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Lahaina’s Kahoma Village: Sales Update

If you’ve driven north along the Honoapiilani Hwy in Lahaina recently, you may have noticed the sign that went up advertising 2-3 bedroom townhomes and 3-4 bedroom single family homes in the potential soon-to-be neighborhood called Kahoma Village by developer Stanford Carr. First phase is under way with two of the Workforce apartments going up as well. First phase is sold out.

Kahoma_Village_Sign

Kahoma Village Conceptual Site Plan

Kahoma Village will have sustainable “Green Design” features, 1.75 acres of parks

What You Need to Know

  • Affordable sector is closed — lottery on Friday only for those who have submitted a packet with pre-qualification letters.
  • There is still time to get on a waitlist for the market value homes.
  • More info on Phase II of market value homes in February.
  • Model homes slated to open around March 2018.

203 single family and multi-family units on 22 acres in Lahaina

Progress

Kahoma Village – January 2018 – First phase corner of Front Street and Kenui

Affordable Units: What Are the Qualifications?

The U.S. Department of Housing and Urban Development (HUD) sets income limits that determine the eligibility of applicants for its assisted housing programs. The Hawaii Housing Finance & Development Corp publishes the Maui County Affordable Income Schedules where you’ll find income limits and various family size breakdowns.
Affordable units are now closed.

The Kahoma Village Lottery for affordable/workforce homes will be held this Friday, January 26th at 10:30 am on site for only those who have submitted a workforce packet.

Want to Know More?

I will have further updates on Kahoma Village as it happens. But for more immediate information or if you have any questions, please feel free to contact me directly.

Image & Rendering Source: Urban Design & Review Board Proposal March 2014

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Martin Coon

October 25, 2016

Good Morning Mr Onderko. It’s 2am locally. My wife and I have been trying for years to afford something in Lahaina. Please if you could explain the attached chart for what is affordable. We would greatly appreciate your time an patience. Love the location and setting. Sincerely

Martin Coon

October 25, 2016

Good Morning Mr Onderko. It’s 2am locally. My wife and I have been trying for years to afford something in Lahaina. Please if you could explain the attached chart for what is affordable. We would greatly appreciate your time an patience. Love the location and setting. Sincerely

JB Guard

October 25, 2016

Thanks for the West Side updates buddy. I hope to send some people your way. You’re the expert:)

JB Guard

October 25, 2016

Thanks for the West Side updates buddy. I hope to send some people your way. You’re the expert:)

Ed

December 28, 2016

What should a 3 – 4 bedroom house, with garage, cost in this new development? Ballpark figure: $1 million, $1.5 million, etc? Ideally with an ocean view and decent sized back yard, not directly on top of my neighbors?

Jeff Onderko

January 3, 2017

Hi Ed: Thanks for your comment, I appreciate it. In regards to pricing, there is no sales offering yet and info will not be available from the developer until the public report is recorded. However, in my very first article on Kahoma, I gave my price “guesti-mate”…Here is an excerpt from that article below. Link to entire article follows. Please feel free to come with further questions…Aloha

The sales office will not give any list prices yet, but I believe by the conversation that sales collateral, marketing materials, and “starting from prices” will be available optimistically towards the end of summer (no word on HOA maintenance fees). However, for the sake of this blog and to test my market knowledge…I’ll give it a price guess-ta-mate go and let’s see what results in the months to come.

So, using a basic comparative price per square foot formula, factoring the average per sq. foot SOLD price ($353) for homes transacted in similar the Lahaina area over the past 12 months and multiplying that number by the offered square footages and then adding a 10% “new construction” factor…we get the following – and by no means is this official, just giving you a comparative summary method for an approximate idea – but basically, my gut.

Single-Family Clusters (1,165 Sq. Ft. – 1,670 Sq. Ft.):
1,165 sq. ft. X $353 X 10% = $452,370
1,670 sq. ft. X $353 X 10% = $648,461

Sq. Ft., Single-Family Alley Loaded (1,667 Sq. Ft. – 2,329 Sq. Ft.):
1,667 sq. ft. X $353 X 10% = $647,296
2,329 sq. ft. X $353 X 10% = $904,350 (for this one gonna reduce 10%) – 10% = $822,137

http://www.hawaiilife.com/articles/2015/06/kahoma-village-affordable-housing-development/

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