August 24 2009 Kauai Foreclosure REO List Update August 24 2009 Kauai Foreclosure REO List Update New Upcoming REO’s:   Waipouli Beach Resort A304, Kapaa. Wow this is an oceanfront newer 2 bedroom 2 bath condo in great condition with great views. Previous sales price was $1,750,000. Owned by Bank of America. Kua Aina lot 42. Kakela Makai, Kalaheo. A split level lot with unobstructed ocean & mountain views. Owned by IndyMac Bank. Hale Lani Village at Puhi Y204, Lihue. This is a 2 bedroom 2 bath condo in good condition. The location  of this project is across the highway from the college. Owned by GMAC.     New Listings: 1. 5796 Noni St., Wailua Homesteads. This is a 5 bedroom 2 bath home 2 story home. The exterior is in good condition but the interior needs some repair as remodeling was... 08/23/2009

This post is a weekly update to the July 1, 2009 list. Please scroll down to the 7/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list. New Listings:#1.148 Royal Drive, Wailua Homesteads. This is a large older main house of 4 bedrooms and 2 baths (maybe 3) and a 1 bedroom 1 bath cottage on 1.8 acres on the rim in Wailua for only $599,900. MLS#226200. #2. 4262 Oama Place, Puhi (Lihue). This 3 bedroom 2 bath home near shopping and schools. 2 windows are broken and flo0ring is needed in the bedrooms. The location is great. Near schools and town. $354,000 MLS#226132 #3. 5358 Kula Mauu St, Kapaa. This 3 bedroom 2 bath home is price right at $316,900. MLS#226104. Offers are pending so hurry. In escrow:#1. 3371 Kai Lani Place, Hanapepe $334,900 MLS#225791. Price Reductions:#1... 07/27/2009

July 20, 2009 Kauai REO Foreclosure Update This post is a weekly update to the July 1, 2009 list. Please scroll down to the 7/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list. New Listings: #1. 229 Koili Ln, Wailua Homesteads. A 3 bedroom 2.5 bath home in need of work as former owner tried remodeling rooms into studios. A great price. $297,500 MLS#225851 #2. Banyan Harbor G-80, Lihue. A 2 bedroom 2 bath fully furnished condo with partial ocean view. $250,0000. MLS#225936#3. Nihilani at Princeville #14A. This is a 3 bedroom 2.5 newer condo in Princville. $489,900. MLS#225806#4. 2.78 acres Kulana at Kapaa. $194,900 A low price for this CPR acreage however a large assesment will be due to pay for the roads the developers failed to do. MLS#225885. Upcoming REO with anot... 07/19/2009

June 22, 2009 Kauai REO Foreclosure Update This post is a weekly update to the June 1, 2009 list. Please scroll down to the 6/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list. New listings: #1. 4919 Aliali Road, Apopo Hale #10, Kapaa. This is a 3 bedroom 1.5 home/detached condo. Tile floor. HOA fees $251.16 monthly. Includes water, yard care and other services. MLS#225118. $219,900.#2. Puamana #14B, Princeville. 2 bedroom 2 bath condo for $390,000. MLS#225090. New Upcoming REOs with Kauai Dreams Realty: (all IndyMac)#1. 4262 Oama Pl, Puhi area, Lihue. 3 bedroom 2 bath home with 2 car garage.#2. 5622 ILEINA LN #K., Kapaa. This is a vacant CPR lot with an ocean view.#3. Kula Mau’u, Kapaa. Large home.#4. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home. Price Change... 06/21/2009

Ken Stokes reports on his SuSHI  sustainability blog about the ag forum that happened on Kauai this weekend. Read all about  Kauai Ag Forum and SustainabilityBe sure to check all of the links in Ken's posts. They are each little pearls of wisdom unto themselves. I saw Ken for coffee last week and he mentioned a community in Toronto where a group of people are growing food in people's back yards. In other words, the property owners let this group manage their garden because they know how to, and perhaps the owners are too busy. Then, this food is distributed amongst the 500 folks who are participating in this system. And that's in Toronto. Imagine what would be possible on an island like Kauai, where everything grows whether you want it to or not!     By TwitterButtons.com 04/07/2009

Well, March is looking to be the best month yet this year as there are more buyers and more deals on the island of Kauai. Kauai REO foreclosures continue to grow and these seem to be becoming the best values in our market. With one week left in the month of March, 42 properties are in either contingent escrow or "under contract", meaning that the contingencies have been removed, or, in the cash of something like an all cash sale, there are no contingencies.It's also intersting to note WHERE in the marketplace the sales are occurring. Of the 42 properties currently in escrow, only FIVE of them are for properties listed for over $1 million dollars. In fact, the most prestigious condo address in the Princeville real estate market, PUU POA, has couple of units in escrow, and unit was listed... 03/25/2009

The Hawaii state Supreme Court on Monday rejected a state law that allowed the Hawaii Superferry to operate while an environmental study is being conducted.Ruling the law was unconstitutional, the court sent the case back to Circuit Court, leaving the fate of the Superferry’s service between Honolulu and Maui in question.Superferry officials, when contacted, had no immediate comment on the decision.In light of the high court’s decision throwing out the law, the Superferry must stop operation until the study is completed, said Isaac Hall, an attorney representing three groups that challenged the Superferry in court.If the ferry service continues to operate, Hall said, the Sierra Club, Maui Tomorrow and the Kahului Harbor Coalition would seek a court order to stop it.Gov. Linda Lingle sai... 03/16/2009

H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009, by a vote of 246 - 184. Later that day, the Senate also passed the bill by a vote of 60 - 38. The President signed the bill on February 17, 2009. The bill is a $780 billion package, with roughly 35% of the package devoted to tax cuts (mostly for 2009) and the rest to spending intended to occur in 2009 and 2010. Congress and the President have announced that a finance and housing package (including tax provisions) will be the next “big” initiative, so Congress has by no means finished its work as it affects the housing industry. The bill includes the following provisions:Homebuyer Tax CreditFHA, Fannie Mae and Freddie Mac Loan LimitsNeighborhood StabilizationCommercial Real EstateRural Ho... 03/15/2009

When Mayor Bernard Carvalho took over for the recently deceased Bryan Baptiste, he had big shoes to fill. But Bernard is a big man. Yesterday, the Mayor 5th annual prayer luncheon had its largest turnout ever. The luncheon's theme, "Mentoring the next generation" was meant to attract youth in the community for the gathering which brings together government, businesses, and churches.Read the full report in the Garden Island Mayor Carvalho is the big dude on the left praying and singing 03/08/2009

As of this posting, there are 48 properties in the Kapaa-Wailua that are  in short sale or foreclosure. This list is compiled by RealtyTrac, the nation's leading source for foreclosures. This does not include the many sellers who are current in their mortgages but still must seek short sales. If you wish to have a list of the most recent short sale properties in our neck of the woods, drop me an email and I will forward the list to you immediately. You might also find it interesting to download the laws about Foreclosure in Hawaii to gain some insight as to the how this process may work. Buyers who can qualify are getting some excellent values, and if you are one of them, you may want to check out the opportunity to own real property on one of the most people places on the planet.   03/05/2009

This home has not yet listed but I had been speaking to the seller and know that he is hoping for a quick sale. The home is located in Wailua Rise Estates. This is a subdivision of primarily half acre lots that is located about 4 miles up from the main Kuhio HIghway in the general area of the Wailua Homesteads. This is a great location for fulltime residents and is very popular with doctors, nurses, and anyone who works on the east side, from Kapaa to Lihue.This home probably needs some TLC but will be listed at 575K. The home has a ohana unit, that is, a separate 1 BR/1 BA unit that is often thought of on the mainland as a "mother-in-law" unit.  That's always great for visitors, family, or even, dare i say, a rental tenant, which helps to reduce the cost of ownership.View the gallery o... 03/05/2009

Yes, when Anekona Management bought the Radisson Hotel several years ago, they renovated the place and turned all 350 rooms into Condominiums. The project now functions as the Hilton Kauai Beach Resort and is a successful east side resort. South Pacific is performed in the ballroom every Wednesday night. These units sold from $229,000 to around $500,000 for oceanfront rooms. Well, in this ever-correcting market, one seller needs to get out and they are having a sort of "blow-out" sale which will not last much longer. Last week an oceanfront unit which was purchased for $491,900 in 2006 was put under contract. It was listed for $99,000. That's almost 80% off the original sales price. This week there are three units still for sale under $99K. The interior units start at $59,000, partial o... 03/02/2009

Ken Stokes, noted environmentalist and director of the Kauaian Institute, posts about a new group of leaders on Kauai who are focused on moving from the stage of talking about sustainability and are now digging into the DOING phase. As Ken notes, Kauai has a long way to go, but with clear intentions progress can happen rapidly. Read more on the SUSHI Blog 02/13/2009

ELVIS in Blue Hawaii, filmed at the Coco Palms in Wailua, Kauai, Hawaii   Once the darling of vacationers and lovers of paradise, the Coco Palms hotel was devastated by Hurricane Iniki on Sept. 11, 1992. That's right, September 11th. Go figure. The Garden Island reported that the developers have requested extension on their permits. More than four years have passed since permits were first approved for a major overhaul of the derelict structure that was once the world-famous Coco Palms resort, but a lack of visible progress and frustration with the stewardship of the Wailua property has pushed the project to the verge of extinction.At the county Planning Commission meeting Tuesday at the Mo‘ikeha Building, Phil Ross, one of three owners of the historic property, argued the development ... 02/12/2009

5773-A Kuamoo Road Just Listed Kauai REO Just listed $225,000. MLS#221077 This is a 2 bedroom 1.5 bath house of approximately 720 sq.ft. on a CPR lot of approximately 4432 sq.ft. Built in 1985 it shares a driveway with the back house. It has a small fenced yard. Formers owners make a make shift Lanai. Kitchen has granite counter tops. The lowest priced house in Wailua Homesteads! Email or call if you have any questions. julie@hisemail.net 808 652-6174. Aloha Julie 02/12/2009

The Garden Island, known for it’s ample rainfall and verdant tropical landscape, is home to the wettest spot on earth. Why then, would we possibly ask our community to focus on our water supply when there are so many other critical energy issues to be addressed? Volatile electricity costs, a crippled economy, health care, food security, the list goes on. Simply put; in most Island homes, our water supply is completely oil dependent. Without petroleum to generate electricity, we simply cannot deliver water to a majority of Island residents on Kauai. And although our State leaders have recognized and begun acting on the real potential for oil supply disruptions and continued price volatility, as well as the general economic liability of severe dependence on tourism, few have asked; What a... 01/29/2009

January 25, 2009 Kauai REO Foreclosure Update Newly Listed Kauai REOs: 1.4217A Anahola Road, Anahola. This 3 bedroom 2 bath home needs a lot of cosmetic work but the house “bones” appear to be in good condition. The best part of this house is the location. A block away from the beach and boardering a park. The second best thing is the price. $329,900. The first photo is the park. The property line ends approximately at the large rocks. Listed with Julie Black of Kauai Dreams Realty. MLS#220016 2. Kamahana #4, Princeville. This is a 2 bedroom 2 bath condo of approximately 1145 sq.ft. living area in Princeville. HOA fees $522 a month. Owned by Countrywide. $354,900. MLS#220199 Upcoming REOs with Kauai Dreams Realty: #1.5322 Kahala St., Kapaa. This 3 bedroom 1 bath home is in good conditi... 01/25/2009

January 15, 2009 Kauai REO Foreclosure Update There are two new REOs in Kapaa: #1. Kawaihau Sports Villas #J201. A 2 bedroom 2 bath condo with loft and lanais. $171,600. MLS#219941. Current maintenance fees are $454.00 a month. KSV is a great spacious condo project but a large assesment will be in the future for the cesspool to septic or sewer line connection as mandated by the EPA. #2. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $279,000. MLS#219935 There are no garages but instead open parking. Maintenance fees of $251.16 pay for the upkeeping of the manicured grounds. 01/14/2009

12/31/2008

That's right! The ever popular Blossoming Lotus, a vegan restarurant located in Kapaa, is closing it's doors as of December 31, 2008, this per the 12/23 Garden Island Newspaper. "Owner Gabe Zingaro wrote the restaurant would close, "barring a miracle" despite recent success, because of past debt it has been carrying." This eatery will greatly missed. I've enjoyed many tasty, relaxing, affordable and healthy meals here and am sorry to see it go. If you haven't ever enjoyed a meal here, or want to have one final supper, you better make your reservations quickly as I'm sure it will book quickly. Thanks to the owners for bringing such a delightful dining experience to our Island. Aloha Elaine Elaine Schaefer (R, GRI, ABR)Broker in Charge - Princeville Resort OfficeGraduate, Realtor's Instit... 12/23/2008