Kauai Real Estate and Local News Update

Another Good Real Estate Week For Kauai

This was another great week of a substantial number of properties going under contract followed by a nice number of properties that were reported as sold!  The sale that caught my eye was an estate that was sold at a “luxury auction”.  This 6,015 square foot home was situated on 5.79 acres on the north shore.  It was bought for $3.5 million in 2001.  The auction was really hyped up with pre-auction press material, post cards etc.  The starting bid was $2 million and list price was $9,995,000.  When the dust cleared it sold for $3,192,000, CASH!!!!

And on a smaller scale we had our own great week for sales.  To access a list of what went into escrow, sold  and just got listed last week  CLICK HERE FOR SPREADSHEET

Grand Hyatt Kauai and Poipu Bay Golf Course Renovating

On Wednesday night my husband and I went to one of our favorite places here on the South Shore; Yum Chas to have dinner for the last time for many months.  Yum Chas, the Poipu Bay Golf Course and one wing at the Grand Hyatt will be closing for major renovations that will last into later this year.  The Grand Hyatt will close one wing of their rooms on April 12 and after that is renovated close the other wing.  The Poipu Bay Golf Course, which used to host the famous Poipu Grand Slam golf event, will undergo green replacement.  

The restaurant was busy with people getting one last meal in as we overlooked the 18th green where we could see the last of the golfers playing out their rounds.  We will very much miss the restaurant but it’s exciting to see the Grand Hyatt positioning themselves for 2011.

Cockfighting Resolution Killed in the House

The Hawai‘i lawmakers killed a resolution proposed by Democrat Manahan from Oahu that would have recognized the cultural merits of illegal cockfighting thus making it a legal “sport” here in Hawaii.  Tourism, Culture and International Affairs Committee Chairman Rep. Joey Manahan says there weren’t enough votes in the full House to keep the measure alive after it had been approved on a 4-2 vote in his committee Monday.

The Democrat says he’s disappointed the measure didn’t advance because cockfighting enthusiasts put so much effort and enthusiasm into getting official recognition from Hawai‘i’s elected officials. 

Wind, Wind and More Wind

All this week there has been a huge high-pressure system over the islands that have been bringing us 20 to 30 mph winds with gusts up to 60 mph.  We’ll have periods of time where we have the normal trades and then the system would come closer to the islands and the winds would come back.  Wind swung power lines would cause power outages across the state on and off all week.  The rain would dominate a good part of one day and not the next.  In short this entire last week has been a mixed bag!

Easter Day at Kiahuna Plantation

Every year the Kiahuna Plantation invites visiting keiki and their parents to join in a Easter Egg hunt on the lawns of the Kiahuna.  The groups are divided by age to keep the competition of finding the “Golden Egg” within each age group fair.  Children that are staying at any of the resorts or living in any of the neighborhoods are invited.  The goal of the hunt is to find the Golden Egg and which is redeemed for a super deluxe Easter Basket.  The Easter Bunny is also on hand for photo ops. 

We had no idea what kind of weather we would be getting but, fortunately, it was clear skies for a record turn out of over 250 kids and adults!

First Time HomeBuyer Credit Deadline Closing In

Considering taking advantage of the HomeBuyer tax credit?  Your time frame is running out but there is still time if you move fast.  The National Association of Realtors says to:

  1. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract in place by April 30, 2010 with a closing date no later than June 30, 2010.
  2.  Decide whether to: 
  • apply the credit to your 2009 tax return, filed on or before April 15, 2010;
  •  file an amended 2009 return; or, 
  • apply the credit on your 2010 return, filed on or before April 15, 2011.
  1. Attach documentation of purchase to your return

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