Kulalani at Mauna Lani has its first REO (bank owned) condominium 8 days new on the market (MLS# 242570). Priced at $530,000, this unit is approximately 53% of its original selling price in 2007 of $990,000.
There are two different buildings at Kulalani—both award-winning for their design and style. One is a six plex with single car garages for each unit, such as the Fairways. The second is a four plex with two car garages, larger square footage, more privacy, and additional parking spaces provided in front of each of the garages; something you do not have in the six plexes.
This beautiful end unit is a true double master suite town home with one suite upstairs and the other down—both with their own lanais. The view is of the large expanse of lush gardens and trees (and a slice of pacific blue) separating the complex from the adjacent neighbors, Ka Milo.
The amenity complex is, in my opinion, one of the best on the coastline. It boasts six acres of lush landscaped vegetation surrounding the family lagoon-style pool and gathering hale with its professionally designed outdoor kitchen. There is a second adult pool for lap swimming, or just quiet reading next to the fully equipped workout hale and showers.
There are just four condos available in Kulalani, and frankly, with this largest unit priced lower than all of the others of way less size, I don’t expect it will last long!
The procedure for a REO property is that it is offered to owner occupied for the first five days of release…and then to investors if no acceptable offer is made. This is day 9 and I am available to write your offer now!