Kauai, Hawaii - Condos for sale -Kauai Beach Resort

By
Real Estate Agent with HomeSmart Island Homes RB 20260

Just Sold Kauai Beach Resort 2301

Kauai Beach Resort 2301

I just represented the buyers on Kauai Beach Resort 2301.  They paid $22,400 for this Bank-owned (REO) condo/guestroom at the Kauai Beach Resort. The Buyers got an incredible buy on this condo for sale with this corner unit in the main building with mountain views, air conditioning and developer furnishings. The previous owners paid $239,000 in March, 2006 for this unit.

The hotel underwent a major renovation in 2006 and 350 fully furnished guest rooms were offered as condos for sale priced from $235,000 to over $400,000. The hotel was managed by Hilton in 2006-2009 and is now being managed by Aqua Resorts.  The Kauai Beach Resort is located on Kauai's east side on a 3 mile stretch of beautiful beach.  It is a deluxe 5 story oceanfront resort that offers a tropical setting right on the Pacific Ocean and located north of the town of Lihue, Hawaii and 5 minutes from the Lihue Airport. Surrounded by exotic lagoons, cascading waterfalls and lush tropical settings, the Kauai Beach Resort offers a central, convenient location close to the airport, shopping, championship golf and all of Kauai's great activities and adventures. Here is the website for Kauai Beach Resort:  http://www.kauaibeachresorthawaii.com/

Interested in owning at Kauai Beach Resort?  Currently there are 4 Kauai Beach Resort REOs or Short Sale condos for sale for under $50,000.     Call me if you want to take advantage of these great buys.   

The AOAO (Association of Apartment Owners) costs are $918 per month and around $50 per month for property taxes.  The AOAO and Property Taxes are your ownership expenses. Separate from owning the property you can choose to put the unit into any rental program. Aqua Resorts is an on-site rental program. In the recent past, the rentals have not generated enough income every month to cover the owner AOAO and property tax expenses but I believe that Aqua has cut costs and increased revenue so the outlook is promising.

There has been lots of activity for these condos for sale. 28 are of the units are contingent (sale pending) and 5 have sold this year.

 

Posted by

 

Carol L Skon, Realtor Broker, GRI, e-Pro  

HomeSmart Island Homes Kauai, Hawaii

Main office: 1888 Kalakaua Avenue Suite C312, Honolulu, HI 96815  

808.634.2945         www.carolskon.com    

Kauaihawaiirealestateblog.com

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Anonymous
Loyal Galon

Would you be able send me via email (I live on Oahu) the current listings for Kauai Beach Resort? I am interested in purchasing.

May 16, 2011 06:42 AM #1
Rainer
224,178
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Loyal,

Currently there are only 4 condos offered for sale. None of these are short sales or REO (Bank owned foreclosures).   

There are 18 condos that are contingent (sale pending) with asking prices ranging from $20,000 - $94,0000. They are all short sales so that means that the offers were accepted by the seller and are currently with the lien holder for approval. The lien holder may counter offer and the buyers may not agree.  If so, that property will become available for another buyer. 

 There has been lots of activity with this development and 29 units sold this year priced for $22,400 - $91,000.   

I can email the listings to you but I need your email address.  Can you send it to me at carol@carolskon.com?

Aloha

 

 

May 16, 2011 07:00 AM #2
Anonymous
Randy Mulvaney

Me and my wife have been coming to the island for years and looking to get started there with a small condo like these I would love to spend the lowest amount possable around 20,000 to 50,000 and are ready to move anytime please contact us with info, and if you are into rentals around 500 to 700 a month if we can not buy we would love to hear about that to.

 

thank you Randy Muvaney

Dec 04, 2011 03:10 AM #3
Anonymous
Randy Mulvaney

Me and my wife have been coming to the island for years and looking to get started there with a small condo like these I would love to spend the lowest amount possable around 20,000 to 50,000 and are ready to move anytime please contact us with info, and if you are into rentals around 500 to 700 a month if we can not buy we would love to hear about that to.

 

thank you Randy Muvaney

Dec 04, 2011 03:11 AM #4
Anonymous
Randy Mulvaney

Me and my wife have been coming to the island for years and looking to get started there with a small condo like these I would love to spend the lowest amount possable around 20,000 to 50,000 and are ready to move anytime please contact us with info, and if you are into rentals around 500 to 700 a month if we can not buy we would love to hear about that to.

 

thank you Randy Muvaney

Dec 04, 2011 03:13 AM #5
Rainer
224,178
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Randy,

Thank you for your comment and interest in Kauai Beach Resort. I think that the window for purchasing a Kauai Beach Resort unit for under $50,000 has closed.  The least expensive unit now offered for sale is $57,000.  I am closing on another one tomorrow for $59,500.

Are you looking for a property to live in full time?  The Kauai Beach Resort condos do not have kitchens (or a microwave).

Sorry, I do not handle rentals. You might try Craig's List if you are looking for a rental. 

If you would like to know more about what is available for sale, please send me your email.  You can contact me at carol@carolskon.com.

Aloha. 

 

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Dec 04, 2011 04:40 AM #6
Anonymous
Tracey Vackar
I am interested in one of these units. Are loans available, or is it cash only? I don't plan to rent it, so i would like to keep the cash investment low. Thank you Tracey
Jan 28, 2012 03:44 PM #7
Rainer
224,178
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Tracey, No finaincing is available - purchasing a unit here is cash only. Contact me at carol@carolskon.com and I can provide you with the current units offered for sale. 

Jan 29, 2012 01:52 AM #8
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Carol Skon

RB, Kauai, Hawaii Real Estate
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