The million dollar luxury home market in Kona is seeing a lot more activity.Â Last year, in the first two months of the year only one home priced between $1,000,000 to $1,500,000 sold. This year, four have sold and 3 more have gone into contract in the same time period.Â With 28 homes currently on the market, there is still a lot of inventory, but it isÂ definitely an improvement.
So, what’s selling? All the homes that have sold, except for one, have the same description;Â One story, resort-style homes in gated communitiesÂ with expansive ocean views, and great rooms with disappearing walls that open up to aÂ pool. Updated kitchens and bathrooms are also a must.
Looking through the available homes, there aren’t many homes with this description currently listed for sale. My best buy in ocean view luxury homes this month is in Keauhou Estates, a gated community just above Keauhou Bay, surrounded by Kona Country Club’s Mountain Golf Course. The four bedroom, 4 bathroom ocean view home with a pool is well priced at $1,099,000 (MLS# 241872).
For many homes online, the pictures are better than the actual house turns out to be. In this case, the home is much better than the pictures. The view is incredible and can be seen from the great room, the pool area, the kitchen, and the master bedroom as well. In excellent condition with anÂ updated kitchen, several guest suites, and a media room, this is a ready-to-move-in property perfect for entertaining family and friends. The property is on the more desirable ocean side of the road where its east west orientation captures breezes as well as thoseÂ amazing, unobstructed views of Keauhou Bay and the Kona coastline.
Keauhou Estates is a lovely community of resort-style homes, manicured yards, and stunning ocean views with the extra security of having a live guard on-duty 2 hours a day at the gate.Â Just minutes away from Keauhou Shopping Center, golf, and Keauhou Bay, it’s an ideal location for either a second or full time home.Â It is no surprise that one of the four homes that sold so far this year is another home in Keauhou Estates.
For a look at all the homes currently for sale in Keauhou Estates take a look at this gallery, Keauhou Estates Homes for Sale.