Deal – Lowest Priced Honua Kai Resort Condo Just Listed for $619,900
Honua Kai Hokulani #528 was just recently listed at the Honua Kai Resort and Spa for $619,900 making it the lowest priced active listing in all of Honua Kai Resort. This type of property represents the entry level of what is available at Honua Kai and also one of the strongest cash and cash returners when current vacation rental income is taking into account minus current operating costs. See all listing details on Hokulani #528.
The verdant West Maui Mountains, also known as Mauna Kahalawai “the meeting of the waters” to geologists, and to Hawaiians as Mauna Komohana, serve as the backdrop on the mauka (mountain) or backside of the Honua Kai Resort. Hokulani #528 has an excellent view of Mauna Kahalawai from its 165 sq.ft. covered lanai.
I originally blogged about Hokulani #528 in January of this year when the owner put it up for sale along with 3 other mountain view units he owned – 4 New One Bedroom Mountain View Units at Honua Kai. He sold 3 of the 4 properties, but began to see the market rising and decided to pull #528 off the market for a bit.
I anticipate that his train of thought will work well as shortly after I closed the 3rd of the 4 properties at $525,000 another one bedroom mountain view unit of the same square footage, Hokulani #724, closed for $610,000.
It is important to point out that the buyer of Hokulani #724 paid a premium as they obtained owner financing rather than conventional financing and there are typically a premium on the sales because Sellers are at a risk by carrying the paper on the property.
A recent pic of me biking in the mountains above our home in Ka’anapali and also overlooking Honua Kai; this is one of the many aspects that my wife, Megan, and I love about living our Hawaii Life in Ka’anapali
I represented Craig Kojima and his ohana on the recent purchase of Hokulani #728 (an identical unit 2 floors up from #528 earlier this year) for $525,000 and the market has continued to climb on entry level units at Honua Kai. See what Craig had to say about his purchasing experience in working with our team: One Bedroom/One Bath Mountain View Unit at Honua Kai Sold for $525,000.
Why Would You Want to Invest in a Hokulani Condo?
Rental income figures at Honua Kai Resort are becoming progressively better. (Check out a past post here: Honua Kai Rental Income Figures.) No, you are not going to get the property at rock bottom prices like the owner paid for this property and at the price when the owner listed the property, but you are still getting in to Honua Kai at an excellent time.
Take a leap of faith and know that you are in good hands and that…
There is far less uncertainty in the real estate market now as there was in 2011 when the prices at Honua Kai were at their lowest. Many real estate pundits advise to get the entry level unit or home in an exceptional condo or neighborhood rather than owning the best property in an inferior area. Honua Kai is clearly an exceptional ownership opportunity.
…the real question that you need to ask yourself is….
…why wouldn’t I invest in Honua Kai today before…
…the sun sets and…
…the light of opportunity goes out
I am here to help keep the light on for you. Reach out today and let me help you make it happen.
Aloha from Ka’anapali, Maui,Jeremy Stice REALTOR (Broker) 808.281.2178 Stice@HawaiiLife.com
My Blog Series on Honua Kai Condos
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- Honua Kai Resort in Kaanapali, Maui – Start here, as this blog will provide you with a good overview of the resort including video on its location, and its world class amenities and ownership offerings.
- Honua Kai Resort Real Estate For Sale – Kaanapali, Maui Condos For Sale – This post focuses on the inventory actively for sale and where all the units are located.
- Where in the World are Honua Kai Resort Condo Owners From? – 43% from California, 18% from Canada, 8% from Washington, get the full scoop here.
- August 2013 Market Update Report – My most recent market update report on what is taking place at the Honua Kai Resort.
- Honua Kai Resort Mid Year 2013 Market Update – We are beginning to see a clear trend that the resale market has become far more prominent than it has in the past.
- Canadian Financing at Honua Kai available with 30% Down Payment – 18% of the owners at Honua Kai, how are they securing these properties?
- Honua Kai Rental Income Figures – With some of the strongest returns of any ownership opportunity in Hawaii, Honua Kai deserves your strong consideration for short term cash returns on investment.
- New Ocean View One Bedroom Resale Unit Just Listed – check out this post on my one bedroom best buy in all of Honua Kai.
- Honua Kai May 2013 Market Update Report – Read about the new developer price reductions and all the recent market activity down at the resort.
- 50 New Price Reductions on Two and Three Bedroom Units at Honua Kai – New developer price reductions announced on April 18, 2103.
- Honua Kai March 2013 Market Update Report – There has been a significant increase in the level of sales for two bedroom units at the resort. Read all about it here.
- One Bedroom/One Bath Mountain View Unit at Honua Kai Sold for $525,000 – Congratulations to the Kojima Ohana on their recent resale purchase at Honua Kai.
- 5 Remaining One Bedroom Plus Den Units for Sale at Honua Kai – They are sold out of developer one bedroom units but check out this video blog for this niche units starting in the high $700k range.
- Honua Kai 2 Bedroom/2 Bath Condo Sold a Seller’s Perspective – What our seller client had to say about our team selling their property for a $135,000 short term gain.
- 2 Bedroom Ocean View Best Buys at the Honua Kai Resort and Spa – Feb ’13 post on the best ocean view and partial ocean view two bedroom units.
- 4 New One Bedroom Listings at Honua Kai – Posted on January 2013 be sure to check out these best buys priced under $550K
- Honua Kai January 2013 Market Update – What’s happening in the new year at Honua Kai? Are prices increasing?
- Honua Kai HOA Fees Increasing By 10% Effective Feb. 1, 2013 – What are the current fees, what do they cover, and what other costs of ownership are involved?
- 25% Down Payment Financing Options at Honua Kai – Get the inside track on leveraging your cash investments at Honua Kai.
- Canadian Couple From Vancouver B.C. Purchases a 3 Bedroom Honua Kai Unit for $1,900,000 – Did you know that many of the owners at Honua Kai are from Canada?
- Honua Kai November 2012 Market Update – The latest news after a crazy year of selling
- Honua Kai January 2012 Update – Why Honua Kai is the hottest deal in town right now
- Honua Kai Purchase Process – An owner’s perspective of purchasing and experiencing the resort.
- 35% Price Reductions on Condos For Sale at Honua Kai Resort – Read about how the developer dramatically slashed the prices at Honua Kai and where some of the best deals are at.
- Price Reductions on Honua Kai Resort One Bedroom Units – Video blog on 1-bedroom units that are Screaming Deals.
- Honua Kai Resort in Kaanapali – Best Two Bedroom Deals – Video blog on 2-bedroom units that are Screaming Deals.