Significant Sales
It’s hard to see our friends and neighbors leave Hawaii like the owner of Villages #320 but time and circumstance always require change and as we say here -a hui ho-or until we see each other again! This home is set to close on or around 11/30/17.
Villages #320 is the popular Lehua Plan with 39-panel solar system installed. It has a large, grassed common area off of the great room, 3 lanais, and is located at the end of 300 row with no adjacent building. It’s located near the recreation center for the ultimate in convenience. The Villages offers the best value for the $$ in Mauna Lani with one of the lowest AOAO fees, largest square footage plans and luxurious interior amenities and appliances. The Villages Amenity Center includes an exercise room with deluxe equipment, a full kitchen for poolside entertaining, and free- form freshwater pool and jetted hot tub.
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Villages at Mauna Lani #712 SOLD
Congratulations to the new owners of Villages at Mauna Lani #712. This Maile plan in The Villages is golf course front and has a distant ocean view and included many upgrades the Villages units are known for including solid mahogany doors and trim, luxurious kitchen cabinets and appliances. The Maile homes are spacious, 2750 square feet floor plans including 2 master suites, 3 lanais, outdoor kitchen and a large, 2 car garage. This home sold for $1,095,000.00 on 8.30.17.
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Mauna Lani Resort Site “M” SOLD on August 14, 2017-$9.75m
One of the last remaining, undeveloped sites within the Mauna Lani Resort sold in August 2017 to the same group that purchased the remaining Tokyu assets that included Mauna Lani Bay Hotel and Bungalows, golf course and racket club. Originally, the undeveloped, Site “M” parcel was sold by the Mauna Lani Resort’s developer, Tokyu to a group led by developer Stanford Car in December of 2004 for $24m.
Tax records indicate an entity related to Prospect Hill Group (DHL Mahi Propco LLC) paid a $9.75m sales price for the 150 acre site on August 14, 2017. The most interesting fact regarding this parcel is that it includes zoning for the last remaining hotel site within the resort. At some point in time when Tokyo sold the development site where 49 Black Sand Beach is now situated, they obtained permission from the County to “move” the hotel site zoning that was intended for this site and relocate it to parcel “M”.
In the past, the Mauna Lani Resort as well as The Villages at Mauna Lani had filed several actions...
Mauna Lani Bay Hotel Sale Closes-August 2017
DiamondHead Land a joint venture between an affiliate of California-based real estate company ProspectHill Group and Hawaii hotelier Pat Fitzgerald has closed on its acquisition of the Mauna Lani Bay Hotel & Bungalows. The group’s purchase is from the original resort developer and hotel owner-Tokyo Corporation. Pat Fitzgerald is also president of the Hualalai Resort. The sale includes the hotel, Francis H. Ii Brown golf courses and an additional 1500 acres adjacent to the resort boundaries.
It is reported that DiamondHead Land also owns Queen Kapiolani Hotel in Waikiki, Oahu.
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Mauna Lani Bay Hotel Sells May 2017
Mauna Lani Bay Hotel, golf course and other real estate assets sells to new owner-first time in 35 years!!
The Mauna Lani Bay Hotel, golf course, racket club, greeting center and 1000+ plus acres of undeveloped land adjacent to the resort have sold. The Tokyu Corporation via several entities owned these assets and are the original developer of the entire 3000+ acre resort. Click here to Search Mauna Lani properties.
This is the press release by the Tokyu Corporation from May 13, 2017:
KOHALA COAST, HAWAII - Mauna Lani Resort (Operation), Inc., subsidiary of Tokyu Corporation, today announced the transfer of ownership of its Mauna Lani holdings, comprised of the legendary Mauna Lani Bay Hotel & Bungalows, the Francis H. Ii Brown Golf Courses and other assets including undeveloped land and facilities. The new owner is DHL Mahi Associates LLC, an affiliate of ProspectHill Group - a California-based real estate operating company with a history of successful resort development in the Hawaiian Islands.
"While Tokyu Corpora...
49 Black Sand Beach at Mauna Lani — SOLD!
Lissette and I have had the pleasure of knowing our client and their family for many years as they have spent an extended time living within the resort and on subsequent yearly vacations. We are very pleased to now have them as neighbors in their fabulous home in the exclusive 49 Black Sand Beach community. I negotiated a sales price on this Bank owned property that will allow my client to complete the needed renovations, which will make this spectacular estate property one of the best within the ocean front community. Many thanks again to our friends and clients for allowing us to represent them in this transaction and we wish them and their family many happy memories spent enjoying their home and the ocean views and activities at Honokoape Bay.
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Villages at Mauna Lani units 429 and 221 — SOLD!
Lissette and my long time friends and neighbors at The Villages recently decided to upgrade their home to a free standing, golf course front, Kahili floor plan complete with a pool and spa-unit 429. Additionally, I was able to negotiate the sale of their other Villages property-221 and close both properties simultaneously. Many thanks to our friends for their trust and support of our business. We know that they will enjoy their new home with friends and family for many years to come.
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Nohea at Mauna Lani Lot 10 — SOLD!
For Immediate Release
This property sold in our new development Nohea at Mauna Lani recently as one of 2 speculative homes the developer designed with our team. The buyer and his family from Alaska will enjoy the golf course front location including the luxury pool, spa and outdoor living space this home includes.
The home features incredible finishes and furnishings. Hand plastered walls accentuate the rich mahogany trim, doors and cabinetry. Three Timberframe structures accentuate the hand hewn craftsmanship of every detail. Sliding doors open to views of the Mauna Lani golf course and vistas beyond. Just steps to the ocean and Mauna Lani Bay Hotel. Chef's kitchen with gas appliances, Sub Zero refrigeration, Miele coffee center and more. Detached guest suite for the ultimate in privacy. Travertine floors throughout. Nohea offers right sized home sites with views to golf fairways and the majestic Mauna Kea Mountain beyond- all cooled by pacific breezes and lulled by sounds of the ocean not far away.
Uniquely positioned...
Nohea at Mauna Lani Lot 18 — SOLD!
This property sold in our new development Nohea at Mauna Lani recently as one of 2 speculative homes the developer designed with our team. The family from Pennsylvania will enjoy many warm winters enjoying the incredible view of the 4th fairway of the Mauna Lani North golf course and listening to the sound of the breaking waves found nearby.
The home features incredible finishes and furnishings. Hand plastered walls accentuate the rich mahogany trim, doors and cabinetry. Sliding doors open to views of the Mauna Lani golf course and vistas beyond. Just steps to the ocean and Mauna Lani Bay Hotel. Chef’s kitchen with gas appliances, Sub Zero refrigeration, Miele coffee center and more. Detached guest suite for the ultimate in privacy. Travertine floors throughout.
Nohea offers right sized home sites with views to golf fairways and the majestic Mauna Kea Mountain beyond- all cooled by pacific breezes and lulled by sounds of the ocean not far away. Uniquely positioned within the heart of the Resort, Nohea is walking distance...