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Big Island

Big Island REO Under $100K at Hawaiian Ocean View Estates

My favorite REO is (MLS# 237620) for $99,900

Hawaiian Ocean View Estates, commonly known as “H.O.V.E.” or “Ocean View,” is located about 40 miles south of Kona. Once part of the Kahuku Ranch, sales originally began in the early 60’s, and it was originally developed by Crawford Oil Company. HOVE consists of 10,697, 1-acre lots, on the mauka (mountain) side of the road. The terrain varies from Ohia trees to lava fields, and your water is caught by catchment.

Elevation starts at 1,500 ft. and can rise to over a 4,000 foot level. It’s also the largest subdivision in the USA, and the most affordable place to live in Hawaii. If you like living off the grid, or as I see it, like a pirate, this might be the place for you. In Ocean View you will find restaurants, a hardware store, a small bank, shops, and a secluded beach about 7 miles away, down the hill.

Land lots available for sale now are as low as $4,500 to $125,000. Home prices are starting as low as $12,000 to $565,000. There are 13 REOs and 8 short sales ranging from $64,900-$275,000. 31 have sold already this year. My favorite REO is (MLS# 237620) for $99,900.

This affordable 3 bed/2 bath home, with 1,056 square feet living, has heaps of potential. Built in 2006, you will find a spacious kitchen, along with a beautifully stamped concrete driveway. Ocean and mountain views surround this one acre property. For more information on Ocean View property contact Tara Kelly, RS, for more information (808) 542-6014.

View my favorite Big Island Foreclosures

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Ken Molina R(S)

October 25, 2010

What is going on with prices like that? What could a house like that rent for?

Ken Molina R(S)

October 25, 2010

What is going on with prices like that? What could a house like that rent for?

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