Kauai Real Estate- Last week on the island of Maui an oceanfront estate in Kapalua Resort closed escrow for $24 Million dollars. However that sale was the lesser of the two multi millions dollar estates that sold! On the Big Island a $37 Million dollar, 11,731 sq ft oceanfront complex on 1.37 acres located in the Kukio Beach and Golf Club sold. This is the highest sale in our state so far this year. The Big Island home had been listed for $45 Million so they took a bit of a haircut with a sales price of $37 Million.
For a complete list of all the properties that Sold, were Just Listed and those that went into escrow for last week on the island of Kauai click here: Kauai Real Estate Update December 7 to 13, 2020
Poipu Beach Real Estate Update- Sold Before It Hit The Market! This house has curb appeal that is off the charts and the property itself delivers. It’s always been one of my favorites here on the south shore and I was thrilled when an agent in our office said she was going to list it, I knew I had the perfect client for it. It’s located in Omao and is a short 10 minute drive to Poipu Beach. The home is on a half acre lot with a 2 bed 1 bth guest house, a dreamy pool and a generous sized work shed. This house has always felt like a “Leave It To Beaver meets Kauai Living” moment for me.
For an update on Poipu Beach Real Estate click here: Poipu Beach Current Market Analysis
Kiahuna Plantation Real Estate Update- For an update on all things real estate at the Kiahuna Plantation click here: Kiahuna Plantation Current Market Analysis
Koloa Rum Partners With Lydgate Farms On A New Product
Koloa Rum is partnering with Lydgate Farms to create the “Koloa Kauai Cacao Rum”. Using the cacao from Lydgate Farms the two companies hope to have created something very special. The rum is created by steeping Lydgate Farms roasted cacao nibs in Koloa Rums “gold rum” for 18 days. The rum extracts natural flavor and color from the cacao. The taste is said to be “a distinctive chocolate rum with notes of rich, creamy mocha highlighted by subtle spices”
For more information, including where you can purchase this, go to this page: Koloa Rum Website
Coming Soon To The Market In Wailua Homesteads
I’ll be listing a 3 bedroom 3 bath home in the Wailua homesteads that is only 5 years old. This home is cute as a button and has lots of outdoor lanai living space. The floor plan allows for two separate living areas but can also seamlessly be used as a 3/3 family home. The list price will be $775,000 and at this price point it won’t last. Call me for details.
Hawaiian Airlines Slated To Add More Routes
Amidst the pandemic Hawaiian Airlines remains bullish on Hawaii travel. Hawaiian Airlines said in a recent released statement: “We feel confident that as travelers begin making plans to take a much-needed vacation in the new year, our value proposition – the convenience of nonstop flights, industry leading safety measures and Hawaiian hospitality – and the appeal of Hawaii create a very attractive choice.”
To back that up the airlines is adding several new flights:
- March 9 a daily nonstop from Long Beach, CA to Kahului
- March 11 two weekly nontop flights between Honolulu and Orlando, FL
- March 16 that will get bumped up to five weekly nonstop flights between Honolulu and Ontario International Airport.
- April 21 twice weekly service between Honolulu and Austin, TX
Hawaii’s Governor Ige To Start Furloughs Next Year
Thousands of Hawaii state employees will be furloughed for two days a month starting Jan. 1, 2021 in an effort to balance the state budget. The state has a $1.4 billion dollar shortfall caused by the chocked off tourism dollars due to the pandemic. First responders, medical, public safety, consumer affairs and transportation will not be a part of the furloughs.
So far, the state has taken $345 million out of its $400 million rainy day fund and borrowed $750 million in short-term bonds in its attempts to delay furloughs. Also being considered are program cuts to save $600 million a year.
Kiawe Roots and Downstairs Merrimans Closes In Poipu Beach
Last week Kiawe Roots, which is located above the closed Tortilla Republic, closed their doors. Additionally Merrimans downstairs is shut down as well, updstairs they are still open. Kiawe Roots started as a food truck but it’s popularity allowed the family owned business to open their own restaurant. They are still going to be in business and told the public to watch for “pop up” locations, they will also continue with their catering.