Archive for the ‘KaMilo’ 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

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

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

 

The Big Island Oceanfront from Puako to Keauhou   Leave a comment

Finally, there is some selection in the Big Island’s oceanfront real estate market along the “Sunset Coast” from Puako to Keauhou. Changing times give us an oceanfront market that owners of legacy properties find a bit more enticing.   Less regal properties are offered for sale as well.   From vacant land like no others to condos along Ali’i Drive or Puako Beach Road fixers, the selection is pretty interesting right now.   There are many more beautiful coastal properties than discussed here,  these stand out from the rest!

 The most fantastic oceanfront property now on the market is a 21-acre, 4-taxkeys oasis of white sand beach, protected lagoon and rich history. Walk 10-minutes south along the beach from Anaehoomalu Bay at Waikoloa Beach Resort until you reach old beach shacks overlooking the lagoon. The property sits near the border where the South Kohala and North Kona districts meet.  Ruins of an old Hawaiian village are buried under Keawe trees to the South.  The clash between Hawaiians and the Fair American took place in nearby waters off this stretch of coast.  (Different accounts place the encounter as far south as Ka’upulehu or as far north as Puako)  A 3-masted schooner petroglyph is carved in the lava bank here, perhaps memorializing this event.    If you ever wanted a place on a white sand beach to call home…click here to meet your new reality.  “Truly a rare opportunity” cannot be stated more clearly in reference to this property.   It is accessible by vehicle down a private road off of Queen Kaahumanu Highway.

Oceanfront Puako just got better too with a price reduction of $400,000 at 100 Puako Beach Drive (MLS# 257993 click here), from $2,600,000 to $2,200,000,  a much more reasonable price for this tear-down property.   It is now priced in line with recent Puako vacant land sales.

Best priced resort home, actually only true oceanfront resort home, is at Kolea Kai in the Waikoloa Beach Resort.  First listing incarnation in 2009 at $8,750,000 was a bit ambitious,  MLS# 257650 is now smartly priced at $5,995,000.  Expect to see this sold soon given the dwindling inventory and improved value at this price.

Another  unique property is the 2.95 acre estate  at the north point of Keauhou Bay where it is rumored John Wayne married his wife Pilar.  Stately trees shade park like grounds here which include a functioning private dock at this richly historic setting of Keauhou Bay .   Years ago, when personal estates dotted the Keauhou Bay shores,  private docks were common.   More recently it claims its fame as a repository of a Vladimir Ossipoff designed home.  This home was designed with the lighting, breezes and the ambience of this place in mind.  The existing home may need updating but the benefit of the property consisting of two Taxkeys gives one the latitude to build a new home privately situated away from the exiting home.   Pool, pool house and tennis courts complete the package.

The Oceanfront condo list must be interpreted a bit more broadly than the other lists.  Oceanfront condos translate to oceanfront condo “projects” .  Some of the units listed may not really be oceanfront although they are in an oceanfront project.

.  Hali’i Kai 8A, MLS #267028 is not a direct oceanfront unit in Waikoloa Beach Resort, but its views make it feel pretty close.

This Mauna Lani Terrace unit is one of the few 3-Bedroom condos you will find in Mauna Lani so close to the water.

 In Kona, a new listing of a Keauhou Kona Surf & Racquet Club #3301, MLS#267296 seems very reasonably priced at $699,000.

Check out the lists below to see the oceanfront properties for sale along the Sunset Coast.   Call or email when you have the time to talk real estate.  Until then, take care, stay well, be happy and a hui hou!!

Sunset Coast Homes For Sale

Sunset Coast Land For Sale

Sunset Coast Condos For Sale

It’s the Season…   Leave a comment

Hohoho Aloha.    Holidays in Hawaii are lit by the same dreams as those of other places.  All the children get excited about Santa Claus and bring out socks this one time of year because there is no way slippers can hold all the Santa booty.   Businesses slow down as both the employees and the employers take off to share the joys of Island life with family and friends.  The feeling of aloha is even stronger this time of year.

The Big Island holiday season is the time when very special properties come on the market.  The best resort and oceanfront properties are released to the market this time of year.

IMG_3124Mauna Kea Resort Home For Sale

Mauna Kea Resort adds two very cool properties to its limited inventory of homes and land for sale.   These properties are really one; a stately home on one parcel and the adjacent empty lot.  It’s a very interesting opportunity for the right person.

Entry (1)Forty Nine Black Sand Beach also has this new listing of a great oceanfront lot.  The owners club at 49-Black Sand Beach is quietly and tropically elegant set steps away from the black sands of Honu’apae Bay.  There is also the possibility that I can sell you a great house at Pau’oa BeachMauna Lani Resort Beach Club…..have a shy seller who would like to sell quietly at the moment.  We may go on the active market in early 2013.

Kona Bay Estates Real Estate for Sale in Kailua-Kona, HawaiiOceanfront Kailua-Kona has some new, high quality merry season offerings. Kona Bay Estates Oceanfront home for sale There is a very attractive oceanfront home and  a great lot for sale only a short walk away from Keiki Beach at Kona Bay Estates.   A home that more than one oceanfront buyer asked about at Ali’i Point is finally on the market. Home at Alii Point There is also a new lot listing a few lots north. Down at the end of Keauhou past all the condos, along a dusty beach road is this very cool Island style home.Keauhou Ocean Front Home For Sale  Island life has totally different feeling from resort living out here at the edge of Keauhou.

Santa and Mrs. Claus relax on the Big Island

There are many reasons why this is the time of year that typically generates the best quality of Real Estate inventory.  As they say” timing is everything” and then there’s that phrase about “location, location, location”….. The location is Hawaii; the timing is now.  The winter market is shaping up to be one of beautiful choices at good values.  Just the way life should be….

Merry Christmas, Happy Holidays, Happy New Year!

A hui hou!