally rare is this unique property in Wailua, on the island of Kauai.
Let God be your gardener for this Wailua home for sale
Buy This…. Stunning custom built executive home (MLS# 235557), nestled against the stream overlooking the Nonou Mountain Reserve, and get a completely separate three bedroom, two bath vacation rental approved home for free. Read entire post →
Kauai Foreclosure Update – March 30
Posted by Ron Margolis, RA, ABR on March 30th, 2010 |
Tags: Condos, Deals, For Sale, Foreclosures, Homes, Kapaa, Kauai, Land, Lihue, Princeville, REO, Short Sales, Wailua
While we have a few new REO listings and there are 16 Kauai REO properties in escrow, we continue to see an increase in short sales. Once the major lenders launch their participation in the HAFA program, we will continue to see more short sale opportunities and hopefully the time frame from writing an offer to a successful closing will get shorter. As an advanced member of Distressed Property Institute, we have a website that will help you understand what HAFA is all about.
Here are the latest list of Kauai Short Sales and Kauai foreclosures for the last two weeks.
1) Two excellent Princeville condo opportunities listed in the last couple of days. 
The Plantation at Princeville is a complex of 68 two and three-bedroom condos. Unit 622 (MLS# 233255) is a short sale listed for $415,000. Three bedrooms and three baths and this list price is now below the developer’s original prices in 2004 when the project was started. Each unit has a single car garage.
Plantation at Princeville short sale until location within complex
The other Princeville value (may be sold by the time you read this posting), is an REO at Nihilani at Princeville for $418,900, a modern condo complex of 34 triplexes (the last three units are just being built).
3 bedroom unit, turnkey vacation rental, Nihilani at Princeville Resort
The location of Unit 13C (MLS# 233385) is by the front entrance and on Pepelani Loop, so it will be a busy location. BUT, the unit has multiple upgrades including plantation shutters, built-ins in the closets and in the office, and appliances like a Fisher-Paykel dishwasher (I want one of those, you don’t have to scrub the dishes before putting them in the unit). A three-bedroom Makani floor plan has never sold at Nihilani for under $500,000 so this unit is definitely a deal.
2) In the condotel space, we have six new listings Read entire post →
Deal: Wailua “Rim Lot” Home – Living on the Edge
Posted by Ilona Coffey, RS on March 22nd, 2010 |
Tags: Deals, For Sale, Hawaii, Kauai, Wailua
If you like “living on the edge” you may like this house (MLS #228188) I toured last week that sits perched right on the edge of the beautiful Wailua River Valley.
Wailua “rim lot” home means you won’t have new homes being built next to you.
Price: $995,000 ($-300,000)
The Views are amazing and the house sits on one of the largest lots in one of the most upscale residential neighborhoods on Kauai’s beautiful East side. This is what we call a “Rim Lot” meaning you are on the rim of the Wailua River Valley which is a State Park area, which means God is you gardener and won’t be building houses there. I live in a home on a rim lot and I can tell you, it is inspiring. Read entire post →
Distressed Property Seminars Offered By Hawaii Life Kauai
Posted by Ron Margolis, RA, ABR on March 16th, 2010 |
Tags: First Time Buyers, Foreclosures, Hanalei, Hawaii, Kapaa, Kauai, Koloa, Lihue, Poipu, Princeville, REO, Short Sales, Wailua
Time is running out for the extended first-time homebuyer’s tax credit.
Join the experts from Wells Fargo Home Mortgage, Title Guaranty Escrow, Hawaii Life Real Estate, and 101 Financial who are co-sponsoring four free first-time homebuyer seminars on March 22, 24th and 26th and the following week on April 1st. Register online →
Sometimes when buying a first home, home buyers can get overwhelmed by the paperwork and the process. By attending this seminar, you ‘ll get a great head start on understanding this process of home ownership and acquire the knowledge that will help you be more confident when purchasing. Attendees are suggested to bring a notepad to take notes, and there will be plenty of handouts for each of the seminar participants sponsoring the event.
Learn
- How banks function in distressed property sales, like short sales or REO (real-estate-owned by banks) transactions.
- How the new HAFA (Home Affordable Foreclosure Avoidance) program will streamline the short sale process and improve the environment for Kauai home buyers.
- About the New Downpayment Assistance Program for New Home Buyers.
- About the USDA Rural Housing no-money down programs and FHA loans.
- How the escrow process works as we explain step-by-step how a successful real estate transaction is completed.
Our group of presenters will tell you what you need to know and help you avoid an potential scam that may come your way. Read entire post →
Kauai Farming Classes To Be Held At Kauai Community College
Posted by Sagar Hallal, RA on February 27th, 2010 |
Tags: Education, Hanalei, Kapaa, Kauai, Kilauea, Land, Life, Lihue, Wailua
It seems so simple: put some seeds in the ground, water them, harvest the results. But anyone who’s experienced the joys and frustrations of growing a vegetable garden knows how thoroughly complex it can be. Multiply that by 10, or a hundred, and you’ve got the life of a farmer.
So, we are very thankful for people like Glen Hontz. Glen is going to be launching a 15 week Organic Gardening and Farming training program on March 4, at the Kauai Community College, meeting for 5 hours every Thursday till June. Read entire post →
Wailua Rim – Better than Oceanfront?
Posted by Sagar Hallal, RA on February 3rd, 2010 |
Tags: Homes, Kauai, Luxury, Wailua
Towards Waialeale
I live above the ocean. For me, it’s not so much about the view as about the sound. However, IF I DIDN’T live near the ocean, I might very well want to live on the rim of the sacred Wailua River Valley.
From the backyards of the very limited number of homes fortunate enough to be perched on the rim, the views rival any on Kauai. Not to mention the spaciousness, quietude and the feeling of peace – the Mana – that radiates from the valley. Some of these properties even have private trails that wind their way down to the rocky river.
Simple and well-designed.
Currently, there are four active listings on the rim that I like a lot:
6364 Kaahele St, a short sale listed at $549,000, is a well-designed older home.
6380 Kaahele St, a lovely newer two story home listed for $885,000.
5663 Ohelo Rd, a sprawling home that’s currently a B & B – there’s a second home on the property as well – listing for $1,100,000.
6935 Leimomi St, a gorgeous older home on almost an acre, listed at $1,188,000.
Floating with nature.
As well as the aforementioned knock-out backyard views, these homes are all 5 to 10 minutes from Wailua Beach and some of Kauai’s best shopping, and 5 to 10 minutes from some of Kauai’s best hiking.
Are these properties good values? Considering that that they would fetch maybe 3 to 4 times as much if they were on the ocean, I would say so. For those who want a front row seat for Kauai’s majesty, these are definitely worth a look. There’s a reason that the Wailua River Valley was considered the land of the Ali’i.
Sagar Hallal, RA 808-652-3237
Kauai Weekly Foreclosure Update and Kauai Market Statistics
Posted by Ron Margolis, RA, ABR on September 28th, 2009 |
Tags: Foreclosures, Kauai, Lihue, REO, Sales Stats, Short Sales, Wailua
Of the 33 new listings this week on the island of Kauai, 8 of the properties are distressed properties. By that I mean that either they are a “short sale”, are an REO (bank-owned) or the owner has missed several payments on the property. In some cases a property may require a Distressed Property Addendum because the sellers have been unable to pay their mortgage but it may not be a short sale.
Highlights of this week’s Kauai distressed listings include a very nice home in the Molokoa III subdivision of Lihue listed at $559,900 and one my short sale listings, a fantastic Wailua Rim home listed for $659,000 (previously sold for $1,049,000 in 2005). That represents a price reduction of just about 37% on the 4 bedroom home on the Wailua Rim.
Newer Lihue Subdivision with very nice homes
Large Wailua Rim Home with lots of privacy
While the number of properties going into foreclosure on the island has slowed down a bit, it’s interesting to note that during the month of September the number of properties going into escrow indicate a higher percentage of interest in our distressed properties. This is compared with September’s already closed sales. See the graphs below to see what I’m talking about. Interest rates are hovering between 4.75 and 5.375 per cent and of course first time home buyers must close escrow by November 30th in order to qualify for the $8,000 tax credit.
New Escrows on Kauai Sept. 09
View my private Kauai foreclosure gallery on the Hawaii Life website and by all means, take advantage of this cool feature in the newest version of Hawaiilife.com to build your own galleries so you can visit them often and visualize the property you are going to purchase on Kauai. The affordability factor continues to improve.
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