Papakea Beach Resort
E komo Mai
Happy 4th of
July!! Thanks for visiting my website dedicated to the Papakea
We now have 9 units sold early this 2015 year. And
there are currently 2 units in escrow.
Inventory has increased in 2015, but the
market has gobbled up some of the new listings and inventory is
hovering around 21 units listed for sale.
The 2 units now pending are both oceanview one bedroom
units: 1 fee simple, and 1 leasehold.
We now have a new high
selling price for oceanview one bedrooms when #E-201
sold for $532,500 (FS). The previous high was #B-202 @
$440,000 (FS). The dramatic increase is because #E-201
was highly upgraded & totally renovated. It goes to show
that Buyers will pay a premium for highly upgraded units
and will leave the not so nice units on the market.
The latest news on the
fee simple interest held by an investment company,
Medusky & Co, is now
offering the fee interest for sale for a few months. The
word out too is that they won't be selling any
oceanfront fee interests and hold on them. Unit F-204, a
leasehold one bedroom on the market, lost some market
for a Fee Simple buyer won't be able to convert it.
Of course, Medusky & Co can always change their mind.
Just updated my newsletter, so please check the link to
my JULY 1, 2015
LISTINGS to see some pictures of the units and to
find out the current costs of ownership.
UNITS SOLD for updated sales prices and
FOR SALE to check out our current offerings. Got
questions? Let me know. Thank you.