Friday, June 29, 2007
Luxury Living Kahala Beachfront!
Sounds interesting? As you approach this home with it's Asian themed entry pavilion lit with fire pots, the elegance of indoors and outdoors beckons you to step into a world of luxury where every material and attention to detail delights the senses and promises an unforgetable experience in luxury beachfront living.
Features:
Beach Frontage
5 Bedrooms, 5 1/2 Baths
House Area: 5,100 SF
Covered Lanai: 1,305 SF
Entry Pavillion 302 SF
Cabana: 144 SF
Garages: 969 SF
Total Built: 8,821 SF
Land Area: 23,191 SF
For more information on this unique and exceptional property, please contact the Trinity Sales Team. We welcome the opportunity to represent you as our Client in the purchase of this home or other luxury homes in Hawaii.
Our Warmest Aloha...Mary for the Trinity Team
Monday, June 25, 2007
Fractional Sales is Front Page News!
"In Hawai'i's real estate market, $250,000 doesn't buy much — maybe a small house in Wai'anae or a condominium in an aging Pearl City high-rise. But in a developing trend, $250,000 now also can buy ownership of a luxury condo or oceanfront home in some of the state's ritziest neighborhoods."
"Growing numbers of local real-estate agents have recently begun marketing "fractional ownership" of homes where up to six buyers purchase interests, allowing each one to use the property 60 days a year."
"Homes for sale as fractional, or shared, use have emerged partly as a strategy to put Hawai'i vacation homes back within reach of more buyers who have been priced out of the market by the doubling of home values over the past five years."
"The concept also is being touted as a new option for homeowners trying to sell their property in a slowing market — possibly for more than a single buyer would pay."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona."
"Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
Some concern exists that if the trend becomes hugely popular, it will reduce resident housing inventory and generate more vacation-home demand that could drive up prices in residential neighborhoods."
"Yet the practice is largely in its infancy here, and the level of buyer demand for the product in many Hawai'i neighborhoods has yet to be demonstrated.
Brokers are finding that fractionals aren't often understood by buyers, and aren't always welcome in communities, though in part this is because fractional ownership is a widely unfamiliar concept easily confused with time-share.
Fractional homes are similar to traditional time-share that's sold in one-week intervals in that buyers in both cases purchase limited annual use of a property. But unlike most time-shares, fractional owners may use their property however they choose, including personal use, renting it out or sharing it with friends and family."
"Fractional owners also must handle maintenance and management of their homes, and often can't easily trade their use period for time at other properties like the time-share industry, which maintains vast networks for swapping time-share use.
Brokers also suggest that fractional homes are more like residential real estate that historically has appreciated, in contrast with time-share.
In a general sense, the concept of fractional home ownership is not new. Families and friends have partnered to buy homes in Hawai'i for decades."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona.
Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
New Jersey firm NorthCourse Leisure Real Estate Solutions identified $1.65 billion in sales last year of fractional vacation homes in the United States, Canada and the Caribbean based on projects with four-week minimum use, or 1/13 ownership."
BREAKOUT YEAR
"In a 2005 article in Realtor Magazine Online, Oregon-based market research and consulting firm Ragatz Associates said fractionals had their breakout year in 2004.
Local real estate agents said the fractional home sales industry has been better established in some Mainland resort markets such as Aspen, Colo., and Lake Tahoe, Calif."
"In Hawai'i, there have been some fractional home sales, mainly on Kaua'i, over the years. But to date, none have been sold on O'ahu, according to brokers who track sales data.
That seems likely to change soon.
Old Republic Title & Escrow of Hawaii for the past four months or so has been hosting educational seminars on fractionals for hundreds of local real estate agents, lenders, developers and investors statewide.
Laura Merrifield, Old Republic business development director, said the interest and excitement in the real estate community has been tremendously high."
"It's a big thing on the Mainland, and I think it's coming to Hawai'i pretty rapidly," said Frank Wandell, a developer on the Big Island who in late 2005 bought a four-bedroom Kona house to convert for fractional sale.
Wandell listed the property for sale late last year for $189,000 to $269,500 per share, and to date said he has deals for two of the six fractions."
"It's the most sensible way to own a second home," he said, adding that he plans to follow up his first fractional home with several Big Island fractional homes on 1-acre coffee farms
Several real estate agents said they view fractionals as a way to sell a home for more than they might as a whole, as well as a way to expand the potential to sell homes in a slowing market.
"It's a way to realize top dollar, and get a little more money," said Nathalie Mullinix, owner of Kailua-based firm Realty Universal Inc. "I think fractionals are a way of the future here."
"However, brokers acknowledge that it takes more effort and time to find six buyers agreeing on 60-day use periods. Financing for fractionals also isn't offered by a lot of lenders."
If you would like a list of homes in Hawaii currently being offered for sale as a fractional, please contact the Trinity Properties sales team. Perhaps owning a home on the beach in paradise may become a reality than only a dream.
Friday, June 22, 2007
The 5 W's of Fractional Ownership, Part 3
Our Warm ALoha!
Thursday, June 21, 2007
Oahu's homes prices...tremendous
As the study further delivers Oahu's median singles-family home cost in the first quarter was the 23rd highest of 54 U.S. housing markets with an "extreme" value. That applies to a value prices more than 34 percent above normal. For example "at $650,400, Oahu's median home prices was overvalued by 45 percent, other words $300,000.
That just confirms that is always a great idea and good buy when it comes to real estate, and even better to buy a home here in Hawaii. If you're quite not sure it's a sweet deal for you, perhaps you should come and explore the real estate options that would be suitable for you.
Trinity Properties as I know it, has all the selections and opportunities you might thinks of as it comes to luxury rentals in Hawaii, estate homes, beach houses, long term rentals and Hawaii beach front buys. Looking at the current study whatever your buyer's eye will opt for it's value will be at least 30 percent higher probably in the next couple months. As the real estate markets are growing here in Hawaii, simultaneously in all of the Islands of Aloha, you might want to know that Trinity Properties has also preffered selection of properties on the Big Island and and the Maui...Check it out. Make your choices and contact the Trinity Team...
Aloha,
Angelika
P.S. The below is extra information from the study that I mentioned above,so that you can make your own comparisons based on where you live, and if you're coming to Hawaii.
Wednesday, June 20, 2007
The 5 W's of Fractional Ownership, Part 2
I'm back again to provide more information on Fractional ownership. You might be wondering, "Who fits the profile of the Fractional owner. Here is the second "W".
WHO? 2nd Home, 3rd Home, 4th Home Buyers are purchasing fractionals. CEO's, CFO's, COO's...VIP's. Fractionals are the modern version of the second home .If you are in any of these categories or simply in search of a second home,considering a Hawaii real estate puchase as an investment property, or if you would consider selling your Hawaii home in fractions, "FRACTIONAL is for YOU"!Please come back to our blog to learn more about this exciting opportunity or call the Trinity Properties office (808-247-7521)if you just can't wait!!
Until then..
Our Warmest Aloha
Monday, June 18, 2007
The 5 W's of Fractional Ownership
Fractional ownership is a percentage of ownership in real property. This can range from a 1/2 share to a 1/17 share. Every state has different rules and regulations on the minimum size of the fraction.The size of the fraction a person owns corresponds to the amoount of time he/she is entitled to use the property. For example, if a 1/2 share is purchased, the buyer is entitled to use the property 26 weeks a year. If a 1/17 share is purchased, the buyer is entitled to use the property 3 weeks a year. If you would be interested in learning about properties currently being offered for fractional sales or if you have a property you would like to sell in fractions, please call TRINITY PROPERTIES, LLC. 808-247-7521. Come back to learn about the next 4 W's of fractional ownership.
Until then...
Our Warm ALoha
Friday, June 15, 2007
FRACTIONAL OWNERSHIP HAS ARRIVED!
Our Warmest Aloha to you...
Thursday, June 14, 2007
Malino Ke Kai...the sea is calm
Well as I mentioned yesterday I visited the Kaimalino Kai, one of the jewels that Trinity Properties offers to those who long for long term vacation rentals in Hawaii. The fact that it is one island with so much visual and sightseeing varieties is something that I truly treasure as Oahu's resident. And again this time I was welcomed by tucked away by the bay side a charming set of white painted beach properties. Kaimalino Kai, which translated from Hawaiian means "quietly by the water" is one of the houses, that takes your breath away as much as the Kailua area. With heated pool, and well maintained garden it is a property one can dream of to stay in while in Hawaii. Spacious and comfortably furnished with Asian zen accents and affluence it is a property where you can't hide away from the ocean views and sounds.
Top floor, living floor, family floor actually, where you cook, dine and play looks into the ocean thanks to grand windows, and the smell of the sea is constantly flowing in through the louvers accentuating each of the windowpanes. The space and the comfort are the main features in this renovated, fascinating home. With three bedrooms, and two bathrooms, one of which actually big enough to host PJ parties or water parties, whatever that may mean to you.
Throughout the house your eyes are exposed to heart warming paintings of the very talented Stephanie (17), owners' daughter - what a joy - she and the artwork, you just can't wait to see her next masterpiece.
Marble, wood and plain designs beyond doubt highlight the character of the architecture. Design that spectacular but simple as if to give it all to the immediate sea and tropical garden surroundings.
Well, this is why you'd be here anyway, right? It is strange sometimes to know that such beautiful place might be disregarded because there is no sandy beach right there, even though the property is on the water. The sandy beaches of Kailua and Lanikai are part of the deal, but within walking distance - what an advantage actually, to be able to have a reason in this sitting era to walk around and explore the Island.
I loved the ocean energy at Kaimalino, washing off the lava rocks, happy Pele's children. I loved it all, and I knew it when I realized my breathing got deeper and my body got more relaxed.
So Just Breath... at Kaimalino Kai...
To be continued,
Angelika
P.S. New Photo Suite for the house is on it's way, so check the Kaimalino Kai at Trinity Properties....
Wednesday, June 13, 2007
Fabulous Concept! Wailea Beach Villas
What a great trip. I cannot wait to see more of the properties and share them with you.
Also, stay tuned for more info on Fractional Ownership Management.
Friday, June 8, 2007
Good Time to Buy, Good Time to Sell!!
Whether you find yourself in a position of Buyer or Seller, the Hawaii real estate market is at a “balanced point between supply and demand” according to Harvey Shapiro, research economist for the Board of Realtors. The numbers are in on residential sales during the month of May, and demonstrate that it a good time to buy or a good time to sell.
The Honolulu Board of Realtors reported in Tuesday’s Honolulu Advertiser that “existing single-family homes sold last month for a median $650,000, down 2.7 percent from $668,300 a year earlier.” In all there were 357 completed sales transactions which reflects a modest 4.5 percent decline from May, 2005.
The median condo resale price in May was $325,000 reflecting in an increase in sale price of 6.2% from the $306,000 reported in May, 2006.However the number of condos sold during May, 2007, 543, reflects a decline of 10.2%.
“Median prices continue to plateau and activity is good,” said Bert Hamamoto, president of Property Profiles Inc. and the Board of Realtors. “Our expectation is that the market will maintain the current pattern for the rest of the year, subject to interest rates staying stable.”
Whatever position you may find yourself in, in the current residential market, you can count on Trinity Properties to service your every need.
Our Warm Aloha..
June 8th, 2007
Thursday, June 7, 2007
"Discover the Home of Your Dreams"
The Building Industry Association of Hawaii is collecting submissions for the yearly Parade of Homes. July 13Th is the deadline for entries to display of what local housing developers are constructing here in Hawaii
You may enter the contest either as a developer or a contractor in categories that include single-family homes, town homes, time-share projects, senior-living units and apartment-to-condo conversions. This year parade is dreamily themed "discover the Home of your Dreams", which would be held Oct. 6-7 and 13-14.
Talking about Dream Homes here in Hawaii, check such gems of a house like Sunrise Retreat or Wailea Lani that are here on Oahu, or perhaps if you want to experience all of the Islands of Aloha have to offer stay on Maui...how about Villa Kumulani or on Pele's sacred grounds..perhaps you would fancy Halia Hale...
So even if you don't own any of the properties that would be able to make it to the Parade of Homes, you can own the experience of staying in one of them, while on the Islands. If you fell for any of the properties just mentioned above and you'd like to have a go with them, the very Aloha team at Trinity Properties would help you fulfill to "Discover the Home of Your Dreams" whether for short term vacation or longer affair, and if you decide to purchase your own piece of paradise they'd have incredible options for you as well...
Aloha, Angelika
A Slice of Old Hawaii, Aquariam House
From Kapalua, Autumn my guide, and I ventured to the Aquarium House at La Perouse beach at the far end of Makena in east Maui. It is at the end of the road and the rustic tropical setting belies the subtle natural beauty of this handcrafted oceanfront gem with amazing grounds, lava rock pools and cascading waterfalls. This part of Maui past Makena - away from all the resorts is truly a slice old Hawaii. Snorkel, fish or kayak all day. The Aquarium House is a two bedroom, two story tree house more suited to adults than families with small children. You are at the end of the road and a world away. Look for photos of this great property on our website soon at www.trinityproperties.com. Have a great day.
Warm Aloha, Annie
Tuesday, June 5, 2007
ISLAND PALACE WEST MAUI
Warm Aloha,
Annie
Monday, June 4, 2007
More Renovations on Oahu
Today's paper reports on another big development for the Kalihi Valley neighborhood.
Kalihi, meaning "the edge" is a community split by the major Likelike Highway, and flanked by Moanalua, Salt Lake to the west and downtown Honolulu to the east.
This renovation project started six years ago, but due to many delays the current cost of the development proceeds $75 million dollars. 60% more to what was anticipated when it all began.
It has to be mentioned as well that this is one of the biggest public houses complexes on the islands as far as development, but also a neighbourhood that is much behind schedule in its renovations. Current finish deadline for all the renewal has been set for 2011.
Well, in the meantime there are plenty great choices on the Island, whether looking for short term, long term or buying a property. The great team at Trinity Properties just added more flavor to their Exquisite menu of the Hawaiian homes by including new estates, villas on the Island of Maui and Pele's favorite, the Big Island. Check Annie's Maui Impressions on our travel blog.
Till Tomorrow, Aloha!