beach villa resort: Final Sales Event Postponed - Centex, Beach Villas at Ko Olina, Oahu, Hawaii Condo
- 05/26/09 08:51 PM
Just received word that the June 6th & 7th sales event has been postponed until July 25th. Updated: now postponed until September, 2009. I don't have any additional information at this time as to the why's or what for's. Stay Tuned... Thought I would let everyone know in case you had already booked your plane tickets and hotel reservations as the date is fast approaching. We are currently at the property and I will be here for the next three weeks if anyone has any questions and/or would like to get together. We spent Memorial Day BBQing out by the Beach … (2 comments)
beach villa resort: Pulte Homes agrees to buy Centex in $1.3B deal
- 04/08/09 05:17 AM
Pulte Homes agrees to buy Centex in $1.3B deal. Just announced this morning. I received a heads up from a fellow Beach Villa's homeowner who reads my blog. Thanks! The deal is supposed to close in the third quarter of 2009. Interesting, as the big sales event to sell the rest of the Beach Villas at Ko Olina happens on June 6th & 7th, right on the cusp between second and third quarters. It will be interesting to see how this play's out for current and future homeowners. As you may or may not know, as homeowners all we own is … (7 comments)
beach villa resort: Centex Destination Properties Hawaii, Read the fine print in the Press Release
- 03/01/09 12:30 PM
Centex sent out a press release on Feb 26th, 2009 announcing their final sales event at the Beach Villa's at Ko Olina to the general public. Note the fine print: Editor's notes: Please note that Centex reserves the right to (i) cancel, modify or postpone the Sales Event, (ii) continue to sell villas prior to the Sales Event, (iii) adjust the villa inventory and prices available at the Sales Event, and (iv) to provide priority reservations for current villa owners, Centex employees and others. This does not constitute an offer in any state where prior registration is required. Project Broker- Centex … (0 comments)
beach villa resort: Baby Boomers and Mexico: Ah, It's good to be in Paradise Hawaii USA
- 03/01/09 09:56 AM
Today's Dallas Morning News was touting Mexico as being a great place for baby boomer migration. Before I purchased at the Beach Villas, we also looked long and hard at Mexico as one of our options. So what made us choose Hawaii? 1 - It is the United States of America. 2 - No other place in the world is like Hawaii, not just the physical part like the beaches but the people and the "Aloha" spirit that is shared with visitors and residents alike. 3 - The ongoing drug violence in Mexico – more than 6,200 people killed last … (2 comments)
beach villa resort: Why is Centex Holding a "Fire Sale" on the Remaining Villas at the Beach Villas at Ko Olina, Oahu, Hawaii?
- 02/19/09 01:56 AM
Well the obvious answer is that the economy is down, no one is spending money and that unfortunately for Centex their build/sell cycle was about one - two years too late. A fellow homeowner friend who works in the financial markets came up with a techincal answer which was really interesting so I thought I would share: 24 jan: Centex 3rd quarter orders down 80%. Probably caused a breach of their covenant on their credit facility stipulating a minimum tangible net worth. Net worth fell to 2,037m down from 4,259.87 a year earlier. 29th Jan: reduces credit facility from $1.35b to … (1 comments)
beach villa resort: Are the Homeowners Association Dues (HOA) at the Beach Villas at Ko Olina high?
- 02/18/09 05:44 AM
At first glance, the answer would be yes. To me, the HOA dues are high, I have a hard time accepting them, (this is my first time of purchasing at a resort). So I decided to do a little research: Believe it or not, compared to other places, they're not so bad. The HOA fees at Wailea Beach Villa's are around $3,500.00 per month, more than double the fees here. (Their villas are larger). Look at the Ritz Carlton Kapalua, ---------------------------------------------- Ritz Carlton Kapalua * 1 Bd-Average cost/yr (COA, taxes, insurance, FF&E=$4,119/mo): $49,428 * 2 Bd-Average cost/yr (COA, taxes, insurance, … (1 comments)
beach villa resort: How many Villas at the Beach Villas at Ko Olina are available for rent?
- 02/17/09 12:55 PM
With my very informal analysis (feel free to correct me if you know the actual #) I believe that there are around 40 villas for rent out of the 125 or so that have already been purchased. Talking with homeowners, I think this number is going to increase as people who previously would not have worried about their monthly expenses are now considering rentals to offset their expenses. Think people in the financial sector for example.(Of course the down side to renting out your place is that you are going to have wear and tear. We repaint and patch up the … (0 comments)
beach villa resort: Beach Villas at Ko Olina, Final Sales Event
- 02/09/09 04:52 PM
News Flash - February 1st, 2009 The property developer of the Beach Villas at Ko Olina has announced that they will liquidate, sell at deep discount, clearance out, fire sale, what ever you wish to call it, all remaining villas at the Ko Olina Beach Resort at a final sales event on June 6th & 7th. Rather than sell a few units each month, Centex Corporate has decided that their Centex Destination Properties division is to sell off all remaining units at low enough prices to move 100% of their remaining villas. The discounts will be significant, the minimum original … (0 comments)
Just received word that the June 6th & 7th sales event has been postponed until July 25th. Updated: now postponed until September, 2009. I don't have any additional information at this time as to the why's or what for's. Stay Tuned...
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