Puako Market Update at year-end 2013

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!

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