Jo Dorner

Jo Dorner's Kapalua Real Estate Blog

Jo, the resident specialist for Kapalua Resort, brings you up-to-date on West Maui's real estate market, Kapalua events, island activities, foreclosures/bank REO's and areas of interest. Subscribe today to receive notification of blog updates!

Luxury Villas on the West Side of Maui

Jo Dorner talks about the latest real estate luxury villas on the West Side of Maui.
December 07, 2011

By Jo Dorner

Currently, our real estate market has been hovering over a lot of REO sales as well as short sales, both of which take months to close. Since May 1999, we have watched the stock market hit 11,100 and continue to do so off and on into 2011.

As far as one bedroom units are concerned, they widely range from a low end of $425,000 at the Golf Villas to a high end of $14M at the Plantation homes. In between those one bedroom unit polarities, are the Ridge Villas and Bay Villa units.

On the low end for one bedroom unit at the Ridge Villas starts at $550,000, which has not changed since 2010. As for the Bay Villas, a one bedroom sold at a low end of $597,000 due to a bank REO.

The Golf Villas in the 400K range are worth paying attention to for numerous reasons. For one, these villas are located on the bay course. Whether you are playing golf all day or just enjoying the view of our infamous Maui sunset, either way the view is spectacular. Not to mention, the easy walk to the beach, spa, and/ or tennis courts makes it a bonus. Furthermore, not only are these Golf Villas great for rental units, but what better second home to have on Maui.

Additionally, the Golf Villas has recently held their annual meeting. A few renovations are to take effect over an estimated two year period, including redoing all buildings. The color scheme has been decided, which is set to enhance the overall prestigious feel that the Golf Villas has to offer.

An ongoing project involving Building 11, located next to Pineapple Grill, has been finishing up some renovations of their own, such as their new roof top. In addition to the removal of the shutters from their windows, also extracted are the trellises that were once on their lanais. This has opened up their view significantly.

This year has not been a great for the Ridge Villas. Only two one bedroom units have been sold within the $550- 560K range. As for the Ridge Villas two bedroom units, no sales have been recorded in 2011. Although the Ridge Villas have been somewhat neglected by the discerning buyer, they really should not be. Personally, I reside in the Ridge Villas and find it to be the best living. Each unit has a carport, carport storage, and all one bedroom units have two full baths. I am more than happy with my choice and I am certain any potential buyer would be too.

The Ritz-Carlton Residences at Kapalua Bay have had six recorded closing this year. Selling prices have ranged from 2.8 to 3.3M. However with the Lehman bankruptcy still on the table, we are all awaiting the outcome and hoping that the new buyer of the project will soon take over.

 

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Blogs for December 2011

Lahaina Alive and Well

Posted on December 23, 2011

By Jo Dorner

Although inventory on the West Side has decreased, especially in the lower end, due to the increase in foreclosures and REO sales involving the Napili Villas, Villas at Kahana Ridge, and Napilihau Village areas. Overall, the West Side is still alive and well. New projects such as Breaks… Continue Reading

Luxury Villas on the West Side of Maui

Posted on December 07, 2011

By Jo Dorner

Currently, our real estate market has been hovering over a lot of REO sales as well as short sales, both of which take months to close. Since May 1999, we have watched the stock market hit 11,100 and continue to do so off and on into 2011.

As… Continue Reading

Jo Dorner, R(S)
Lowson & Associates
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Email: Jo@JoDorner.com
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Jo Dorner, R(S)
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