Honua Kai

As leading experts in the Honua Kai market, we keep abreast of the latest market trends, news, and available information. View Honua Kai condos for sale, view recent sales, investment analysis, sales data, financing news, and much more. Contact us for more details.

Found 83 blog entries about Honua Kai.

As one of our favorite properties, our team keeps a close eye on the Honua Kai real estate market in order to best represent our clients. In the past year we have not been posting our market updates but we are getting back on a schedule to do so routinely. So with that, let's start the discussion.


Honua Kai Year to Date

With the introduction of Luana Garden Villas, the expectation was that it would take some of the sales for premium 2 bedroom units and 3 bedroom units while impacting profitability of those mountain-facing units on the Konea tower, thereby lowering the absorption rate at Honua Kai. In 2018, there were 40 sales, resulting in 3.33 sales per month, whereas year-to-date there have been 20 sales, at a rate of approximately 2.6 per month -…

Through the years, many prospective Buyers have asked about the differences among the various floor plans at Honua Kai. We have created all floor plans, which can be found at Hokulani Floor Plans and Konea Floor Plans, but it may be helpful to also read descriptions as it includes more textual information. The below is based on the developer's Declaration - although believed accurate at time of writing, NOT guaranteed as previous and/or future Amendments may reflect differently, contact us to confirm.

Honua Kai Real Estate

Hokulani Tower


Condominium Unit Type A1. Each of these Condominium Units in the Hokulani Enclave has an interior net floor area of approximately 583 square feet, and lanai with net floor area of approximately 114 square feet. Each of these Condominium…

Another year is on the books and one of our favorite properties, Honua Kai, had an outstanding year.  The introduction of Luana Garden Villas to the market has been met with much anticipation and absorption has been phenomenal - with one more phase being released momentarily to be met with high demand. The construction at the Westin had stalled sales along the outside southern perimeter of Hokulani, yet with its completion now that side of the tower is among the most desired outside perimeter units - with an impeccable resort setting next door and now established view corridors, it's easy to see why there is such high interest.

To start a deeper, let's look at each micro-market.

Studios

As one of the most coveted niches within Honua Kai, it's not…

Honua Kai Real Estate Market

As the summer comes to an end, let's take a look at the state of the market at one of our favorite properties, Honua Kai. 

New Listings

The month of August saw two new listings come on the market:

Konea 638 - This one bedroom / one bathroom is on the northern outside perimeter of the Konea tower. With a 6th floor location, there is enough elevation to guaranteed privacy and ocean view corridors, while being near the wing elevator provides convenience in accessing the ground-level amenities. Priced at $990K, we'll see whether the market brings enough demand for absorption at or near the asking price.

Hokulani 403 - A three bedroom / three bathroom interior courtyard residence priced at $3.2M. North-facing, view corridors are framed by the resort pools,…

Another month is in the books and Honua Kai continues its micro-market dominance as one of the hottest in all of Hawaii. So with that, let's take a look at the month of July in Honua Kai real estate. 

honua kai kaanapali market update

New Listings

The following are listings added to the market in the month July:

Hokulani 244 - Inventory of one bedroom units with partial ocean views is minimal, at best. This unit is on the 2nd floor of Hokulani, outer perimeter on the north side of the building, facing the Konea tower and the Luana Garden Villas enclave. Priced at $959K, it will be interesting to see whether the market will bear a price within that range. The last true 1 bedroom to sell over $900K was Hokulani 438 which sold a few months ago for $919,900 - arguably better views from its…

Today's question comes from a buyer interested in Honua Kai Luana Garden Villas.




Question: We are interested in Luana Garden Villas. As we would be financing the purchase, do you have a lender that you would recommend?

Answer:  Great question. When buying brand new construction, it is important to work with a lender knowledgeable about the property in question and who has loan products available for the purchase. Below we detail lenders, in no particular order, who are able to finance your purchase of a luxury villa at Luana Garden. 

First Hawaiian Bank
Rick Smith, rsmith@fhb.com

Central Pacific Bank
Spencer Lee, spencer.lee@centralpacificbank.com

Wells Fargo Bank
Jon Levin, jon.j.levin@wellsfargo.com

Bank of America
Craig Bedsole,…

Honua Kai Real Estate Market Report 2018

As one of the most active micro-markets in Hawaii, it is pertinent to follow the Honua Kai Real Estate micro-market, to see how it behaves comparative to other subsets, particularly as the Luana Garden Villas sales market begins to develop in phases. The beginning of the year encompasses the high-season influx but in previous year the swing has been much more minimal as activity becomes more year-round than cyclical.

Honua Kai Studios


In the first half of the year, there was only one Studio listed for sale, Konea 521. Although at first glance it might seem as though the price of $975K may be on the high end of the spectrum, as can be ascertained from the Honua Kai Investment Analysis, the Studios are among the highest return on investments anywhere in…

In an effort to continuously keep our clients updated on micro-market conditions, we present our monthly Honua Kai  market update. This shall encompass new listings on the market, those that have gone into escrow during the month, and closed sales for the month.

honua kai kaanapali resort

New Inventory


The Honua Kai micro-market continues to see increased inventory, particularly after the developer finished its sales and re-sales have dictated values, available inventory, and absorption. The month of May saw a good amount of new listings:

Konea 521 - Studios are in short demand, particularly those on higher floors. As Konea 521 came on the market, even with its large floor plan for a studio (at 615 square feet), the asking price of $975K may have seem above market to some, but…

As one of the most active micro-markets on Maui, conditions at Honua Kai can vary greatly from the overall Maui real estate market. As such, let's discuss the current state of the Honua Kai real estate market, broken down by unit size as that will provide the most context. To start, please use the map below as a reference of unit location within the complex, as that is arguably THE most critical component in valuation. 



Studios


With the least amount of units, the niche of Honua Kai Studios will continue to be one of the most interesting to observe. Currently there is only one unit on the market, Hokulani 219. Of course, being on the 2nd floor of Hokulani has certain challenges, which must then be reflected on price. In the past six months, there have…

Honua Kai's Luana Garden Villas have become one of the most anticipated projects on Maui for quite some time. Our intent is, and will continue to be, to post information on a timely manner for prospective Buyers. Newly updated information as follows:

Luana Garden Villas Map

Click on Luana Garden Villas to view a high-resolution PDF or view the image below. It is worth noting that the Villas are separated into three different enclaves, each emphasizing a different native Hawaiiana garden theme.

luana villas map honua kai

Floor Plans

Luana Garden Villas consists of 18 structures, with each building having 4 units: 2 on ground level, 2 on upper level. Floor plans are Villa A, Villa B, Villa C, and Villa D. Pricing is speculated to start in the $1.8M range but much more