May 6th, 2017 11:40 AM by Korby Matsen
Mauna Kea Resort is a beautiful 1,839 acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Hapuna Beach Prince Hotel. These hotels are located along some of the most pristine white sand beaches in all of Hawaii. The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views. The Mauna Kea Resort also offers its resident’s access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants include Number 3, the Hua Tree Lanai, the Copper Terrace, Clambake and the Manta & Pavilion Wine Bar.
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At the time of this writing (Apr. 28th), there were 14 homes and 19 condos for sale in the Mauna Kea Resort. Of the homes for sale, the highest priced one on the market is listed at $15,900,000, and is located at 62-3966 Lanikeha Pl, in the Mauna Kea Fairways North subdivision, while the highest priced condo on the market is listed at $3,400,000 and is Unit #33 in the Villas of Mauna Kea. At the other end of the spectrum, the lowest priced home on the market is located at 62-3998 Moani Pikake Pl, in The Uplands of Mauna Kea and is listed at $1,870,000. The lowest priced condo currently on the market is listed at $875,000 and is Unit C1 located in Kumulani at the Uplands at Mauna Kea.
Sales continue to be slow but steady in the Mauna Kea Resort, with 2 homes and 2 condos being sold in the 1st Quarter of 2017. In this time from January 2017 through March 2017 the highest priced home sold was located at 62-3680 Kiekiena Pl, in The Bluffs at Mauna Kea and sold for 11,500,000 from a list price of $12,950,000. The lowest priced home sold for $2,800,000 from a list price of $2,985,412 and is Unit #415 at Waiulaula at Mauna Kea Resort, Mauna Kea Resorts new construction subdivision. In the condo market, the lowest priced condo to sell during the 1st Quarter went for $1,525,000 from a list price of $1,595,000 and is Unit #314, also located in Waiulaula at Mauna Kea Resort, while the highest priced condo sold for $2,450,000 from a list price of $2,595,000 and is Unit #36 at the Villas at Mauna Kea.
Analysis: The sales volume of homes and condos in Mauna Kea Resort continues to be slow but steady in relation to amount of available inventory. It would take almost two years to sell the available inventory at the current pace of sales and a market in equilibrium is considered to be about six months. For Buyers looking for luxury and vacation homes in the most prestigious resort on the Big Island, this continues to be an ideal time to buy.
If you are looking to buy or sell a home in the Mauna Kea Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams come true. Mahalo
Highlights of the Q1 2017 Mauna Kea Market Update
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