COVID19 UPDATE
Hawaii

Kulalani at Mauna Lani May 2020 Update

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.

Sales Activity

Currently 5 townhomes are for sale ranging in price from $734,000 – $899,000 (MLS #635900, 632185, 625346, 636893, 634671)

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.

SOLD:

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?

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