Kauai Real Estate, Koloa Estates Price Reduction, Dwayne Johnson To Play King Kamehameha

Kauai Real Estate SOLD and NEW listings Island Wide! Add comments

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Lowest priced home available that has the opportunity to purchase a membership to the Club at Kukui’ula. 3 bedroom 2.5 bath on a half acre of land. Click on picture for a video tour and call me for more information at 808.346.0056

Kauai Real Estate Update 

To access a complete list of what sold, new listings and what went into escrow for last week click here: Kauai Real Estate Update

Poipu Beach Real Estate Update- Price Reduced on my listing in Koloa Estates that has Club at Kukui’ula membership rights.  This 3 bedroom 2.5 bath home is located in Poipu Beach, is single level on a half acres lot.  To find out everything and anything to do with Fee Simple real estate in Poipu since the beginning of this year click here: Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate Update- I thought we were done with the $40K sales in the Kiahuna but last week there was one.  This unit is located in a phase that is currently going through land lease renegotiations which may be a part of why.  For more information click here: Kiahuna Plantation Current Market Analysis

Dwayne “The Rock” Johnson To Play King Kamehameha
I heard this story about 10 years ago however it looks like the story of King Kamehameha being told on the big screen is now gaining traction.
Dwayne Johnson announced that he was humbled and honored to be chosen to play the lead Kahmehmeha in the new film “The King”.  Warner Brothers and New Line teamed together to make the film with Academy Award-winning director Robert Zemeckis (“Back to the Future,” “Forrest Gump”).
This is not without some controversy.  Hawaii social media and print articles reflect strong feelings against Johnson playing the King, many would prefer a Hawaiian playing the role.

Kauai Poipu Beach Marathon
“Perfection” This was the word that described the conditions for the annual Kauai Marathon located in Poipu Beach and now in it’s 10thyear.  And “perfection” was a welcome word given our recent weather events.  The island started filling up on Friday and the streets of Poipu were continuously dotted with runners at all times of the day as they prepared for Sundays run.
Runners from 48 states and 17 countries participated. The State of Hawaii was well represented with 1,235 local registrants of whom 909 were from Kauai, which were both event records.

Jennifer Goldstein of Pacifica, Calif., won the women’s marathon in 3:22:46.
Shinya Ohashi of Oshinomaki, Japan, won the overall marathon in 2:33:35.  Oshinomaki was hit hard by the 2011 tsunami, so Ohashi was running in honor of thousands who perished and are still missing.
Varinka Barbini Esminger of Lexington, Ky., won the women’s half marathon crossing the finish at 1:28:51. Jackie Reding of Kapaa was second at 1:33:20.

Kauai Joins In Lawsuit To Strike Investment Properties “Surcharge”
This is part III on my weekly update for new Real Estate laws that could impact you.  However this one is getting pretty interesting.  Hawaii, Kauai and Maui counties have joined the City and County of Honolulu in a lawsuit that seeks to strike from the November ballot Senate Bill 2922 a proposed amendment to the state Constitution that would allow the Legislature to create a “surcharge” on investment properties.

The ballot question and the question itself are “highly misleading and deceptive.”  The question asks voters: “Shall the Legislature be authorized to establish, as provided by law, a surcharge on investment real property to be used to support public education?”.  This bill has been spearheaded by the Hawaii Teachers Association.

In 1978 the State gave the constitutional convention gave the power to tax real property to the counties, which use the revenue to provide services such as police and fire protection and this bill would change that.  The Hawaii Association of Realtors oppose the bill because they said it would create higher rents for commercial and residential tenants as landlords pass along their higher taxes.

Kauai Year To Date Real Estate Activity
With the end of August we now have 8 months of real estate data to compare to this same time last year.  For Homes and Conodminiums the numbers are all up across the board.  Land sales overall did fine except for the North Shore, they are down in the number of sales and their Median Price compared to last year. The number of sales in Lihue are down but the Median Price is up but this will all change with the Nawiliwili Lots and Pikake II lots that have become available.

The graph below is general in nature; you are welcome to contact me for specific information as it relates to your area of interest at 808.346.0056.

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