Applications Due this Friday for New Release at Ho’oluana at Kohea Loa

If you are a Kauai resident longing for more options in new construction, today could be your lucky day! Developer DR Horton announced their latest release of new construction pre-sales in the Hanamaulu neighborhood Ho’oluana at Kehea Loa. To qualify for the “lottery,” you must be able to prove your Kauai residency with a Hawaii Identification and tax returns from at least the prior year with Kauai as your residence.

Applications are due on Friday, February 9th by 4 pm. The lottery will be held on Saturday, February 10th at 12 pm.

This is a photo depiction of the finishes and floor plan layout on a Plan 1 at Ho’oluana at Kohea Loa.

Snapshot of the Upcoming Lottery Offerings

Unit No.  Plan Type   Bed/ Bath   Approx Net Living Area   Structural Options**        Price (FS)
29                   4                  4/2                  1,493 Sq. Ft.                         None                          $569,000
31                    1                  3/2                  1,316 Sq. Ft.                          None                          $534,000
32                  5R                4/3                  1,630 Sq. Ft.                         None                          $594,000
42                  5R                5/3                  1,890 Sq. Ft.        5th Bdrm & Family Room      $623,550
1050              3R               4/2.5                1,559 Sq. Ft.                         None                          $585,000
2050              3                 4/25                 1,559 Sq. Ft.                          None                         $585,000

How to Find Out if You Qualify

So far in Ho’oluana at Kohea Loa, there have been 18 homes reserved by home buyers, and there are 2 available single-side duplexes for purchase. Prices have ranged from $467,000 to $610,000. The actively listed duplex homes are set aside as “affordable housing.” Per Kauai County Guidelines, designated affordable duplex homes at Ho’oluana are to only be sold to Kauai County residents who income qualify at or below 140% of Kauai Median Household Income. Visit Kauai.gov/housing for current income charts. Buyback restrictions will be recorded as part of the deed and encumber the affordable unit for a period of 20 years. Applicants must be owner-occupants at all times during the buy-back restriction period.

The upcoming lottery for homes is slightly different and does not have the income restrictions that encumber the duplexes. Per County guidelines, homes are to only be sold to Kauai County residents for the first six months of release by lottery. Priority is given to Kauai residents who do not own property anywhere in the United States.

For more information about this floor plans and options, visit the Ho’oluana at Kohea Loa website.

Lifestyle at Ho’oluana at Kohea Loa

One really great feature of this newer neighborhood is the location in North Lihue. For working Kauai residents, this central location has easy access to both the south and north shores. Amenities like Costco, Safeway, ROSS, Macys, Walmart, Kmart, Starbucks, and Home Depot are within a 10 minute drive. Boutique shopping and a plethora of restaurants in Kapaa are within a 15 minute drive. Paddling on the Wailua River, snorkeling, swimming and playing at Lydgate Beach and Kamalani Playground, and the Wailua golf course are also within minutes of this super location. The comfortable lifestyle afforded in these newer homes can’t be beat for the price.

**Applications are due on Friday, February 9th by 4 pm**

Contact me for a lottery application or to be connected with a great lender who can pre-qualify you for this opportunity.

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