Sea Village Market Update: January 2015

Sea Village is an oceanfront, vacation rental friendly condominium complex located minutes outside of downtown Kailua Kona.

Kailua Kona Real Estate, Kona Oceanfront Condos For Sale, Vacation Rentals In Kona, Kailua Kona Real Estate Blog, Kailua Kona Real Estate Information

With an oceanfront swimming pool, well maintained common areas and rental friendly house rules – vacationing guests, long term tenants and owners enjoy the opportunities the Sea Village presents.

Kailua Kona Real Estate, Kona Oceanfront Condos For Sale, Vacation Rentals In Kona, Kailua Kona Real Estate Blog, Kailua Kona Real Estate Information

Maintenance fees for 1 bedroom units are ($564/mo) and include: Project wide wireless internet, water, basic cable, sewer, trash pick up and maintenance to outside of buildings/grounds, exterior insurance, parking and HOA reserve. 2 bedroom unit HOA fees are $755/mo. In a wonderful cost saving measure – the HOA recently installed photovoltaic solar to minimize common area electric costs and put new roofs on the entire complex in 2012.

There are oceanfront and additional units available currently – and my listing, Unit #2303 below, recently went into escrow!

Kailua Kona Real Estate, Kona Oceanfront Condos For Sale, Vacation Rentals In Kona, Kailua Kona Real Estate Blog, Kailua Kona Real Estate Information

 

Kailua Kona Real Estate, Kona Oceanfront Condos For Sale, Vacation Rentals In Kona, Kailua Kona Real Estate Blog, Kailua Kona Real Estate Information

In 2014 there were two sales in the project, both 2 bedroom units, that closed at 460K (oceanfront unit) and 350K (non oceanfront) – Sea Village Sales.

Interested in Kailua Kona real estate? Get in touch below and let Marco know how he can help you!

 

Hawaii Luxury Real Estate: Jumbo Loans and Current Rates

As Buyer’s continue to take advantage of great pricing on some of West Hawaii’s luxury options, a variety of lenders are coming forward with attractive financing options.

I wanted to share a snapshot of current rates with my readers in Hawaii’s luxury market so they can get an idea of how attractive rates are right now!

Hawaii Luxury Real Estate , Hawaii Real Estate For Sale, Hawaii Luxury Properties For Sale, Kukio Properties For Sale, Kukio Real Estate, Hualalai Property For Sale, Hualalai Real Estate Information, Hualalai Information

In Hawaii, A “jumbo loan” is made on a property where a Buyer is obtaining a mortgage of more than $625,500. To be clear, this isn’t a purchase price of over $625,500, this is a loan amount of over $625,500.

As confirmed with an on island lender I work with earlier this morning, purchased as a second home, 20% down and loan amount up to $1,000,000 rates below are applicable. Higher loan amounts are available, at slightly higher rates/amount required down.

4.25% – No Points – APR 4.098%

4.125% – 0.50 Point – APR 4.182%

4.00% – 1.00 Point – APR 4.265%

As you can see, these rates are fantastic! They mirror and almost beat current conforming loan amounts.

An important point to remember while shopping for your mortgage – is how you get your loan.

If you walk into the “Bank of Kona” – they may agree to give you a loan, on their terms and pricing. They may be offering specials, or rebates to sweeten the deal. They are however, selling you their product.  A mortgage broker works for you, the client, to get the best rate available, out of a wide variety of potential lenders. There is certainly the possibility that you may find a better rate and terms offered via this route.

I work with a variety of on island lenders who are available to discuss options and lending scenarios that best fit each purchaser’s need.

When you are ready for your Hawaii purchase – make sure your interests are represented by a proven REALTOR®, who has experience in the luxury market!

 

NEW Kailua Kona Listing: 77-133 Queen Kalama Avenue!

I just listed this wonderful property located on Queen Kalama Avenue, right off of Alii Drive!

Owners love this location as it presents multiple opportunities for enjoying Kailua Kona’s year round favorable weather!  Owners can get their morning exercise running/walking on Alii Drive, and with easy ocean access via Magic Sands Beach or Kahaluu Beach parks,   ocean activities are just minutes away!

This 2bed/2bath, very comfortable, single level offering has it all!

* Multiple upgrades in kitchen, bathrooms & master! To numerous to name, pictures reflect the quality that has gone into this home!

* Very private location & setting, extensive rock wall & hedges on property give the owners maximum privacy!

* Wonderful pool/spa/outside sitting area for you to enjoy your Kona lifestyle.

* Bring your pets! Fenced yard(s), that are perfect for the four legged members of your family!

* Multiple areas for your plantings, or vegetable gardens.

* Located between Kahaluu & Magic Sands beach park, the beach is minutes away in either direction!

For an appointment to view this home, or for more information, contact me directly at 808.557.8921. I’ll be happy to answer any questions you may have!

77-133 Queen Kalama Avenue, MLS 260339, Offered at $419,000

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent,

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent,

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent,

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent,

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent,

77-133 Queen Kalama Avenue, Kailua Kona Real Estate, Alii Drive Properties, Kailua Kona Real Estate Agent, Master BathWatermark

Kona Condo Update: Alii Lani Inventory and Recent Sales

The popular Alii Lani condominium project, located on Kailua-Kona’s Alii Drive continues to draw strong buyer interest as many find the project’s competitive pricing good Kona value.

Alii Lani has 2bed/2bath or 3bed/2bath floor plans, multiple swimming pools for owners to enjoy, low maintenance fees and is just minutes from Kona’s many beaches.

I closed on my Alii Lani F101 listed property, September 14, 2012.

Alii Lani Inventory, Alii Lani Condo, Kona Real Estate, Kona Real Estate Blog, Kailua Kona Real Estate, Kona Selling Agent, Kona Buyer's Agent, Kailua Kona Realtors, Kona Realtor, Kona Property Blog, Alii Drive Real Estate,

This turnkey furnished unit had been almost completely redone from top to bottom with new appliances, flooring, paint and fixtures. As my seller and I began readying the property for market,  I shot high quality photographs along with a high-definition video tour to best showcase the property!

I released Unit F101 onto the market,  the morning of August 3, 2012. Within the hour we had a request for showing, a second showing to same buyer that same day,  and by the next morning a full price offer!  When a property is priced right, and you have professional photographs paired with a video tour, your property will sell.  We closed September 14, 2012 at our list price of $189,000. My seller, and the buyer were ecstatic!

There is still some great inventory in Alii Lani. Currently there are four units available, priced from $155,000-$209,000. Units that have sold from June 1, 2012 range in sales price from $138,000-$209,000. To view Alii Lani inventory and recent sales activity click here. 

For information on these or other units, or to discuss selling your property, contact Marco today!