Mauna Kea Resort March Market Update

Aloha from Jake at Mauna Kea Realty,

During these difficult and uncertain times, Mauna Kea Realty continues to provide our clients with the highest level of service in a safe and responsible way. We are actively engaging with Buyers and Sellers and it is amazing what is possible with technology. My client services have gone entirely digital to meet your real estate needs. Whether you are considering selling, or interested in buying, there are numerous ways to digitally market your property effectively or to continue searching for and pursuing your dream property from home. Here is how I can help…

• Virtual Consultation: We can have a video meeting to discuss your real estate wants and needs.
• Handpicked Listings via Email: I will curate a selection of available (and off-market) listings that match your criteria.
• Virtual Home Tours: When you see a property that intrigues you, I will arrange a virtual tour.
• Electronic Contracts: Once you identify your dream property, all documents and contracts will be securely delivered to you electronically. Even close of escrow documents can be completed from home with a virtual notary and FedEx.
• Home Inspection: A home inspector of your choice will draft a digital report with detailed photos and descriptions.
• Virtual Notary for Closing of Escrow: A virtual notary will notarize the closing documents for you remotely.
• Key Delivery: Keys to your new home will be delivered right to you. Welcome home.

If you have specific needs with which I might be able to assist you, I am always available to connect and help you achieve your goals and dreams. Please do not hesitate to call or email.

Find below the Mauna Kea Resort’s March Real Estate Market Update highlighting March sales, new offerings, and local trends. I hope you find this information interesting and helpful.

March Sales

There were two closed transactions within Mauna Kea Resort last month.

Mauna Kea Realty represented the Seller and worked directly with the Buyer of Villa #34 which sold last month for $3.395 Million. Mauna Kea Realty was able to put the unit in escrow after only two (2) days on the market. The original 2 bedroom 2.5 bathroom unit consists of 2,684 interior square feet. This is the second time Villa #34 has sold in the last 6 months. The unit sold in November of 2019 for $3.1 Million. (Click Here) to view the property details.

Wai’ula’ula I-201 sold last month for $1.26 Million after being on the market for 239 days. The 3 bedroom 3 bath unit has 2 master bedrooms on the view with 2,111 SF of air-conditioned living space, 253 square feet of covered lanai and patio together with a spacious one car garage with storage, plus 1 uncovered undesignated parking stall. (Click Here) to view the property details.

New On The Market

One property was recently listed within Mauna Kea Resort.

Wai’ula’ula N202 was recently listed and is being offered for $1.325 Million. The 3 bedroom 3 bath unit has 2 master bedrooms on the view with 2,111 SF of air-conditioned living space, 253 square feet of covered lanai and patio together with a spacious one car garage with storage, plus 1 uncovered undesignated parking stall. Interior features include natural stone flooring, cherry cabinets, lanai sliding pocket doors, Kohler fixtures and faucets, Wolf, SubZero, Fisher & Paykel appliances, plantation ceiling fans, granite and marble counters. (Click Here) to view the listing details.

Mauna Kea Realty has an off market exclusive in-house listing located in the desert highlands of the Big Island, midway between the Mauna Kea Resort and the rural town of Waimea. The house, which is featured on the popular architecture, design and technology website Dwell, is sited on a dry hillside facing southwest with sweeping views of three towering volcano peaks, vast lava escarpments and a broad expanse of Pacific Ocean. A wild episodic stream cascades through desert rocks when rain falls in the mountains high above the house to the north. The intention of this project is elemental—to make it possible to live comfortably outdoors on this wild site with minimal intervention and only the rawest material construction. This intention requires thoughtful shaping of wind, light, temperature, humidity and views. The home is constructed out of site cast concrete; local hardwoods; prefabricated galvanized steel; prefabricated weathering sheet steel; local lava rock and blue stone gravel; glass and translucent polycarbonate. The house is off-grid and self-contained with all power provided by a rooftop PV array. Priced at $3.4 million (Click Here) to view this spectacular new offering. Please feel free to contact me for additional information.

For a Complete List of Condominiums and Residential Properties Currently Available at the Mauna Kea Resort (Click Here).

For a Complete List of Vacant Land Properties Currently Available at the Mauna Kea Resort (Click Here).

Local Trends

Mauna Kea Resort ownership revoked of subdivision permits for 9-unit residential development project; instead, Mauna Kea Resort plans capital improvements that are expected to exceed $100 Million

The County of Hawaii Planning Department recently rescinded the approval of a 9-unit residential project which effectively brings an end to any third party development at Mauna Kea Resort. The County’s decision to revoke the subdivision has a large part to do with the significant efforts of the homeowner’s association legal counsel. The dispute dates back to May of 2018 when the approval was originally granted. This decision will preserve the Luau grounds and Seaside Tennis Club which are sacred and nostalgic areas for most of us. Instead, Mauna Kea Resort ownership is planning to invest more than $100M into resort capital improvements. The new projects include a substantial spa located on the North Garden grounds and lap pool below a new fitness center in what is currently the Garden Room. Additionally, all guest rooms will be updated, and the golf course will be substantially improved. Lastly, there will be an extension of the Manta outdoor seating below its existing outdoor seating. Mauna Kea Resort ownership is proceeding on a fast track and expects to complete the improvements by the end of 2021. I will continue to keep you updated on the plans for the improvements once final filings with the County are made. This significant financial commitment on the part of Mauna Kea Resort’s ownership group bodes well for hotel guests, homeowners, employees and the community at large.