The Evolution of Mauna Lani Resort: What $1.5 Million Buys in 2024

In the past couple of days, I have been rereading some of my most-read blog articles from 2020. Back then, I wrote a blog on what $800,000 could purchase in Mauna Lani Resort, a piece that resonated with over 4,000 readers. Given the topic’s popularity, I decided to fast-forward to today, July 9, 2024, and revisit the subject. To start thinking about purchasing in Mauna Lani Resort in today’s market, it’s advised to have a budget starting at $1,500,000. Let’s explore what you can purchase and why Mauna Lani Resort continues to be a desirable location.

Mauna Lani Resort: Premium Living and Investment Growth

The real estate market in Mauna Lani Resort has evolved significantly over the past few years, and properties now come with a higher price tag. Since Mauna Lani Resort is zoned for short-term vacation rentals, you can purchase a property here with the peace of mind that you can rent it out long-term or short-term without issues in the future.

The increase in property values reflects the rising demand and the premium lifestyle that Mauna Lani Resort offers. Investing in a property here promises a comfortable living space and a significant potential financial investment.

The Multiple Listing Service provided the above data in March 2024 and presented by Leeana Runningbear.

Why Mauna Lani Resort is So Desirable

The Mauna Lani Resort continues to attract buyers and people all over the world for several compelling reasons:

• Luxury Amenities: The resort offers an unparalleled lifestyle, from VIP access to Mauna Lani’s private beach club to two fantastic championship golf courses, tennis courts illuminated for night play, two luxury hotels (Fairmont and Auberge), world-class spas, and gourmet dining.
• Scenic Beauty: Nestled on the Big Island’s Kohala Coast, the resort boasts breathtaking ocean views, lush landscapes, stunning sunsets, and the ideal year-round weather.
• Investment Potential: Properties in Mauna Lani Resort hold their value well and are often appreciated, making them a wise investment choice.

Mauna Lani Resort embodies the ultimate Hawaiian lifestyle. It’s a place to relax, meet lifelong friends, enjoy the outdoors, and embrace Hawaii’s magical landscape.

Properties Under $1.5 Million at Mauna Lani Resort: Properties by Price Range

Fairways at Mauna Lani

• Floor Plans: Three different floor plans are available.
• Pricing: The smallest unit is listed for $1,325,000. The larger three-bedroom floor plans extend beyond this price range.
• Key Features: Popular due to attached garages and the ability to install solar panels on the roof, enhancing both convenience and sustainability.

Kulalani

• Floor Plans: There are five different floor plans to choose from.
• Pricing: The smallest unit is currently listed for $1,299,000.
• Key Features: Shares an impressive amenity center with Ka Milo, one of the largest and best equipped in Mauna Lani Resort, offering residents exceptional recreational facilities.

Properties Under $2 Million at Mauna Lani Resort

The Islands at Mauna Lani

• Floor Plans: There are three different floor plans to choose from.
• Feels Like a Home: These condos feel like a home when you walk in with their beautiful courtyards, two-car garages, and floor plans staring at 2,500 sqft of living area with dual Air Conditioning systems.
• Pricing: The smallest condo is currently listed for $1,870,000.

Mauna Lani Point

• Stunning Views: Nestled along the Kohala Coast, these oceanfront condos offer stunning ocean views, sunset views, and golf views.
• Floor Plans: Depending on the 1st or 2nd floor, the community offers one-bedroom, two-bedroom, and rarely-seen three-bedroom floor plans. Currently, a one-bedroom property is listed for sale for $1,695,000.

Properties Over $2 Million at Mauna Lani Resort

Ka Milo

• Floor Plans: Six different floor plans to choose from.
• Pricing: Currently, the lowest-price condo is listed for $2,399,000.
• Key Features: Built in 2007, these are some of the most modern condos in the Mauna Lani Resort.

Villages at Mauna Lani

• Floor Plans: There are three different floor plans to choose from.
• Two-Story: Most floor plans offer two stories (upstairs and downstairs), with a living area of 2,000+ sqft, attached two-car garages, and two lanais.
• Key Features: Elegant Finishes with Mahogany trim, Subzero Refrigerator, Large Center Island Kitchens, Outdoor Grills, and Wet Bar.
• Pricing: Currently, there are two condos for sale. The lowest price available is listed for $2,169,000.

Resort Lending is Required

Purchasing a property in Mauna Lani Resort often requires unique lending options tailored to “resort” properties. Here are a few points to consider:

• Jumbo Loans: Given the property prices, buyers may need to look into jumbo loans, which cover amounts higher than conventional loan limits. Keep an eye on interest rates for jumbo loans, as they can differ from conventional loans and impact your overall budget.
• Resort: Given that the community is a “Resort” community, lenders can require up to 20-25% down payment.

Working with a lender experienced in “Resort” real estate transactions can help you navigate these options and secure the best financing for your purchase.

These exclusive properties offer unmatched elegance and privacy, making them perfect for the discerning buyer looking for the best in resort living.

Conclusion

The Mauna Lani Resort on the Big Island remains a top choice for luxury real estate buyers. With a price range starting at $1.5 million, you can secure a property offering a high-quality living experience and investment potential. As you explore your options, consider the specific lending requirements and the unique benefits that make Mauna Lani Resort desirable. Mauna Lani has it all, whether you’re looking for a serene retreat or a lucrative investment.

With Aloha,
Leeana