Home for Sale at 66-84 KAUNAOA DR, KAMUELA, HI 96743

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66-84 Kaunaoa Dr
Kamuela, HI 96743

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Property Details

List Price:	$6,995,000
Beds:	2
Baths:	Full: 2
Status:	Active
SqFt:	1548 Square Feet
Agency:	Hapuna Realty

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Condominium
Year Built:	1993
Notes:	Developed as luxury condominiums in 2019, Hapuna Beach Residences at Mauna Kea Resort has quickly become extremely popular residences and a dream vacation destination on the Big Island of Hawaii. C24 is a very sought-after beachfront ground floor 2BR 2BATH unit with a private pool, on a quieter side of the complex. You will enjoy dramatic ocean and beach views, overlooking the Hapuna Beach. Being on the ground floor, C24 has direct access to the beach from your own lanai without taking an elevator. The unit is beautifully and tastefully furnished. It is vacation rental ready.<br /> <br /> The features include, but not limited to:<br /> - Beachfront ground floor location - walk out to the beach from your lanai!<br /> - Lanai with a private pool<br /> - Amazing, dramatic ocean views, overlooking the Hapuna Beach<br /> - Soft contemporary luxury finishes<br /> - Open kitchen with Quartz countertops, high-end appliances such as SubZeros, Wolf and Miele, high-end cabinetry<br /> - Coral stone and Shinoki paneling accent walls<br /> - European Oak engineered wood flooring, no carpets!<br /> - Living room with radius pocket doors<br /> - Motored shades and blackouts<br /> - Dornbracht hardware in kitchen and bathrooms<br /> - Asko front-load washer and dryer<br /> - Built-in closets in bedrooms<br /> - Dual vanity and free-standing bathtub in the primary bathroom<br /> - Toto toilets with sensor<br /> - Nest thermostats, 2-zoned<br /> - High speed internet included in HOA dues<br /> - Lutron support<br /> - Westin and Mauna Kea Resort amenity access via Club at Mauna Kea - restaurant discounts, beach & pool services, fitness, tennis & golf<br /> - Short Term Vacation ready<br /> - Storage locker<br /> - Sold furnished per inventory.<br /> <br /> Do not miss this rare opportunity!
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Listing Provided By:	Hapuna Realty, original listing
Phone:	(808) 557-8689
Office Phone:	(808) 657-4292
Agent Name:	Tomoko Matsumoto
Disclaimer:	Copyright © 2024 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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