Princeville Kauai condo (and house) update for the week of Jan 5th to Jan 11th

By
Real Estate Broker/Owner with Sold on Kauai Realty RB-18142

Aloha,

It’s been a beautiful week in Kauai after some cold days which got into the 60′s. This is the one time of the year where it’s very easy to distinguish locals from visitors, who are all parading around in shorts and tank tops while locals dig out their jeans and sweat shirts.

Nihilani is finally building the last building in the complex. The lot for building 12, which up to this point has handled overflow parking, is now under construction with a tentative completion date in Apr 14. Due to the economy, the builder never completed this last building as he had a great deal of trouble selling his existing inventory.

The building consists of three units – the downstairs, single story Moana with 1406 sqft, and the smallest offering within the complex; the second is the popular townhouse style Makani with 1874 sqft and the third is the largest unit, the Mahina which is a single story upstairs unit of 1972 sqft. Pricing was just released: Moana is $595K with HOA’s of $478, Makani is $675K with HOA’s of $637 and Mahina is $665K with $689 as the HOA. Please contact ASAP if you are interested in one of these new Nihilani units.

Now on to your update, which was pretty active this week for condos:

NEW LISTINGS

269566 CND A 3 4-5-4-5-23-23 FS $157,500 Plantation #621 1,318 #621 3/3.00
269882 CND A 2 4-5-4-5-7-11 FS $364,100 Sealodge #B3 570 #B3 1/1.00
269669 CND A 6 4-5-4-12-10-34 FS $485,000 Emmalani Court #512 1,192 #512 2/2.00

BACK ON THE MARKET

261921 CND A 292 4-5-4-12-3-4 FS $699,000 Hanalei Bay Villas #4 1,248 #4 2/2.01

CONTINGENT SALES

267625 CND C 72 4-5-4-5-39-80 FS $69,900 Cliffs #3304 1,137 #3304 1/2.00
268059 CND C 68 4-5-4-5-12-20 FS $375,000 Sealodge II #H2 567 #H2 1/1.00
266314 CND C 95 4-5-4-12-10-40 FS $395,000 Emmalani Court #523 952 #523 1/2.00
266678 CND C 125 4-5-4-5-23-43 FS $619,500 Plantation #1121 1,318 #1121 3/3.00

SALES

267871 CND S 12 4-5-4-15-21-47 FS $222,750 Sandpiper #210 1,173 #210 2/2.01
SOLD 1/10/2014 for $275,000 (CNV) DOM 12

266886 CND S 63 4-5-4-5-3-7 FS $379,000 Paniolo #107 1,058 #107 1/2.00
SOLD 1/10/2014 for $330,000 (1031, CASH) DOM 63

267726 CND S 13 4-5-4-5-23-53 FS $499,000 Plantation #1411 1,153 #1411 2/2.00
SOLD 1/8/2014 for $482,500 (CNV) DOM 13

267749 CND S 47 4-5-4-5-24-26 FS $665,000 Nihilani #9B 1,874 #9B 3/2.01
SOLD 1/10/2014 for $599,999 (CASH) DOM 47

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

New Listings:

A 2 month share at Plantation 621 is available for $159,500. The time period available is from May 8 to Jul 7. The entire unit was purchased for $550K in 8/05. Sealodge B3 is now on the market after selling as a bank REO for $215K in 11/11. It is priced at $364,100. Emmalani Court 512 is listed for $485K after selling for $700K in 5/07.

Back on the Market:

Hanalei Bay Villas 4 unfortunately fell out of escrow and is now back on the market priced at $699K. The prior sale was in 7/08 for $845K.

Contingent:

Fractional share Cliffs 3304 found a buyer with a list price of $69,900. It sold back in 6/89 as a leasehold unit for $115K and converted to fee simple in 6/89 for $21,200. Ocean view Sealodge H2 went into escrow while priced at $375K after selling for $128K in 7/98. Emmalani Court 523 was listed for $395K as it went into escrow. This unit sold for $320K in 11/02. Plantation 1121 is now in escrow while priced at $619,500. This upstairs condo was purchased for $700K in 6/07.

Sales:

Bank owned Sandpiper 210 which came on the market with a low price of $222,750 ended up closing at $275K. This unit sold for $535K in 6/05 and was foreclosed on in 11/13. Paniolo107 sold as a bank REO in 1/12 for $138K and needed some work. It closed this week for $330K while listed for $379K. Nice to see someone making money in real estate again. Plantation 1411 closed for $482,500 while listed for $499K. This unit sold for $575K in 7/07. Nihilani 9B sold for just a dollar less than it’s original purchase price of $600K in 4/09, closing at $599,999 cash. It was listed for $665K.

That’s it for this week. No withdrawn properties, expireds or price changes! Now on to your Princeville residential update – which ONLY had price changes for this week’s activity. See for yourself:

PRICE CHANGES

259959 RES A 375 4-5-4-17-18 FS $829,000- 4944 Emmalani Dr 10,500 sqft 2,100 3/2.01
268856 RES A 38 4-5-4-16-46 FS $1,499,000- 4133 Rooke Pl 11,036 sqft 3,368 4/4.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

Price Changes:

4944 Emmalani Drive came on the market 373 days ago priced at $895K, after selling for $315K in 8/99. There was one prior price reduction and the second one occurred this week as the home went from $849K to $829K. 4133 Rooke Place has only been on the market 36 days when it made a price adjustment from $1.950M to $1.499M. The last sale was for the land in 6/03 for $383K.

Well that’s it for this week. Quite a bit of condo activity but not so much in the residential area. We’re getting off to a slow start with only 19 sales as of today Sunday compared to a total of 49 for last January. Still some good opportunities out there if you are considering the purchase of Kauai real estate. If you need more information on these or any other listings you know what to do. Text, email or call. That’s why I’m here.

In the meantime, if you’re up in the Princeville center you may want to check out “Touch of Kauai” located above Bank of Hawaii. We discovered this new business yesterday while up having lunch at one of my most favorite restaurants, Federico’s and iced coffee from Le Petite Bakery.

Saturday was the grand opening of “Touch of Kauai” which offers not only massages, but also facials and more. We booked a couples massage for next week (they offer Kama’aina rates too) so I’ll let you know how it goes. Their website is TouchofKauai.net.

It’s always good to see a new business open up especially small local businesses where you can get to know everyone there. I think it’s important to support our local businesses as much as possible so check it out – along with all the other great places in the Princeville Center. These businesses are just another part of what makes Princeville so special.

Aloha Elaine

Hanalei bay 1-11-14
Beautiful Hanalei Bay as seen from the viewpoint on the road. (Before you go down the hill to the one lane bridge.)

Hanalei vally 1-11-14
Hanalei Valley from the viewpoint.

Hanalei beach 1-11-14
We even made it to the beach for some down time!

Elaine Schaefer (R)
Broker in Charge
CRS, GRI, ABR, SFR
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@gmail.com
website: www.KauaiRealEstateNow.com
blog: www.activerain.com/blogs/soldonkauai

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Elaine Schaefer

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