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.

Holualoa Real Estate, Holualoa Homes For Sale, Kona Real Estate For Sale, KailuaKona Real Estate, Kailua Kona Real Estate Blog, Kailua Kona Information

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.

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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Hualalai Property, With A Tree House!

Holualoa is my home. Being lucky enough to spend my childhood in the cool mountain town and currently living in the area, I take pride in being able to help people who are interested in or have questions about our town. Being so familiar with the area has proven to be very helpful, as a large amount of my business has included property sales in Holualoa and the surrounding areas.

Right now there is a very unique property for sale in the Holualoa area.  76-718 Hualalai Road is an almost 3 acre parcel that has been granted preliminary subdivision approval. This means that with conditions being met, of the original singular tax map key or parcel of 2.97 acres, there will now be 3 individual parcels!

This property has just come back on the market, at new reduced price of $598K, down from its original list price of 659K!

76-718 Hualalai Road, MLS 256365 

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The main house is a split level, remodeled, 2bed/2bath home, that is very comfortable and has great ocean views. As you meander down the well maintained driving path to view possible building sites you find yourself surrounded by an organically raised multitude of vegetation. Mature coffee trees, mango, papaya, and lilikoi are just a few of the many varieties of edible delights on the property! After a short walk you come to your first possible building site. A little further north-west on the property,  you come to your second building possible site, both have HUGE ocean views!

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If that weren’t enough, nestled in one of the many majestic monkey pod trees, is a house! A well-built tree house! Are you kidding me? Wow! Not only is it extremely well-built, screened in, spacious, etc….your views of the Pacific are tremendous!Kona Tree House, Hualalai Tree House, Kona Property Blog, Holualoa Property Expert, Kona Listing Agent, Kona Buyer's Agent,

This property screams opportunity, as the sky is the limit for what someone could do. There is room to expand the agricultural side, room and ground work in place to build additional structures, along with the possibility of becoming a vacation rental destination.

You aren’t going to see this type of opportunity very often in Holualoa. The uptick on this property is tremendous, let me know if I can arrange a viewing for interested parties!