Mihaela's Blog

REALTORS in the media

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sat, 14 Nov 2009 19:51:57 -0600

Is it just me who noticed that some of this season's new shows feature REALTORS?

The main character is ABC's show called Cougar Town is a REALTOR and even if there is not enough time for the show to present details on her work, she was still portrayed as follows:

1) she is showing a house and falls asleep on the couch, because she partied too much the night before;

2) her assistant ordered her new open house signs with a very revealing picture. As a result, teenagers in town are now steeling her signs....

The other show, "Modern Family", also features a REALTOR. He somehow notices that his son may help him make the sale and bring the son along...it all goes south, but again, we are all portrayed as not doing much to earn our money.

I wonder if that show on BRAVO with the three 20 year old guys selling $5mil+ properties in Hollywood is still on. That was another "amazing" portrayal of our profession and I wonder why it is not every teenager's dream to become a realtor...

There is only one positive spin that I can put to all this. When I was taking classes in publishing, the teacher said that a title like: "Man Was Bit by Dog" would attract zero interest compared to a title like " Dog Was Bit by a Man". Thus, only uncommon issues make the news and I conclude that hard working realtors do not make the headlines nor will they ever be featured in (reality) shows.

Enjoy your (working) weekend!

The number of escrows opened on Maui is going UP!!!

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sat, 10 Oct 2009 15:14:52 -0500

Although inventory is at a all time high, the number of escrows currently opened on Maui is slowly but surely going up. There are 406 escrows opened as of today, Sat 10/10/09. Given the fact that 16 sales took place in the past few days, it means that 21 escrows alone were opened in the last two days! Just for reference, July to December 2008, on average only two escrows were opened daily, while the total number of escrows opened at all times ranged in the mid 200's. A lot of those escrows were actually developer units that were still under construction, like Honua Kai, Opukea or West Maui Brakers.

86 escrows , that is 21.1% of the total number of escrows currently opened are short sales. 59 escrows (14.1%) are bank owned properties. This means that the remaing 64.8% of escrows are very motivated sellers, that recognized the new market conditions.

Almost half of the number of escrows are RESIDENTIAL, while 37% are condos. Less than 10% of the current escrows are for LAND and a lot of them are parcels that await final subdivision approval.

Only a handful of people seem to be buying timeshares. They are all resales, since the developer timeshares are not included in the Multiple Listing Services.

We surely hope this trend continues and that the short sale and foreclosures share of the market stays low!

Disclaimer:All raw data was obtained from Maui Multiple Listing Service.

New Appraisal Rules that may affect your current transaction

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Tue, 12 May 2009 09:20:02 -0500

On May 1st 2009, the new Home Valuation Code of Conduct came into force, with major consequences on your real estate transaction.

Here are the main issues:

- appraisals are not ordered directly by the bank or the realtor, but rather through a "clearing house" that uses a roster and a rotation system to decide which appraiser will be completing the appraisal. Even if appraisers have their area of expertise, that expertise wont come into play.

- realtors can not communicate with the appraisers. Realtors can not offer information about the property,suggest comparable properties or dispute/question the result of the appraisal. Since sometimes it is hard to find recent sales in a neighborhood, realtors could help by suggesting comps in areas that may be overlooked otherwise. In the past three months, I have received many calls from appraisers that simply needed to " pick on my brain" in an effort to find comps for a subject property or to learn why a certain unit in the complex would be worth $50,000 more than another one with the same square footage, for instance. Or whether a credit was given to the buyer at the time of purchase and the information is not public.

In a nutshell, if you are a buyer or a seller, here is what you can expect, as a result of the implementation of this new code:

- longer turn around time for appraisals. Estimated time now is 2-3 weeks, compared to 2 to 3 days, previously;

- longer time for a loan to be put together. Typical financing process will require 45 to 60 days;

- longer escrow times, that is 45 to 60 days;

- direct communication with the appraiser, in an effort to make sure that the property is appraised justly. This may be challenging when you are an out of state owner and you may need to do your own research in regards to market values.

- higher appraisal fees, since someone will have to be paid to do the job of maintaing the list of appraisers and ordering the appraisals according to the rotation system.

While I see the need to prevent further abuse and misuse of appraisals in the real estate business, I also think that the code is an exaggerated reaction to what happened in the past. I surely hope that a balance between preventing fraud on one hand and doing business in an efficient way on the othe hand, can be attained.

To see all Maui listings, please check www.westmauihome.com

Buy one ocean view lot, get the second one half off!

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Fri, 08 May 2009 14:41:03 -0500

Who would have though that Safeway approach to sell will apply to real estate as well?

The developer for a new subdivision in Kihei, called Kilohana Waena, is offering 50% discount on the list price of one garden view lot, with the simultaneuos purchase of one ocean view lot, at the listed price. Different buyers can coordinate to get the discounted lot, also. The deadline to take advantage of this offer is May 12th 2009.

There are currently 17 lots for sale, out of which 8 of them have ocean views. Lots very in size between 7,511 sf to 11,698 sf and they vary in price between $499,900 to $729,900.

For more information on some of these lots, please click here.

Given the new guidelines for appraisals, as of May 1st 2009 , I can not stop thinking that there may be some appraisal issues for these lots, down the line, if a garden view lot sells for half the price. After all, the difference in full listing prices between an ocean view lot and and a garden view lot varies between $70,000 to $100,000, depending on the size of the lot, while the " discount " offered would be in the neighborhood of $250,000.

To search for all land listings on Maui, please check www.westmauihome.com

Another property flip, this time in Kapalua

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sun, 03 May 2009 13:15:32 -0500

Pineapple Hill is one of the high end subdivisions in Kapalua, where homes have consistently sold for somewhere around $1,000/sf.

406 Monarch Pl was foreclosed on and listed by the bank at $1,700,000. And of course, it sold right away, since the actual market value is somewhere around $2.3mil.

Please click here to see all details on this beautiful home.

Well, sure enough the new owner turned around and relisted the property for sale, for $2.3mil the day after closing. Who would have thought that flipping properties is still possible. of course, we will wait and see what this home will sell for first.

The good news is that investors and specualtors are back in the market. They see the opportunities and they dont miss them. After all, nobody will appear on the evening news to say: buy now, this is the bottom, tomorrow prices will be higher. The news about hitting the bottom will always be in hindsight:-)))

To see other beautiful homes on Maui, please visit www.westmauihome.com

www.57hulumanu.com

www.seahorseranchmaui.com

USA YesterDAY article on Maui Real Estate

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Thu, 30 Apr 2009 00:41:40 -0500

One of my fellow colleagues pointed out the following article that appeared in US Today, on Monday, April 27th, entitled "Maui, Hawaii, home prices still high but falling". Please read the whole article here.

Two different experts are quoted in the article, Terry Tolman, the REALTORS Association of Maui chief executive and Byron Gangnes, University of Hawaii economist. While using different words, they both seem to agree that real estate prices are falling. Which means that prices are going down this very second.

During a private coversation with Terry Tolman, he actually said that the article does not reveal the whole story. It makes a headline saying that prices are going down, but failed to also express his opinion that this is a perfect time to buy. Large inventory, sellers with various motivations that are aware of market conditions, low interest rates: all these factors may not flash a red big light saying: THIS IS THE BOTTOM, JUMP ON THE BAND WAGON! But they are pointing to you that this is the perfect time to negotiate. We only see the bottom of the market in hindsight, there will be no news on it, that is for sure!

And while I dont claim to be a clairvoyant or have the ability to say where is this market going, I do know that the number of opened escrow are on the rise, even with all the challenges on the mortgage market. The number of pending contracts on Maui increased 25%, compared to the end of last year. I also notice a significant increase in the number of showings and inquiries that I get for my listings.

There are many opportunities out there, which inspired me to start a new series of blogs, called "What I Would Buy Today". So watch for those posts :-)))

Aloha from beautiful Maui,

Mihaela Stoops

www.westmauihome.com

The Latest from Save Honolua Coalition

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Fri, 20 Mar 2009 21:37:05 -0500

"Save Honolua Coalition" was created by members of the community in an effort to preserve Honolua and put an end to future development in the area.

To read the latest update about the works of this non profit organization, please click on the link below:

http://campaign.constantcontact.com/render?v=001Fv9UhUgBhQEgOeTM4xMqWWUns2livs4zvPhNLcg6WPIAA2X-FvKlHXlsp0NXkRgC4ResJZyezIVAQwyk8YOwmwHFTGwLPA8a7oP5nP6uXNGYf1pRxOp36Q%3D%3D

To learn more about Maui real estate, including Honolua area, please check www.westmauihome.com

No more superferry. For now, at least.

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Fri, 20 Mar 2009 21:08:24 -0500

As of yesterday, Thursday, there is no more Superferry to connect the islands of Oahu, Maui and Kauai. This is not about the economy or the cost of gas, but rather a legal issue. Apparently, the Environmental Impact Studies that need to be done for any similar project, were not completed for the Superferry.

There have been avid supporters of the Superferry, as there have been avid fighters against the Superferry.

On the "pro" side, the arguments were:

- more options for traveling between islands, for individuals;

- lower costs for traveling between islands, especially for families;

- additional business oportunities for companies based in Hawaii, wanting to expend on other islands.

- a more fun way to travel between islands.

On the "con" side, the arguments were:

- significant environmental impact. There were concerns about protecting marine life but also the possibility of spreading invasive species from one island to another.

- "crime contamination". Crime would travel easier between islands.

- bringing one's own car on the ferry would add to a certain's island polution.

This project was financed by the government and "pushed" by the government. 240 people are unemployed as of yesterday.

For more information on this issue, please check www.mauinews.com

For info on Maui real estate, please check www.westmauihome.com

Major progress made in regards to building a hospital on West Maui

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Thu, 05 Mar 2009 16:37:51 -0600

Major progress was made in regards to building a hospital on West Maui, after more than decades of efforts and lobbying by the local community. Joe Pluta with West Maui Taxpayers Association and Brian Hoyle with Newport Hospital Corporation are the be thanked for their hard work and commitment to this project.

And now the project has received its third and final recommendation for approval and is moving forward!

Given the fact that there is only one two lane road connecting West Maui to the hospital in Kahului and that this road can often have traffic jams or simply be closed, a lot of residents are starting to feel relief in regards to managing their healthcare.

Please read the entire Maui News article at http://www.mauinews.com/page/content.detail/id/515675.html?nav=10

For info on Maui real estate, please visit www.westmauihome.com

Kaanapali Shores- fantastic opportunity to invest in a resort condo

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Wed, 04 Mar 2009 16:04:13 -0600

Kaanapali Shores is a direct oceanfront resort on prestigious N Kaanapali Beach, with two pools and jacuzzis, shops, restaurant, 24 h front desk, concierge and valet parking. A true Hawaiian resort with everything you need for the best vacation, right at your finger tips! Located on the eighth floor, this unit is the perfect spot for watching whales and enjoying stunning views of the Pacific Ocean. Property is managed by Resortquest, who has a proven record of efficient management, that translates in high occupancy rates. Maintenance fees cover all utilities ( including electricity and central air), insurance, lanscaping and maintenance of the pool.

The rental program at Kaanapali Shores is actually a rental pool. This means that all income for similar units go into a pool and gets redistributed based on a certain algorythm, previously determind by the developer. Thus, rented or not, your unit may still bring you monthly income!

One definitely needs to consider investing at Kaanapali Shores. Traditionally, 1bd units are the ones that can ensure the highest occupancy rates and thus a higher income. Please contact me directly for exact rental income numbers for unit 820.

FEATURES for unit 820:

1 bedroom, 1 bath

Fee Simple

806 sf living area

Living room, kitchen and masterbedroom have fantastic ocean views

Great spot for whale watching

Direct oceanfront resort on prestigious Kaanapali Beach

2 pools and jacuzzis

Restaurant and shops on the premises

MLS# 335626

virtual tour at www.kshores820.com

PRICED at $680,000.

For other listings on Maui, please check www.westmauihome.com or call Mihaela at 808-357-4000.

2009 is the bottom, in 2010 we will be on the upside!

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Thu, 19 Feb 2009 05:28:59 -0600

Paul Brewbaker, the chief economist of Bank of Hawaii, aka the guru of economic trends for Hawaii, has recently stated that he believes in a very strong recovery for the real estate market in 2010. Ten more months to go :-)))

To read the whole article, please check http://www.lahainanews.com/story.aspx?id=9980

To learn more about Maui real estate, please check www.westmauihome.com

Maui Kai Condo on Kaanapali Beach

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Fri, 12 Dec 2008 20:31:29 -0600

Want to own a condo only 5o feet from the ocean,on one of most famous beaches in the WORLD? This Ka'anapli Beach!

Maui Kai is one of the very few condominium buildings located right on Ka'anapali Beach. Perfect spot to watch whales, watch sunsets as well as the islands of Lanai and Molokai!

Unit 303 (www.mauikai303.com) is listed at $449,000 and it is part of the onsite rental management program. Unlike other programs, once all expenses are paid, the difference or " the profit" is redistributed to the owners.

This unit rents for $170.00 to $190.00/night, depending on the season.

For more Maui properties, please check www.westmauihome.com

Living next door to a three times Grammy Award winner

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Fri, 12 Dec 2008 19:38:53 -0600

How often are you given this opportunity? Not that often, I bet.

Well, if you are thinking about building a dream home on Maui, this 4.07 acre lot at the Cliffs at Kahakuloa is located next door George Kahumoku Jr' house. George is one of the most the famous Hawaiian music player and composer.

Fantastic ocean , mountain and waterfall views! This lot is part of a small subdivision called the Cliffs at Kahakuloa ( only 19 owners) that has a private water source. There is already a water meter on property and all other utilities are availabel as well. The lot is listed at $495,000, which brings it to less that $100,000/acre.

Homes in this neighborhood vary in price between $990,000 and $8,9 mil! But livinng next door to George is absolutely priceless! If you have not heard his music yet, you need to try this! Best slack key guitar ever!

For other homes in the area, check www.westmauihome.com

Luxury home for sale in Romania

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Tue, 02 Dec 2008 16:18:49 -0600

This house is located in Sinaia, which the most famous sky resort in Romania and also a cultural and historical site.

The house has three different apartments/condos:

- 1bd/1ba, aprox 600 sf

-2bd/2ba, aprox 1000 sf

- two level condo with an attic, aprox 2800 sf.

Special features:

- Awesome, unobstructable mountain views;

- amazing location, about 2 miles from Peles Castle

- built in 2006-2007;

- high end finishings: Spanish tile, granite countertops, hardwood floors.

Priced at E 780,000, that is aprox $950,000. Furniture, pool table and all appliances are included.

Please email at mihaela_stoops@hotmail.com if you know somebody that may be interested in this gorgeous house.

51 acres of land on Maui

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Tue, 02 Dec 2008 15:56:39 -0600

This is a very unique offering of land on Maui, given the size of the parcel and its features. This is all usable, pasture landm ready to farm or to have a ranch.

THE SEAHORSE RANCH

You have arrived on Maui! Come home to breathtaking panoramic views of the Pacific Ocean, Haleakala and the West Maui mountains. Tranquility and privacy is minutes from Wailuku, Where your luxury estate retreat features 51 Agriculture zoned acres with level pasture and sunshine! Pick your crop or livestock, the choices are plenty. A large split level floor plan with beautiful Brazilian Cherry hardwood floors, high ceilings and views from every room. A large kitchen with two refrigerators & two dishwashers allow you to entertain indoors or out easily with 2700 sq ft of deck and gorgeous custom pool, complete poolhouse with bedroom, bath and open air kitchen/dining area.

Luxury 5059 sq. ft. Estate Home

51 acres of fenced pasture

400 + sq. ft. Gourmet Kitchen w/ eat in nook

4 stall horse stable w/ large arena

Large Custom in ground Pool

MLS# 331567

www.seahorseranchmaui.com

See all details at www.seahorseranchmaui.com or www.westmauihome.com

The best views on Maui

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Tue, 02 Dec 2008 15:46:00 -0600

yes, I know we are spoiled here, with our ocean and mountain views and we can be very picky about those too!

I would like to officially start a contest for the BEST MAUI VIEWS. Please feel free to nominate any property or area.

I would like to nominate Maluhia Country Ranches .

And since pictures are woth a million words, I will let you judge for yourself.

These pictures are taken from my listing at 57 Hulumanu Pl., Wailuku. To find out how much these views cost please check www.57hulumanu.com or www.westmauihome.com.

Maui property tax

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Mon, 01 Dec 2008 23:21:11 -0600

How much is property tax on Maui? This is the most common question that I receive from the people that are interested in investing on Maui.

Unlike other states, the value of a property is assessed by Maui County appraisers every year, based on a sophisticated formula that takes into consideration the sales in the area during that period of time.

Once the value is determined, a taxpayer is taxed a certain number of dollars for every thousand dollars of the assessed value, for that type of property.

For instance, if you own a resort condo, you will be taxed $8.20 for every thousand dollars of the assessed value. I.e. for a condo that is worth $1,000,000, property tax will be $8200/year.

If you own a second home, you are taxed $4.85 per $1,000 of the assessed value.

If you reside on Maui, you benefit of a $300,000 exemption/deduction from your taxable value. On top of this, if you reside in a house, you will be applied a $2.00 rate, versus $4.85 rate applied to second homes.

To make it easy, if you own a $1 mil home on Maui:

- as a second home, you pay $4,850/year;

- as a resident, you pay $1,400/year.

What a better incentive to move to Maui?

To get more information, please visit www.mauipropertytax.com.

To see all homes listed on Maui, visit www.westmauihome.com

Aloha!

Lahaina Residential Condos- Napili Villas

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sat, 29 Nov 2008 19:03:37 -0600

Once you decide to move to West Maui and you are looking for an affordable condo that has at least 2bd, with low maintenance fees, your options are pretty much limited to Napilihau Villages, Napili Villas, the Villas at Kahana Ridge and Opukea, the newest development in Lahaina.

Napili Villas was built in 2001 and it differentiates from the other offerings by location, between the highway and the Lower Road, close to Napili Market and only a stroll away on the water. All the buildings are two story high and they have stucco exterior. Some of the downstairs units also feature a small private yard.

The 2bd units vary in size between 823 sf and 894 sf, while 3bd units vary in size between 1100sf and 1400sf.

Unit 3 in building 4 has the advantage of being located downstairs, " on the front row", facing the park and the ocean. Beautiful sunsets and also a peak at the ocean are available from the generously sized private yard.

This unit is currently listed at $499,000 and it is a STEAL!

To see a virtual tour, please check www.mauizoom.com/bestnapilivillas

Please call me with any questions about this unit, you can reach me at 808-357-4000.

Condo Maintenance Fees

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Wed, 26 Nov 2008 11:26:10 -0600

We have seen some HUGE price reductions for condos on Maui in the past few months, while maintenance fees went up significantly!

To give you an overview, there are a few variables that determine the amount of the monthly maintenance fees:

- electricity

Some properties, like Mahana, Maui Kai, Kaanapali Shores have central air and thus electricty is included in the maintenance fee. As a result, maintenance fee for a condo at Maui Kai is $735/month and the maintenance fee for a 2bd unit at Kaanapali Shores is $1,242/ month. There are some very good deals on the properties, currently, while a buyer needs to make sure that he/she is able to cover the costs of maintenance fees, every month, no matter what.

If electricity is not included in the maintenance fee, for an oceanfront 1bd condo, with a pool, you can expect a maintenance fee around $600/month.

- swimming pools

Properties that have swimming pools typically have higher maintenance fees than the ones that dont. For instance, maintenance fee at Napili Villas, maintenance fee for a 2bd/2ba unit, with no swimming pool on the property, is $380/month. A similar size unit on a property that features a swimming pool would be around $700/month (electricity would not be included)

- land and landscaping

The more land, the more landscaping one needs and thus higher maintenance fees. Particularly in Hawaii, where everything grows faster:-))

- number of units in the complex

It is fairly obvious that high density condos typically have lower maintenance fees.

Maintenance fees typically also cover costs with water, trash, maintenance of the common areas and insurance.

Check all Maui condos for sale at www.westmauihome.com

$4.99 for a Thanksgiving turkey in Lahaina

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sun, 23 Nov 2008 19:26:57 -0600

This is not a joke, this is what most groceries on Maui sell turkeys for nowadays. Yes, it is cheaper to buy a whole turkey than a hamburger.

If turkeys cost more in your area, all you got to do is fly to Maui:-) They say that airplane tickets between West Coast and Maui are currently around $400/person/roundtrip.

And if you want to buy a house, once you are here, give me a call!

To see all Maui listings, daily updated, check www.westmauihome.com

Lanikeha Club House to open soon

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sun, 23 Nov 2008 19:19:28 -0600

According to representatives of the developer the Club House will open right after Thanksgiving! A most expected event.

If you own in this subdivision and you want to learn about forthcoming changes related to the homeowners' dues, please give me a call at 808-357-4000 or email me at mihaela_stoops@hotmail.com. Or send an inquiry through my website, at www.westmauihome.com

Lot 29 at Lanikeha, Phase I is listed for $600,000. Our clients bought this 20,210 sf lot in 2005, for $650,000 and they need to close escrow before the end of the year!

Thus, price was reduced to $600,000. Initial listing price was $775,000!

Currently, This listing price is $75,000 to $330,000 less than the last comps for similar size lots in the subdivision.

This is a GREAT DEAL!

Thus, please let your clients know about this opportunity.

FIRE SALE in Ka'anapali

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sun, 23 Nov 2008 19:10:20 -0600

Lanikeha is the newest and the most luxurious subdivision in Ka'anapali, as part of Ka'anapali Golf Estates, featuring a club house (picture included below) with inifinity edge pool, jacuzzi, gym, barbecue area.

Our clients bought this 20,210 sf lot in 2005, for $650,000 and they need to close escrow before the end of the year!

Thus, price was reduced to $600,000.

This listing price is $75,000 to $330,000 less than the last comps for similar size lots in the subdivision.

THIS IS A FANTASTIC DEAL!

FIRE SALE in Ka'anapali

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Sun, 23 Nov 2008 19:06:32 -0600

Lanikeha is the newest and the most luxurious subdivision in Ka'anapali, as part of Ka'anapali Golf Estates, featuring a club house (picture included below) with inifinity edge pool, jacuzzi, gym, barbecue area.

My clients bought this 20,210 sf lot in 2005, for $650,000 and they need to close escrow before the end of the year!

Thus, price was reduced to $600,000.

This listing price is $75,000 to $330,000 less than the last comps for similar size lots in the subdivision.

This is a GREAT DEAL!

Fish and Poi Restaurant/Napili Tavern closed

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Thu, 20 Nov 2008 16:13:07 -0600

We were very sorry to hear that Napili Tavern, formerly known as Fish and Poi just closed their doors. This restaurant has been opened for many years, on the premises of Napili Shores.

All I can say is thank you for treating me, my family and my friends with such an amazing food, pleasant atmosphere and great views, for the past few years.

I loved your Blackened Mahimahi with papaya salsa, the spicy chicken rolls and the HAMBURGERS!

This was world class dining at very affordable prices. Appetizers were under $8, while entrees were priced between $14-$20.

I hope you will be back one day!

The Cliffs at Kahakuloa

Mihaela Stoops (Century21 All Islands, www.westmauihome.com) — Thu, 20 Nov 2008 15:41:49 -0600

The Cliffs at Kahakuloa is a small subdivision located about 25 minutes from Wailuku town. Very serene, tranquil setting with fantastic 180 degrees oceanviews.

This 4.07 acre lot is located close to the end of a cul de sac and also has a generous street frontage. Feel inspired to build a dream home, a cottage for your guests or family and a barn for your farming activities. Given the weather conditions and the soil in this area, it should be easy to prove you're a green thumb.

Very well priced, below similar or smaller size lots in the area, so make your offer today!