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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!

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.