In my blog post about the real estate feeding frenzy along the Kohala Coast, I mentioned that oceanfront condominium communities seemed to have the best selection and relative deals (probably due to their highest price points). The inventory is shrinking as I write, but having written about the Hapuna Beach Residences at the Mauna Kea Resort and the condos at Mauna Lani Point, I still have to cover Halii Kai at Waikoloa Beach Resort.
Halii Kai – Oceanfront Condo Complex with On-Site Dining
What makes Halii Kai most unique among all the resort communities is its oceanfront amenity center with a poolside bar and grill, open only to homeowners and their guests. For that reason alone, it has always been my view that it should sell at a premium — and yet most units are still selling at a substantial discount to developer prices in 2006-2007.
So far in 2021, three sales have closed at Halii Kai, and another nine units are in escrow, including two of my listings with offers accepted in the last week! That makes 12 sales so far in 2021; last year only 7 condos sold at Halii Kai.
There are six active listings with a big span in asking prices. At Halii Kai, the same floor plan in a building with different views sells at a different price based upon location premium. For example, the largest Halii Kai unit, a 3 bed/3bath townhouse style condo, is offered for $840,000 in the Coconut Grove with a garden view; $1,190,000 with a golf and ocean view; and $1,925,000 with a direct oceanfront location.
Of course, as inventory shrinks, more owners will be encouraged to sell. If you donʻt see the unit that suits you listed, let me know so I can alert you when it appears on the market!