Archive for the ‘South Kohala Real Estate Agent’ Tag

First Annual Tiki Festival on the Island of Hawaii11/16/2017 – 11/18/2017   Leave a comment

First Annual Tiki Festival on the Island of Hawaii is happening November 16-18, 2017.

Details: Royal Kona Resort Thursday November 16th: 

3PM to 5Pm Live Music by Sean Wilkinson

4PM to 10Pm 4 Artists Booths

First Annual Tiki Festival Official Opening Welcome by Kona Kozy 4:15-5:15

Opening Dance Number Criste Entertanment 4:30PM to 4:45pm
Kona Kozy Introduces Chef Sam Choy, Artist & Entertainers

Henry Kapono Plays Muisic 5PM -7PM uninterrupted

Chef Sam Choy book signing 5PM

Chef Paul Muranaka joins in Free Poke Tatsters 5:30PM until All Gone!

Kozy INtroduces LT Smooth Band 7:05-7:15

LT Smooth & Kozy Guitar Auction 8PM

LT Smooth Band Plays thru 10PM

Kozy’s Tiki Palace Shops at Mauna Lani Friday November 17th + 18th:

Friday November 17th: 6Pm-8Pm Kozy’s Tiki Palace Meet and Greet with the Most Famous Tiki Artists in the USA! Shops at Mani Lani, at Kozy’s Tiki Palace

Saturday November 18th: 2PM -6PM Wrap up our Free Event with a stroll through the First Annual Kozy’s Tiki Food and Art Market! 


Date: 11/16/2017 – 11/18/2017 Event is: Thu, Fri, Sat
Locations: Royal Kona Resort , Alii Drive Kailua Kona Hawaii, Kozy’s Tiki Palace Shops at Mani Lani Waikoloa

Hours: See Details daily
Cost/Cover: FREE

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

Contact Info: Jill Weiss 808-319-7733

Audience: All Welcome

Sponsored By: Kozy’s Tiki Palace, Naked Rum, Kona Royal Resort, Tiki Shark Art, Inc. Kona Oceanfront Gallery

Karen E. Bail, RB-16072

808-936-4640

Fax: 808-883-2263

kebail@aloha.net

http://www.KarenBail.com

Advertisements

8th Annual Uncorked Food & Wine FestivalSaturday November 11,2017   Leave a comment

8th Annual Uncorked Food & Wine Festival takes place on Saturday, November 11th at The Shops at Mauna Lani! 


The Shops at Mauna Lani’s “Uncorked” Food & Wine Festival is an experience in great taste—from rich jazz to fine wines and delicious gourmet foods—on Saturday, November 11, from 6 to 8 p.m.

The annual event is a benefit for the Visitor Aloha Society of Hawai‘i Island (VASH) which assists Hawai‘i visitors touched by adversity during their stay, from lost tickets to medical emergencies.

The evening stars multitalented vocalist Binti Bailey, whose diverse musical skills slide effortlessly from blues to classical, jazz to soul and more. A performer in-demand in Kona clubs and music venues, Bailey will release her premiere CD, “Honestly,” this year.

As if exposure to Binti’s music wasn’t enough, Uncorked guests can savor food tastings from the “izakaya-style” menu of Monstera, European flavors of The Blue Room, upscale vegan cuisine from Under the Bodhi Tree, contemporary island style by Tommy Bahama Restaurant & Bar, and the traditional sizzle of Ruth’s Chris Steak House.

In addition, acclaimed Kohala Coast restaurants will share samples of their specialties, including Mai Grille by Chef Allen Hess, Roy’s Waikoloa Bar & Grill, Sansei Seafood Restaurant & Sushi Bar, Sushi Shiono, Pueo’s Osteria, The Fairmont Orchid and others, with libations by Southern Wine & Spirits, Kona Brewing Company and more.

Uncorked attendees also get the chance to bid for bargains in the upscale silent auction, featuring wine tours and travel packages, golf, dining, island adventures and beautiful items from the The Shops’ stores. As a special bonus, ticket holders will receive great offers from participating stores and restaurants at The Shops at Mauna Lani on the night of the event with a “VIP Shopping & Dining Discount Card” valued at over $100 for future visits.


Location: 68-1330 Mauna Lani Drive Kamuela, HI

Hours: 6:00 pm – 8:00 pm

Cost/Cover: $65 in advance or $80 on the day of the event

Web Page: http://www.shopsatmaunalani.com/8th-annual-uncorked-food-wine

Contact Info: The Shops at Mauna Lani at 808-885-9501.

Tickets are $65 in advance or $80 on the day of the event, and may be purchased online at http://www.Uncorked2017MaunaLani.bpt.me. 

Additional event parking will be available.

Karen E. Bail, RB-16072

808-936-4640

Fax: 808-883-2263

kebail@aloha.net

http://www.KarenBail.com

Waikoloa Market Update ~ October 2017   Leave a comment

Aloha and happy Monday to you! The Waikoloa market is going strong with slightly more than 3% appreciation in the last 3-months, click here for: Full Market Report, over the previous three (click here for: homes sold in that period).

The previous three included several bank owned homes to lower the average price. Inventory is still limited. There are more buyers than inventory. Buyers today are less likely to invest sweat equity, preferring a home in good condition, ready to move in and priced at market. Homes within these parameters will sell in days to buyers waiting for the right home at the right price. Not a bubble market where everything sells at any price. You can see this reflected in the full report that shows homes overpriced or in poor condition still languishing on the market. Saw some new homes finished well that did not seem grossly overpriced finally sell when the price was lowered to the market value. There are a lot of buyers who are patient and exercising good judgement. Banks continue to expand their loan programs to be more accessible to a wider range of buyers while adhering to conservative lending practices. No funny money if you can breathe loans!

Rental market remains very tight and monthly rental rates continue to rise. Average rent in Waikoloa now hovers between $2,000-$2,500 per month. Unemployment is very low with a strong construction and high visitor counts. There is a labor shortage in many sectors and lack of rentals discourages new labor sources.

There are developers starting to move on purchasing shovel ready projects or dusting off their plans to get ready to start building more homes. The Vista Waikoloa project is an appealing project of around 30 or so homes starting around $600,000. It is another Town home project with good design and finishes.

Ainamalu at Waikoloa Beach Resort is a very attractively priced community for resort homes. It is a green development offering photovoltaic power, propane farm piping gas to the homes (rare to have this set up on the Big Island) and eco-friendly construction. No great views but beaches within walking and biking distance is a big draw as are the Greenways throughout the neighborhood. The soon to be built community center is pretty WOW. They are moving forward with construction steadily and expect to start delivering completed homes soon. Demand is very solid for this project.

Please feel free to call anytime to discuss Waikoloa further. Always good to hear from you!

Aloha and a hui hou~
Karen E. Bail, RB-16072

808-936-4640

Fax: 808-883-2263

kebail@aloha.net

http://www.KarenBail.com

HawaiiCon 2017 at The Mauna Lani Bay Hotel + Bungalows    Leave a comment


The most unique experiences in fandom happen at HawaiiCon. Go on an adventure tour with your favorite celebrity or join them at their table during a pool side lu’au by the beach. 


Passes to convention required to participate in all add-ons including tours, workshops, and photo-ops.


HawaiiCon 2017

Date: 9/14/2017 – 9/17/2017

Address: Mauna Lani Bay Hotel & Bungalows, 68-1400 Mauna Lani Drive Kohala Coast, HI 96743

Hours: Thu, Sep 14, 2017, 7:00 AM – Sun, Sep 17, 2017, 11:00 PM HST

Cost/Cover: Starting at $10.00

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

Contact Info: DaveMinkus@hawaiicon.com


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

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.

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! 

Kohala Ranch Sunset Open House 7/18/13 4:30 – 6:30   Leave a comment

Kohala Ranch Sunset Open House July 18 4:30 to 6:30Have you been thinking that Kohala Ranch might be the perfect place for you to call home?    Any plans this Thursday, July 18, 2013, between 4:30 and 6:30?  We are holding these two Kohala Ranch homes open during the late afternoon sunset hours.

Both are located in The Heathers of Kohala Ranch.  This is the preferred neighborhood of all the Kohala Ranch neighborhoods.   The appeal of the location at low, near ocean elevation and the unique to The Heathers  terrain offering more wind protection than upper elevations of Kohala Ranch  attracted many of today’s Heathers residents.   Each home has a different feel, features, floor plan, finishes, views and location.

Take this opportunity to see if one will call you home to Kohala Ranch!!

Master_View_WR

Red Wine and Chocolates are to be enjoyed while you tour this home at 59-576 Ka’ala Road

White wine, Prosecco and Rose will be served with some nice cheeses, including Big Island chevre, at 59-316 Oma’o Way.