On Top of the Aloha Beat BLOG


Kauai REO listings and updates - Week of August 24th

New Listings:

1. 5796 Noni St., Wailua Homesteads. This is a 5 bedroom 2 bath home 2 story home.  The home has nice curb appeal and is in an excellent location near Sleeping Giant (Nonou) mountain. The home is a good example of a home remodel gone bad. Check out a video walkthough by Hawaii Life's Susie Kunkel.  Owned by American Home Mortgage Servicing Inc. MLS#226761 

 Price Changes:

  1. Banyan Harbor G-80, Lihue. A 2 bedroom 2 bath fully furnished condo with partial ocean view.  New price $224,0000. MLS#225936
  2. 4740 Hokuloa Place, Eleele. 3 bedroom 2 bath home for $289,900. Garage has been turned into a family room. MLS#225781.
  3. 5086 Napookala Circle, Princeville $727,800 MLS#224854. An amazing location on the Makai golf course in Princeville. Over 16,000 sq. ft. Some of my buyers think the home should be leveled! Ouch... Owned by Bank of America..

Buyers often request which bank owns the property. Dealing with each bank can be vastly different whether you are purchasing a Kauai REO or a Kauai Short Sale

You can search the entire state of Hawaii at the Hawaii Life website, and even set up your own account there.

Upcoming listings include some units at the Waipouli Beach Resort. This project, located across the street from the Kauai Village Shopping Center, was sold at the height of the market. It's an amazingly high quality construction, with the utmost in amenities. However, with super high maintenance fees, the market would not sustain the original developer prices. With the start of REOs in this complex, I anticipate the prices are going to adjust rapidly just as they did with other similar projects like the Aston Island on the Beach and the Hilton Kauai Beach Resort. If you want a deal at Waipouli Beach resort, keep your eye on the market. Here is a list of all the units for sale at the Waipouli Beach Resort today.

Waipouli Beach resort night shotNight Shot from Waipouli Beach Resort in Kapaa.

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

Comment balloon 3 commentsRonnie Margolis • August 25 2009 10:19AM


That is a beautiful photo!!!

Posted by Sabrina Solesbee, Sabrina Solesbee (Solesbee Group) about 11 years ago

That is a beautiful resort. Amazing place to stay. Gourmet kitchens with Viking Stoves and SubZero Refrigerators and water slides that are wonderful for the kids. But for the owners who paid 2 million plus, yikes!!! Those values will not stick.



Posted by Ronnie Margolis, Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh (KW Kauai) about 11 years ago

nice work Ron

Posted by Jeffery Griffin, Broker Owner (Jeff Griffin LLC ) about 11 years ago