Mauna Kea Condominiums Selling For Half Their Original Prices
Wai’ula’ula at the Mauna Kea Resort has had six closed sales in the past twelve months; all at or very near ½ of their original sales prices in 2007.
The Wai’ula’ula Development is Composed of Three Sections
1. The Ridge are four plex two-story buildings with each unit a single level spacious 2,100+ sq. ft., 3 bedroom/3 bathroom, which include single car garages, generous lanais, and most with an outdoor kitchen and ocean views.
2. The Villas are paired or duplex style homes of three bedrooms and bathrooms, private pools and spas in their fenced yards, courtyard entries, and two car garages.
3. The Estates are single family detached homes, three or four bedrooms, from 3,700-4,200 sq. ft. all on one level. All have a pool and spa, ocean and golf course views, courtyard entry, and all the bells and whistles you would want either in a second/vacation home, or for year-round living in this upscale high-end community.
The project was built by Moana Ikena (developer) and Maryl Construction (high end accredited local builder) in 2007 at prices that had buyers lining up.
Condominiums For Sale
Today, you can buy a Ridge condominium for as little as $767,800 (MLS# 247979). This is a bank owned second floor home with great Mauna and coastline views with Kohala Mountains in the background and golf course fronting for sport viewing!
There is only one Villa available currently at a price of $1.550M (MLS# 250468). I personally feel with the recent closing of Villa #311, which closed in December, 2011 at a price of $1.25M, this unit, while it is very nice, is still a bit high for the current recovering market.
There are no Estates active on the market at this time.