ENCHANTED LAKE NEIGHBORHOOD IN KAILUA

This family neighborhood lies in a mainly flat section of SW Kailua, and consists mostly of homes originally built in the early 1960's, as part of the Enchanted Lakes Estates subdivision. With a maze of curving streets all surrounding Kaelepulu Pond (aka Enchanted Lake), it is located mostly inside the loop formed by Keolu Drive, but also, North of the loop, bounded by Mid-Pacific Country Club Golf Course to the East, Auwina Street and Place to the North, and Hamakua Drive to the West. Most of the homes in the Enchanted Lakes subdivision are fairly similar, single-family, slab construction bungalows, unless renovated. There were originally only a handful of models sold -- all with vaulted ceilings, side entry carports and covered lanais.

Within the Enchanted Lake neighborhood, there is a variety of price points as there is a variety of frontages. Some homes have frontage on the Mid-Pacific Golf Course and some homes are on the lake (Kaelepulu Pond aka Enchanted Lake) or on one of several the canals leading to the ocean, and having boat docks. Great locations for taking out a kayak and paddling to Kailua Beach.

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Some of the waterfront and golf course homes are quite spectacular. Typically, these are on 10,000 sq ft plus lots. But all the lots in the Enchanted Lake neighborhood are good-sized, from 7,500-11,000 sq ft. and the homes vary in size from about 1,200 to 3,500 sq ft. Homes originally built were in the 950-1500 sq ft range. Many have enclosed lanais to add living space. Many have also gone up with second stories. With prices generally from $650K to $1M (except $1M-1.2M for the most pricey, remodeled waterfront or golf course homes), this can be one of the more affordable areas of Kailua.

Besides affordability, the Enchanted Lake neighborhood is also attractive to many because of its Top-Rated public school, Enchanted Lake Elementary. The area also has a few private schools, its own shopping district, and several restaurants and churches. SEE WHAT IS ON THE MARKET NOW !!

I spoke with several Realtors over the weekend who have noticed that activity has really picked up in the last week. It seems that many of the Buyers out there don't have Realtors and an agent who is a close friend picked up a Buyer this past weekend and is already out showing them property. Since I heard from these Realtors saying that they had noticed a lot of Buyers out this past weekend we have had nine showings on my Kailua listing at Papalani street in the past 2 days. I have been trying to figure out why this sudden surge of activity would occurr and I was wondering if school starting back up had an effect on the activity in the neighborhood. This listing is in a hot price range and I feel certain we will be getting an offer soon. Hawaii continues to have unit volume issues (Down approximately 26%) but seems to continue to hold pretty steady in Median Price Range. I hope this continues to be the case. There does not seem to be much quality inventory out there.