There were two recent oceanfront home sales in Kailua during the summer season that reflect Buyers faith that Hawaii is still a great place to live or to purchase property for real estate investment.
Both home were in the Kainalu Park neighborhood with wide sandy beach frontage. The home on Kailuana Lp. has 6 bedrooms, and 6.5 baths and is situated on over 30,000 sq.ft. of land with 125 linear ft. of beach frontage.The list price for this home was $6,495,000 and the actual price it sold for was $6,200,000, or 95% of the asking price.
The second property located on Kailuana Place, at Castle Point was situated on over 2 acres of land with 314 linear feet of beach frontage and has 2 homes on the property; a 4 bedroom, 4.5 bath home and a newer 3 bedroom, 2 bath guest cottage. The list price for this property was $12,800,000 and the actual sale price was $11,000,000 or 86% of the asking price.
There are currently 16 ocean/beachfront homes on the market in the Lanikai, Beachside neighborhoods of Kailua. They range in price from $4.1M up to $23.7M. The average price for these properties is $8.697M. If you are searching for a Hawaii property to call your own, whether it be on or near the ocean, mountains or city lights, please consider Trinity Proprties Sales Team for your real estate needs. We have over 20 years of sales experience in the luxury home market and welcome the opportunity to put that experience to use in helping you to find the home of your dreams!
Thursday, September 13, 2007
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