Returning home to Kapalua at the end of the day or returning to your second home at Kapalua after a long absence, Pineapple Hill at Kapalua is truly at the end of The Kapalua Rainbow. Many days we have rainbows or even double rainbows to welcome our returns. We have been fortunate to LIVE, WORK AND PLAY at The Kapalua Resort since we first lived in a Kapalua Golf Villa in 1978. We have been fortunate to live at The Golf Villas, The Bay Villas, The Ridge and are now at Pineapple Hill. This experience is second to none as we have the knowledge to will answer almost any question about this fabulous area of Maui.
A $465.6 million project is in the works for Olowalu, which is located south of Lahaina in West Maui. The plan is one of impressive proportions based on Maui's standards, involving a community of 1,500 small-scale mixed-use units. Because of its ambitious size, among other factors it is anticipated to take 10 years to complete. Construction is expected to begin in 2018.
The project belongs to Wailuku-based Olowalu Town LLC and Olowalu Ekolu LLC, which are headed up by David Ward and William Frampton. Its environmental assessment was recently submitted. Their vision involves several types of housing, including apartments, cottages, rural homes, townhouses, live-work units and even farmsteads. Units will be available for rent and sale at a broad price range. Maui real estate demand is already high, and only likely to grow between now and the point when the project is complete.
According to the developer, many of the homes will fill the need for affordable housing and senior living. They even plan to move Honoapiilani Highway mauka (towards the mountain) and away from the ocean, with the potential for mass transit or light rail in the future.
The project covers 636 acres. In addition to the aforementioned housing, it will involve infrastructure system improvements to the existing drinking water system in the area, a drainage system and an onsite wastewater treatment plant, along with a $5 million small-scale renewable energy facility.
If you're interested in reference by comparison, the project layout is anticipated to resemble two master-planned Oahu communities, which are 11,750-home Hoopili in Ewa and 3,500-home Koa Ridge in Central Oahu. This sounds like a distinctive project for the West Maui area, particularly because Olowalu is the first town in West Maui, so you pass it on your drive to Lahaina. It will be interesting to see how this new addition to West Maui real estate will shape up.
Cash purchases dominated the Hawaii real estate market during the third quarter of the year, accounting for nearly half of single-family home and condo sales, according to RealtyTrac. That's almost twice as many cash purchases as we saw in the third quarter last year. The trend demonstrates the strong confidence investors have in our real estate markets.
Hawaii and Florida tied for the highest percentages of all-cash sales in the nation, and both states are popular vacation destinations. Hawaii's all-cash purchases totaled at 46.7 percent from July to September. Last year, it was 26 percent during those months. The dramatic change tells you a great deal about the economy, and investor confidence in it.
As for the all-cash purchases in the individual island counties, Oahu was at 47 percent, Maui was at 47.9 percent, the Big Island was at 47.3 percent and Kauai was at 37.2 percent. All were impressive, but it was interesting to see that Maui was ahead of the pack by a small margin. As for the total number of all-cash sales, Oahu had 1,522, Maui had 268, the Big Island had 253, and Kauai had 74.
During the same period last year, all-cash purchases came out to 23.6 percent of Oahu's sales, 34.1 percent of Maui's sales, 30.4 percent of the Big Island's sales, and 25.1 percent of Kauai's sales. The consistency of Maui's high portion of all-cash sales can give you a sense of investor activity.
It's unsurprising that this many Maui real estate investors are active in the market, especially considering the island's status as a luxury vacation icon, which visitors are often willing to pay more to experience. If you are interested in becoming a Maui real estate owner, and you'd like some expert assistance, you'll find our contact information at the bottom of the page. Mahalo!
A huge Maui real estate development is currently in the works via Gentry Homes Ltd., one of Hawaii's biggest developers. Their subsidiary, Gentry Maui Development LLC, recently purchased about 50 acres of land within Maui Lani, where they plan to build as many as 400 homes. We specialize in West Maui real estate, but this development is located in Central Maui. It's the scale of the project that makes it a subject of interest, especially when you consider the landscape change that 400 new homes will create in the middle of the island.
Gentry Homes plans to include the new homes in the Maui Lani master-planned golf course community, with the land purchase costing $14.5 million. The Maui Lani Village Center Inc. was the seller, which is run by Bill Mills of The Mills Group. Tax records are showing a total assessed value of $6.7 million.
It will be some time before these homes show up, considering that Gentry is still in the preliminary design phase. It outlines both single- and multi-family homes. While the project could include up to 400 homes, the final number will fall somewhere between 350 and 400. Maui Lani subdivisions are The Island, The Greens, The Bluffs, The Legends, Na Hoku, The Traditions, The Grand Fairways, and The Parkways.
Gentry Homes has been pretty aggressive in its development plans, considering that they already purchased 17 acres in West Oahu, which they plan to use for golf course homes. All this home building activity says a great deal about the anticipated returns on these investments. The demand for real estate is strong on both Oahu and Maui.
Speaking of Maui, if you're in the market for luxury West Maui real estate with stunning ocean views, oceanfront locations and a host of conveniences and entertainment in the area, you'll find our contact information at the bottom of the page. We can help you through every step of the process as you search for the right property and make your purchase. Mahalo!
Beautiful, healthy native Hawaiian trees on your property can make an impression on guests and prospective buyers alike. That and they can enrich your enjoyment of the landscaping surrounding your Maui home. Hawaii's native trees are elegant, and unfortunately uncommon, because of competition with invasive species in the wild. To acquire one of your own, or perhaps more than one, stop by the Maui Nui Botanical Gardens for their Arbor Day 1,000 Hawaiian Tree Giveaway of 2015.
The Botanical Gardens will be hosting their giveaway on Saturday, November 7th from 9am to noon. Trees are given on a first-come first-served basis, so if you are very particular in your taste, it's best to arrive early. They will be giving away a free tree to every person who wants one. That means if you show up with five kids, you can take home one for each of them, plus one for yourself.
One of the especially nice things about this event, aside from the fact that you're getting free trees, is that plant experts are available to help you select the kinds of trees that grow best in your area. So if you own West Maui real estate, they will tell you which will thrive in the weather conditions here. Native trees are already adapted to Maui, but different kinds of trees do have their little preferences, and it can only help to find out more from an expert.
You can think of this event as a community celebration of trees. There will be demonstrations teaching about the uses of wauke, the plant used for making kapa (Hawaiian fabric), as well as hala weaving and native flower lei creation. Each represent age old Hawaiian traditions. Lastly, there will be free games for the whole family, courtesy of Maui's Hawaiian immersion students.
The event will feature demonstrations on proper tree care so you will know how to help your tree thrive. Various organizations will also be present in honor of Arbor Day, where they will present information about the work they do in keeping Maui's environment healthy and beautiful.
The Maui Nui Botanical Gardens are located in Wailuku at 150 Kanaloa Ave. We hope you'll make it to the event and bring home some wonderful new trees with you!
Returning home to Kapalua at the end of the day or returning to your second home at Kapalua after a long absence, Pineapple Hill at Kapalua is truly at the end of The Kapalua Rainbow. Many days we have rainbows or even double rainbows to welcome our returns. We have been… Continue Reading
A $465.6 million project is in the works for Olowalu, which is located south of Lahaina in West Maui. The plan is one of impressive proportions based on Maui's standards, involving a community of 1,500 small-scale mixed-use units. Because of its ambitious size, among other… Continue Reading
Cash purchases dominated the Hawaii real estate market during the third quarter of the year, accounting for nearly half of single-family home and condo sales, according to RealtyTrac. That's almost twice as many cash purchases as we saw in the third quarter last year.… Continue Reading
A huge Maui real estate development is currently in the works via Gentry Homes Ltd., one of Hawaii's biggest developers. Their subsidiary, Gentry Maui Development LLC, recently purchased about 50 acres of land within Maui Lani, where they plan to build as many as 400… Continue Reading