As of the date of this posting there are 11 oceanfront properties up for sale in the Beachside area of Kailua. This fantastic area is home to some of the nicest beaches on Oahu, and some of the most spectacular homes in all of Hawaii. The size of these properties range from 1,631 living sq. ft. to 8,373 living sq. ft. They are priced from $3,998,000 to a high of $24,500,000. The biggest asset by far is the gorgeous beach that you have access to. If you ever feel like living out your own Corona commercial this is the place to do it.
Even when you go inside these homes it's tough to leave the beach behind, and thankfully most of these homes have been wonderfully designed to capture the beauty of the ocean from all vantage points.
If you would like a full comprehensive list of properties that are available in Beachside or anywhere in Hawaii please feel free to contact me and I will be happy to provide you with everything that is for sale. If you are off island and photos of properties will not due, please inquire about my video previewing services that are free and offer you a more detailed first person viewpoint. I specialize in going above and beyond for my clients to deliver exceptional results.
Brought to you by: Rob Gerichs - RE/MAX Honolulu
Going Above and Beyond
(808) 284-4441 ~ www.HawaiiRob.com ~ Rob@HawaiiRob.com
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Well, aside from the rare fire sale due to extreme matters that may force some owner of a condo to sell way below market, I'm here to tell you that finding something in Waikiki that is dirt cheap or for that matter far below market is a tough thing to do right now. The factors at play are a key ingredient.
As you know, Hawaii is a U.S. Dollar based economy. If you are a holder of that dollar your buying power has been shrinking ever so slowly for the past few years. However, while the purchasing power of some dwindles that means there is a rise in the purchasing power of others. Canada, Japan, Australia, China, and the European countries have been some of those mentioned whos purchasing power has continued to climb. I bring up those countries because they have a large part in ownership of Waikiki condos. See my blog on buyers from Canada. Buying U.S. property is a great way for people holding those respective currencies to make a play on making money via a currency correction in the future along with future price appreciation.
From my standpoint if I were from outside of the United States it would make pretty good sense to me investing in the U.S. right now. Why not put your bet on the U.S. dollar recovering? It has only been the the fuel for the worlds strongest consumer based economy the world has ever seen. Everything goes in cycles, buy the currency when it's low and sell it when it's high.
Waikiki is also a high demand area where people want to own property. So, Waikiki is protected a little by the theory of Supply and Demand. And even though Waikiki is always bringing on more supply it keeps getting eaten up by hungry buyers. This building below is a high end development called the Watermark. It still has to be completed, but it's virtually sold out.
Another reason why Waikiki is a little more stable is because the wild and crazy loans that were taking place on the mainland were a little more limited here. Mainland lenders do not really flourish here in Hawaii. Although Countrywide has a large presence here most of the lending is done by Hawaiian banks who have different lending requirements.
I keep my eyes open at all times for "dirt cheap" properties, but taking the above into consideration you can see why I don't come across them very often. It is a great time to buy and if you are interested in owning your own piece of Hawaiian property please give me a call and I'll let you know what I can do to make it a reality.
Brought to you by: Rob Gerichs - RE/MAX Honolulu
Your All Oahu Real Estate Agent
(808) 284-4441 http://www.hawaiirob.com/ Rob@HawaiiRob.com
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Not only is Hawaii Loa Ridge home to one of the best neighborhoods on the island of Oahu, but it's home to great hiking also.
In the neighborhood of Hawaii Loa Ridge you will find some of the most exquisite homes with breathtaking views. See for yourself, I've included a video link for a walk through I did on a property that a client is considering. If you are looking for a secured neighborhood with gorgeous views all the way from Portlock to Diamond Head this is your neighborhood.
Since Hawaii Loa Ridge is about as secure as Fort Knox you'll need to make sure that you show up early in the morning if you want to get in and go hiking (they only allow 10 non-resident vehicles at a time). You'll also need to have a Hawaiian resident in the car with you who has a Hawaii drivers license. After you get through all of the formalities just take the nice long drive up the hill and you'll happen upon the trail head where the views are already fantastic (Diamond Head in the distance with the Gold Coast to the right and Kahala to the left).
Along the way you'll be able to enjoy more of the fantastic views this ridge has to offer.
At the end you should have a fabulous view. I say "should" because my wife and I have not yet been lucky enough to make it to the top. Our good ol' friend Mr. Rain made our descent a little premature. Note, It generally rains around midday, so if you don't want to go down the hill via slipping and falling because of the mud then I would suggest you embark upon your hike by 10:00am. If you're still wondering what the view looks like from the top then you'll have to visit this hiking site because they apparently did what I was not fortunate enough to do... reach the top.
Brought to you by: Rob Gerichs - RE/MAX Honolulu
Your All Oahu Real Estate Agent
(808) 284-4441 http://www.hawaiirob.com Rob@HawaiiRob.com
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Discovery Bay is a twin tower complex on the western side of Waikiki. The two towers, The Endeavor and The Resolution, are made up of over 660+ units. The units range from studios to two bedroom units and are quite spacious when compared to other Waikiki condo's. All units come with parking.
Studios - 464 sq. ft.
1 bedroom - 770-852 sq. ft.
2 bedroom - 1,081-1,897 sq. ft.
Discovery Bay Center offers residents a multitude of shops on the lower levels. There are a handful of eateries, a coffee shop, clothing boutiques, car rental agencies, and even a liquor store. Even in the surrounding couple of blocks you have a grocery store, convenience stores, and nice dining opportunities.
The spacious pool deck is a great place to meet up with the other residents of Discovery Bay. There is a nice sized pool with large hot tub. Close to the pool you will find workout and cardio exercise rooms. The pool deck is well stocked with lounge chairs and you will never have to worry about a shortage. The building does not get much short term seasonal traffic, so the people you see in the building today will most likely be around for quite a while. There is a friendly and quiet nature to the building that makes it perfect for enjoying a peaceful Waikiki day.
If you get tired of the pool the beach is only one block away. Just saunter past the famed Ilikai or Hilton Hawaiian Village and you'll be right at one of the best beaches on Oahu.
I've filmed a video walk through of to help familiarize you with this great building.
A few Discovery Bay notables:
As of the publish date of this blog the building is currently Leasehold. The association has purchased 62% of the fee and is trying to purchase the remaining ownership interests from the final lessor.
Brought to you by: Rob Gerichs - RE/MAX Honolulu
Your All Oahu Real Estate Agent
(808) 284-4441 www.HawaiiRob.com Rob@HawaiiRob.com
I've recently received calls from friends and family asking me how to find pre-foreclosure and foreclosed properties. After I talked to them I had to sit back and think for a minute as to how these two types of foreclosure properties have changed.
In my mind they use to be good deals, but now they seem to be a waste of time (as far as Hawaii and Idaho go). I myself have purchased both pre-foreclosure and foreclosed properties. I got great deals on them at the time, but when I look now I just find the pre-foreclosures to be over mortgaged. So far over mortgaged that even if the lender accepted an offer at their minimum levels (through a short sale) that they would still be over priced.
The foreclosed properties that go to auction are either priced too high and attract no buyers or are priced decently and attract a few investors who soon bid them up to current market prices. If the lender lists the property with a real estate agent the agent puts them right where they should be, at current market levels.
What does that mean? For too long foreclosure's have been seen as a way to get a bargain basement price on property. Unfortunately, from my viewpoint it's not the case anymore. Not to fret, now is the time to just be a little more creative and focus on the primary characteristic of finding good deals. That being MOTIVATED SELLERS. Foreclosure's are not the only reason for a seller to be extremely motivated. Think hard and you should find 5-10 scenarios that lead to motivated sellers. When you find them get yourself a great agent and go to work!
Remember, if you are an investor there is one rule that should protect you at all times. That is, make your money when you buy the property, never count on the market to make it for you.
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Helping both buyers and sellers, from the first time home buyer to the seasoned investor. I put my clients first and use my knowledge along with a hard working attitude to deliver a great experience.
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