A number of harbors take up a good portion of prime real estate along the way…Ko Olina is a resort along Oahu’s leeward or west shore. The climate is very similar to the resorts on the western shores of outer islands like Maui’s Kaanapali and the Kona side of the Big Island. It is also a relatively new resort and kind of reminds me of what Kaanapali was like when I was a kid there in the early ’80’s…
There’s a number of newer construction condo projects there, however only 2 oceanfront complexes: Kai Lani (built by Armstrong builders in 2003) and The Beach Villas at Ko Olina (Recently built by Centex). Although both on the ocean, they are quite different. Kai Lani is more of a low rise, town home style & The Beach Villas are in a high rise on one of the man made lagoons. Some of the other properties that front the ocean in Ko Olina are the Ihilani by JW Marriott, a timeshare project by Marriott and Hawaii’s soon to be built Disney themed hotel.
Ko Olina real estate has been hit harder than other areas of Oahu because the majority of the people that bought were speculators and second home owners. There are a number of short sales & foreclosures on the market there. This in my opinion is a good time to buy within the next year. In addition to the Disney hotel going in, there are now going to be retail shops and a convenience store so you won’t have to drive all the way to Kapolei to pick up some necessities. Once these projects are built, there won’t be a whole lot left there, especially when it comes to oceanfront!
Here’s a gallery I put together of Ko Olina oceanfront condos. Enjoy 🙂