The long awaited master-planned community of Koa Ridge, by developer Castle & Cooke, is finally coming to fruition. After almost 20 years since the announcement of the community, sales of the first phase will begin this month. Castle & Cooke Hawaii is most known for their residential developments in Mililani and Kapolei.
Koa Ridge is situated between the communities of Waipio Gentry and Mililani, very near to the Waipio Costco and the Patsy T. Mink Central Oʻahu Regional Park. There will be a Koa Ridge Village which will feature a farmers market, a Community center where you can a variety of classes, as well as the Gateway Commercial Center, which will consist of shops, smaller cafes, and larger restaurants. Of course there will be walking/jogging trails throughout, parks, a grocery store, medical center, pool, and even an elementary school.
In total, there will be approximately 3,500 residences when the project is completed. Currently there are 3 different types of residences being announced: detached single family, paired homes, and affordable townhomes. The first detached single family residences are called Nanea, and this will be offered in 2 phases on the West end of Koa Ridge.
Nanea Phase 1
This is now being released for sale. There are six single-family condominium home floor plans being offered, consisting of 3 or 4 bedrooms starting in the high $800,000s. Only owner-occupants will be eligible and selection will be made via a virtual public lottery.
Maintenance fee is $50/month includes bulk internet connection. There is also an HOA (Koa Ridge community), that’s $67/month. Financing incentive is $4,000 closing costs credit through designated lenders. A Design Center credit of $500. We are planning to have VA financing.
The first one will be held soon, on Saturday, July 25th. Of course you will have to be pre-approved in order to apply. Currently there are no models, but the developer is planning to build some in the future.
To get in on the very first lottery, contact me.