This blog is generally about the Tacoma market, but I wanted to write about a condominium project that a high school friend of mine is involved with on the island of Maui. Why? Because as this September weather eventually turns on us, thinking about warm, tropical beaches and fruity drinks is a proven defense. Also, I know several of our clients from Tacoma visit Maui every year. They stay at the same place year after year. This year I want to encourage them, and perhaps you, to stay at Honua Kai and check out the real estate offerings while you are there.
The high points for now are this. Honua Kai is the only new whole ownership beachfront resort to be built in Maui in over 25 years. You can’t go anywhere else on island and buy what Honua Kai offers today. They have recently gone through and re-priced all of their suites. Prices start around $400K and values are comparable to what you might find in Seattle or Vancouver for that! Many are nearly half of what they were before the economic downturn. Interest rates make the cost of ownership more affordable and the desirable location also presents the opportunity to place your home in a rental management program. Lastly, some people predict well established destinations like Maui will recover very well in future years. This project in particular is over 70% sold and continues selling strong even through the current economic downturn. Please, if Maui is interesting to you, call or email for more info. [email protected] 253.318.1005.