It has been roughly 4 months since it was announced that Alexander and Baldwin purchased Genshiro Kawamoto’s Kahala portfolio for $98 million. Since then, there has been a lot of speculation and curiosity as to what their intentions will be. There’s been only one thing everyone could agree on – this is nothing but good for Kahala.
Beach fronting largest home (MLS# 201400491) listed for $22,000,000
Since September, they’ve been successful in selling at least 11 lots on their own. Trust me, they haven’t been giving them away. They are getting top dollar. Now that they’ve tested the market, they’ve started to release a select few listings of the remaining portfolio, which is a mix of existing single family homes and vacant lots.
Here are some of the additional listings they released:
This mauka (mountain side) estate on almost an acre (MLS# 201400306) is listed for $7,492,000
Home on the corner of Kahala Ave. and Aukai (MLS# 201400471) available for $2,950,000
This 35,428 sq.ft. oceanfront lot (MLS# 201400479) is listed for $13,500,000
In addition to the oceanfront parcel, the rest of the lots are on the mauka side of the street:
- 4744 Kahala Ave. (MLS# 201400464) is 20,021 sq.ft. and listed for $3,375,000
- 4758 Kahala Ave. (MLS# 201400467) is 17,840 sq.ft. and listed for $2,995,000
- 4630 Kahala Ave. (MLS# 201400307) is 13,500 sq.ft. and listed for $2,497,000
Strategically, this was just in time for the Sony Open this past week, when the entire Golf industry was focused on Kahala – Whether it was online, on TV, or on the ground here, there were a lot of eyeballs giving some attention to Kahala.
Kahala Inventory Picking Up
Over the past 2 weeks, there have been 13 new listings that hit the market in Kahala. The A & B listings accounted for 8 of those 13. It appears others have decided to test the market in the new year now that Kahala is on the upswing. It’s been a long time since an oceanfront home (not owned by Kawamoto or A & B) hit the market, let alone one under $10 million. The new year brought forth a new seller:
4447 Kahala Ave. (MLS# 201336257) was recently listed for $9,450,000
Additional Kahala Properties
2014 is now underway and the “Kahala buzz” is off to a great start. My bet is the “buzz” will last well beyond the Sony Open. In addition to the new inventory, A & B still has a number of other properties in its quiver. Stay tuned…or feel free to contact me about your Kahala real estate search. I’m here to help you find what you’re looking for whether it’s on or off the market.