Mauna Kea Resort September Market Update

68 Luxurious Beachfront Condos within Mauna Kea Resort Slated for Summer 2020 Completion

The former oceanfront north tower of the Westin Hapuna Beach Hotel (pictured above) is currently under construction while being converted into 68 luxurious beachfront condominiums. The Hapuna Beach Residences at Mauna Kea Resort are whole-ownership condominiums ranging from one to four bedrooms in a variety of floor plans — some with pools, all with incredible ocean and coastline views located within a stone’s throw to one of the most beautiful crescent white sand beaches in Hawai’i.

The Hapuna Beach Residences are slated for completion in the Summer of 2020. Thus far, 25 of the 68 units are currently under contract. 14 studios, eight 2 bedroom units, two 4 bedroom units, and one 1 bedroom unit have sold. For condominium renderings as well as information on architecture, design, and artistry (Click Here). To view the price sheet and the coinciding floor plans (Click Here).

Adjacent to the Hapuna Beach Residences rests the one-of-a-kind Hapuna Beach Villa. The completely remodeled and inspiring 9,250 square foot landmark estate sits on 1.5 fee simple acres crowning the shoreline at Hapuna Beach. The Villa features grand living spaces and expansive oceanfront terraces. Complete with a private pool, spa and outdoor kitchen, this is truly one of Hawaii’s most captivating ocean and beachfront private estates. The Hapuna Beach Villa is offered at $19.9 Million. (Click Here) to view the property details.

Please feel free to contact me for additional information and/or to tour the Hapuna Beach Residences and the Hapuna Beach Villa.

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

September Sales

There were two closed transactions within Mauna Kea Resort in the month of September.

Mauna Kea Realty represented the Buyer of Fairways North #9, which sold in early September for $2.525 Million. The single level, Lucky Bennett custom design has a large master suite with sitting room, family/media room, private office, and takes its ocean/coastline views over a private park with water feature. The home consists of approximately 3,600 square feet and includes 3 bedroom suites with 3 full baths and two half baths. (Click Here) to view the property details.

Kumulani J3 sold for $862K in late September. Kumulani J3 is comprised of 2 bedrooms and 2 bathrooms with a den. The unit overlooks sweeping ocean views and has a large wrap-around lanai. The unit has central air-conditioning, custom interiors, and a private detached one car garage. (Click Here) to view the property details.

New On The Market

Three properties were recently listed within Mauna Kea Resort, including a single-family home in the Fairways South and a duplex Villa located within Wai’ula’ula. Lastly, one of the finest resort compounds located in the Bluffs was recently re-listed after taking a brief rest from the Multiple Listing Service.

Fairways South #8, which previously sold in 2017, has undergone extensive remodeling and design updates over the past year and a half. The property is being offered for $3.395 Million. FWS #8 is a must-see for someone looking for a contemporary and updated turn-key opportunity located behind the main gated entrance to the Mauna Kea Resort. (Click Here) to view the listing details.

Wai’ula’ula Duplex Villa #314 just hit the market for $2.088 Million. The 2,500 square foot unit consists of 3 bedrooms, 3.5 baths, and includes a private plunge pool and Jacuzzi. The unit was built in 2006 as part of the first phase of Duplex Villas. (Click Here) to view the listing details.

Bluffs #20 was re-listed for $9.995 Million. The 9,000 square foot custom built home offers 6 suites, a 3000 sf covered lanai, high coffered ceilings, pocket doors throughout, motorized shades, media room with theater, an amazing tiled spa, steam room and massage area as your personal day spa, climate-controlled wine closet, infinity edge pool, water features, koi ponds, and lush landscaping. (Click Here) to view the property 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.

• 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

HOSPITALITY BOOMS ACROSS WEST HAWAII 

The final month of summer treated Hawaii Island hoteliers well. “August was our best month we’ve had in a long time, and the numbers even beat 2017 August numbers,” said Ross Birch, executive director of the Island of Hawaii Visitors Bureau. Occupancy island-wide was 80.9% during August with the Kohala Coast reporting 84.3% of rooms on the Gold Coast occupied during the 31-day month. Last year, just 69.1% of rooms were filled on the island, with the Kohala Coast area faring worse with an occupancy rate of 63.3%, down from 2017 when both areas reported occupancy at 72.6%. Occupancy island-wide during the first eight months of this year was 78.3% compared to 78.2% in 2018, according to the HTA. On the Kohala Coast, that rate was 79.3% and 73.2%, respectively. “We’re actually pacing ahead of 2018 year-to-date. I think August is the month we actually passed last year’s year-to-date totals,” said Birch. The numbers are also up from 2017, when year-to-date occupancy was 75% for both the island and Kohala Coast area. (Source: www.hawaiitribune-herald.com)

THREE-WAY AIRLINE COMPETITION FOR SAN JOSE – HAWAII FLIGHTS HEATS UP 

The lure of Hawaii for South Bay vacation travelers and the fight among three airlines to make money serving that market has taken another turn, with a trio of airlines expanding their service or launching new offerings to the islands from Mineta San Jose International Airport. Two of the three airlines maneuvering in the market, Southwest Airlines and Alaska Airlines, already carry two-thirds of all passengers at Mineta San Jose International Airport. The third, Hawaiian Airlines, also serves SJC.

Southwest filed schedule changes today for San Jose and Oakland that will increase service from both cities to Kona and Lihue (Kauai) from three or four weekly roundtrips, depending on which Bay Area city, to daily roundtrips effect March 8, 2020. Southwest, which announced in the summer that it would expand its Hawaii service from two to four islands, also moved the start date for that change from January to next month.

And five days after Alaska announced that it was dropping its service between San Francisco and Sacramento to Kona, one of the Big Island’s two major airports, the airline has filed schedule changes to increase its Kona service from San Jose and San Diego.

Hawaiian Airlines, meanwhile, two weeks ago, announced San Jose as a test market for a new, lower fare level called “main cabin basic.” (Source:www.bizjournals.com)

Upcoming Local Events

OPEN AIR FARMERS MARKET

Make sure to visit one of my favorite local events, any of Waimea’s four farmers’ markets. Open weekly, Wednesday’s and Saturday’s with numerous local vendors and live music. Visit www.lovebigisland.com for further information.

Jake Chancer REALTOR, RS-80158 | Jake@MaunaKeaRealty.com | 808.937.6958