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BANK OWNED REO FORECLOSED HOMES

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MLS: 381143 - REO
Pictures: 28 more.
Price: $1,264,900 Fee Simple
District: Wailea/Makena
Type: Single Family
Beds: 4
Baths: 3.00
REO: Yes
Spread out in this spacious, beautifully upgraded home with heated pool and spa, granite countertops, travertine floors, just minutes from one of the best beaches in the world, in the prestigious Wailea Kialoa. This oversized flag lot provides space and privacy. One of the best values in Wailea, this home is move-in ready.

This property is listed by Coldwell Banker Island Prop(S)

MLS: 381644 - REO
Pictures: 13 more.
Price: $1,539,800 Fee Simple
District: Kaanapali
Type: Single Family
Beds: 4
Baths: 4.00
REO: Yes
INCREDIBLE OPPORTUNITY! This two story 4 bedroom home is located in the gated community of Ka'anapali Golf Estates with spectacular year-round views of the ocean, breathtaking sunsets and neighboring islands of Lanai & Molokai. Enjoy the quiet privacy that this end of the cul-de-sac home offers. Home includes travertine floors and light bamboo flooring in bedrooms, stairs and hallways. Master bedroom suite with jetted bath tub and private lanai is located on the upper level to maximize ocean views. Kitchen and bathrooms all have granite counter tops. Kitchen includes a large island with sink, large farm style sink, double drawer dishwasher, built in oven and microwave. Mother-in Law suite on lower level with separate entrance.

This property is listed by Owners.com

MLS: 382530 - REO
Pictures: 3 more.
Price: $14,900,000 Fee Simple
District: Kihei
Type: Vacant Land
REO: Yes
This is the former KAMAOLE GRAND 217 unit luxury condo development and near shovel ready. $6,200,000 has been spent on infrastructure including sewers, fire protection, three huge water meters, grading(needs to be regraded)and preliminary drawings. According to the MAI appraisal another $2,000,000 is needed to regrade the property for the new plan. SMA is in place and ACTIVE. The most recent appraisal was $27,500,000. The North-South Collector road is in and finished. Final construction drawings are needed. This is a bank owned property. I sold the land to the prior owner in 2008 for just under $5,000,000. $6,200,000 has been spent on the infrastructure and several million more for the North-South Collector road and a myriad of other improvements. The property is zoned Hotel but designated multi-family in the Community Plan and that is cast in concrete. All toll, there is not less than $15,000,000 spent on this property. There is also a water well for irrigation. Ingress/egress is from the North South Collector road. Right hand turn only onto Kihei road when exiting the property. Gentle slope to the top. Ocean views half way up and all the way from the top floors. Hundreds of thousands of dollars have been spent on architectural, planning, permitting, archeological, interest on loans for the past 11 years. If you have a developer who is capable of a project of this magnitude ($90m ) the pro formas will show the profit potential for this incredible development. The Offering Memorandum is comprehensive. POF required and a letter of financial capability essential from the bank or financial institution, REIT, pension fund, insurance company funding the development. The price of the condos were below market for a fast sellout. All the pertinent documents, renderings, et al will be up shortly. Stay tuned

This property is listed by Eric C. Ong



   

 

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