Kulalani at Mauna Lani is a beautiful condominium community on 25 acres of lush manicured grounds bordering the golf course. It boasts a top notch amenity center with two gorgeous pools and a well equipped workout facility and two spas.
One unit is pending and 7 more are reported sales for 2020 to date. Six of those were cash sales and one was financed by a mainand lender with strict collateral conditions.
Due to the Covid and travel quarantines, all but the last reported sale were negotiated prior to the pandemic conditions.
Date. Price. Size Bed/bth Location
2/28. $640,000. 1631 sq. ft. 2/2.5. #2402
3/16. $805,000. 1913 sq. ft. 3/2. #2005
3/20 $635,000. 1631 sq. ft. 2/2.5. #2403
3/24. $639,000. 1331 sq. ft. 2/2. #2001
4/21. $629,000. 1331 sq. ft. 2/2 #1001
4/23 $650,000. 1631 sq. ft. 2/2.5. #1003
5/6 $525,000. 1331 sq. ft. 2/2 #401
Update on the Pending Lawsuit
The lawsuit between the Homeowner’s Association and Stanford Carr Development is in the discovery phase which is followed by depositions. However; the COVID-19 has interrupted the schedule due to several parties, including counsel, are off island and unable to travel due to the quarantine. An update will be provided once a new schedule can be determined.
This ongoing legal action has all but halted conventional lending within the complex and slowed sales. Is this a good opportunity to negotiate a cash purchase on that second home of your dreams?