"A bay" beach from Kolea condos
The activity really picked up at Kolea when I took a short sale listing and priced it at $469,000 for a 2 bed/2 bath…a condo of the same floor plan changed hands in July 2008 for over $1 million! There are three bank-owned properties (REOs) at Kolea, all 2-bedroom units. I think mine is one of the top two because its ground floor location happens to open onto a green lawn instead of the building in front.
The other one of the top two was priced at $510,000 but today took a reduction to $460,000. And it is a third floor near the Beach Club with a peek of beach view! Expect multiple offers.
Monthly maintenance dues are high because Kolea owners pay for having the only direct beach access at Anaehoomalu Bay. And if you need more than 2 bedrooms, there are some gorgeous single family oceanfront homes. Email or call me for my spreadsheet of available Kolea properties.
One of two REO (bank-owned foreclosures) on the market at Halii Kai closed escrow this week–a direct oceanfront
Halii Kai oceanfront pool
2-bedroom sold for $814,995 – so there’s our half-price sale again as the condo sold in 2007 for over $1.6 million. There are no foreclosures currently on the market at Halii Kai, but there is an oceanfront 2-bedroom short sale and a 3-bedroom ocean view townhouse style villa offered at a fire sale price! I also have a spreadsheet on Halii Kai properties, including remaining developer inventory.
Did I mention that the developer is finally cutting deals?
The Halii Kai foreclosure that came on the market at $384,900 received multiple offers. The lucky buyers will need to furnish it, but those multiple potential buyers felt its location and condition made it a steal at that price. If the $300,000 price point appeals to you, I’m about to list shares in an almost-oceanfront beautifully furnished Halii Kai condo. With a 1/6th share, you pay only 1/6th of the carrying costs, making the share alternative even more attractive!
A hui hou,
Beth Thoma Robinson, R(S)
Note: Interested in staying at Kolea before you buy? Why not rent a Kolea condo?