As with any investment, you'll have to draw your own conclusions and make an educated decision as to if this investment is better than another investment for your situation. A lot has to do with your own motivations and why you wish to be here at the Beach Villas. I can lend you my ear but ultimately, only you will know if this is the right fit for you.

If you're considering a purchase, you should also run all of the legal documents through your attorney as there is a forest worth of documents between you and Centex, Centex and Ko Olina Development (KOD), Beach Villas and KOD, Beach Villas and Resort Management, etc. I am not an attorney. If you're coming for vacation, all of the legalize between the entities makes no difference.

Ko Olina Vacation Reservations available at: Beach Villa Resort Reservations.

I just received information that the next sales event for the Beach Villas at Ko Olina will be held in May of 2010.

The previous sales event in September resulted in the successful sale of 66 of the remaining 120 villas which leaves a balance of 54 villas that will be made available for purchase. So only around 20% of the units remain for the May sales event.

Reservations are taken in a priority order so quick action on your part will make a difference. If you have an interest, please contact me directly by email or phone ASAP through the links on the right side of the screen so that we can discuss.

There is still a limited opportunity to take advantage of greatly reduced prices and there is no obligation to purchase. There is also no penalty if you change your mind. See below for how the process works:

Sales Process

Reserving a unit requires making a priority reservation. Your place in line or "priority" on selection day is determined by the date and time stamp on your priority reservation. If you would like one of the nicer units and the largest number of choices, making a reservation now will increase your chances. Again, contact me via phone or email to get on the list.

The remaining 54 units will be made available for purchase on the sales event date in May. From past experience, the date is subject to change. However, the last sales event was conducted on the phone to alleviate co-ordinating hotel and airline reservations. However, feel free to call and make a reservation to come visit the property and have a VIP guided tour. If you have not yet visited or would like to take another look around, give me a call.

On the day of the sales event, based on your date and time stamp, the sales staff will call you when it becomes your turn.

The sales staff will go over the inventory list with you (minus the units that have been selected by purchasers who were ahead of you). If one of the available units meets your price/view requirements, you make a selection, otherwise you pass and they go on to the next person in line.

After you sign your contract, the State of Hawaii gives you an additional 30 day out where you can still change your mind if you decide this isn't the place for you. A cooling off period if you will.

After due consideration, if your feel this little slice of paradise might be just what your looking for and the Beach Villas fit in with your vacation/retirement/investment plans, feel free to give me a holler.

Mahalo

Alfred--

A big caviat, while I believe I have a great perspective of what's going on from being involved with the property in many different ways, I am not an attorney.

As with any investment, you'll have to draw your own conclusions and make an educated decision as to if this investment is better than another investment for your situation. A lot has to do with your own motivations and why you wish to be here at the Beach Villas. I can lend you my ear but ultimately, only you will know if this is the right fit for you.

You should also run all of the legal documents through your attorney as there is a forest worth of documents between you and Centex, Centex and Ko Olina Development (KOD), Beach Villas and KOD, Beach Villas and Resort Management, etc. As homeowners, we continue to dig up additional inter-related documents and are still trying to come to terms with how they fit together to figure out exactly what it is that we have agreed to and not agreed to between all of above listed entities.

On the positive side, we have a financially strong and savvy homeowner group and each member of the group is fairly successful at what they do in the real world when they are not hanging out at the property. The group has been working extremely hard to make sure that homeowner interests are protected as well as they can be under the circumstances.

Ko Olina Vacation Reservations available at: Beach Villa Resort Reservations.

The Beach Villas at Ko Olina on Oahu Hawaii held their clearance sale on their luxury condo's this past weekend on September 19th & 20th.

This was the real estate sales event where the condo prices were drastically reduced with the goal of selling all of the remaining 114 condos/villas (or about half of the project) over two days.

The sale was very successful with around 78 out of the 114 villas sold. You still have a second chance with around 26 villas remaining. If your interested,

click the Call Me or Email Me links to the right >

and we can discuss the opportunity. Some of the villas sold for as low as in the high $500's which is an amazing price when you figure the original starting prices at the project were around $1.8m. This is an almost four for the price of one deal.

It remains to be seen as to how they will dispose of the remaining villas. The standard method would be to sell the rest of them one at a time as they have in the recent past (at the discounted prices) until they are all gone. Who knows though, they might add additional incentives as time goes on so that they can unload the remaining units. Maybe they'll sell the rest of them in bulk to a single buyer. I don't have a crystal ball to know what will happen next. The one thing I have learned around here is that everything can and will change from moment to moment.

I am still working on pulling as many homeowners together into a central reservation website site so that we can control our rates and offer good values for guests with rates that don't force homeowners into foreclosure when they can't make their mortgage and HOA payments. Rates continue to decline and I predict they are going to get worse. At some point, it's not worth renting out because the cost of wear and tear of both our grounds and our villas will be higher than the nightly rental rate.

One central site will also allow us to compete with other properties in the global market instead of spending time competing with each other. There should be enough guests around the world if we can effectively reach them. Why spend all of our time fighting over one guest, we should go out and get ten more instead.

Give me a call or drop me an email if you agree. If you have purchased a villa and are interested in renting it out and would like some effective marketing, I may be able to help. If your still thinking about purchasing there may be some good opportunities for you. It's going to be a little rough going for the immediate future but five or ten years from now you'll probably be glad you "got in the game". At least, that's what I think. See you around the pool! Alfred--

If you didn't purchase but have fallen in love with the area, Beach Villas Vacation Reservations are available at: Ko Olina Beach Villas Resort Reservations.

Check the Specials and Packages tab for the latest vacation rental deals.

First time on the market, luxurious Ocean Front Condo at the
Beach Villas at Ko Olina available for lease or vacation rental.

Are you looking for a place to live where each day feels like you are on a luxurious vacation? You can at the Beach Villas at Ko Olina. Imagine waking up to a beautiful Ocean Front view, then wandering down to the the fitness center for an early morning workout, followed by a visit to the steam room and sauna, and then some laps in the lap pool, all before you head off to work.

In the evening, go for a stroll on your sandy beach, take a dip in the ocean or lagoon pool, watch the sun set as you BBQ some fresh Ahi Tuna steaks, Rib Eye Steaks or Shrimp. Costco, Target and Safeway are all just one exit away and less than five minutes from your home.

Not interested in cooking? No problem, our on-site concierge staff (Debbie, Heaven & Summer) are here to make your life easier by making that perfect restaurant reservation or ordering tickets for a special event.

Need a massage after a hard day, no problem, perhaps a Hot Stone Massage will chase away any stress.

Short term rentals of one week and longer are available through September of 2010. After September of 2010, minimum length of stay is 30 days.

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FYI for people purchasing property in Hawaii: Property tax rates in Hawaii are 400% higher for properties that provide short term rentals. So we're keeping our 3br as a short term rental and our 2br will become a long term rental.

We've already paid the taxes for short term rentals through September of 2010 for both properties so that's why you can reserve the 2br as a short term rental until then. However, to change the property type from a short term to long term rental, you must do it a year in advance. The deadline is once a year in September so you have to decide now to make the property a long term rental but it won't take effect until a year later, in October of 2010!

It's a crazy system but I think it maximizes revenue for the state. Taxes for this property are $16,000.00 a year as a resort rental and around $4,000.00 as a residence/long term rental, quite a difference.

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Vacation rental rates and long term lease rates include two parking stalls, high speed internet, phone service with unlimited local and mainland phone calls, cable and water. Vacation rental rates also include electricity. (On a long term lease, the tenant pays the electric bill based on usage and the monthly association fees for the upkeep of the grounds. You don't need a gardener, lawn mower or pool maintenance person.)

Contact us for current short term and long term vacation rental and long term lease rates.

Beach Villas Condo Photo Slide Show: 2br/2ba, Long Term Rental Photos.

Beach Villas 360 panoramas (you can rotate the view): Long Term 2br/2ba Rental 360 Views.

Beach Villas at Ko Olina Common Areas, Panoramas (you can rotate the view):
Beach Villas at Ko Olina 360 Views of the Grounds.

Live or vacation in paradise! Give us a call or drop us an email.

Are you thinking about purchasing a villa at the Beach Villas at Ko Olina at the Final Sales Event in September, 2009? Should you buy? Here is the latest scoop.

Last week in Federal Court (August 13th, 2009), the Master Developer of the Ko Olina Resort, Jeff Stone lost his motion to stop Centex, the developer of the Beach Villas at Ko Olina from recharcterizing the limited common areas of our property into common areas. This allows Centex to take the areas such as the pools, grounds parking lots, etc. and turn these areas over to the homeowners via our homeowners association. This is through the process of converting the limited common elements into common elements.

The judge ruled that Centex was within their right to proceed with the change, based on the wording of the contract signed by the Master Developer and Centex.

With this said, the rental program front desk and the beach bar will continue to be under a long term lease (20+ years) to the Master Developer. In addition, the fitness center and owners lounge are currently slated to be owned by the Master Developer and are not part of the current proceedings.

Here is a copy of the court document:

Order Denying KOD Preliminary Injunction Motion (filed 8/13/09)

A big caviat, while I believe I have the best perspective of what's going on from being involved with the property in many different ways, I am not an attorney. The above referenced document and other documents that were signed between the Master Developer and the Developer of the Beach Villas along with the latest Condominimum Report filed with the State of Hawaii and the purchase agreement between you and Centex should be read, digested, interpreted and advised upon by a licensed attorney. Not just any attorney, but one you trust and who is very skilled in this type of work. I would be glad to speak with your attorney to help them make a better educated guess as to where all of this will end up and the risks and rewards offered.

As I continue to say, the developer wouldn't be offering an additional 35%-40% discount off of the already reduced prices if the situation was perfect and the economy wasn't in the dumps. As with any investment, you'll have to make an educated decision as to if this investment is better than another investment for your situation. A lot has to do with your own motivations and why you wish to be here at the Beach Villas. I can lend you my ear but ultimately, only you will know if this is the right fit for you.

If you wish to brain storm and get my perspective on "Should You Buy" based on my being a homeowner at the property, a licensed Hawaii Real Estate professional, a member of the homeowner group who brought all of these issues to see the light of day and who runs a successful rental operation at the property, give me a call or drop me an email.

Ko Olina Vacation Reservations available at: Beach Villa Resort Reservations.