Kauanoa O Koloa – Kauai’s Newest Condominium Project for Sale in Koloa
The first phase of Kauai’s newest development project in Koloa, Kauanoa O Kauai, was released last week.
Kauanoa O Koloa in Development
Encompassing over 25 acres, overlooking the Kiahuna Golf Course, these new condominiums are filling a void for new inventory on Kauai. Once completed, the project will consist of 279 residences, 2 pools and spas, a clubhouse, restaurant, fitness center, and barbecue areas.
According to the Developer’s representative, the first phase of building is scheduled to break ground in early 2022, and will include 70-80 units, the clubhouse, restaurant, and 1 pool. It may take 24-36 months before the first certificates of occupancy are issued. The 3-story buildings will be comprised of 2-4 bedroom, single-story residences, ranging in square footage from 1,170-1,553 square feet on the interior, and 130 square feet on the exterior covered lanais. Once complete, there will be 30 total buildings for residences.
The First 18 Residences are Offered at a 10% Discount from Phase 1 Pricing:
- 2 Bedroom “Kilohana” Residences – 1,170 square feet – 2 Bdrm/2 Bath – $1,085,000
- 4 Bedroom “Noelani” Residences – 1,553 square feet – 4 Bdrm/3 Bath – $1,485,000
Details of the interior finishes and optional furnishings packages are still being finalized and should be ready by Thanksgiving. The Developer’s representative says they will be “a step above Pili Mai,” which is Poipu’s most recently completed condominium project, which was sold out in 2020. Finishes and features include air conditioning, quartz countertops, 9-foot ceilings, stainless appliances, spacious primary suites, lush landscaping, and a combination of ceramic tile, carpet, and laminate wood flooring.
Units Already in Escrow
This project has officially been on the market for a week, and they already have a couple of units in escrow, and there has been a lot of interest. The Developer’s representative anticipates the first release of 18 residences may be sold out by the first or second week of November. If this project follows the same pattern as neighboring Pili Mai, it is likely that each phase will sell out.
To reserve your unit, you need to put 10% earnest money into escrow, with another 10% due after 12 months. The Developer has special financing through Wells Fargo that allows borrowers to purchase a rate lock for up to 24 months (for a nominal fee).
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