The last 30 days for Beach Villas at Ko Olina sale event

 For those of you paying attention to the calendar, what seemed liked the distant future in January is quickly coming. The best guess is that there are currently 130 +/- reservations in place for the remaining 120 units. Conventional wisdom is that there will be enough fall out from those parties with reservations that there will still be available units with the current count of reservations.



                

What is unknown is that assuming the Developer's intention to sell all the units is still soundly in place, what the developer will be willing to do to achieve that goal. More than ever, I think it is important to place yourself in the position to have the opportunity to say yes or no. I am not convinced that as we speak now, we know the final terms and incentives that will be placed on the units and we certainly don't know what the ultimate prices will be.

Everything I've heard is that the bulk of the interest is in the lower priced units and I think that a reservation placed in the near future will still have an excellent chance of being able to purchase some of the nicest units in the buildings. Depending on how they set the ultimate prices, there may be opportunities to purchase Ocean Front luxury fully furnished condominiums for as little as $1.625 MM which were selling for $2.8 as recently as 6 months ago.

If you would like to look at some pictures of these units, here is a link to several on Flickr Beach Villas on Flickr .

There is a lot to talk about regarding the sale event and time is drawing to a close, so I would love to hear from you if you would like to spend some time on the phone to hear about them. If at the end of the conversation, if you are still interested, we can take if from there. To quote Woody Allen, "90% of life is showing up".

There are also some great rates available during the event at the Beach Villas themselves and at the JW Marriott Ihilani Hotel. Both are having rates under $200/night plus tax, although the Villa rates are based on a minimum 7 night stay. Still, I think that may be the least expensive rate I have ever heard of at the Villas and apparently includes their entire inventory of units which would mean to me that you should be able to get a unit that is great for you or your family.

This sale is a product of the current housing enviornment and could be looked back on as a "What was I thinking? " when the opportunity passes and the results are in. Lenders are in place with sharpened pencils and if nothing else, it will be a fascinating event to participate in on June 6th and 7th.

For earlier articles on the Beach Villas by myself, follow these links: 


Introduction to the Beach Villas at Ko Olina

Announcement of the Final Sale event in February

March Final event update

If you want me to mail you more information, you can reach me at Contact Michael



                   

Aloha