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Koloa District Properties Stack Up Best When Factoring Investment Stability & Quality of Life Combinations.

When the tides officially change for the up turn of the Hawaii real estate market, favorable days await for those who responded to the deeply discounted Kauai real estate that has now become available. It may be hard to see it now, but the day will come soon when we all wake up and realize the supply of quality inventory at great prices in paradise has vanished. As it stands now in our current local Kauai real estate market, it’s a really great time for cash holders & qualified buyers to be on the hunt for unbelievable deals. The chances of you finding an incredible investment opportunity is now better than ever.

If your reading this, you most likely have visited Koloa before and been drawn to the idea of investing here. Without a doubt you picked up on Koloa’s beauty from any vantage point. Since mostly sunny with isolated showers, highs of 76 to 85 with east winds 5 to 15 mph and a 20 percent chance of rain are the norm, it’s safe to say that the Koloa Poipu area has nearly perfect weather.  There is no question we have plenty of rolling hills and various topographies. From black mountain running down through the tree tunnel and on up through Lawai to Kalaheo are some of the most beautifully arranged acreages in the world. It’s this natural unsurpassed beauty, rolling hills, near perfect weather and variety in real estate parcels and structures near the beach that connect to the Koloa/Poipu area as being the solid real estate investment it is.

Since Koloa has nothing that resembles your ordinary track home developments found on the mainland, a lot more goes into determining current market value for most Kauai real estate than does on the mainland. For instance, to determine a property value on the mainland, we could look to sales of nearly identical properties from which many come from the same tract or the same street. Ocean Rock Properties has the Kauai real estate experience and knowledge that is required to navigate prospective Buyers through to the most rewarding purchases possible. We continue to go the distance and examine the Kauai real estate market with a patient and discerning eye.

Koloa/Poipu real estate is within close proximity to destinations of value including but not limited to; word class beaches & surf spots within 0 to 15 minutes, Kauai Community College (many recent expansions) (KCC) 10 to 20 minutes, Kukui’ula Village Shopping Center 0 to 15 minutes, Wilcox Hospital 15 to 25 minutes, new post office & multiple grocery options coming soon 0 to 15 minutes, Lihue airport 15 to 30 minutes, Costco/Home Depot/K-Mart/Walmart/Kauai Humane Society/Borders/Longs/Macy’s and the Kukui Grove Mall 12 to 25 minutes. If you compare Koloa real estate to any other real estate in Hawaii, the Koloa district will be at, or near, the top of your charts for many reasons.

Furthermore, the Koloa district has undergone many enormous changes within the last 5 years. The most noticeable is the Kukui’ula development progress. From the looks of it, the company is doing a wonderful job in it’s attempts to connect the existing living environment with the quaint and quiet feel of the existing Koloa and Poipu areas. This project is currently changing the face of the south shore for the better in a big way. There have been talks of a new medical clinic in the works (Kukui’ula Village Center), Kukui’ula Village Shopping Center. Major infrastructure, shopping and community center additions and restorations have been underway in Koloa.

For more information about Koloa/Poipu real estate, please contact Branden Shumate of Ocean Rock Properties at (808) 346-1895. Current listing updates with complete MLS details and photos of each listing are available upon request.

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Kiahuna Plantations at Poipu Beach • Kauai • Hawaii

Wow is what you will be telling yourself the moment you approach the unprecedented tropical garden paradise of Poipu’s beautiful Kiahuna Plantations.  Not only is Kauai thought of as one of the most beautiful islands IN THE WORLD by the readers of Travel and Leisure Magazine, but in reality, Kiahuna Plantations is one of the many spellbinding tropical enchantments that make the Garden Island of Kauai what it is.

Kiahuna Plantation occupies a commanding beachfront property in Poipu on the sunny south side of the island.  The layout of this picture perfect paradise by the sea is a flashback of Hawaii’s 19th-century plantation past.  The atmosphere is extremely relaxed and carefree.  Swaying palms, shade trees, spectacular weather and warm water are to be expected.  Watch the whales pass all day long while you slowly enjoy a shave ice in the sand!  A pristine stretch of white sand beach invites you to swim and snorkel in the clear blue Pacific.

Historic Koloa Town, the Grand Hyatt and many world class beaches are just a few minutes away.  Explore more of Kauai with a scenic drive west to Waimea, or east to Lihue, the Wailua River, Kapaa Town, and Hanalei on the north shore.

Description of Project:

1. Kiahuna Plantation has 304 units & 430 parking spaces
2. Kiahuna Plantation is a lease hold property
3. The projects documents allow for short-term rentals
4. The association has a lease for off-site tennis courts and swimming pool access
5. There are no time share operations on the property
6. The AOAO does not manage units or provide daily cleaning services
7. The AOAO took control of the property over ten years ago
8. The percentage of delinquent owners is less than 2% and there are no known foreclosures within the last twelve months
9. The property is in a flood zone and carries flood insurance that meets the legal requirements
10. The insurance agent/agency is Insurance Associates, Inc. (808)526-9271

Residential Units

1. Number of units that are primary residence:  < 5%
2. No accurate information is available on how many are used as second homes or are used for investment purposes, but the majority of units are used as short-term rentals.

Commercial Units

Commercial units on property include guest registration, restaurant, and activity desks.

Development:

1. All common areas and amenities are 100% complete.
2. No expansion authorized at this time.

OWNERSHIP EXPENSES

Units #1 through #29 (Buildings #1 – #6):

Association Management:	Castle Resorts & Hotels, Tel: (808)742-2200 Roy Thompson, General Manager
Association Fees include:	Common Area Building and Grounds Maintenance, Common Area Insurance, Repair Reserve Fund ($250,000), Owner’s Liability Insurance ($1,000,000), Owner’s Contents Insurance ($20,000), Owner’s Business Interruption Insurance ($50,000), Security, Cable TV (Basic Service), Refuse Removal, Water, Telephone Switchboard and Electricity
(Phase I)	Units 1 – 29	$1,371.00
Other Expenses:	Wastewater TreatmentTennis & Pool Beach Hut Real Property Tax (see below) Lease Rent (see below)	$28.46 (1 BD) $56.92 (2 BD) $90.20 $10.00 Varies Varies

Units #30 through #448 (Buildings # 7 – #42):

Association Management:	Outrigger Hotels & Resorts, Tel: (808)742-6411 Ron Morin, General Manager
Association Fees include:	Common Area Building and Grounds Maintenance, Common Area Insurance, Repair Reserve Fund, Security, Cable TV (Basic Service), Refuse Removal, Water and Telephone Switchboard
(Phase II) (Phase III-A) (Phase III-B)(Phase IV) (Phase V)	Units 30 – 200 Units 201 – 231 Units 232 – 249 and Units 319 – 336 Units 301 – 318 Units 401 – 448	2009 $1,080.00 $1,080.00 $1,080.00$1,080.00 $1,080.00
(Phase IV) (Phase V)	Units 301 – 318 Units 401 – 448	$1,080.00 $1,080.00
Other Expenses:	Wastewater Treatment Tennis & Pool Electricity Real Property Tax (see below) Lease Rent (see below)	$25.84 $98.10 Varies Varies Varies

LEASE RENT (All Phases): Individual apartment lease rents vary. Units pay a monthly minimum and additional percentage rent. Units are on individual apartment leases and Buyers, per state law, shall receive a copy of the lease and a lease summary for review and approval.

REAL PROPERTY TAX: Real property tax equals approximately 1% of the value of a unit, and is payable in semi-annual installments in February and August.

OWNERSHIP EXPENSES VERSUS RENTAL:The monthly Association fees and other expenses noted above are separate from rental matters. Some homeowners elect to rent their units to offset their expenses. The information presented above does not address rental matters. For further rental details, consult with your realtor and/or the onsite rental companies.

Kiahuna Plantation is located at:
2253 Poipu Rd.
Koloa, HI  96756

TMK (tax map key) info:
Phase II – Kauai TMK# 2-8-017-009; TCT No. 863,306 and 865,307
Phases III-A and IV-A – Kauai TMK# 2-8-016-007; TCT No. 248,934
Phase III-B – Kauai TMK# 2-8-014-018; TCT No. 796,538
Phase V – Kauai TMK# 2-8-017-010; TCT No. 485,517

This information is subject to change without notice.<

For more information about this property, and a current PHOTO listing update with complete MLS details of each listing on the market, please use this form below and drop us a note.