kolea short sale: New Kolea REO (Foreclosure) Released Today
- 01/13/12 11:48 AM
One of the only two remaining foreclosures in the pipeline at the luxury Kolea condos at Waikoloa Beach Resort came on market a few moments ago. The 2 bedroom groundfloor condo Kolea 15G is priced at $429,900 (MLS 251456).
Even a foreclosure at Kolea still has the pocket doors and summer kitchen on the lanai. I don't think it is accidental that the listing agents for REO properties (bank-owned after foreclosure) release their hot listings on Friday afternoon. If history repeats itself, the lucky new owner will be either a cash buyer or one with the foresight to have a … (1 comments)
kolea short sale: The last of the Kolea short sales?
- 12/21/11 06:40 AM
In 2010, there were 12 condos sold at beachfront Kolea at Waikoloa Beach Resort--seven of them distressed properties (bank-owned REOs or short sales). As of this morning, 13 Kolea villas have closed in 2011--nine of them distressed. There are also two short sales still in escrow, and two non-short sales in escrow, one of which will close before year end. That is an incredibly consistent level of demand for the past two years. The question is whether it can be sustained in 2012, given that as of today we have only one distressed listing at Kolea and there is a significant … (0 comments)
kolea short sale: New Kolea Short Sale Condo Listing
- 05/20/11 01:52 PM
Another luxury Kolea condo for sale has taken a price reduction to short sale territory. Today's price reduction on Kolea 3E from $1,395,000 to $1,250,00 comes iwth the caveat that this is now a short sale subject to bank approval...and a bargain for some lucky and patient buyer!
Pocket doors open to view from Kolea 3E (MLS 239266), now a short sale priced at $1,250,000 This is the largest of the Kolea condo villa flooplans, at 2,174 sq ft of interior space, 3 bedrooms/e.5 baths. Kolea 3E is a second floor unit that current overlooks one of the 17 lots … (1 comments)
kolea short sale: Kolea Condo Auction and Foreclosure Market Update
- 03/22/11 05:39 AM
It was like "old home week" at the Kolea Waikoloa Beach Resort property auctions yesterday. Surprisingly, rather than generate a lot of interest from Concierge Auctions huge database, it seemed that most of the bidders on both the home and condo for sale were people already "sold" on the Kolea lifestyle, including several current owners and a former salesperson for the developer! I can't reveal what the final selling prices were until the sales close escrow. For the condo, that will be on or before April 21st according to the contract. However, the fine print in the oceanfront Kolea home … (2 comments)
kolea short sale: Best Buy: Kolea Penthouse Foreclosure (REO) For Sale
- 03/15/11 06:37 AM
March 15, 2011 I am putting the date at the top of this post, because a Kolea penthouse showing up as an REO (bank-owned property for sale after foreclosure) for only $1,390,000 is the kind of blog post that will attract continued attention!
This is the view from Kolea 10F of the beach at Waikoloa Beach Resort (MLS 243619) I am putting the date at the top of this post, because a Kolea penthouse showing up as an REO (bank-owned property for sale after foreclosure) for only $1,390,000 is the kind of blog post that will attract continued attention! History … (0 comments)
kolea short sale: Are prices headed up at beachfront Kolea (Waikoloa Beach Resort)?
- 02/24/11 07:52 AM
This week (February 22, 2011) a buyer client who first called me after reading my blog posts closed on one of the last remaining short sale deals at beachfront Kolea on the Kohala Coast. The smaller 2bedroom condos in the 12-plex buildings originally (and in early resales) sold for over $1 million, so my new owners feel there is plenty of upside to the $421,000 they paid for theirs. But with no 2-bedroom short sales or foreclosures on the market, and only one I am aware of in the pipeline, the least expensive of this floorplan is 3rd floor Kolea … (3 comments)
kolea short sale: Where is the next best buy at beachfront Kolea on the Kohala Coast?
- 07/28/10 05:26 AM
When prospective Kohala Coast real estate buyers ask me whether I think prices have hit bottom, I answer that it depends on where they are looking. Some communities--Mauna Lani Point and Mauna Lani Terrace come to mind--have barely edged down off peak prices and are unlikely to given the composition of the seller pool and the high demand for those locations. Others--beachfront Kolea being an example--have become a split market, with distress sales (those somewhere in the foreclosure pipeline, whether short sale or REO) at 50% or less than the peak, and non-distress sales of desirable units at a rather large … (3 comments)
kolea short sale: Two New Distressed (short sale, reo) Opportunities at Kolea
- 04/23/10 11:44 AM
After a few sales of Kolea condominiums (that fabulous beachfront Kohala Coast property) where prices ticked up after previous distress sale levels, we suddenly find ourselves today with a new short sale and a new REO (bank-owned foreclosure). Starting with the top, Kolea 10F is a penthouse unit in a front-row position facing the Beach Club pool and walking path to the white sands of Anaehoomalu Bay. It offers three beds, three and a half baths, pocket doors opening onto the huge ocean view lanai, a full 2147 sq ft of luxury. Priced at $1,650,000, buyer should also expect to pay … (2 comments)
kolea short sale: Kolea Beachfront Community - Foreclosure Update #2
- 09/05/09 11:50 AM
I first posted in June on foreclosures at Kolea at the Waikoloa Beach Resort on the Kohala Coast. At that point there were three bank-owned properties on the market. If you are counting the months, you will realize that the condo I mentioned in that post, Kolea 16G, is about to hit 90 days on market. That is a critical number, and here's why.
When the first foreclosures appeared at Kolea, the selling banks did not know how to price them. Just before the Hawaii resort real estate market collapsed in August 2008, a similar 2-bedroom at Kolea sold for … (2 comments)
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Beth Thoma Robinson
R(B) SFR - Hawaii Island Luxury Resort Real Estate
Why Hawaii? Why the Big Island? Why turn left from the Kona airport and head north to Kohala? And which community fits your lifestyle or investment strategy? Luxury residence, retirement home, resort second home, oceanview building site or agricultural property, we've got them all! Hawi Realtor Beth Thoma Robinson blogs to help you sort through your choices.
One of the only two remaining foreclosures in the pipeline at the luxury Kolea condos at Waikoloa Beach Resort came on market a few moments ago. The 2 bedroom groundfloor condo Kolea 15G is priced at $429,900 (MLS 251456).
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