Princeville condo (and house) update for the week of Oct 4th to Oct 10th

Aloha,

I mentioned going by the new Princeville Hotel this week to take some pictures of the renovations but got no further than the entry gazebo. Seems all “self parking” has been eliminated due to the “St. Regis” status. You used to be able to self park as long as you didn’t take any of the valet spots which were the first few rows. Now, there is “complimentary” valet parking ONLY. I have to say I don’t believe any valet parking is complimentary and the day I planned to drive in, I had nothing smaller than a $20. Plus, it probably would have taken longer for them to park then run and get my car again than it would have for me to take the pictures I wanted. So I made a u turn around the gazebo and left.

It used to be nice to self park in that lot then stroll along the bluff edge enjoying the ocean below or to walk out to the gazebo which marked the site where the German Anton Georg Scheffer attempted a takeover of Kauai by trying to build a village named after himself. As it turned out, he was run off the Island. Anyhow, I miss the self park aspect but as the gentleman in the gazebo said “It’s a St. Regis now….”

I found the St. Regis Princeville Resort website and learned that published room rates start at $525 and go up to $2800 a day. You can get a massage for 60 to 90 minutes starting at $165 to $240 or facial for $170 to $225. Never fear-I’ll take pictures another day now that I know the agenda….

On to your update:

Copyright 10/10/2009 by Hawaii Information Service

NEW LISTINGS
228178 T A 3 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
227970 T A 5 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
228362 T A 1 4-5-4-5-17-23 FS $499,000 Alii Kai Ii Hanalei #10G 1,037 #10G 2/2
228294 T A 3 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
228374 T A 1 4-5-4-5-23-55 FS $579,000 Plantation At Princeville #1421 1,318 #1421 3/3
228165 T A 5 4-5-4-12-10-27 FS $595,000 Emmalani Court #415 1,456 #415 2/2
228296 T A 3 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3
227839 T A 5 4-5-4-6-1-18 FS $825,000 Villas Of Kamalii #18 1,825 #18 3/3
228145 T A 5 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2

BACK ON THE MARKET
226523 T A 65 4-5-4-5-4-5 FS $219,000 Princeville Mauna Kai #5A 1,503 #5A 2/2

CONTINGENT SALES
208900 T C 527 4-5-4-5-4-12 FS $525,000 Ka’eo Kai Ph I #2B 2,100 #2B 3/3

UNDER CONTRACT
219219 T U 327 4-5-4-5-30-20 FS $325,000 Princeville Mauna Kai #D302 1,488 ##25 3/2

WITHDRAWN
227490 T W 27 4-5-4-6-1-58 FS $759,000 Villas Of Kamalii #58 1,761 #58 3/3
217023 T W 349 4-5-4-6-1-27 FS $845,000 Villas Of Kamalii #27 1,815 #27 3/3

TEMPORARILY WITHDRAWN
218883 T T 304 4-5-4-5-23-55 FS $557,777 Plantation At Princeville #1421 1,318 #1421 3/3

PRICE CHANGES
225402 T A 94 4-5-4-5-17-14 FS $497,000- Alii Kai Ii Hanalei #9F 1,037 #9F 2/2
210699 T A 520 4-5-4-5-24-31 FS $560,000- Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216921 T A 361 4-5-4-5-23-3 FS $639,000- Plantation At Princeville #121 1,318 #121 3/3
220840 T A 217 4-5-4-6-1-33 FS $849,000- Villas Of Kamalii #33 1,825 #33 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.

Looks like Nihilani is having a sale what with all the units that came on the market this week, starting with 14B. This Hoku unit sold from the developer on 3/06 for $591,102 and is listed well below that price at $475K, undercutting the developer’s price of $485K for their Hoku unit, 8B, which is the next new listing. This unit is down from the high of $699,200 when it was listed from 6/07 to 10/07. It was listed after that from 4/08 to 2/09 starting at $665,200 and reducing to $578K before it was withdrawn. Ali’i Kai 10G is back on the market at $499K, having been previously listed from 8/08 to 8/09 starting at $599K and reducing to $499K. It last sold for $129,500 in 6/89. Next up is another developer’s Nihilani unit, a Moana floorplan listed at $530K. This price is an adjustment from the last time it was listed from 4/08 to 2/09 when the price tag started at $690K and reduced to $630K during the life of the listing.

Plantation 1421 is not really a new listing but just a brokerage change. When agents change affiliation they typically take their listings with them. It was previously listed from 12/08 to 10/09 for $577,777 and comes back on this time without all the “lucky sevens” at $579K. 1421 last sold for $536,066 in 2/06. Next up is Emmalani Court 415 listed for $595K. It was listed from 9/06 to 12/06 for $875K and from 7/08 to 12/08 for $775K. This unit last sold for $610K in 5/05. We have another price adjustment on a developer’s Nihilani, unit 7C which hits the market this time at $650K for their largest model, the one level upstairs “Mahina.” 7C was listed from 9/07 to 1/09 starting at $829K and reducing to $754,200 before it was withdrawn from the market. This listing brings the number of Nihilani units on the market to 15 total. Here is the list:

Copyright 10/11/2009 by Hawaii Information Service

225956 T A 31 4-5-4-5-24-56 FS $425,000 Nihilani At Princeville Resort #19B 1,567 #19B 2/2.5
228178 T A 4 4-5-4-5-24-41 FS $475,000 Nihilani At Princeville Resort #14B 1,567 #14B 2/2.5
210598 T A 515 4-5-4-5-24-8 FS $485,000 Nihilani At Princeville Resort #3B 1,567 #3B 2/2.5
227970 T A 6 4-5-4-5-24-23 FS $485,000 Nihilani At Princeville Resort #8B 1,567 #8B 2/2.5
227263 T A 37 4-5-4-5-24-46 FS $498,000 Nihilani At Princeville Resort #16A 1,406 #16A 2/2
227872 T A 13 4-5-4-5-24-16 FS $499,000 Nihilani At Princeville Resort #6A 1,874 #6A 3/2.5
226115 T A 363 4-5-4-5-24-50 FS $517,000 Nihilani At Princeville Resort #17B 1,567 #17B 3/2.5
228294 T A 4 4-5-4-5-24-98 FS $530,000 Nihilani At Princeville Resort #33B 1,406 #33B 2/2
210699 T A 521 4-5-4-5-24-31 FS $560,000 Nihilani At Princeville Resort #11A 1,406 #11A 2/2
216359 T A 379 4-5-4-5-24-68 FS $575,000 Nihilani At Princeville Resort #23B 1,406 #23B 2/2
220974 T A 243 4-5-4-5-24-63 FS $599,000 Nihilani At Princeville Resort #21C 1,972 #21C 2/3
227167 T A 44 4-5-4-5-24-74 FS $599,000 Nihilani At Princeville Resort#25B 1,567 #25B 2/2.5
225391 T A 104 4-5-4-5-24-2 FS $639,000 Nihilani At Princeville Resort #1B 1,874 #1B 3/2.5
210691 T A 583 4-5-4-5-24-44 FS $648,000 Nihilani At Princeville Resort #15B 1,874 #15B 3/2.5
228296 T A 4 4-5-4-5-24-21 FS $650,000 Nihilani At Princeville Resort #7C 1,972 #7C 2/3

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

Remember, this is the only complex to offer four different floor plans, two of which had the option of an extra bedroom if selected during construction, so be sure to check the square footage to be sure which floor plan you are viewing. For example, in the list above, 17B shows as a 3 bed/ 2.5 bath but it is a Hoku with the conversion of the family room to a third bedroom and not the standard Makani floor plan. Makani has 1,874 sqft. Next up is Villas of Kamali’i 18, listed for $825K and purchased for $630K in 1/04. The final unit is Pu’u Po’a 103 which was recently withdrawn and is now with a new agent with a new low price of $999K. This unit was listed from 10/06 to 6/07 at $1,899,900 and from 3/09 to 9/09 starting at $1.259M and reducing to $1.179M during the life of the listing. Here are all the Pu’u Po’a’s on the market:

Copyright 10/11/2009 by Hawaii Information Service

228145 T A 6 4-5-4-12-11-3 FS $999,000 Puu Poa #103 1,771 #103 2/2
225541 T A 97 4-5-4-12-11-46 FS $1,095,000 Puu Poa #404 1,352 #404 2/2
202256 T A 701 4-5-4-12-11-7 FS $1,450,000 Puu Poa #107 2,065 #107 2/2

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

For some unknown reason, Mauna Kai 5A is back on the market this week even though it showed as having sold on 9/28/09 for $219K. This unit is a bank foreclosure so maybe there was a problem somewhere that prevented the sale of the unit. I don’t know.

Ka’eo Kai 2B finally found a buyer and went into escrow listed at $525K after 527 days on the market. This unit sold for $240K in 4/01. Mauna Kai 25 also went into escrow listed at $325K with 327 market days. This unit sold for $585K in 8/07.

Two Villas of Kamali’i units were withdrawn: units 58, listed for $759K and purchased for $432,155 in 5/03 and unit 27, listed for $845K and purchased for $465 in 11/03. Plantation 1421 shows as temporarily withdrawn prior to being relisted with the new brokerage.

There were only a few price changes this week. Ali’i Kai 9F, purchased for $560K in 9/05 went from $519,900 to $497K. The developer’s Nihilani unit 11A adjusted downward from $620K to $560K while Plantation 121, an agent owned unit purchased for $488,993 in 5/05 reduced to $639K from $645K. The final price change is Villas of Kamali’i 33, which went from $879K to $849K. This unit last sold for $649K in 7/04. Now on to your Princeville home update:

Copyright 10/10/2009 by Hawaii Information Service

NEW LISTINGS
219774 RS A 5 4-5-4-13-65 FS $710,000 3717 Albert Rd 12,762 sqft 2,377 3/3
228327 RS A 1 4-5-4-18-5 FS $950,000 4156 Mahina Pl 12,194 sqft 1,668 3/2
228196 RS A 5 4-5-4-10-41 FS $1,495,000 5322 Honoiki Rd 10,146 sqft 2,195 3/2.5

BACK ON THE MARKET
223132 RS A 151 4-5-4-16-71 FS $779,000 4381 Emmalani Dr 12,127 sqft 1,170 2/2

CONTINGENT SALES
206198 RS C 627 4-5-4-17-21 FS $999,000 4914 Emmalani Dr 10,500 sqft 3,238 4/3.5

SALES
223366 RS S 133 4-5-4-15-1 FS $471,900 3995 Kamehameha Rd 10,244 sqft 2,117 3/2
SOLD 10/9/2009 for $453,000 (CASH) DOM 133

225957 RS S 10 4-5-4-18-31 FS $695,000 4226 Kina’u Pl 11,078 sqft 3,496 4/5
SOLD 9/29/2009 for $685,000 (CNV) DOM 10

PRICE CHANGES
224862 RS A 102 4-5-4-13-63 FS $679,000- 3737 Albert Rd 10,665 sqft 2,219 3/2
224854 RS A 120 4-5-4-19-19 FS $698,800- 5086 Napo’okala Cir 15,326 sqft 2,206 3/3
218770 RS A 306 4-5-4-16-77 FS $799,000- 4117 Kekaulike Ln 10,650 sqft 3,100 3/2.5

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

I have my own update this week which is that I am leaving this Friday 10/16 for a week in an overwater bungalow in Bora Bora. Originally planned as a 60th birthday present to myself it changed in a very wonderful way when my significant other proposed to me on the second anniversay of our meeting. He was open to any type of wedding I wanted, at any time, at any place and I decided to make my birthday getaway our marriage and honeymoon. So — for my 60th birthday on 10/20 I am getting a husband in a ceremony set on the beach at sunset in Bora Bora. We return all too soon mid morninng on Saturday October 24th.

If you have questions about real estate please ask them now, or after the 23rd. If you will be on Island during that time, I’m sorry I will miss seeing you. If you need the services of a real estate agent while you are here, I’m happy to refer you to another agent. Agents – if you call between 10/16 and 10/23 for a showing please check the listing for who to call. I will be checking messages but I will be doing so infrequently as you might imagine. That’s all the update for this week.

Have a wonderful week- and I’ll see if I can manage to valet park at the hotel and get you some pictures.

Aloha Elaine

Over the water bungalows at Bora Bora Lagoons Resort

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge – Princeville Resort Office
Certified Residential Specialist
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: http://blogs.alohaliving.com/princeville-condo-sales/

……you can have your own piece of paradise
ask me how!

October 11th, 2009