Last week my wife and I went down to the Kauai Lagoons golf course where the Marriott and Ritz Carlton have been getting their extensive development project off of the ground. It was almost two years ago when the Honolulu Advertiser first reported about the sale of this project that includes:
1. Multi-million dollar lots crafted out of what was formerly the Kauai Lagoons golf Course (27 holes of the Jack Nicklaus course will remain in tact).
2. Grand Residence by Marriott condos - fully furnished and top-of-the-line units with elegant amenities beginning at around $1.7 Million
3. Ritz Carlton luxury homes - 14 homes ranging from around 5 to 7 million in price. CLICK to view the floorplans of the luxury homes
4. Ritz Carlton Club Timeshare - starting at around 200k for a three week interval period. The Ritz-Carlton Club is a fractional ownership real estate offering combining the benefits of second home ownership with personalized Ritz-Carlton services and amenities. Designed as a private club, Members have the opportunity to access their luxuriously-appointed home Club or other Ritz-Carlton Clubs through reciprocal use privileges in accordance with reservation procedures. Members also have the ability to utilize additional time as available.
The Grand Residence condos are divided in phases A, B, and C. Phase A is almost sold out and then come the next two phases. We took a little boat tour on the Kauai Lagoons, one of the delineating features of this entire 580 acre development, and drove out to view the condos from the lagoon itself. Building A is expected to have "Heads on Beds", as the sales reps liked to keep saying, by January of 2009.
4 Story Grand Residences, building A will be finished by year's end
Taken from the view tower just in front of Grand Residence condos, this is the view to the north east: white water, palm trees, and lots of blue ocean.
Realtor Ron and Gwen standing on the view tower at the Ritz Carlton-Marriott joint venture overlooking Kalapaki Bay.
According to James Barry, the sales manager, the individual lots - around 40-50 of them were all sold to one developer on the mainland. 12 of the 14 Ritz luxury townhomes have reservations on them, and most of phase A of the Grand residences are sold out. The developer is offering great incentives to agents for a sale before the end of the year, including, a week stay at any Ritz Carlton in the US. Refer us a buyer if you know someone who might like this luxury resort and I'll share some of the rewards.
View the Ritz Carlton Kauai residences online and let me know what you think
Ron Margolis, RA, CDPE, ABR Hawaii Life Real Estate Services 808.346.7095 email: firstname.lastname@example.org