Kailua Town area has a group of condo's and townhomes that is centrally located to shopping, restaurants and Kailua Beach. A great convenient way to live. No upkeep of the yard and you can come and go as you please. The variety of condos and townhomes in this area vary in amenities and price ranges.
The particular condo that I am speaking of today is one of the most affordable complexes in the area. It is called Koolau Vista and it is listed by Coldwell Banker Pacific Properties. There is a playground for the children, but minimal amenities which translates into minimal HOA fees.
Lately properties have been moving pretty rapidly. To give you an idea, there are 17 active condo/townhome listings in this area, 13 are in escrow and 40 have sold within the past six months for an average of $416k. However Koolau Vista's average sales price has trended in the area of $261k.
This property below is listed for $223,775 LH/FA. It is a leasehold property which I have an article link on my website, www.KailuaRealEstateOahu.com. Look up: "Leasehold vs Fee Simple" that further explains what leasehold means. The Fee is available also for $75,225. Essentially this property is for sale for $299,000 total.
It is a 2 bedroom 1 1.5 bath with an interior of 783 square feet. It is ideal for first time home buyers because of the affordability factor. A great way to own in Kailua with no strings attached and you are blocks away from the most gorgeous beach in the world!!!
Check out these pictures of Kailua's Affordable Koolau Visa Condominium!!! Please contact me for more great opportunities to purchase in paradise!!! Aloha Lila