Nihilani – Final release prices vrs. resales + Poipu’s Pili Mai
Aloha,
I think most of you are familiar with Nihilani at Princeville – one of the newer condo developments in Princeville. This complex shares the center of Pepelani Loop with The Plantations, a complex built a year or two earlier. Nihilani is the only complex to offer 2 car garages with the exception of Kai’ulani, which is priced over $1M. What you may not know about Nihilani is that sales were brisk when the first several releases came to market, which was back in 05. Now, like everything else, interest in Nihilani has waned to the point that those trying to resell have had to offer substantial price reductions to attract buyers.
Nihilani has apparently restaffed their sale team as I recently received a current price sheet for the final release of Nihilani as well as a price sheet for their second Kauai project, Pili Mai down in Poipu. I hadn’t heard anything on this second project for so long I didn’t know if it had been shelved or what. But I digress..
Attached here brookfield-nihilani-price-lst-1-7-08.pdf is the Developer’s price list of the final phase of Nihilani. When you open it, you will notice that the 2 bed 2.5 bath Hoku model with 1,567 sqft starts at $699,200 and goes up to $730,800 based on location. The largest unit, the 2 bed 3 bath 1,972 sqft Mahina goes from $829,000 to $929,500, the popular 3 bed 2.5 bath Makani is from $794,000 to $884,000 and the smaller downstairs 2 bed 2 bath 1,406 sqft Moana starts at $657,000 to $749,000.
For comparison, here are the resales currently on the market:
Copyright 1/8/2008 by Hawaii Information Service
190750 T A 342 4-5-4-5-24-62 FS $630,000 Nihilani At Princeville Resort #21B 1,400 #21B 2/2 (moana)
198758 T A 172 4-5-4-5-24-8 FS $699,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5 (hoku)
200674 T A 129 4-5-4-5-24-4 FS $716,000 Nihilani At Princeville Resort #2A 1,406 #2A 2/2 (moana)
200223 T A 138 4-5-4-5-24-40 FS $789,000 Nihilani At Princeville Resort #14A 1,874 #14A 3/2.5 (makani)
202645 T A 83 4-5-4-5-24-48 FS $794,750 Nihilani At Princeville Resort #16C 1,972 #16C 3/3 (mahina)
201267 T A 113 4-5-4-5-24-87 FS $799,000 Nihilani At Princeville Resort #29C 1,874 #29C 3/2.5 (makani)
200673 T A 129 4-5-4-5-24-21 FS $829,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3 (mahina)
198480 T A 169 4-5-4-5-24-13 FS $835,000 Nihilani At Princeville Resort #5A 1,874 #5A 3/2.5 (makani)
194193 T A 272 4-5-4-5-24-39 FS $835,000 Nihilani At Princeville Resort #13C 1,874 #13C 3/2.5 (makani)
This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.
I indicated the floor plans next to the various resales so you know what’s what for the sake of comparison. I’m sure you can tell from the market time on the resales that reductions will be in order if they hope to attract buyer’s attention, which will most likely bring them down below developers offering, if they are not there already.
It will be interesting to see what incentives the developer is able to offer to buyers in order to divert them from the resales and bring them over to the their properties. A site map is also attached here nihilani-site-map.pdf for your review, as price is always influenced by the unit locaton within the complex.
…And if Poipu and Pili Mai is more to your liking, I’ve attached that price list here brookfield-pili-mai-price-list-1-7-08.pdf also. Please let me know if more information on either complex is of interest.
Aloha, Elaine
Elaine Schaefer (R, GRI, ABR)
Broker in Charge – Princeville Resort Office
Graduate, Realtor’s Institute
Accredited Buyer’s Representative
Top Producer 100% Club
RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.kauairealestatenow.com
blog: www.blogs.alohaliving.com/princeville-condo-sales
……you can have your own piece of paradise
ask me how!
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