Kulalani at Mauna Lani update-New home sales suspended
On or about July 24th all new inventory and pending sales were withdrawn by the listing agents for Stanford Carr at Kulalani at Mauna Lani development. As many of you may know, the development’s financing has varied over the years due to the recessionary forces that caused the original developer, Stanford Carr, to halt construction for several years. Built inventory of approximately 40 units was absorbed during the time period between 2009-2012. New construction resumed in 2013-2014 and has progressed to the last 4 buildings (20 units) of which 2 buildings are yet to be started (10 units).
Newer resale homes in Kulalani offered for sale are still a great value in this community and offer the best construction quality at some of the lowest price per square foot of any community-new or not-in the Mauna Lani. Most offer golf course views and or back up to the popular, dual pool community center that is shared with Kamilo at Mauna Lani. I’ll keep you informed when I understand the circumstances surrounding the halt to new home sales and again there are plenty of resales to choose from if you are interested in this community.