Kona foreclosure bargain of the year (MLS# 233697) is oceanfront!
Imagine waking up to this view!
Current Price: $220,000
Assessed Value: $369,100
Priced at only $220,000, this 2 bed / 2 bath Kona Bali Kai condo (MLS# 233697) is a steal! The unit could use some work – it has all tile flooring, simple wood cabinets, and a kitchen with no appliances, but has the potential for you to re-make it just how you want it. The unit is quiet, with only the calming sounds of the blue Pacific ocean, as it is situated back from Alii Drive, behind the resort’s pool.
This oceanfront property is at an all-time low, reflecting the drop in prices in Kona homes even as prices are rising in windier Waikoloa.
While Kona foreclosures are selling fast and drying up, a number of bank-owned REO properties are coming up, sure to be deals for those ready to invest. Stay tuned for the latest scoop on Kona real estate deals!