The first sale in two years at the Islands at Mauna Lani just closed yesterday!
My happy buyers purchased a fully furnished 3 bedroom/3.5 bath beautiful town home (some updating needed) in this fabulous neighborhood at an unparalleled price. This sale was not a short sale or an REO! The last sale of a slightly smaller 3 bedroom unit was $975,000 higher!
The Islands is the lowest density development in the Mauna Lani with over 22 acres of lush landscape for the 46 owners that share it. There is, of course, a pool, hot tub, kitchen, and community barbecues (in addition to your individual lanai barbecues), and it has the distinctive personality of feeling very tropical while European in style and feel. All of the homes come with a full-size two car garage and beautiful private courtyard entries.
The Islands are located centrally with the golf course wrapping itâ€™s lush gardens, and an easy walk to the adjacent Mauna Lani Sports and Fitness Center/Spa, Tommy Bahamas, the Mauna Lani Beach Club, and the Mauna Lani Bay Hotel!
There are currently 5 active listings in the Islands. The best buy is a 2 bedroom/2.5 bath town home with morning sun overlooking a large water feature on the golf course with beautiful views of Mauna Kea Mauna Lani and Hualalai (MLS# 239141).
This is a distressed sale at the wonderfully low price of $561,900. Yes, it needs new carpets, and yes, the hardwood floors need to be redone and the paint looks a little rugged, but overall the value always was and is in the solid construction, location, and magnificent low-density and style of the development. Keeping in mind that the recent sales in 2007 and 2008 for the same size unit ranged from $1Mâ€”$1.2M, it shouldnâ€™t take a savvy buyer long to see the value in this listing!
Living and loving the resort life!