Kai’ulani snapshot for Jan 30-31

Kai’ulani is the newest condo complex in Princeville and is undoubtedly the most luxurious and beautiful, with pricing to match. It is located at the end of Queen Emmas Bluffs Road, on a parcel which sits just beyond the Villas on the Prince. While looking at the MLS daily updates for the last two days, Kai’ulani caught my eye, in part because I had a call from someone currently in escrow on one of the units, wondering about the feasibility of putting it on the market once escrow closes. I didn’t think it was a good idea then and I still don’t as our market does not have the strength to support “flipping,” particularly at this price range.

Here are the Kai’ulani units that were on the daily update the 30th and 31st:

Copyright 1/31/2008 by Hawaii Information Service

NEW LISTINGS

203210 T A 0 4-5-3-6-22-20 FS $2,650,000 Kaiulani Of Princeville #20 2,864 #20 3/3.5

SALES

152058 T S 0 4-5-3-6-22-68 FS $895,000 Kaiulani Of Princeville #68 1,892 #68 2/2.5
SOLD 1/31/2008 for $898,250 (CNV) DOM 0

WITHDRAWN
206787 T W 413 4-5-3-6-22-50 FS $1,800,000 Kaiulani Of Princeville #50 2,443 #50 3/3.5

PRICE CHANGES
202550 T A 107 4-5-3-6-22-41 FS $1,590,000- Kaiulani Of Princeville #41 2,479 #41 3/3

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

Starting with the new listings: Unit #20 closed 11/30/07 for $1,985,180 from the developer. It is now listed 33% over this purchase price. Next up is the sale of unit #68 which is one of the smaller less expensive units. This is a developer’s sale for $898,250. Unit #50, also a developer’s unit, has been withdrawn after 413 days on the market. And finally there is a price reduction on unit #41 to $1,590,000 from $1,690,000. This unit started out at $1,899,000. This is getting close to what the seller paid for it, in this case the price was $1,609,050.

These are the units currently on the market:

Copyright 1/31/2008 by Hawaii Information Service

202550 T A 107 4-5-3-6-22-41 FS $1,590,000 Kaiulani Of Princeville #41 2,479 #41 3/3
194231 T A 295 4-5-3-6-22-43 FS $1,685,000 Kaiulani Of Princeville #43 2,443 #43 3/3.5
202473 T A 100 4-5-3-6-22-27 FS $1,899,000 Kaiulani Of Princeville #27 2,864 #27 3/3.5
206549 T A 6 4-5-3-6-22-3 FS $1,900,000 Kaiulani Of Princeville #3 2,843 #3 3/3.5
205973 T A 16 4-5-3-6-22-48 FS $1,900,000 Kaiulani Of Princeville #48 2,476 #48 3/3
203934 T A 75 4-5-3-6-22-22 FS $2,395,000 Kaiulani Of Princeville #22 2,864 #22 3/3.5
201156 T A 91 4-5-3-6-22-18 FS $2,500,000 Kaiulani Of Princeville #18 2,864 #18 3/3.5
203210 T A 0 4-5-3-6-22-20 FS $2,650,000 Kaiulani Of Princeville #20 2,864 #20 3/3.5

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

These are the units currently in escrow. They are all developer’s units:

Copyright 1/31/2008 by Hawaii Information Service

MLS DATA
MLS # Tp St DOM Taxkey Tnr Price Location Land area Details
152060 T U 0 4-5-3-6-22-71 FS $825,000 Kaiulani Of Princeville #71 1,901 #71 2/2.5
152059 T U 0 4-5-3-6-22-69 FS $835,000 Kaiulani Of Princeville #69 1,901 #69 2/2.5
152065 T U 0 4-5-3-6-22-61 FS $855,000 Kaiulani Of Princeville #61 1,781 #61 2/2.5
152066 T U 0 4-5-3-6-22-64 FS $855,000 Kaiulani Of Princeville #64 1,781 #64 2/2.5
152056 T U 0 4-5-3-6-22-65 FS $855,000 Kaiulani Of Princeville #65 1,901 #65 2/2.5
152053 T U 0 4-5-3-6-22-60 FS $870,000 Kaiulani Of Princeville #60 1,901 #60 2/2.5
151410 T U 0 4-5-3-6-22-57 FS $875,000 Kaiulani Of Princeville #57 1,901 #57 2/2.5
151413 T U 0 4-5-3-6-22-58 FS $875,000 Kaiulani Of Princeville #58 1,781 #58 2/2.5
152054 T U 0 4-5-3-6-22-62 FS $995,000 Kaiulani Of Princeville #62 1,901 #62 2/2.5
152095 T U 0 4-5-3-6-22-51 FS $1,650,000 Kaiulani Of Princeville #51 2,430 #51 3/3.5
152030 T U 0 4-5-3-6-22-12 FS $1,700,000 Kaiulani Of Princeville #12 2,873 #12 3/3.5
152075 T U 0 4-5-3-6-22-5 FS $1,750,000 Kaiulani Of Princeville #5 2,861 #5 3/3.5
152027 T U 152 4-5-3-6-22-9 FS $1,900,000 Kaiulani Of Princeville #9 2,864 #9 3/3.5
152028 T U 6 4-5-3-6-22-10 FS $1,900,000 Kaiulani Of Princeville #10 2,873 #10 3/3.5
152081 T U 0 4-5-3-6-22-16 FS $2,100,000 Kaiulani Of Princeville #16 2,861 #16 3/3.5

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

These are the sales in Kai’ulani – again all developer’s sales. Please note that the last two sales are the sale of the parcel where Kai’ulani is built. Personally, I would like to be the one who sold the parcel for $15M+ in 04 after purchasing it in 01 for $6M+. They always says it takes money to make money…….

Copyright 1/31/2008 by Hawaii Information Service

152064 T S 0 4-5-3-6-22-77 FS $825,000 Kaiulani Of Princeville #77 1,892 #77 2/2.5
SOLD 4/20/2007 for $826,530 (CNV) DOM 0

152061 T S 0 4-5-3-6-22-72 FS $875,000 Kaiulani Of Princeville #72 1,901 #72 2/2.5
SOLD 4/5/2007 for $857,270 (CASH) DOM 0

154055 T S 0 4-5-3-6-22-73 FS $875,000 Kaiulani Of Princeville #73 1,738 #73C 2/2.5
SOLD 4/5/2007 for $863,540 (CASH) DOM 0

152057 T S 0 4-5-3-6-22-66 FS $895,000 Kaiulani Of Princeville #66 1,901 #66 2/2.5
SOLD 1/11/2008 for $896,720 (CNV) DOM 0

152067 T S 0 4-5-3-6-22-67 FS $895,000 Kaiulani Of Princeville #67 1,781 #67 2/2.5
SOLD 1/11/2008 for $895,000 (CNV) DOM 0

152058 T S 0 4-5-3-6-22-68 FS $895,000 Kaiulani Of Princeville #68 1,892 #68 2/2.5
SOLD 1/31/2008 for $898,250 (CNV) DOM 0

152062 T S 0 4-5-3-6-22-74 FS $895,000 Kaiulani Of Princeville #74 1,892 #74 2/2.5
SOLD 4/5/2007 for $898,250 (CNV) DOM 0

152063 T S 0 4-5-3-6-22-75 FS $895,000 Kaiulani Of Princeville #75 1,892 #75 2/2.5
SOLD 4/20/2007 for $899,400 (CNV) DOM 0

152070 T S 0 4-5-3-6-22-76 FS $895,000 Kaiulani Of Princeville #76 1,738 #76 2/2.5
SOLD 4/20/2007 for $900,570 (CNV) DOM 0

152037 T S 0 4-5-3-6-22-23 FS $1,400,000 Kaiulani Of Princeville #23 2,873 #23 3/3.5
SOLD 10/19/2007 for $1,427,200 (CNV) DOM 0

152038 T S 0 4-5-3-6-22-24 FS $1,400,000 Kaiulani Of Princeville #24 2,873 #24 3/3.5
SOLD 10/26/2007 for $1,400,000 (CNV) DOM 0

152040 T S 0 4-5-3-6-22-26 FS $1,400,000 Kaiulani Of Princeville #26 2,873 #26 3/3.5
SOLD 10/31/2007 for $1,432,210 (CASH) DOM 0

151415 T S 96 4-5-3-6-22-39 FS $1,500,000 Kaiulani Of Princeville #39 2,476 #39 3/3
SOLD 3/7/2007 for $1,503,600 (CNV) DOM 96

152083 T S 73 4-5-3-6-22-44 FS $1,500,000 Kaiulani Of Princeville #44 2,479 #44 3/3
SOLD 3/7/2007 for $1,501,530 (CNV) DOM 73

152085 T S 226 4-5-3-6-22-48 FS $1,500,000 Kaiulani Of Princeville #48 2,476 #48 3/3
SOLD 9/19/2007 for $1,502,610 (CASH) DOM 226

152032 T S 45 4-5-3-6-22-25 FS $1,600,000 Kaiulani Of Princeville #25 2,873 #25 3/3.5
SOLD 10/31/2007 for $1,621,790 (CNV) DOM 45

152082 T S 67 4-5-3-6-22-41 FS $1,600,000 Kaiulani Of Princeville #41 2,479 #41 3/3
SOLD 2/21/2007 for $1,609,050 (CNV) DOM 67

152041 T S 28 4-5-3-6-22-27 FS $1,650,000 Kaiulani Of Princeville #27 2,873 #27 3/3.5
SOLD 8/21/2007 for $1,652,100 (CNV) DOM 28

152090 T S 0 4-5-3-6-22-42 FS $1,650,000 Kaiulani Of Princeville #42 2,443 #42 3/3.5
SOLD 2/21/2007 for $1,699,270 (CNV) DOM 0

152093 T S 0 4-5-3-6-22-47 FS $1,650,000 Kaiulani Of Princeville #47 2,443 #47 3/3.5
SOLD 9/19/2007 for $1,683,590 (CASH) DOM 0

152084 T S 173 4-5-3-6-22-46 FS $1,655,000 Kaiulani Of Princeville #46 2,476 #46 3/3
SOLD 3/14/2007 for $1,655,000 (CASH) DOM 173

152078 T S 0 4-5-3-6-22-14 FS $1,700,000 Kaiulani Of Princeville #14 2,861 #14 3/3.5
SOLD 1/18/2008 for $1,724,070 (CNV) DOM 0

152035 T S 0 4-5-3-6-22-21 FS $1,750,000 Kaiulani Of Princeville #21 2,873 #21 3/3.5
SOLD 11/16/2007 for $1,783,200 (CNV) DOM 0

152036 T S 0 4-5-3-6-22-22 FS $1,750,000 Kaiulani Of Princeville #22 2,873 #22 3/3.5
SOLD 11/16/2007 for $1,758,070 (CNV) DOM 0

151416 T S 302 4-5-3-6-22-40 FS $1,750,000 Kaiulani Of Princeville #40 2,430 #40 3/3.5
SOLD 2/9/2007 for $1,772,090 (CNV) DOM 302

152080 T S 0 4-5-3-6-22-15 FS $1,800,000 Kaiulani Of Princeville #15 2,861 #15 3/3.5
SOLD 12/14/2007 for $1,856,930 (CNV) DOM 0

152044 T S 0 4-5-3-6-22-29 FS $1,800,000 Kaiulani Of Princeville #29 2,864 #29 3/3.5
SOLD 7/31/2007 for $1,825,850 (CNV) DOM 0

152046 T S 0 4-5-3-6-22-31 FS $1,800,000 Kaiulani Of Princeville #31 2,873 #31 3/3.5
SOLD 7/16/2007 for $1,822,350 (CNV) DOM 0

152092 T S 37 4-5-3-6-22-45 FS $1,800,000 Kaiulani Of Princeville #45 2,443 #45 3/3.5
SOLD 3/13/2007 for $1,804,340 (CNV) DOM 37

152048 T S 0 4-5-3-6-22 FS $1,850,000 Hanalei 2,873 #33 3/3.5
SOLD 11/2/2006 for $1,850,000 (CASH, EXCH) DOM 0

152091 T S 0 4-5-3-6-22-43 FS $1,850,000 Kaiulani Of Princeville #43 2,443 #43 3/3.5
SOLD 3/14/2007 for $1,861,490 (CNV) DOM 0

152047 T S 0 4-5-3-6-22-32 FS $1,900,000 Kaiulani Of Princeville #32 2,873 #32 3/3.5
SOLD 7/6/2007 for $1,903,800 (CNV) DOM 0

152031 T S 0 4-5-3-6-22-17 FS $1,950,000 Kaiulani Of Princeville #17 2,873 #17 3/3.5
SOLD 1/3/2008 for $1,971,790 (CNV) DOM 0

154052 T S 0 4-5-3-6-22-18 FS $1,950,000 Kaiulani Of Princeville #18 2,873 #18 3/3.5
SOLD 10/31/2007 for $1,972,350 (CASH) DOM 0

152034 T S 0 4-5-3-6-22-20 FS $1,950,000 Kaiulani Of Princeville #20 2,873 #20 3/3.5
SOLD 11/30/2007 for $1,985,180 (CNV) DOM 0

152049 T S 0 4-5-3-6-22-34 FS $1,950,000 Kaiulani Of Princeville #34 2,873 #34 3/3.5
SOLD 6/29/2007 for $1,989,260 (1031, CNV) DOM 0

152050 T S 0 4-5-3-6-22-35 FS $1,950,000 Kaiulani Of Princeville #35 2,873 #35 3/3.5
SOLD 6/5/2007 for $1,975,940 (1031, CNV) DOM 0

152076 T S 125 4-5-3-6-22-6 FS $2,050,000 Kaiulani Of Princeville #6 2,861 #6 3/3.5
SOLD 11/15/2007 for $2,051,780 (CNV) DOM 125

152077 T S 28 4-5-3-6-22-13 FS $2,050,000 Kaiulani Of Princeville #13 2,861 #13 3/3.5
SOLD 1/4/2008 for $2,069,070 (CNV) DOM 28

154054 T S 104 4-5-3-6-22-28 FS $2,050,000 Kaiulani Of Princeville #28 2,873 #28 3/3.5
SOLD 8/20/2007 for $2,117,820 (CASH) DOM 104

152051 T S 0 4-5-3-6-22-36 FS $2,200,000 Kaiulani Of Princeville #36 2,873 #36 3/3.5
SOLD 5/31/2007 for $2,258,260 (CNV) DOM 0

152045 T S 0 4-5-3-6-22-30 FS $2,300,000 Kaiulani Of Princeville #30 2,873 #30 3/3.5
SOLD 8/28/2007 for $2,300,000 (CNV) DOM 0

151418 T S 0 4-5-3-6-22-38 FS $2,300,000 Kaiulani Of Princeville #38 3,327 #38 3/3.5
SOLD 5/15/2007 for $2,340,420 (CNV) DOM 0

152033 T S 799 4-5-3-6-22-19 FS $2,600,000 Kaiulani Of Princeville #19 2,873 #19 3/3.5
SOLD 11/30/2007 for $2,625,440 (CNV) DOM 799

151420 T S 0 4-5-3-6-22-37 FS $2,600,000 Kaiulani Of Princeville #37 3,406 #37 3/3.5
SOLD 5/16/2007 for $2,627,580 (CNV) DOM 0

30831 LN S 0 4-5-3-6-22 FS $6,300,000 Princeville 17.40 ac
SOLD 3/28/2001 for $6,300,000 (CASH) DOM 0

140221 LN S 0 4-5-3-6-22 FS $15,900,000 Princeville Lot #: 1 17.40 ac
SOLD 7/28/2004 for $15,900,000 (PMM) DOM 0

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed.

All said and done, Kai’ulani is a beautiful addition to the Princeville community,and will undoubtedly appreciate, but the days of overnight appreciation are long gone and the time of “years of appreciation” are here for now.

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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Aloha!

Elaine

Elaine Schaefer (R)
Broker in Charge
Certified Residential Specialist
Accredited Buyer's Representative
Graduate, Realtor's Institute

Cellular:
808.639.2935
Fax:
808.440.4552
Email:
soldonkauai@yahoo.com
Web:
KauaiRealEstateNow.com

RE/MAX Kauai
Princeville Resort Office
5-4280 Kuhio Hwy. Suite 203
Princeville HI 96722

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