Kauai REO Foreclosures Gain Speed, Hitting Koloa and Kauai Beach Resort Condos

The foreclosure market is gaining speed and we expect the many foreclosures that are set to come online will dictate real estate market values during 2010 into 2011. Hawaii Life is getting all the Washington Mutual and JP Morgan Chase Bank Real Estate-Owned (REO) properties for Kauai. Check out what we already have to offer:

Lihue

Kauai Beach Resort unit 3108 (MLS# 233400) is a ground floor unit with direct access to pool and beach areas, and is listed for a mere $71,300.

Residents at the Kauai Beach Resort can go for a swim or soak in the sunshine at the pool, just a few feet away from the beach

Unit 3303 (MLS# 233397) is on third floor with ocean and mountain views, and is also listed for just $71,300.

Watch out for Kauai Beach Resort Units #2349, 2306, and 1118, all REOs coming online very soon.

Koloa

3556 Old Mill Place (MLS# 232522). This REO actually includes two remodeled homes on one 18,000 sq ft lot—for only $539,500. What a deal! This property is located in the heart of Koloa Town near Poipu Beach.

This Koloa, Kauai REO features bamboo floors and a remodeled kitchen with granite counter tops and stainless steel appliances

Recently Sold REOs

• 4769 Opukea Street (MLS# 230075), 3 bedroom 1 bath house sold for $185,000.
• Islander On The Beach #266 (MLS# 231610) sold for $78,500.
• Kauai Beach Resort #2308 (MLS# 230708) sold for $76,000.

To learn about other newly foreclosed REO properties on Kauai, contact us at soldteam@hawaiilife.com.