Archive for the ‘Islands At Mauna Lani’ Category

Local + Community~ The Shops at Mauna Lani    Leave a comment

:Local + Community
The Shops at Mauna Lani

The Shops at Mauna Lani is the resort shopping center to visit on the Kohala Coast and is situated in the Mauna Lani Resort. The center is anchored by the Island’s only Tommy Bahama Restaurant and Retail store, Ruth’s Chris Steak House and Foodland Farms Market. Other tenants include local and national clothing brands, a salon, unique art galleries, watersports rentals, the Fine Hawaiian Gift Gallery, and the 4D Adventure Ride – the only ride of its kind in the entire state!
The Shops at Mauna Lani also features amazing weekly Polynesian hula shows – complete with fire dancing – FREE every Monday and Thursday evening at 7:00 p.m. There are also a variety of free cultural activities throughout the week (please see our calendar of events).


Whether you are looking for fine dining, great shopping or family entertainment – The Shops at Mauna Lani is the place to visit on The Big Island of Hawaii.



Photo + Article courtsey of: http://www.shopsatmaunalani.com

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

: Local + Community ~ Waikoloa Beach & Kings’ Golf Course   Leave a comment

           Waikoloa Beach & Kings’ Golf Course

🔸The Beach Course

Opened in 1981, the Robert Trent Jones II-designed Beach Course is Big Island Golf at its finest. A classic resort-style layout, it won’t beat you up with length, better players will appreciate the strategic shot values required, and everyone will thrill at its beauty. But what makes the Beach Course one of the most popular on Hawaii Island is the amazing views, particularly as players reach No. 7 tee box. The Pacific Ocean is straight before you, while lava fields border the fairway on the left and right. A good tee ball should find the wide fairway, but beware, the wind can blow harder here by the shoreline than elsewhere on the course, so aim wisely.

Beach Course at Waikoloa Beach Resort

🔸Kings’ Course
Waikoloa Beach Resort Golf reaches a crescendo at the Kings’ Course, which delivers a memorable round from the first tee to the 18th green. It is a “player’s course” in the sense that low-handicappers can tee it up from 7,000-plus yards and have all the length and strategy they can handle; while mid- and high-handicap players can select a tee that will provide the same excitement and challenge, but at a length that suites their game. Designers Tom Weiskopf and Jay Morrish crafted a Scottish links-style layout at the Kings’ Course.

Kings’ Course at Waikoloa Beach Resort 

Hawaii Island golf doesn’t get any better than this!


#waikoloa #waikoloabeachresort #golf #hawaii #bigisland #karenbail

Photo + Article courtsey of: waikoloabeachgolf.com

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

The Islands at Mauna Lani    Leave a comment


The Islands at Mauna Lani’s elegantly tropical design let’s the Hawaiian sunshine light fill this spaces townhouse. It is situated so that it opens to a vast lawn with shady trees brightened by colorful flowers and plants. This condo is well-maintained yet the very attractive price gives you the option to personalize it to your taste. 


Convenient to the pool and all the amenities of Mauna Lani; beaches, golf courses, restaurants, shops and island fun! Owners at Mauna Lani enjoy the private beach club as well as discounts for many of the resort services and activities.Take advantage of this fantastic chance to enjoy life at Mauna Lani! 


🔸$632,500

🔸MLS 298200 

🔸2BDRM/2.5BATH

🔸2153 Sq. Ft.


#Islandsatmaunalani #maunalani #kohalacoast #karenbail #luxuryrealestate #hawaiirealestate #resort 

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Puako for Buyers   Leave a comment

OLYMPUS DIGITAL CAMERA

 

Aloha.  It is starting off to be another beautiful week in Hawaii with the return of the cool stirrings of the Tradewinds.   Clear skies, fresh air…..Hawaii!

The time has never been better to be a buyer for Puako property.  While much of the Island’s most desirable areas have limited inventory, there has never been more properties for sale in Puako in my entire career (selling here since 1989).   By clicking on this market report covering sales over the last 3-months (wait…what sales?!?) you can see that there are 17 homes* and lots for sale with three properties in escrow

The last quarter of 2015 and early first quarter of 2016 saw fourteen properties come to market.  All but four are still on the market. Two of the three in escrow were listed then, all priced at the lower end of the price range.  (Two of the three are our Elite Pacific Properties listings) Two sold although one that sold was actually on the market nearly two years priced 17% higher, then given a “rest” from Multiple Listing Service, a refreshing practice to make it appear as a new listing. Understand the buyer had looked at it earlier and made the offer soon after the price was reduced. The best Puako value, Puako #80, was listed only a few weeks ago and in escrow within days because of its location, charm and excellent pricing.  Word on the streets is it was purchased by one of its regular vacation rental guests.  The other oceanfront home in escrow has been in escrow for months but is another example of a well-priced, well located property considered to be a good value given its extra-large, deep set lot with a classic beach house.   The lot next door to this home, another great value is still for sale, click here to see.  Although there have not been any sales over the last 3-months, there was total of 8-sales between August of 2015 and March of this year.  You can see what sold by clicking here for that report.

At least three of the oceanfront properties on the market have been trying to sell for literally years.  We can suspect that this is mostly due to their prices.  I have shown them to several clients who felt their perception of value was not equal to the sellers perception of value.   Limited inventory in the past gave sellers the luxury of pricing to meet their needs.  Add to that that sellers are not always educated as to how the differences between homes affects their values. Puako is a community without CC&Rs which is very attractive to most of those who call Puako home.  This leads to a mixed basket of homes; from rustic beach cottages to grand oceanfront estates.  It is difficult to determine values since we really have to compare mangoes to bananas.  Harder still for a seller to price to sell if he doesn’t understand how these differences affect their value in the marketplace of today.  That is the job we agents have to do!  But right now, my job is to educate you so you make the right choice as a buyer.  Having all these choices now at this time of year makes it an awesome time for us to find your perfect Puako home.  Or if not Puako, we will find you one somewhere else on this beautiful Island!

Give me a call or shoot me an email and let’s jump on this opportunity now.

 

*Puako Kai is 2-CPR homes on one lot listed separately (2X) and together (1X).  It has been on the market 18-months, listed with three different Brokerages. Now at 20% off the original list price of $2,350,000.

Building Without a Permit can be very expensive   Leave a comment

Lots of people want to avoid the hassle of the permitting process, thinking it will save them time and money.  Every day we Realtors see the costly aftermath of this when the banks won’t loan on homes with unpermitted additions or lacking final permits….My Grandmother had a saying “Penney wise, pound foolish”  You might save a few dollars in the beginning, but if you ever want to sell your home, after the fact permitting can cost you a lot!  My friend Alan Van Zee at Hawaii Mortgage said I could share his article about the implications of building without a permit in today’s lending climate, thanks again Alan for these very wise words!

Building Without a Permit

The percentage of single family homes for sale that have unpermitted improvements is staggering.  As lending regulations have tightened over the past 8 years, sellers and homeowners are learning the harsh reality of not playing by the rules.

 

It really makes no sense to do work without a permit.  While permits may take some time getting through the building department, the cost for one is relatively low.  I’ll just be bold and say – If you proceed with building anything without a required permit, you are dumb.

 

Sorry to be harsh, but what time and money you may save going the “cheap and dirty” route, will not only cause problems for you in any future financing, but you may never really reap the reward of added value.

 

Appraisers have a tough job when valuing a home with unpermitted improvements.  No matter how nice, an enclosed lanai or transformed garage can never be counted in the calculations of living space square footage.  That could change your 3 bedroom 2 bath home into a 2-1.  The value placed on living space is significantly higher than non-living space.  If someone is trying to buy your listed home for sale, the appraisal may not support the sales price.  SO unless the buyer is putting a substantial amount down, it could cause the transaction to collapse.

 

While this phenomenon of unpermitted improvements occurs on every island, what’s up with Maui and Hawaii Island?  The incidence of unpermitted improvements is almost like a contagion.  Recently I had a client wishing to buy a beautiful ranch property on Maui for $1,300,000.  The owner/seller constructed a 1,700 square-foot shed/barn/garage on the property without a permit.  Why?  The permit was not that expensive.  They obviously had a contractor build it, as it was not some piece of junk.  Now the seller has to go and obtain an after-the-fact building permit.  Not only does it slow down the transaction process, it could derail it if the county comes back and doesn’t approve what was built.  If you are selling something valued at almost 1½ million dollars, are you nuts to think you can build an illegal structure larger than many people’s home, and it won’t cause any problems?  Maybe the thought of selling was not on their radar when they built it.  But selling or not, here’s a fact – rarely does a property stay in one’s family without the need for financing.

 

I get the idea that you may work in the trade and have friends that can help on the side, but get a permit.  Maybe you don’t want to get a permit because certain specialty areas need a licensed contractor to perform that work?  For the specialty areas like electrical and plumbing, get a licensed contractor to do the work.  If I were buying a home and found that someone other than a licensed contractor did the electrical or plumbing, it would not sit well with me.  After all, what could happen?  The place flood or go up in flames?

 

The bottom line is that lending and unpermitted improvements don’t mix.  If you want to see your “investment” reap the greatest reward from the time, money, and effort you put into a renovation or expansion, do it right, and get it permitted.”

for-blogReprinted courtesy of Alan Van Zee, Hawaii Mortgage Company, Phone: 808.988.6622

“Off Island Owners” “On Island Agent” Defined   Leave a comment

Mauna Lani Point Per the 2012 Hawaii Act 326 all owners of Hawaii rental properties need to have an “On Island” representative even if they reside in Hawaii on a different island from their rental property and if living outside of the State.   There has been a lot of confusion as to whether this “custodian” must be licensed or not.  The Real Estate Commission November newsletter included a good explanation of this provision.  It looks like the unlicensed individual may only work for one owner; either an individual or an entity , but not more than one owner with out a license.  This is really nothing new, just clarified again.  However there a lot of people who have built a business acting as an off island agent for many owners while not licensed.  Not passing any judgements here as I am sure most do a great job. Licensees are better educated  because of standards imposed by the State,  incur a lot of time and expense complying with license laws which demonstrates a professional commitment to service.  The license gives owners more protection and support should they need recourse.  Get the full opinion here: REC Off Island Agent Opinion

Happy Holidays to you all and may your New Year be Happy EVERYDAY!  A hui hou

Update Mauna Lani Resort   Leave a comment

DSCF4743 DSCF4733DSCF4736

It’s been a pretty good year for Real Estate values at the Mauna Lani Resort.   Although the average price of homes sold went down this year, the number of homes sold increased from 5 in 2012 to 8 in 2013.  The numbers are skewed a little because the 2-Na Hale at Pauo’a Beach sales are counted as residential, not condo.   Condo sales and their average price rose in 2013.  There were 49 sales averaging a sale price of $800,225 in 2012 compared to the 57 sales year to date (there is still the year end closing before the new year rush yet to come) with an average price of $839,577.  The vacant land market saw a lot of action in 2013 compared to the one resale of a Ke Kailani lot for $950,000 in 2012.   2013 has so far seen 6-land sales from the low price of $675,000 for an interior Ke Kailani resale lot to the awesome oceanfront 49-Black Sand Beach price of $3,000,000 for an acre along the sea.   One of the lots that sold at Pauo’a in March for $1,250,000 is now back on the market as a home under construction, see plans by clicking here.  With all this sales induced optimism, it is looking like an even better year for Mauna Lani Real Estate in 2014.

 

Hope your holidays are so happy the joy overflows throughout the New Year.    Call or email anytime.  Take care, happy holidays and a hui hou.

 

Mauna Lani Homes Market Report

Pauo’a Market Report

Mauna Lani Condos

Mauna Lani Land