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2 Kauai Homes for the Price of One

This just listed property is over four acres located in Kapaa, on Kauai's east side. In Hawaii we often use the term CPR ( Condominium Property Regime) to describe the method of dividing a property through the Real Estate Commission. This property at 4477 Kanaele Rd. is a two-unit CPR. Unit A has a three bedroom plantation style home located on over 3.5 acres. Unit B used to be a "tea house" and is a small studio with a 3/4 bath and kitchen with a garage located on approximately half an acre.

This is a short sale with Bank Of America, and is listed for $449,000. The land alone probably holds that value or more.

View the details of the short sale on the Hawaii Life website,

 

View Kauai Deals in my Kauai Foreclosure Gallery →

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Ron Margolis, RA, CDPE, ABR Hawaii Life Real Estate Services 808.346.7095 email: ron@hawaiilife.com

Comment balloon 2 commentsRonnie Margolis • August 30 2010 11:09PM
2 Kauai Homes for the Price of One
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This just listed property is over four acres located in Kapaa, on Kauai's east side. In Hawaii we often use the term CPR ( Condominium Property Regime) to describe the method of dividing a property through the Real Estate Commission. This property… more