Kauai Real Estate Update- Access what Sold, was Just Listed and what went Under Contract last week on the island of Kauai by clicking here: Kauai Real Estate Update February 13 to 19, 2023
Poipu Beach Real Estate Update- For all the activity year to date for the fee simple properties in Poipu Beach click here: Poipu Beach Fee Simple Current Market Analysis
For the Kiahuna Plantation click here: Kiahuna Plantation Current Market Analysis
Just Listed, Sweet Townhome In Puhi
I really love this complex and have a long history with it, the first brokerage firm I worked for developed it! This is upscale townhome living with a wonderful location, jJust a short drive to Lihue and everything you need for life on the Garden Isle. The complex is tranquil and I just love the open spaces with the sidewalks that go through the property which are lit up at night. Wonderful pool onsite. This lovely 2 bedroom / 2.5 bath townhome in Puhi pairs the conveniences of in-town living with the space and privacy of a more rural setting. This complex is not in the VDA but you can long term rent out this property. Listing price $857,000 (FS)
For more details click on this link: Regency Hule’ia Unit 107
1 Hotel Hanalei Bay Opens
The former St. Regis Princeville Resort has officially opened as the “1 Hotel Hanalei Bay” and their doors opened last Wednesday. The first of its kind for the island of Kauai this high end luxury property focuses on sustainable luxury. It took a total of three years to complete the renovations and rebranding.
I did a rate check for April 11 checking out on the 14th and for the three night stay prices ranged from $1,453 for a 547 sq ft room to $9,534 for a 2,345 sq ft suite.
The website is really tremendous, to access it click here: 1 Hotel Hanalei
$4 Million Restoration For Hanapepe “Aloha Theatre”
Opening in 1936 the Aloha Theatre in Hanapepe is going to get a $4 million dollar renovation to convert it to a 16 room boutique hotel. The first floor will have 6 hotel rooms and two storefronts including Little Fish Coffee which currently is on Poipu Road across from the Kiahuna Plantation, the other store will be “Fonda’s Daughter” which will sell Hawaiiana items. On the second floor will be more hotel rooms and a restaurant.
Did you know… Hanapepe used to be the islands town seat? This was when Kauai’s main port was Port Allen. When George Wilcox revamped Nawiliwili Harbor in 1930 everything started making a shift to Lihue. The Aloha Theatre opened in 1936 but shut their doors in 1981 and has sustained two hurricanes since then.
The owner of the theatre is working with a local architect to keep the project as environmentally friendly as she can and in keeping with old Hawaii.
For more information here is their website: https://www.aloha-theatre.com
Bangkok Happy Bowl Thai Bistro & Sushi Bar Review
On Sunday night a group of us went to Bancock Happy Bowl/Thai Bistro Sushi Bar in the Poipu Shopping Village. We picked Sunday night because a client of mine sings there that night. I had not been there for a quite sometime and had never gone when Bonnie was singing with her friend Benny on ukulele. They have a Happy Hour menu until 6 o’clock.
My husband had the “Jimi Hendrix Roll” which was crab, avocado and asparagus topped with spicy Ahi, wasabi, tobiko, spicy mayo and sweet soy. My “Teriyaki Beef Bowl” sounded like a snooze fest compared to his meal but it was sooooo good and I was full. One of our friends ordered the Pad Thai Bowl and it looked really good.
The portions were excellent, service was good and no complaints on the prices. I recommended getting a reservation and they also do take out. They have music every night except Tuesday and Thursday, open every night as well. Here is their website: Bangkok Happy Bowl
Uptick In Mortgage Applications
Last week the Mortgage Bankers Association said loan applications increased 7.4% for the week ending February 3, 2023. Year over Year they are down 58%. Refinancing increased 18% but it’s down 75% from a year ago.
Joel Kan, the Mortgage Bankers Association vice president said that purchase activity is gradually coming back after homebuyers hit the pause button. The activity is reflective of Buyers getting over the shock of the higher interest rates and are encouraged with the rates going down about a percentage point from where they were. The decline has been happening for 5 consecutive weeks.
