Although much of the activity in North Kohala (Hawi - Kapaau) in the past month was in the lower end of the market, the two residential sales were at the upper end. Interestingly enough, each of these properties sold for $50,000 above their last listed price!
The Puakea Bay Ranch property had a significant price reduction that prompted multiple offers, and sold for $1,650,000 to a family whose children will bring life and sparkle to what has primarily been a community for well-heeled retirees and part-time residents. With the only active listing there being the oceanfront estate for $13,750,000, it is likely that lot listings will get more attention in coming months.
The only Puakea Bay Ranch active listing is this oceanfront estate for $13,750,000 (MLS 232548 )
The Hawi Historic Home had actually been withdrawn from the market. However, I got a call from prospective buyers who remembered having drooled over the virtual tour before they sold their home on Oahu and began searching for Big Island property. They wondered if the owners would still be willing to part with the home. The call came on Monday, the saw the property on Wednesday, made an offer on Thursday and we opened escrow on Friday. This property sold for $800,000.
Two larger plantation manager homes are still on the market in Hawi. I am partial to the layout of this 4,000 sq ft 5-bedroom home on 1-1/3 acres midway between Hawi and Kapaau:
Plantation Manager Historic Home for Sale for $1,550,000 (MLS 233193)
A hui hou,
Beth
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