Deal: Puakea Bay Ranch Luxury Home for Sale (North Kohala) is NOT a Short Sale
Puakea home for sale (MLS# 230535) at about half of what the Sellers have into it in construction cost!
Imagine an almost-new 7,000 sq. ft. luxury home with 3,000 sq. ft. of lanai facing unobstructed ocean-sunset-Maui views which the sunny weather of the Kohala Coast allows you to enjoy daily.
Price: $1,600,000 (-$600,000)
Price/sf: $231.21 (Puakea average price/sq. ft.: $503.73)
Over the past six months, a number of Hawaii Life buyers have been lucky enough to get their hands on “screaming deals” that were not short sales, thanks to diligent sleuthing and negotiation. Like the Kolea condo appraised in May 2009 for $1,700,000 and sold in November for $1,050,000. Or the house on the Hamakua Coast listed for $1,400,000 that sold for $600,000. This Puakea Bay Ranch residence, located just around the corner from Hawi in North Kohala on the Big Island, is that kind of opportunity.
The Sellers know that the number of visitors to Hawaii falls off this time of year, and real estate sales typically slow for a few months. They asked the question what level of price reduction it would take to get an offer in the next few weeks. We decided that with the only other houses at Puakea Bay Ranch for sale right now being an oceanfront estate listed at $13,750,000 (MLS# 232548) and a short sale listed at $1,850,000 (MLS# 218043), the best way to get the offer they are seeking is to reduce their asking price $600,000 to bring it under the short sale’s price.
The house also has 3,000 sq ft of garage so you have room for all the toys your 10 acre lot and pool might require. The back half could become a barn for the horses you keep on the property to ride the equestrian easements in this gated oceanfront equestrian community!
Just think—by the time a short sale negotiator is assigned, the buyer of this screaming deal could already be living the Hawaii Life in their new home!
A hui hou!
Beth Thoma Robinson, R(S), SFR