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Beach Villas at Ko Olina Controversy with Developer

The Beach Villas at Ko Olina is the most grand of the condo projects in Ko Olina.

This Ocean Tower unit #306 (MLS# 1102202) was just recently listed for $1,095,000

As grand as this project has been, not everyone is happy. According to a recently article in the Star Advertiser, the homeowner’s association is in the midst of legal battles with the master developer of Ko Olina, Jeff Stone. Obviously, there are two sides to every story. Some are disappointed with Stone, while others are happy with his direction of making Ko Olina a world-class resort.

The one thing about homeowner’s association lawsuits, however, is it makes resales hard to finance. I have yet to check with local lenders on this, however, whenever financing dries up on a project cash is king. If you are a cash buyer, there may be some opportunities here. Ko Olina offers an incredible lifestyle and this may be an opportunity to buy the most upscale beachfront project in the development.

If you’re interested in living your Hawaii Life in Ko Olina, contact me for more information.

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Beth Thoma Robinson R(B)

February 28, 2011

Rich, you may recall I worked for Centex which developed Hali’i Kai and Kolea on the Big Island as well as the Beach Villas at Ko Olina. I know many people who bought at several of these properties, and none of them regret their purchase! As you say, it is all about the lifestyle.

Beth Thoma Robinson R(B)

February 28, 2011

Rich, you may recall I worked for Centex which developed Hali’i Kai and Kolea on the Big Island as well as the Beach Villas at Ko Olina. I know many people who bought at several of these properties, and none of them regret their purchase! As you say, it is all about the lifestyle.

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