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Kihei REO in Hale Kilohana Sees Huge Price Reduction

You better act fast.  I hear there are two offers already submitted on this Kihei bank-owned home (MLS# 343311) now listed at less than half its price in 2007.

Bank-owned property at 3031 Kauhale St. in Kihei (MLS# 343311)

Current Price: $449,900 (-$510,100)

Just minutes away from Keawekapu beach and directly across the street from Wailea, this 4 bed / 2 bath home is over 1700 square feet with a granite and travertine remodeled kitchen. Kilohana Park is located just across the street. The property was originally listed in 2007 for $960,000, then as a short sale for $620,000 in 2008, and has an assessed value of $707,000.  Today, it is listed at just $449,900, or less than half the listing price of three years ago.

Hale Kilohana Subdivision, 3031 Kauhale St.

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