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ELVIS in Blue Hawaii, filmed at the Coco Palms in Wailua, Kauai, Hawaii
Once the darling of vacationers and lovers of paradise, the Coco Palms hotel was devastated by Hurricane Iniki on Sept. 11, 1992. That's right, September 11th. Go figure. The Garden Island reported that the developers have requested extension on their permits.
More than four years have passed since permits were first approved for a major overhaul of the derelict structure that was once the world-famous Coco Palms resort, but a lack of visible progress and frustration with the stewardship of the Wailua property has pushed the project to the verge of extinction.
At the county Planning Commission meeting Tuesday at the Mo‘ikeha Building, Phil Ross, one of three owners of the historic property, argued the development should receive not just the two-year extension to its permits requested in a November letter but a three-year allowance due to current and future economic conditions.
It's sad that Kauai has not been able to do something with this wonderful piece of land. Now, in this difficult economic climate for development, it is even less likely that the county and state may step in and do something.
Read the full report about the current state of Coc Palms in this week's Garden Island
PHOTO BELOW from the Coco Palms brochure in the 80's
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Just listed $225,000. MLS#221077 This is a 2 bedroom 1.5 bath house of approximately 720 sq.ft. on a CPR lot of approximately 4432 sq.ft. Built in 1985 it shares a driveway with the back house. It has a small fenced yard. Formers owners make a make shift Lanai. Kitchen has granite counter tops. The lowest priced house in Wailua Homesteads! Email or call if you have any questions. julie@hisemail.net 808 652-6174. Aloha Julie5773-A Kuamoo Road Just Listed Kauai REO
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The Garden Island, known for it’s ample rainfall and verdant tropical landscape, is home to the wettest spot on earth. Why then, would we possibly ask our community to focus on our water supply when there are so many other critical energy issues to be addressed? Volatile electricity costs, a crippled economy, health care, food security, the list goes on. Simply put; in most Island homes, our water supply is completely oil dependent. Without petroleum to generate electricity, we simply cannot deliver water to a majority of Island residents on Kauai. And although our State leaders have recognized and begun acting on the real potential for oil supply disruptions and continued price volatility, as well as the general economic liability of severe dependence on tourism, few have asked; What about our water?
In response to this, Apollo Kauai, in conjunction with Malama Kauai and several other community organizations, is initiating a campaign to bring focus to the vulnerability of Kauai’s water supply to energy supply problems. What happens to our water supply if there is a sudden and prolonged petroleum shortage on Island? What happens to the cost of our water if oil (and with it, electricity) again shoots to new high prices on the global market? Such events are certainly possible, if not likely, and moreover, are clearly beyond our control. Should we simply do nothing and hope for the best?
There is a meeting on Feb. 19th at the Lihue Neighborhood Center to discuss this and more. For full information Read this article by Ben Sullivan of Apollo Kauai
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Newly Listed Kauai REOs: 1.4217A Anahola Road, Anahola. This 3 bedroom 2 bath home needs a lot of cosmetic work but the house “bones” appear to be in good condition. The best part of this house is the location. A block away from the beach and boardering a park. The second best thing is the price. $329,900. The first photo is the park. The property line ends approximately at the large rocks. Listed with Julie Black of Kauai Dreams Realty. MLS#220016 2. Kamahana #4, Princeville. This is a 2 bedroom 2 bath condo of approximately 1145 sq.ft. living area in Princeville. HOA fees $522 a month. Owned by Countrywide. $354,900. MLS#220199 Upcoming REOs with Kauai Dreams Realty: #1.5322 Kahala St., Kapaa. This 3 bedroom 1 bath home is in good condition. Granite tile countertops, bamboo flooring are just some of its features. This should be listed soon. Upcoming REOs with other Realtors: The REOs have increased this month and will probably continue to be steady until around midyear. By that time the banks should be caught up with their Hawaii inventory. Although some of these foreclosures were due to past higher prices most were due to subprime loans, loans people couldn’t afford to take but did due to a variety of reasons. Next week I will again have the full printout of listed Kauai, Hawaii REOs or bank owned properties, including price changes, in escrow and solds. In the meantime email me at julie@hisemail.net for immediate email notification of upcoming to listed REOs with Kauai Dreams Realty. You can also call me with any questions or requests. 808 652-6174. Aloha Julie January 25, 2009 Kauai REO Foreclosure Update
#2. Mimilo Road, Kapaa. Hundley Heights area.
#3. Koili Lane, Wailua Homesteads.
#4. 5733 A Kuamoo Road, Wailua. 2 bedroom 2 bath with a small yard.
#5. 4836A Puuwai Road, Kalaheo. 2 bedroom 1 bath home.
#6. 5796 Noni, Wailua Homesteads, Kapaa. 5 bedroom 3 bath home.
#7. Hoolako, Lihue. Nicer home in eviction process.
#8. 148 Royal Drive. over 1 acre on the rim in Wailua w/ two homes.
#9. Kauai Beach Resort #4208 (Hilton) This is the preferred oceanfront building.
#1. Lae Road, 3/2 In the eviction process.
#2. Aheahe Place. Lihue. 4 bedroom 3 bath.-Fannie Mae
#3. Paniolo #103, Princeville condo.-Fannie Mae
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There are two new REOs in Kapaa: #1. Kawaihau Sports Villas #J201. A 2 bedroom 2 bath condo with loft and lanais. $171,600. MLS#219941. Current maintenance fees are $454.00 a month. KSV is a great spacious condo project but a large assesment will be in the future for the cesspool to septic or sewer line connection as mandated by the EPA.January 15, 2009 Kauai REO Foreclosure Update
#2. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $279,000. MLS#219935 There are no garages but instead open parking. Maintenance fees of $251.16 pay for the upkeeping of the manicured grounds.
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Ronnie Margolis, Kauai Realtor®, CDPE, ABR, RA - On Top of the Aloha Beat
Real Estate Agent
Kapaa, HI
view my blog
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Julie A. Black CRS, GRI, Realtor
Real Estate Agent
Kapaa, HI
view my blog
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