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Oceanfront Kona Condo Is Deal of the Year!

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!

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Katie Minkus, R(B)

April 13, 2010

Heidi – word around town is this listing already has four or five offers – and I just signed another one for a Hawaii Life buyer. Someone is going to be VERY happy to pick this one up for a song!!

Katie Minkus, R(B)

April 13, 2010

Heidi – word around town is this listing already has four or five offers – and I just signed another one for a Hawaii Life buyer. Someone is going to be VERY happy to pick this one up for a song!!

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