A hui ho Barbara and Bob Wales-Lissette and I shared many wonderful moments in time with both of you at each others home, church and many other occasions. We’ll miss both of your Texas accents and truly charming demeanors-reminds me of my roots in Georgia. The Wales home SOLD 11/27/17. 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. Click here for a copy of the Sales Flyer Click here to sign up for my blog Click here to search properties

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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. Click here for a copy of the Sales Flyer Click here to sign up for my blog Click here to search properties

Filed under: Significant Sales by Rick Oliver
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As we enter the 4th Quarter of 2017 at the end of our summer sales season, I thought it would be helpful to asses the positive market trends so far for the State and island of Hawaii and the US for 2017. Below is a synopsis of some helpful statistics I gathered from the Corelogic and our Multiple Listing Service-Hawaii Information Service. The stats indicate a general positive trend with +6% average value increase nationwide-Year over Year (YOY)-and for most areas of the State of Hawaii and the island of Hawaii also. Regarding the Kohala Coast market, the median sales price of single family homes has started to catch up with condominiums with a year over year increase of +12.36%. Condominiums have leveled out at a +5.16% increase-YOY. Due to lack of inventory in the $560k range-total number of homes sold have decreased slightly YOY-6.47%. Sales volume gives you a clue as to momentum. Both homes and condominiums are up over +21% for SFR and +30% for condominiums-YOY. For particular note, these stats show an above average, ...

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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...

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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. Search Mauna Lani Resort Properties Blog Sign Up

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As we enter the 3rd Quarter of 2017 in the middle of our summer sales season, I thought it would be helpful to assess the positive market trends so far for the State and island of Hawaii and the US for 2017. Below is a synopsis of some helpful statistics I gathered from the States largest escrow company-Title Guaranty, Corelogic and our Multiple Listing Service-Hawaii Information Service. The stats indicate a general positive trend with +6% average value increase nationwide-Year over Year-and for most areas of the State of Hawaii. For particular note, these stats show an above average, positive result for my particular market area: South Kohala Resort District: +15.51% Increase in median sales price of single family homes YTD 2017 vs. YTD 2016 South Kohala Resort District. +18.03% Increase in the total number of condominium homes sold YTD 2017 vs. YTD 2016 South Kohala Resort District. +15.61% Increase in median sales price of condominium homes YTD 2017 vs. YTD 2016 South Kohala Resort District. Again and importantl...

Filed under: Real Estate by Rick Oliver
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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...

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7 homes under contract Developer’s representative reports! I communicated recently with Brian Anderson’s sales team for an update on sales and development of their community.  They report 7 units in the phase 1 section of single family homes are “under contract”. They also report that an important part of their development plan has been changed. Instead of a community solar farm as initially planned, they will instead offer a roof top solar alternative via various lease options including an option to “buy out” the lease. They also mention “to ensure energy security, the micro grid has been designed with additional large community storage banks of batteries.  We also augment our electrical demand by utilizing propane for our stoves, dryers and water heaters.”  They further add, “The HE`E PV + Battery Storage Systems are state of the art, constructed of top quality equipment that is proven to be safe and reliable. The proprietary HE`E system is named after the Hawaiian Octopus for the system’s unique ab...

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The developer’s representatives report approximately 50 total units left to sell in the community with 11 units in completed inventory for sale and 1 pending sale. There are 4 resale opportunities also. Kamilo’s elegant homes – with their double-pitched tile roofs and full-width lanai doors – are surrounded by the rolling greens and fairways of Mauna Lani’s North Course. Some floor plans enable homeowners to walk out of their property and go straight into a private pool and spa. Kamilo’s kamaaina-style architecture testifies to the rich living cultural heritage of Hawaii’s royal past, with all the amenities of today’s easy and convenient living. Kamilo offers an interesting collection of paired homes and single-family condominiums, and has five different floor plans to choose from. In addition to being set amidst magnificent golf courses and majestic mountain views, Kamilo also offers some lucky owners views of the calm Pacific Ocean. January 2017 Inventory: 5-Honua “A” 3br/3ba Duplex 1653 s/f $855...

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On a recent Saturday afternoon Lissette and I decided to drive to the Mauna Kea Summit located at 13,800’ above sea level to check out the snow conditions and watch sunset. It’s a 1:15 minute drive straight up hill from our home at sea level along the Kohala Coast and totally worth it for the incredible vistas to our side of the island and beyond. We were greeted by snow covered, lava cones and an ethereal vista filled with wispy clouds and cold blasts of 25 degree dry air. We are truly blessed to be able to drive to the tallest mountain in the world located in our own “back yard” on a whim:) Let us know if you would like to consider owning Big Island property in the future where experiences like this are frequent and plentiful! Click here to search our website for your piece of paradise!

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