Flipping properties on Maui, still possible?

We have not seen anybody flipping properties in years! And there it is, the first unit at Kaanapali Shores that is flipped.

Unit 437 at Kaanapali Shores, is a 2bd/2ba, 954 sf living area with garden view and it was initially listed for $635,000. After 235 days on the market, the sellers became very motivated and finally accepted a sales price of only $350,000! Escrow was closed at the end of last week.

http://MAUI.fnismls.com/publink/default.aspx?GUID=e6dd7005-2a7c-4d88-b66c-7fbb3ade42ed&Report=Yes

Two days later, this unit is listed again, for $699,000!

We will see when it sells and for how much it sells, to confirm "the flip".

To see other units at Kaanapali Shores for sale, please visit www.westmauihome.com and www.kshores820.com