Of all our listing inventory here on the Big Island, some of the best values are bank-owned, or REOs. Today I was showing property to an out of state realtor/developer and the only thing he wanted to see was a $285,000 condominium in the Waikoloa Resort. While I knew it as the least expensive, or “popular priced,” condominium on the entire Kohala Coast, what I didn’t expect was that it would be the BEST BUY in the entire resort area from Kukio to Mauna Kea Resort
This Â 2 bedroom 2 bath Colony Villas unit in The Waikoloa Beach Resort has a 1-car garage and a master suite on the second floor with beautiful views of Mauna Kea and the North Kohala Mountains.Â It has 1-story east-facing floor to ceiling windows in the living area and is sited such that there are no neighbors or cars facing the lanai!Â On the golf course ANDÂ in beautiful condition with all window coverings and appliances still in place…not always the case in bank owned properties.
The Colony Villas complex has two gorgeous pools and a rec/fitness center, on site rental management and is just a short walk to the beach, shops and restaurants.Â Location, location, location…can only be compared to price and value. The same floor plan in lesser locations is priced at over $50,000 higher. That’s over 20%. This unit has my vote as the smartest choice out there for the money.Â It is bank owned, and I was amazed it is still available.