North Kona Home Sales

DIVE FRIENDS CAN SKIP real estate by using selecting Diving Kona Side on the side bar.

THIS IS THE FIRST AFFORDABLE new housing I have seen Kona side for several years. Built under a County affordable housing program but not restricted to low income – these condos are first come. CAN YOU TELL I’M EXCITED! For several years I’ve watched for this type of property. Owner-occupants can make reservations right now. Some of the condos will be ready for occupancy June-July and August.

SEASCAPE CONDOMINIUMS have two bedroom, two baths, 1010 sqft plus a small private lanai. They have 9 foot ceilings, ceiling fans, stack washer/dryer, built-in microwave, sound and thermal insulation, solar hot water (the solar tax credit is available to the buyer). The HOA fees are scheduled to be $205/mo.

$5000 IS REQUIRED TO RESERVE these units – right now there are 16 units available in 5 two-story buildings, including 2 units that are ADA compatible. A lender’s pre-approval letter is required at the time of reservation. The deposit will be refunded if cancelled within the first 30 days. At the end of 30 days, the buyer will escrow additional funds. In lieu of additional funds, the developer may accept firm confirmation from a lender showing no more funds will be required. The builder is working on VA approval right now. If you have not spoken with a lender, I can give you a list of nice “have no fear” people to work with.

THERE WILL BE A SECOND PHASE later but for now – 16 lucky people will become homeowners. The location is just mauka of the Natural Energy Labs. Seascape Condominiums will be accessed through Lokahi Makai. Since construction is underway, showings are by appointment – but I can get you in to look them over within an hour or two.

WHAT’S THE CATCH? The affordable home program the builder is working under calls for a deed restriction that caps the profit a homeowner may make on the sale of one of these condos for the first 10 years. During that time, we were told, you can sell them for costs + the cost of any capital improvement + the accumulated annual cost of living increases. Still much better than you will realize when you reach the end of a rental lease – don’t you agree?

CALL NOW IF YOU THINK THIS is what you’ve been looking for. 808-443-4302

FOR MORE INFO AND PHOTOS While these are not my listings if you would like me to assist you as your Buyer’s Representative on any of these listings, please contact Joyce@KonaBigIsland.com or make your request below in a comment.

Joyce Murphy, Realtor Broker BIC
Accredited Luxury Home Specialist
Hawaiian Isle Real Estate LLC and Luxury Real Estate Florida, Inc.
“In Real Estate, Experience Counts!”
808-443-4302 / 808-327-1155
More Kona Real Estate Information at:
www.LuxuryRealEstateHI.com
In this page not only will you see properties represented by Joyce Murphy, but also properties represented by other members of Hawaii Information Service. This information has been supplied by third parties and has not been independently
verified by Hawaii Information Service and is, therefore, not guaranteed.

Filed under: Real Estate Information