Kapaa, HI

Just Sold

Waipouli Beach Resort C206 $260,000

I represented the Buyer who got a great buy on this REO (foreclosure) one bedroom/2 bathroom condo for sale at Waipouli Beach Resort C206. Waipouli Beach Resort is a deluxe four story oceanfront resort located in Kapaa on the east side of Kauai, Hawaii. It offers 190 condos from studio/hotel rooms to two bedroom/three bathrooms. The resort on-site amenities include a two-acre fantasy pool and waterfalls, snack & beachside bar, spa and restaurant. You can find out more about the on-site restaurant at http://www.oasiskauai.com/Oasis.html

Just across the street you will find a shopping center with restaurants, a grocery store, drug store and other shopping.

Waipouli Beach Resort was built in 2006. The condos for sale include upscale finishings with granite countertops, Peruvian Travertine stone tile floors, appliances by Subzero, Wolfe and Fisher Paykel, Jacuzzi soaking tubs, central air conditioning, crown molding, double paned energy efficient windows and hardwood cabinets.

Currently there are 25 condos for sale at Waipouli Beach Resort priced from $225,000 for a studio/hotel room to $2,200,000 for a two bedroom/three bath oceanfront condo. The prices have really come down at the Waipouli Beach Resort. Here are the sales statistics: As you can see, the median sales price is now at the lowest since the resort was built.

Call me or email me if you are interested in learning more about the great condos for sale at Waipouli Beach Resort.

You can always come for a visit before you buy. Make your reservations with Outrigger, the on-site rental management company: http://www.outrigger.com/hotels-resorts/hawaiian-islands/kauai/outrigger-waipouli-beach-resort

Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the September 1, 2011 Kauai REO (bank owned property) list.

Kauai REO New Listing:

1. 1791-B Makaleha Pl, #B Kapaa. 3 bedroom, 4 bath home. $535,000. MLS 248336. Owned by First Hawaiian Bank.

Kauai REO Price Changes:

1. Makahuena #I204, Poipu. 2 bedroom, 2 bath condo. Price reduced to $299,000. MLS 247277. Owned by Bank of America.
2. Islander on the Beach #269, Kapaa. Studio condo. Reduced to $78,000. MLS 238636. Owned by Pacific Rim Bank.
3. Princeville Paniolo #107, Princeville. 1 bedroom, 2 bath condo. Reduced to$174,900. MLS 245604. Owned by GMAC Mortgage.
4. 6050 Halaulani Pl, Kilauea. Spacious (2,724sqft) 3 bedroom, 2 bath newer home on 2.05 acres. Reduced to $1,049,000. MLS 242046. Owned by First Horizon Home Loans.
5. 4521 Mikala Pl, Wainiha. 2 bedroom 1 bath home $226,900. Leasehold. MLS# 239983. Owned by US Bank National Association.

Kauai REOs in Escrow:

1. Waikomo Stream Villas #423, Koloa. 1 bedroom, 1 bath condo. $163,000. MLS 244758. Owned by Freddie Mac.

Kauai REOs Sold:

1. Prince Kuhio #234, Poipu. Studio and 1 bath condo $159,000. MLS #245329. $159,900. Sold on 9/12/2011 for $159,900 (CNV).
2. 4257 Omao Rd, Koloa. 3 bedroom 2 bath home. $384,500. MLS#245324. Owned by Fannie Mae. Sold on 9/9/2011 for $375,000 (CNV).
3. 4740 Mailihuna Rd, Kapaa. 2 bedroom 2bath home $339,900. MLS#244842. Owned by Fannie Mae. Sold on9/15/2011 for $320,500 (CNV).

According to a Pacific Business News Article there was a 75% drop in foreclosure filings from August 2011 compared to August 2010. Well no surprised there since Hawaii law makers put a temporary kabosh on non-judicial foreclosures. The filings are for judicial foreclosures which is a more common practice with local state banks, i.e. Bank of Hawaii, Central Pacific Bank, American Savings. Unfortunately for the mortgagor a judicial foreclosure does not release the mortgagor from the debt due that was not recovered in the sale. Smartly law makers knew enough then to try and mess with the court systems. So REOs will trickle in until the end of the moratorium. However this has encouraged the mortgage companies to work with Hawaii seller’s on short sales.

All available properties with MLS numbers can be plugged into my website at www.kauaidreams.com for more info and pictures. Or feel free to call 808 652-6174 or email me at julie@hisemail.net with any questions you might have or an appointment to see these properties. Aloha Julie

Search all Kauai Homes at www.kauaidreams.com Search the Kauai MLSat http://www.kauaidreams.com Search Kauai Property at www.kauaidreams.com.SearchKauai real estate at www.kauaidreams.com.

Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the July 1, 2011 Kauai REO (bank owned property) list. It is updated weekly or on the 1st of the month.

Kauai REO New Listing For Sale:

1. 5698 Olohena Rd, Kapaa HI 96746. 2 Bedrooms 2 Baths $375,00.00. Owned by Deutsche Bank National Trust Co. . MLS#246819

2. Kaha Lani #107, Wailua. 2 bedroom 2 bath beachfront condo $339,900. MLS#246802 Owned by Wells Fargo Bank.

3. 5197 Kome St, Kapaa. 3 bedroom 2 bath home in Kawaihau Estates. $249,900 MLS#246563 Owned by Wells Fargo Bank

4. 6180 Koolau Road # 27 Anahola, HI 9.16 ac Agr Land. Not zoned for a homesite. $229,000.00. Owned by American Saving Bank. MLS#246530.

5. 636 Puuopae Rd. Kapaa, HI 96746. 3 Bedrooms 2.5 Baths $323,000.00 Owned by Freddie Mac REO. MLS# 246746

Kauai REO’s in Escrow:

1. 2090 Hanalima St, #CC101, Halelani Village AtPuhi, Lihue, HI 96766. 3 Bedroom 2 Bath $161,900.00. Owned by Deutshe Bank National Trust Co. MLS# 241901

2. 440 Aleka Pl #261, Islander on the Beach, Kapaa, HI 96746. Studio and 1 Bath $79,000.00. MLS# 246393.

3. 2107-B Kelikoli Street # 8, Lihue, HI 96766. 3 Bedroom, 2.5 Bath $231,000.00 Freddie Mac REO. MLS # 243525

4. 4606 Puuwai Rd, Kalaheo, HI 96741. 5 Bedroom, 3 Bedroom $398,000.00. Owned by Chase. MLS3 244528.

Kauai REO Price Changes:

1. Waipouli Beach Resort #C206. A 1 bedroom 2 bath condo. price reduced$339,900. Owned by Fannie Mae MLS#244464.

2. Princeville Paniolo #107. 4480 Ka Haku Princeville, 96722. This 1 bedroom 2 bath condo can have a lockout. Some upgrades. Price reduced $199,900. Owned by Chase MLS#245604.

3. Mauna Kai F6, 3920 Wyllie Rd,Princeville, 96722. 2 bedroom 2 bath condo is reduced in price to $199900.00 Owned by Central Pacific Bank MLS# 242917.

4. Mauna Kai F7, Unit # 6 3920 Wyllie Rd,Princeville. 2 bedroom 2 bath condo is reduced in price to $249,900. Owned by Freddie Mac MLS#244531.

5. 355 Aina Lani Pl. Wailua Rise Estates, Kapaa, 96746. 3 Bedroom 1 and 3/4 Bath home is reduced in price to $379,900.00. Owned by Beneficial MLS# 243624

6. 5155 Laipo Road #2, Kapaa. A 3 bedroom 1.5 bath fixerhome CPR. Reduced price to $229,900. MLS#244650. Owned by Fannie Mae.

Kauai REO Sales:

1. 3800 Kamehameha, Kamahana #2 Princeville, HI 96722. 2 Bedroom, 2 Bath condo $229,900.00 Freddie Mac sold for $217,000.00 7/8/2011. MLS# 243993

2. 5011 Haleilio Rd, Kapaa, HI 96746. 2 Bedroom 2 Bath condo $209,000.00. Freddie Mac REO sold for $209,000.00 7/6/11 MLS# 233720

Editorial will be reserved for my next blog. Thanks for reading.

All available properties with MLS numbers can be plugged into my website at www.kauaidreams.com for more info and pictures. Or feel free to call 808 652-6174 or email me at julie@hisemail.net with any questions you might have or an appointment to see these properties. Aloha Julie

Search all Kauai Homes at www.kauaidreams.com Search the Kauai MLSat http://www.kauaidreams.com Search Kauai Propertyat http://www.kauaidreams.comSearch Kauai real estateat http://www.kauaidreams.com

Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the July 1, 2011 Kauai REO (bank owned property) list.

Kauai REO, Kauai Foreclosures, Hawaii, October 25, 2010 Update

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Islander on the Beach is a low-rise resort condominium complex on Kauai's East Side in an area called the Coconut Coast. It's an oceanfront complex with 8 buildings and 203 units, most all with 372 square feet of living space. It's located within a short stroll to the Coconut Marketplace with restaurants, night clubs, gift shops, clothing boutiques, jewelry, and art galleries. A nice sandy beach is in front of the complex and many sights and attractions are just a short drive away.

These are converted hotel units that were gutted, very nicely refurbished with tropical decor, and sold to individual owners in 2005, a renovation of approximately $10 million. Most lenders classify these units as "lodging units" because they don't have a full kitchen and have quit making loans on these types of condos. Thus today's buyers (2010) must usually pay cash. Even so these units are within easy reach of many due to a precipitous drop in prices to as low as $78,500 (see below for current median sales price).

Islander on the Beach Complex Map

Islander on the Beach Sales and Listings Information

Summary of Listings (August 2010, includes units in escrow)

Summary of 2010 Sales (August 2010)

Information is deemed reliable but has not been independently verified and is not guaranteed.

Richard T. Dolbeare (RA), ABR, CRS, e-PRO, RSPS, SFR, BS/MS | Keller Williams Realty, 1819 S. Kihei Rd, Ste. D-110, Kihei, HI 96753 | (808) 651-4550 |Aloha@RichardDolbeare.com