Archive for the ‘Big Island Real Estate Agent’ Tag

 9th Annual Don the Beachcomber Mai Tai Festival   Leave a comment


9th Annual Don the Beachcomber Mai Tai Festival is Saturday August 19, 2017! 

Royal Kona Resort celebrates the legendary Mai Tai cocktail at the 9th Annual Don the Beachcomber Mai Tai Festival. Watch as over 20 of the world’s top bartenders converge on the Big Island of Hawaii to mix it up in a battle for the title of World’s Best Mai Tai and a $10,000 cash prize.


Festival Highlights Include:

🔅Mai Tai Marketplace: Shop for crafts and island treats from local artisans and merchants from 11am-4pm

🔅Battle of the BBQ: Taste and vote for Hawaii’s best barbecue from 11am-2pm

🔅Pool Party: Listen to live music from local Hawaiian artists by the pool from 2:30pm-4pm

🔅Mai Tai Mix-off: From 4:30pm – 7:30pm watch bartenders from around the world vie for the title of World’s Best Mai Tai and cash prizes. First place winner receives $10,000, second place winner receives $5,000, and third place winner receives $2,500.

Date: 8/19/2017 (Saturday)

Address: Royal Kona Resort, 75-5852 Alii Drive Kailua Kona, HI

Hours: 11:00 am – 7:00 pm

Cost/Cover: Free

Web Page: http://www.donsmaitaifest.com/

Contact Info: Contact Royal Kona Resort at (808) 329-3111.

Photo + Article courtsey of: http://www.whofish.org

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Touch a Truck for Keiki!    Leave a comment


Keiki of all ages are invited to Touch a Truck at Kona Commons on August 12 from 10 am to 12 noon! Explore big trucks and meet the people who operate them! Trucks include emergency vehicles, construction trucks, tow trucks and more!

Touch a Truck offers kids a hands-on opportunity to explore working trucks of all types. Children of all ages are invited to creatively explore the trucks with guidance from the professionals who use the trucks. Meet the people who build, protect and serve on the Big Island.

Bring the family to Touch a Truck and enjoy free keiki activities, a waterslide and prize giveaways. Event presented by Kuleana Education.

Touch a Truck

Date: 8/12/2017 (Saturday)

Address: 74-5450 Makala Blvd., Kailua-Kona, HI 96740

Hours: 10:00 am – 12 noon

Cost/Cover: Free

Web Page: http://konacommons.com

Contact Info: Nancy Sakamoto – 808-896-5308

Photo + Article courtsey of: http://www.whofish.org

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Ka’ao Place UNDER CONTRACT in 24 hours!    Leave a comment

UNDER CONTRACT in 24 hours! 

Sweet home on Ka’ao Place includes million-dollar ocean views at half the price. This refreshed, well-loved home to only one family since the day it was built wasn’t for sale for long! 

If are thinking of selling your home or just want. Market update call me today! 

Aloha,

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Waikoloa Village Homes Market Update   Leave a comment

It’s officially summer….time for the mid-year Waikoloa Village Market Report. Inventory is low at 31 homes currently for sale ranging in price from $310,000 to a high of $847,750 with most homes listed in the mid-$400,000s. There are 30-homes in escrow, waiting for their sale to close at this moment. Wow! There have been 48-homes sold so far in 2014. Short sales and foreclosures still appear and sell quickly if priced right, but they are no longer a major part of the market. The limited inventory may nudge prices up in Waikoloa for the near future. The lack of vacant land to build on here also puts upward pressure on the prices. Click here to see Year to Date market report.

The first quarter of 2014 saw 21 sales at an average price of $434,257. Homes were selling within 97% of their listed price in an average of 94 Days on Market (DOM). This compares well to the first quarter of 2013 where the average price was $335,369 of a total of 16 sales. That is a year to year, first quarter price increase of 29% and a 31% increase in the number of sales.

There were 27 homes that sold in the second quarter of 2014 at the average price of $472,348. Sellers realized, on the average, about 97% of their asking price in an average of 91 days on market. There was large volume increase of 28% over the number of homes sold in the first quarter of this year. This same quarter in 2013 saw more sales, 31, but at a 21 % lower average price of $390,569. The 2014 second quarter price is also higher than the third quarter 2013 average of $368,539, but, lower than the 2013 fourth quarter average price of $496,999. This average may be higher because only 22 homes sold in the last quarter of 2013, one which was over a $1,000,000.

There are a lot of buyers looking to call Waikoloa home. If interest rates remain low and the world stays calm, we expect to see prices continue to move into the upward direction.

As always, please feel free to call or email to discuss. Be happy, stay well and a hui hou

OLYMPUS DIGITAL CAMERA

Waikoloa Village Golf Course

Island of Hawaii Sweet Spots on the Sea   Leave a comment

 

   North Kona

The rush of the winter market has subsided for the moment…or has it? The past few years have shown that the snowbird market is not necessarily the best time for the astute buyer to buy Big Island property, especially the “trophy” properties along the ocean and in the resorts. The last weeks of April into the first week of May are experiencing a vigorous buying frenzy. Properties listed in December anticipating ambitious appreciation have now languished long enough that the serious sellers are now motivated to move on and let go. So these oceanfront Big Island properties may now be ripe to pick up at realistic market prices.

The first one is south of and adjacent to Waikoloa Beach Resort.  Click here to see.   It is 27 acres directly on a white sand beach.  The conservation designation may limit what you can build to 5,000 square feet of improvements, conservation zones vary based on each locations’ unique classification.  But waking up to the blue skies, seas and white sands under a warm sun is heavenly.  It is priced well at $7,000,0000 when compared to the slightly smaller parcel of 21+ acres a bit more to the south and less easily accessed property to the south asking $20,000,000, click here to see this listing

Go North!  North Kohala now offers this totally different oceanfront world (Click here), one where cliffs meet the sea in front of rolling acres of North Kohala pasture lands.  The views both inland and seaward are awe inspiring…really.  If this moves you, you have to check out my listings along the shore that have just seen a significant price reduction.  This oceanfront acreage graced by a rare stand of indigenous Hala and the adjoining virtual oceanfront parcel together equal almost 50 acres.  They can be purchased separately or together with the Jim Cutler designed home on the mauka boundary to create a 73+-acre oceanfront estate The seller promises a nice discount if these three are purchased as one. 

Drive south of Kona to historic Kealakekua Bay.  Along its south shore is a secluded, gated road; Keawaiki.  Go further down this Road and you will come to Puu Honua o Ho’onaunau, also known as the City of Refuge. Spent a lot of time here lately in this magical place with clients who purchased a super sweet oceanfront home last month.   There are very few places like this where one watches lauipala, (yellow tangs) swim in clear ocean water from the shore, seeing them as clearly as if you were in the water with them.  Which is really where you should be; swimming, surfing, kayaking and playing in the warm waters of this black sand beach bay.  This property, click here, is a true Kama’aina home on almost one and a half acres.  You have to wonder how much you will use the pool when you have the best ocean waters in the world to play in a few steps away. 

Thought since we are talking ocean you might want to think about this property that just saw a nice price reduction.  Here on Kaiolu Drive off Ali’i Drive (click here) is a double lot that is truly oceanfront though technically not (call me for the explanation). Then there is Puako….one of my favorite homes is still for sale. It is well priced at $5,950,000 given that this winter saw a sale of another home on the ocean here for $7,250,000. The cute little cottage across the street on the mauka side of Puako Beach Drive is also still for sale…there has been one price reduction so far, maybe an offer closer to the most recent mauka sale would now be appreciated. 

Lets not forget the lovely oceanfront Pauo’a Beach at Mauna Lani.  This sparkling new home feels as much like oceanfront as non-oceanfront can.  The resort location allows one the opportunity to walk to many of the nearby amenities.  It should be finished by next month.

Enjoy your week!  Stay well, be healthy and call if you want more information or to schedule an appointment.  A hui hou

Puako Puako Puako Love Puako!!   Leave a comment

OLYMPUS DIGITAL CAMERAIt’s that time of year not only for Christmas shopping in malls and on-line for the usual gifts…but also time to buy some of the finer Big Island Properties.  Sellers present some of the best properties to the Real Estate market at this time of year in anticipation of the influx of snow birds..the kind that don’t fly in on their own wing power …the kind that had one too many winters without a tropical escape.  So it’s never a surprise to see a better caliber of Real Estate, in all categories, come on to the market during the holidays.

We had a large swell come in at the end of last week and another scheduled for Christmas Day.  The surfers are ecstatic!  Winter waves are here!! DSCF6561

While the big waves rolled in, this home was listed.  It has to be one of the nicest homes in Puako…built to the standards required by Resort covenants and restrictions that do not exist in Puako.  One of the attractions about Puako, as you know, is the freedom to conform only to your tastes in a home!  Yet you can see that the homes recently built or under construction are pretty substantial especially compared to the old fishing shacks originally built here.  There are still enough of these to retain the character that makes Puako….Puako.

The mauka  property that created so much excitement has yet to close.  The other new listings of recent weeks did not generate the stir the Chin property did…was it the over sized lot?  The price?  Probably both.   All those offers in less than a week on the market was unexpected by the seller. 

 There were two sales in the last week. This home just closed today after on the market 472 days.  It was originally listed in May of 2011 for $5,650,000.  After not selling, it retired from the market for a bit and a year or so later it reentered the market in August of 2012 at the list price of $4,895,000.  The final sales price is $4,450,000 which, when one compares value based on quality of elements and design,  validates the prices of the new makai home listings.  And, miracle of miracles, ( a miracle of the season?)the multi-parcel lot next to the Sullivan Estate finally sold after literally years on the market as a bank owned property.  Not sure that the flooding issues on that property from all directions; underneath (high water table), the ocean side when there is high tide or surf and the mauka side when it rains, were mitigated. 

 

The property formerly known as One Puako, now Puako Beach Lots plans to reconfigure back to the 7-smaller lots proposed as One Puako from the current 3-lot configuration.  Prices were lowered some.  High prices and subsequent lack of interest as evidenced by no sales proves that market value per square foot does not rise equally with size.  Could  be a great time to buy this property before the 7-lot reconfiguration is completed.  It is the perfect site for a family compound with the 3-lots ready to be built on.  My thoughts are that there could be a significant discount for a sale “as is” to one purchaser!

As always, call me to set up an appointment or to talk about any of these properties(or elsewhere on the Big Island or Oahu).  Hope you spend the next few days happily surrounded  by those you love enjoying the holiday season in whatever way you choose to celebrate.  Just be safe, have fun, stay healthy, stay happy and a hui hou! 

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