There are now two great options on the Bluff at Puu Lani Ranch. Just two of the seven homes along the Bluff are currently on the market. Just a few lots away from each other, both of these luxury homes have expansive and unobstructed views of the Kohala Coast, Hualalai, and Pu’uwa’a.
Both homes were built by one of the Big Island’s premier builders, Maryl Construction, back in the early 90’s, both homes are approximately 3,200 square feet, and sit on little over an acre.Â One is priced at $599,900 and the other $1,049,000. So, what’s up with that? Well, one is a home lived in and cared for by the sellers. The other is a vacant bank owned REO/foreclosure that has seen better days.
71-1626 Pu’u Napo’o Drive (MLS#Â 236336) priced at $1,049,900 is a stunning home. This resort-style home is in top condition and has been stylishly updated. The landscaping, the pool, the interiors, everything has been meticulously maintained and cared for by the current owners.Â All of the homes along the Bluff have gorgeous views, but this home is particularly well sited and the views are dramatic. The buyer for this home is looking for a great home that they can move into day one.
71-1666 Pu’u Napo’o Drive (MLS# 243967) priced at $599,900 could be a stunning home. It is also a resort-style home, but it desperately needs some attention and updating. It has clearly sat empty for a while. That said, the $450K or so difference in price would buy you a lot of upgrades and repairs.
Foreclosure are often a bit sad. The landscaping is overgrown. There are lovely lava rock walls I am sure under all the vines, and on a recent visit, I searched in vain for the pool equipment housing area. The pool is semi-drained and has an unattractive protective cover of chicken wire.Â Yet, the patio area around it seems in good condition, and the views of the Kohala Gold Coast and Hualalai are spectacular.
The homes interior and exterior are actually in much better shape than the grounds. Carpets need to be replaced and floors refinished. Kitchens and bathrooms are original and need updating, but the room sizes and floor plans are wonderful, and like the home above, there are views from almost every room.
As the power and water were off at the time of my visit, I have no idea about the mechanical condition of the home, and this isÂ definitelyÂ a home you would want to have a professional home inspector take a look at. If the mechanics are okay, then the cosmetic issues seem very solvable. With a little elbow grease and some checks written this home could be lovely again, and the views, well, the views need no improvements.
As the market heats up here, I expect the REO/foreclosure to go quickly. Now might be a good time to make an offer on the more expensive done home as well. The sellers and their agent I am sure are well aware of the low price option just down the street and might be willing to make a deal. I am game to help some lucky buyer try.
Click here for a gallery of luxury REO/foreclosures and short sales on the Kona Coast.