As predicted in my January post, the REO (foreclosure) at the Wai'ula'ula condos at the Mauna Kea Resort went quickly into escrow...and the other unit I mentioned as the top pick, A202, is also under contract. New to the market since then is N201, tied for the lowest priced Wai'ula'ula villa currently for sale at $999,000...and a genuine "best buy".
The best buy at Wai'ula'ula is currently N201 (MLS 241685) priced at only $999,000 fully furnished.
The N building is situated at the highest point of The Ridge (as the upper portion of Wai'ula'ula near the Clubhouse with all the condo buildings is called). And within the building, this unit is upstairs on the side nearest the water feature on the golf course, with lovely ocean views over the buildings below.
The sellers purchased at the developer close out in 2009 for $950,000, furnished it nicely, and have a killer book of vacation rental reservations. They are only selling because they love the Uplands at Mauna Kea so much they just purchased a single family home and have no use for the condo (which is plenty big enough for most of us as a second or vacation home with 2111 sq ft, 3 beds/3 baths and a huge lanai!
An easy walk from this unit to the amenity area, and a quick drive to use the facilities at the Mauna Kea or Hapuna Prince hotels. There are three levels of membership in the Mauna Kea Resort program for owners of real estate within the resort. I'd be happy to send details to prospective buyers!
A bit lower within Wai'ula'ula, another one of the paired homes is now for sale at $1,649,000 asking price (the villas sold for $2.4 million when purchased). I prefer these floorplans to the freestanding homes, truth be told, and for buyers at this price point the two available are worth a look.
A hui hou
Beth
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