Here is the latest real estate inventory available at the Beach Villas at Ko Olina. All units were sold but some purchasers were not able to complete their transactions. So these units have come back on the market at their highly discounted price that were offered in May. This is either the last chance or close to it!
(See the blog post following this one for photos)
Beach Tower 1001 and 1003 (sold) - (2 bedroom, 2 bath) are located on the Sunset side of the Beach Tower (facing the JW Marriott). Both villas are $1,099,900, which reflects a 44% and 49% reduction in price. Additional incentives include a furniture package, 1 year AOAO credit and a 2nd parking stall. Incentives valued at $86,130. (Note: As of July 24th, 1003 is sold)
Beach Tower 210, Beach Front - (2 bedroom, 2 bath) stunning beach front view, right on the sand! Furnished like a model, ready to go! Price in 2009 was $2,800,000. The property next to it, BT 209, closed at $2,320,000. Units above closed at $3,000,000. Now $1,799,900. Additional incentives include a furniture package, 1 year AOAO credit and a 2nd parking stall. Incentives valued at $86,130.
Tax a) Resort Zoned - $12.40/$1,000 of the assessed value, allows for weekly rentals for current income (1.24%)
b) Residential Zoned –Primary and/or second home $3.42/$1,000 of the assessed value, need to apply to
City & County of Honolulu to declare residential use (.342%)
Monthly Home Owners Association Estimates:
Approximately $1.00 per square foot/month, based on interior square footage
Two bedroom villas approx $1,200/mo, Three bedroom villas approx $1,500/mo