Kauai Foreclosure Gallery Update – New Short Sales and REOs

Here’s a weekly update to the distressed property report on Kauai found here on Hawaii Life. Currently, there are 195 distressed property listings and 59 REO listings, 38 of which are active and available for purchase. The balance are short sales in various stages of the short sale sales process which is a longer sales cycle.

A short REO update for you:

New Short Sale Listings on Kauai

1. Wainiha secluded home at 6525 Anahulu Rd. 2 bed, 2 bath with a converted studio (MLS# 234561) listed at $329,000. It’s rural living on the far north shore and affordable.

“A” unit of CPR, main home, and a little detached studio

2. 25 West Waiakalua in the Puu Pane subdivision: 3 bed, 3 bath on almost 3 acres. Sold for $1.55 million previously (MLS# 242712). Short sale with Bank of America.

3. 4132 Kawili St. 3 bed, 2 bath in Molokoa III subdivision in Lihue (MLS# 242577) listed at $339,000. Practical living in Lihue Town. Short sale with Bank of America

4132 Kawili Street in Molokoa III – Built in 2004

New Kauai REO Listings:

1. Kauai Beach Resort #1326, Hanamaulu Condotel, $32,500 (MLS# 242638).
2. Alii Kai #4303, Princeville. 2 bed, 2 bath condo (MLS# 242417) $386,500. Big ocean views here.
3. 3958 Kiani St, Lawai. 4 bed, 2 bath home (MLS# 242656) $400,000.
4. 4738 Hokuloa, Eleele, HI. 3 bed, 1 bath home (MLS# 242607) $296,336.

Kauai REOs In Escrow or Under Contract:

1. Koloa Garden Apartments #6: 2 bed, 2 bath home (MLS# 240935) $204,900. Owned by Fannie Mae.
2. Kauai Beach Resort #4209: Studio condo (MLS# 242393) $69,900. Owned by Central Pacific Bank.
3. Hanalei Bay Villas #8: 2 bed, 1.5 bath condo (MLS# 241469) $489,900. Owned by HSBC Bank.
4. Kalapaki Villas #202, Lihue: 3 bed, 2 bath condo (MLS# 241009) $179,900. Owned by Fannie Mae.
5. 4667 Palila Loop, Kekaha: 3 bed, 1.5 bath home (MLS# 241644) $270,000. Owned by HUD.
6. 4095 Koloa Rd, Koloa: 2 bed, 1 bath home (MLS# 241595) $258,500. Owned by Freddie Mac.

Sold Kauai REOs:

1. Mauna Kai #D301, Princeville: 3 bed, 2 bath condo listed at $281,000 (MLS# 241732). Sold for $281,000 on 2/4/2011. This unit was previously purchased on October 6th, 2006 for $525,000. That’s a price correction of almost 47%.

Additional Information

Review homeowner options at Realtor Ron’s AVOID FORECLOSURE Website

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