NEW Price In Holualoa: 2 Homes On A Single Parcel!

****78-6664 Mamalahoa Property Update: Price has been reduced to $595,000****

Check out my great new listing in Holualoa! 2 homes located on a 24,176 sqft lot, WITH ocean view are now available! Unique offerings like this do not come on the market often, even less so in the highly desired area of Holualoa!

78-6664 Mamalahoa Hwy I MLS 282201 I $595,000

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Located North of the Donkey Mill Art Center, on the oceanside of Mamalahoa Hwy this offering is perfect for investors who are looking to maximize rental income, larger families with additional space requirements OR the first time home Buyer who is looking to supplement their income!

1st Home: Affectionately known as the “Blue House” this comfortable 3bed/1.75bath home with high ceilings has been significantly upgraded with NEW roof, paint, windows, washer/dryer and much more! There is a work shop area below the home, and the home has been professionally staged for marketing purposes.

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2nd Home: Original home is currently tenant occupied and located on the ocean side of the property. Spacious 3bed/ 2 – 3/4 baths with additional den, offers wood flooring, ocean views and multiple lanai areas. Home has a new roof, assigned parking and private yard area. Below this home is an expansive area for your garden or tropical plantings.

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Holualoa Real Estate, Holualoa Homes For Sale, Kona Real Estate For Sale, Kailua Kona Real Estate, Kailua Kona Real Estate Blog, Kailua Kona Information For those who enjoy the fruits of the island – there is mature mango, avocado, citrus and a variety of flowering ornamentals on the property.

There is a large fenced in yard area on property that is perfect for the keiki and/or pets to play in, a wonderful sitting area to take in your ocean view and ample parking for all families!

Holualoa Real Estate, Holualoa Homes For Sale, Kona Real Estate For Sale, Kailua Kona Real Estate, Kailua Kona Real Estate Blog, Kailua Kona Information This property is spectacular, make your appointment to view this offering today!

*Listing agent is related to Seller.

Purchasing Now: Your Property As A Kona Vacation Rental

One of the great options home buyers in the Kona real estate market embrace is the popularity and ability to rent their properties as vacation rentals. People come from all over the world to enjoy our wonderful climate, pristine beaches and relaxed island lifestyle.

Some wonderful clients, who I sold the below home to, have done just that! This is their retirement dream home, that they absolutely LOVE. Since they aren’t planning to retire for another 10-15 years, they are offering the home as a vacation rental. What an awesome opportunity for families vacationing on the Big Island!

http://www.vrbo.com/398178

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The property is meticulously landscaped, with lush garden areas, producing fruit trees and plenty of yard room for outdoor games and activities. Of the many highlights of the home, the pool is an absolute favorite!  The privacy afforded in the pool and sunning area is something one can only dream of.

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The main house is a 4bedroom/2 bath home completely outfitted for your convenience, with a delightful chef’s kitchen, breezy screened in lanai area, and a pool table for entertaining.

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Below the main home is the completely self contained “ohana” unit, that is furnished with a king size bed, mini-refrigerator and offers a great escape for visitors seeking a little more quiet and privacy away from the main group!

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This property is quiet, extremely private and offers all the amenities of a high end resort, at a fraction of the price!

Click the Vacation Rental By Owner link below for more property information and to view rental availability!

http://www.vrbo.com/398178

Holualoa Short Sale – SOLD!

I love selling Holualoa real estate! I was raised in the beautiful town and live in the area currently. Over time, my property familiarity and the professional relationships I’ve developed have benefited many buyers and sellers.

I am happy to report  that  77-6128 B1 Mamalahoa Highway, closed recently!

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This short sale brought it all. The highs of multiple lien holder approval, and the lows that the bureaucratic short sale process can bring at times.

Along the journey, I put the property into escrow multiple times, and for one patient buyer, the dream came true. They secured a GREAT deal on a property, because of their patience and short sale preparedness.

The short sale process is changing dramatically right now as lenders are working to streamline their approval process.  As the listing agent of this property, I wanted to share topics of interest that were beneficial to the completion of our short sale . 

Proper Market Positioning

Different lenders are now establishing the list price of properties. One of Bank of America’s newer programs is their Preapproved Short Sale pricing. You and/or your listing agent contact Bank of America directly, and work with them to set the list price of the property. This is tremendously beneficial as it takes the guess-work out of what sales price the bank will accept. Check with your lender to see if this is something they offer. Be sure to emphasize that you want to hit the market competitive,  not overpriced!

Seller Financials

Be aware that the seller’s lender will require bank statements, retirement account information, tax returns, pay stubs along with any other financial documents that they see fit to examine. This is part of the process.

The sooner you can get these together for your agent to submit to your lender, the quicker your short sale will proceed.

Be prepared to update these documents as time goes by.

Buyer Preparation

As a purchaser, make sure you have a pre-approval letter from your lender certifying your purchasing ability. If  purchasing with cash, be prepared to submit “proof of funds”.  This can be a recent bank statement or letter from your financial institution certifying the funds are present and liquid. The listing agent will need either of these to submit the offer you present to the seller’s lender.

Realize that even as lenders work to expedite approvals, this transaction will take time. If you are in a rush to purchase, a short sale property may not be in your best interest.

Don’t forget, short sale properties do close. The better prepared all parties are, the more chance of a smooth and expeditious escrow!

Snapshot Of West Hawaii’s Recovery: Kona Coffee Villas

When do you know the real estate market has hit bottom? When it has passed you by!

West Hawaii’s continued recovery can be clearly illustrated in some of our local condominium projects.  The Kona Coffee Villas is one of these.

Located in Holualoa, this project of 176 fee simple units can prove to be a great investment for first time buyers or the savvy investor. Coffee Villas offers concrete constructed 2bed/2bath units, some offering additional loft areas, with dynamite ocean views and low maintenance fees!

Click information below to enlarge.

The three highlighted units SOLD for $65,000, $80,000 and $82,000!  Are you kidding me? These are fee simple,  2bed/2bath units, in concrete buildings, with low maintenance fees! 

Currently in the project there are 3 units available, priced between $120,000-$150,000. Will we see units listing at under $100,000 anytime soon? Possibly, but not likely.  In my opinion, that market has bottomed, and is already, as illustrated, on the way back.

It’ll be interesting to see where it goes!

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