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December 2013

Puako Market Update at year-end 2013

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The Puako/Wailea area has been very active this year, especially these last few months.  If you have been considering purchasing real estate in this unique oceanfront community, nestled between the Mauna Kea resort and the Mauna Lani resort on the Kohala Coast of the Big Island of Hawaii, there are still plentiful opportunities to find properties before it gets more expensive.  Ready to make a move now?  Here is what happened in Puako in 2013 and what is presently offered.

 PUAKO HOMES

A magnificient oceanfront estate got listed at $7,850,000 just a few days prior to Christmas. A professionally designed home offered complete with custom furnishings, art and accessories. If you are not yet familiar with Puako, it is a non-gated oceanfront community (no HOA fees) along the Kohala coastline.

Puako

69-1736 Puako Beach Drive (MLS #269373)

There are three other homes for sale in Puako: two on the Makai side (on the ocean side) of Puako Beach Drive and one on the Mauka side (on the mountain side).  Prices vary from $1,100,000 to $5,950,000.

There have been 9 closed sales in the community in this past year, including three oceanfront lots with various forms of fixer upper between $2,850,000  and $4,450,000 and 5 Mauka properties selling from $740,000.

PUAKO CONDOS

The Puako condos are across the street from the ocean and this is the only condominium complex in this charming residential neighborhood. It is 4 stories with an elevator, two swimming pools, and on-site resident manager.

Puako-appmts

Puako Beach Condominium

Three 3/2 condos (living area: 920 sqft) sold this year from $380,00 to $425,000.  Unit #105 located on the 1st floor is presently listed at $448,000 (MLS #266621).

PUAKO BEACH LOTS

There are three oceanfront lots for sale at the beginning of the street starting at $4,900,000. These magnificent homesites may be the last opportunity to build on oceanfront estate with so much land.  No design restrictions and over 2 acres of building area. The developer is in the process of getting seven oceanfront lots approved and taking reservations.  Prices start at $3,500,000.

The developer has done a tremendous job preparing the lots and the area for building. The property is surrounded by a beautiful rock wall, with paved and gated entrances for each lot. Inside, the developer has opened the view lines while keeping the majestic trees on the property and has planted many more including fruit trees.

Puako Bay

Puako Bay (MLS #262974, 264795, 262975)

Two oceanfront lots sold this year, a 16,679 sqft parcel sold for $1,950,000 and a few weeks ago the multi-parcel lot (1.64 acres) next to the Sullivan Estate sold for $4,250,000.

Puako is not for everyone – don’t expect an exciting nightlife but to be part of the surrounding natural beauty of Puako’s marine preserve. Make your dreams happen next year and beyond!

Just Listed Colony Villas With Full Price Offer In 2 Days

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My colleague Brandon Hickman, and I just listed Colony Villas 2401 located in a gated community within the Waikoloa Beach Resort. The listing immediately generated considerable interest and we were able to present our sellers with a full price offer in just 2 days.

MLS 268915 Offered At $379,000 

Layout And Features

Colony Villas 2401 is a 2 bedroom 2 bath town home with newly installed wood floors and floor to ceiling windows that span the 2 story great room and bring in lots of natural light. The property is being sold turnkey furnished. This makes it easy for a resident owner to move right in or allows the next owner to continue its success as a popular vacation rental with no additional start up costs.

Amenities in the Colony Villas include two separate pool areas complete with lounge chairs on the pool deck, hot tubs and BBQ areas. There is also a recreation room for indoor events, a fitness center and tennis courts.

Market Update

Inventory on the Kohala Coast has been low over the last few years, but inventory under $400,000 is almost non-existent. Of the thousands of properties on the Kohala Coast there are only 5 listings under $400,000, not including Colony Villas 2401.

In 2013 there has been 33 sales of properties under $400,000 on the Kohala Coast. The large majority of those sales took place in the Waikoloa Beach Resort in the Shores, Fairway Villas and Colony Villas. As inventory continues to be limited into 2014, prices will continue to increase.

Spectacular 7 Oceanfront Lots Coming Soon – Now Taking Reservations!

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puako

Puako 7 Oceanfront Lots – Now Taking Reservations

 

Now taking reservations while we await final subdivision approval!

Puako Bay now has 7 spectacular oceanfront lots coming soon!These one-plus-minus acre lots are two to five times larger than standard Puako lots and NOT in the flood zone. These lots are priced very attractively and won’t last long! For details, please contact Tomoko Matsumoto, REALTOR® Broker, at 808.557.8689.
Lot 1 1.01 ac $3,500,000
Lot 2 1.00 ac $3,500,000
Lot 3 0.83 ac $3,800,000
Lot 4 0.81 ac $3,800,000
Lot 5 0.70 ac $3,500,000
Lot 6 0.98 ac $4,500,000
Lot 7 1.60 ac $4,500,000

Just Sold: Parcel F at Mauna Kea Resort

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Parcel F at Mauna Kea Resort

Due to slow economy, there have not been many brand new developments on the Kona/Kohala Coast on the Big Island in general for the past years.  We are now seeing investors and developers looking for large development parcels.  Finding a great development parcel, especially within a resort gate, is always a challenge.  My client was very fortunate to acquire the F Parcel, 16.9 acre (zoned RM-6) at the Uplands inside the gate of the Mauna Kea Resort, from D R Horton recently.  We look forward to providing the news on the development plan for this parcel in the future.  Our team has years of experience in development projects.  Please feel free to contact me with questions regarding real estate developments in Hawaii.

Waikoloa Beach Resort Winter 2013 Market Update

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All signs point to a continuing healthy housing market on the northwest side of the Big Island with positive numbers across the board.  The Kohala Coast market shows that the number of sales of homes is up 10 to 20%, vacant land sales are up 40 to 70% while condo sales are up 5% year to date.

 DSC_0100

Waikoloa Beach Resort Anchialine Ponds

Condo sales at the Waikoloa Beach Resort have been very active in the last 6 months with 43 sales and 10 units in escrow. Prices range from $289,000 for a 1 bedroom at the Shores to $2,750,000 for a 3 bedroom Kolea Penthouse.

Kolea

Kolea Beach Club

The only home that sold this year was a 5 bedroom ocean view Kolea home with strong rental income history.  The property sold last June f0r $2,800,000 after 1293 days on the market and 4 price reductions.  Because of low inventory of custom homes, buyers favored vacant land. 4 lots sold so far, 3 of them were generous oceanfront lots in the gated community of Naupaka Place and were sold in the $2 million range.

Pool area Fairway Villas

Fairway Villas on-site infinity pool with poolside gas grills

We currently have several condos listed at the Waikoloa Beach Resort, including a nice 2 bedroom Fairway Villas on the golf course. Unit #G4 is a ground floor unit listed at $445,000 (MLS# 268239). It is sold furnished and rents very well.  We also recently listed a 3 bedroom, 2 bath Hali’i Kai villa which provides unobstructed Pacific ocean and golf course views. Included with this villa is a single car garage and access to the private Ocean Club. This is a great opportunity to own a second home with a well established and popular vacation rental. Unit #9E is listed at $1,175,000 (MLS #267902).

Hali'i Kai Ocean Club

Hali’i Kai Ocean Club

On a very positive note, the Big Island’s visitor numbers are up an average of over 5% for the first 8 months of this year.  May be you will be one of these visitors who decided to come to the island to enjoy the beauty of the winter season. Hope to see you soon!

Rare Ocean View And Golf Course Frontage Property In Mauna Lani

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The Mauna Lani Resort on the Kohala Coast has a lot of fantastic properties to offer.  However, there is one type of property that is becoming harder and harder to find, vacant and build-able lots with an ocean view. The Cape At Mauna Lani Lot 5 is one of the last of its kind.

MLS 267532 offered at $2.69M

The Cape At Mauna Lani Resort is located in a quaint gated community with only 14 home sites. This private community is so quaint that many people do not even know that it exists. From the front gate, the community is unassuming, but enter the gates and you are greeted by unique homes that command your attention.

Lot Layout And View Planes

Drive into the community a little further and you come to Lot 5. From the community road it may just look like a large vacant lot, but once you are on the lot the view opens down the Mauna Lani South golf course and out to unobstructed ocean views. Turn your back to the ocean and you have a perfect view of Hualalai mountain. While this lot is not oceanfront, many people prefer to be just back from the ocean so you have more to look at such as the distinctive contrast of the Kohala Coast landscape of black lava, against green grass that abuts the blue ocean. 

In addition to its ocean views and golf course frontage, The Cape At Mauna Lani Lot 5 is walking distance and just outside the gates of one of the nicest white sand beaches on the Kohala Coast, also known as the Mauna Lani Beach Club.

There are just a handful of oceanfront and near oceanfront build-able properties left. For more information about this lot or others like it while they still exist, feel free to contact me.

 

Large Kona Home With A Pool And Ocean Views

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A successful vacation rental and second home, 75-441 Hoene street is a large, well-maintained 3 bedroom 3 bath home that includes a recreation room in over 2,200 square feet of living space and an open floor plan.

 MLS 265961

The Layout

The main level of this home provides ocean and sunset views. You see these views as soon as you walk in the door as well as from the dining, living and kitchen areas. Also on the main level is a large master bedroom with a walk in closet, guest room and bathroom. An open stairway leads up to an airy office. A large wrap around lanai with suspended swing benches allows you to live and entertain outdoors while enjoying the cool elevation and ocean views.

Slide02 Extra Living And Lounging Space

Downstairs is a well laid out laundry room, guest room, bathroom and large recreation room. The recreation room includes a wet bar and is a great space for games, relaxing or could double as a separate living area from the main level. As you see in the picture below, this space currently has a few punei (day bed), which are perfect for naps after a long day in the pool.

Just minutes from shops restaurants and beaches, this property is located in the Kailua View Estates neighborhood at a comfortable elevation of approximately 600 feet.

Offered fully furnished at $749,000, this property is ready for you to move in to and start using as your primary residence or a second home that doubles as a vacation rental.

Kohala Ranch Heathers: Lucky Bennett designed home with pool and big ocean views

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Pool_South

Solar Heated Pool and Stunning Views of the Kohala Coast

The buyers who came by the Kohala Ranch Thanksgiving week-end Open House expressed to me once again, as far as location is concerned, their preference for the Heathers, the lowest section of Kohala Ranch.  The proximity of the Kohala Coast and the warm temperatures are definitely a draw to buyers.

Kohala Ranch Winter 2013 Market Update

The seven current listings in the Heathers range in price from $1,249,000 for a 1988 home with only two bedrooms and fantastic location to $2,995,000 for a home on 5.07 acres with over 8,000 sq.ft and six bedroom suites.

This first section of Kohala Ranch was developed in the early 90’s and some of the home styles can look and feel dated. It turns out to be not true for this elegant Lucky Bennett home currently listed at $1,895,000, (MLS #263082), completed in 2003 and continually upgraded by the present owners starting in 2005.

Kitchen_1

Gourmet Kitchen with Viking Appliances and Fisher Paykel Double Drawer Dishwasher

Lucky Bennett designed home with numerous features and upgrades

This is a 4 bedroom, 3 bath house with 3,000 sq.ft. of interior space and over 800 sq.ft. of covered lanais for outdoor living. The home is situated on a very private 3 acre lot and enjoy stunning views of the coastline, Hualalai, Mauna Loa and Mauna Kea.

Besides upgrading exterior (i.e. Mahogany garage and front doors were installed) and interior details (i.e. wood ceiling in great room and master bedroom were installed) the sellers also worked on extensive landscaping, installed solar heating for the pool, central A/C and a photovoltaic system with 24 panels.

Dining

Wood ceiling in great room and upgraded ceiling fans

With the market heating up this property might be the next one to go. I like to show it with anyone looking for a private and energy efficient home where entertaining outside, enjoying the swimming pool and watching the sunset are part of their Hawaii lifestyle.

 Kohala Ranch Sunset

 View from the lanai: spectacular sunset over the Kohala Coast

Lowest Price Per Square Foot Home In Kona

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If you are looking for a home in Kona under $400,000 you have noticed that your options are slim. Offered at just $359,000, 73-1228 Kaiminani drive is lowest price per square foot home in Kona.

 New Living room

Priced To Sell Quickly

Sitting on 10,210 square feet of land, this home features 1,718 square feet under roof and all on one level. There are 4 large bedrooms and 2 bathrooms with a bonus room off the dining area.  The large windows in this home provide lots of natural light and airflow. A unique feature of this home are the white pine walls in the living space. The natural light that flows into the home make this home feel like a bright and spacious cabin.

MLS 266716 Hoomana House Driveway edited

Exterior Features

The landscaping at this property is easy to maintain with lots of potential to elaborate if you enjoy gardening. When you first drive up to the property you are greeted by well sculpted and extensive rock wall work. There is a two car carport with an outside storage closet, an additional storage closet on the side of the house and lots of storage inside the home.

One of the hidden treasures of this property is behind the house. A large cement slab in the back of the home is positioned perfectly for a picnic table and umbrella. Enjoy expansive ocean, sunset and coastline views from this back recreational area.

Hoomana View Edited

This is a large, charming home with lots of square footage for the price. This home has lots of potential and would be a great starter home, rental or retirement home. With a slim selection of houses under $400,000 I don’t expect this home to last on the market long.

Award Wining Hawaii Business For Sale – Trudy’s Island Arts

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Over the years, I’ve had a number of clients who have wanted to move to Hawaii, but finding a job was the one thing keeping them from their dream. Here’s a solution to the problem. How about buying a business like Trudy’s Island Arts?

Gifts By Local Artists

Trudy Farley has spent the last 10 years building the successful retail business of Trudy’s Island Arts. Making connections with over 60 local artists, Trudy’s Island Arts offers a wide variety of mediums from paintings to jewelry to Christmas ornaments. You will also find interesting pieces that make great gifts such as pens carved out of local woods, hand painted silk scarves and one of her best selling items, the etched glass wine stopper.

Prime Location Equals Booming Business

Located in the Kona International Market Place shopping center, the storefront captures visitors attention with colorful, fun and uniquely Hawaiian displays of what is inside. The location of the store within the shopping center is right in front of the daily Kona Town Trolley stop, which has been great for business. In fact, business has been so good that the store has had to expand 3 times. The shopping center also provides a shuttle service for cruise ship passengers on days when the cruise ship is in town.

Turdy’s Island Arts MLS 268545

Offered at just $75,000 and grossing $200,000 in 2012, Trudy’s Island Arts offers a lucrative opportunity for someone to walk into a fun, turnkey business. With established business affiliations and awards such as its recent title of “#1 Gift Shop In West Hawaii”, Trudy’s Island Arts has become known as a convenient location for gifts and souvenirs for visitors and residents.