I just put into escrow Villages at Mauna Lani 217 for one of my buyer clients. We were the first to view the day it became available and the first offer. What happened next was the sign of the times. 6 offers or more came rolling in and everyone’s “highest and best” was countered to all offerees plus a price nearly $125,000.00 over the stated list. My clients offered that price and more and we were able to secure it for a quick closing in a week or so from now. Buyers now understand the value The Villages at Mauna Lani offer which has not always been the case. 5 years ago or so, Ka Milo units were selling for a higher dollar per square foot (+15%) even though they have a shared amenity center with Kulalani and are not as well appointed and do not offer large floor plans like The Villages. I attributed this to the fact that most of the KaMIlo sales were new, developer inventory where buyers will always pay a premium to be the first occupants. Traditionally, KaMilo’s Mahina plan (2400 SF) roughly sold for what the Villages Ma...

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 When comparing the first 9 months of 2020 and 2021 one has to consider that 2020 was a lockdown year and 2021 has seen explosive market conditions. A Better comparison is probably to the 2019 real estate market but for simplicity sake, here are some “fun facts” comparing September of 2020 vs. 2021 year to date. Watch the full video for more interesting stats! The market for Big Island condominiums continues to be strong with prices up island wide from a sales price average of $410,000.00 in September 2020 to $488,750 currently. Average Single Family home prices have escalated from $370k to $499,500 as inventory has lower priced inventory have been absorbed and possibly newer and more expensive homes have become the only options at higher prices. The number of land transactions also increased island wide, from 175 to 224 in September 2021. There were 107 condominium transactions in September 2021 vs. 29 in 2020 probably due to travel restrictions to the island. The volume of single family home sales escalate...

Filed under: Blog, Kohala Coast Luxury Resorts, Newsletter, Real Estate by Rick Oliver
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I just listed then quickly put into escrow a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. The new owner will enjoy the Incredible course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2 bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities incl...

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I just listed a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. Enjoy the Incredible course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2 bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities include two, 18-hole championship golf courses and members...

Filed under: Kohala Coast Luxury Resorts, New Listings, Real Estate by Rick Oliver
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Hawaii remains world-class for the vacation-seeking public, especially after the COVID lockdowns of 2020. Interestingly, we have observed the most significant influx of east coast and midwest visitors to the resorts we remember in the last 20 years. These visitors, combined with the typical west coast tourists, are causing 90% occupancies, packed restaurants, and the usual island activities like helicopter and boat tours. The Transient Accommodations Tax scheme, which funds the general State budget, is changing for those of you who own Vacation Rental Properties here in Hawaii. Hawaii state lawmakers passed HB 862 CD1 which would divert to the State government's general fund (GF) $103 million from the State's transient accommodation tax collections (TAT) that otherwise would have gone to the counties. The tax is 10.25% charged and collected for all vacation rental accommodations six months or less, including Hotels and Short Term Vacation Rentals. Instead, the State will keep 100% of the tax collected and allow each County to c...

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3-Car Garage, End Of Cul-De-Sac, 1800 plus square feet I just put into escrow after 30 days on the market, the largest, single Level plan in the newer section of Sunset Ridge. This home is located at the end of the cul-de-sac, and features heavy landscaping and rock walls. There is plenty of storage for cars and toys in the 3-car attached garage. Upgrades include Central air conditioning, completely insulated, and stainless steel, kitchen appliances. The home has never been rented by the current owner and has been rarely used in last 2-3 years. The left side and rear yard, behind the garage, offer plenty of room for expanding the landscape or for a pet area. The great-room plan allows for views to the landscaped back yard and 3 possible eating areas surrounding the kitchen including a breakfast bar and nook plus a dining room. Outdoor living and dining are easily accessible from the great room or the master bedroom. The guest bedrooms are large enough for queen and king sized beds and have wall closets for plenty of storage....

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Nohea at Mauna Lani Lot 25 is Under Contract!! We just put this Nohea offering in escrow for one of our existing clients that believe, like ourselves, that Mauna Lani offers one of the best values along the Kohala Coast. We've had lots of traffic on our Nohea homes with many compliments regarding the floor plans, furnishings, finishes and fixtures. This home is Bali Modern themed and furnished with items that accentuate the cabinetry, trim, wall coverings and finishes. The cabinetry, elaborate hardwood trim, hardwood floors and hand troweled, Old World stucco exteriors are unusual for this market. Lush landscaping is also included featuring a grass and paver driveway which adds more "green" scape where you would expect hard surfaces. Nohea at Mauna Lani Each home features a double courtyard plan allowing maximum light and air distribution throughout the home including the guest suites. The main living area features sliding pocketing doors that open to a large lanai and pool with 6 person, jetted spa. The master suite inclu...

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SOLD-Golf Course Front-Tropical, Arts and Crafts inspired, modern  bungalow with large Solar System. We just SOLD this home that Lissette and I were part of the design team when this fabulous show home was conceived and built in 2011.  The design motif is intended to be a Tropical, Arts and Crafts inspired, modern  bungalow.  It’s now on it’s way to a new owner from Canada and was sold furnished with a large solar array and Tesla Battery storage system. Property Features: The exterior facade features stacked stone, old world stucco, cedar lap siding, copper gutters and an authentic slate roof.  The interior features Syrian, shell infused limestone floors, mahogany trim, doors and cabinetry and hand plastered walls to match the exterior stucco.  Extensive mahogany trim, doors and cabinetry are installed throughout the house.  A custom, SONOS sound system streams music in all interior and exterior spaces.  There are 4-zoned air conditioning systems that provide efficient cooling of the separate areas. The mas...

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SOLD-3 BR-Townhome with ocean and mountain views on the Coconut Grove! MLS# 644147 Hali’i Kai at Waikoloa Beach Resort  Unit 24-G $875,000 69-1033 NAWAHINE PL WAIKOLOA BEACH RESORT We just SOLD this never rented and outstanding Hali'i Kai 3 bedroom, three bath townhouse has views to the Coconut Grove common area. This home is sold fully furnished and features excellent views of Mauna Kea, Kohala mountains, all from the upper lanai, which is adjacent to the Master Bedroom suite. At 1677 sf, this unit is the largest floor plan within the development, with plenty of room for guests. The kitchen includes granite countertops, African Mahogany cabinets, stainless steel appliances, and central air. Completing the package is a one-car garage with an additional parking space directly in front of the garage. The main floor features an open kitchen, living and dining space, and a generous lanai. Luxury features continue on the lower level with a full laundry room, which includes a full-sized washer and dryer, two huge storage...

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UNDER CONTRACT - Hali’i Kai at Waikoloa Beach Resort  Unit 24-F MLS# 644323 Hali’i Kai at Waikoloa Beach Resort Unit 24-F $875,000 69-1033 NAWAHINE PL WAIKOLOA BEACH RESORT 3 BR-Townhome with ocean and mountain views on the Coconut Grove! I just put into escrow this successful vacation rental in Hali'i Kai in the Waikoloa Beach Resort.  This 3 bedroom, three bath townhouse has views to the Coconut Grove common area that offers plenty of privacy. This home is sold fully furnished and features excellent views of Mauna Kea, Kohala mountains, all from the upper lanai, which is adjacent to the Master Bedroom suite. At 1677 sf, this unit is the largest floor plan within the development, with plenty of room for guests. The kitchen includes granite countertops, African Mahogany cabinets, stainless steel appliances, and central air. Completing the package is a one-car garage with an additional parking space directly in front of the garage. The main floor features an open kitchen, living and dining space, and a generous l...

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