Kauai Real Estate Update- This listing update will not be accurate for new listings because an office changed their address and it kicked their existing listings into being “New Listings”. There are 44 “Just Listed” properties but 22 of those were existing listings. For that list click here; Kauai Real Estate Update October 14 to 21, 2024
Poipu Beach Real Estate Update- For a complete list of all the fee simple real estate activity in Poipu Beach since the beginning of this year click here; Poipu Beach Fee Simple Current Market Analysis
Kiahuna Plantation Real Estate Update- In Escrow | Ocean Front Kiahuna Plantation #191 List Price $875,000 (LH). Under contract within 8 days after being listed is this ocean front ground floor corner unit at the Kiahuna Plantation, it was also the only oceanfront unit on the market. For a complete list of all the real estate activity at the Kiahuna since January click here; Kiahuna Plantation Current Market Analysis
Wilcox Nurses Picket
Last week Nurses from Wilcox Hospital held a “informational picket” which differed from a picket done after a strike. Their concerns are much the same as the recent ones held by the nurses at Kapiolani Hospital on Oahu, however, the Kauai nurses want to avoid what happened in Oahu. After the Kapiolani nurses held a one-day strike the hospital locked 600 of them out until they could reach an agreement with the union.
The nurses at Wilcox want the public to know “We are simply asking for guaranteed nurse-to-patient ratios and safer staffing numbers in our new contract. Our patients trust us to keep them healthy, safe, and alive and we want to do everything we can to maintain that level of trust and care.”
Contract negotiations have been ongoing since May of this year.
Bill For Kauai Guest Houses Passes
Spoiler Alert; if you live in a subdivision that has an HOA this may not apply to you.
Bill 2933 will allow one guest house on land that is zoned residential, agricultural, commercial, open and university. This is a big departure from what it had been before and it’s all being done to address the current housing crises that we have. The Bill was approved by the County Council but still needs the Mayors signature.
Here are some key points:
🏡 A Guest House is defined as having 800 maximum sq ft, a bath and optional kitchen.
🏡The Guest House can never be split off and sold.
🏡The Guest House cannot be a vacation rental.
🏡Subdivision HOA covenants supersede this law (homes in subdivisions good chance you can't have a guest house)
🏡Lots with multiple dwellings will each be allowed its own guest house.
🏡You can have a Guest House or an ADU (Additional Dwelling Unit) but not both.
🏡The existing Sewer system must be able to accommodate the Guest House.
Make sure you do your due diligence before you start work on building a guest house. To read the Bill in its entirety click here; Bill 2933
Why It Matters: Condo vs Condotel
This video I did was inspired by a client of mine who is a loan officer on the mainland. He believed his unit was not a condotel and cited the reasons why, however, at the end of the day the lender for the buyer categorized this unit as a condotel. If you are buying, or selling your condominium over here understanding this distinction is key as it could make or break your deal. Knowing that the lender knows the difference early is crucial.
This video is less then two minutes long and will give a you good start on why this is important. Let me know if you have any questions on this video. For more information on getting a loan here on Kauai reach out to Valerie Harjo at [email protected]
