Hawaii Island 2016 Real Estate Update
Hawaii island showed strong growth in both unit and sales volume with West Hawaii luxury homes driven by strong sales in new inventory at the new Kohanaiki Golf and Ocean Club community near the Kona-Keahole airport. Click here for more Kohanaiki information.
Pacific Business News reports, “Kohanaiki finished the holidays with just over $30 million in sales with another $12 million currently in negotiation, and also completed a $65 million clubhouse designed by architect Shay Zak of Zak Architecture.
The 67,000 square-foot space includes a cigar lounge with a poker table and scotch bar, a collection of more than 200 artworks and artifacts, a private brewery, a four-lane bowling alley, a 21-seat movie theater and a holistic spa designed by Tracy Lee.” “California-based IHP Capital Partners Inc. and Kennedy Wilson, Inc. developed the 500-home project, which was halted in 2008 due to the recession. The 450-acre, private residential community began sales in 2013.”
Hawaii Island Experiences Positive Unit Sales Growth in ...