Kapalua, Maui: Honolua Ridge Market Update
There is no other resort area in Hawaii like Kapalua. Offering everything from oceanfront to mountainside living, the resort spans approximately 23,000 acres. Designed with maximizing the natural beauty of the surrounding acreage, approximately 10% or 2300 acres is slated for development in this master planned community.
Honolua Ridge, which has been annexed in to Kapalua's famed Plantation Estates, is the newest agricultural community within the resort. Initially sold in two phases of 50 lots each, the first phase of Honolua Ridge sold in 2004. The second phase was released in 2005. All but one developer lot has been sold (Home site #24 is still available as of this posting--nearly 25 acres). Home sites range from approximately 3 to 30 acres, and are the largest individual homesites offered since the resort's inception, with the exception of the 75 acre parcel that is privately owned in Plantation Estates phase II.
Active lot listings in MLS currently range from $1,480,000 to $3,900,000, home listings from $4,998,000 to $12,995,000. There has been a notice of foreclosure published that 122 Keoawa, Honolua Ridge Phase I parcel 18, is scheduled for auction on October 26, 2009.
Please don't hesitate to contact me for more information on the Kapalua Resort or visit www.LuxuryRealEstateMaui.com
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