E komo Mai
Aloha!!
& Welcome! It's been beautiful here on Maui with full on summer tourist
season and the best climate in the world. I'll be
holding open house again this weekend in #K-204 on
Sunday 1-5pm. Come see the upgrades this one has that
everyone falls in love with.
Excited about my new
listing, 2nd floor, oceanview, 1BR #E-205 @ $279,500
Leasehold. Best value (& lowest priced) all the
listings available @ Papakea. I've also got a lower
price on my Fee Simple, 3rd floor, oceanview 1BR #G-304
@ $499,000 FS. We've got choices here!!
Funny story: A few
weekends ago while I was holding open house in #K-204, my
wife Danielle, took pictures of the water hitting the Papakea seawall. She uploaded them to the Honolulu news
station, who on the Sunday 9pm, 10pm, and then again on
Monday morning show had her picture (with my name on it)
pictured and saying "Fred Burgart hanging out at the
Papakea Beach Resort on Maui". Many of my friends
saw it and called me. It was also good
advertisement for the property and I'm still giggling
about it :)
The recent Board of Director meeting was held Friday,
June 18th. Nothing really good or bad came of the
meeting, except Fee Simple update revealed it may be up
to 2 years before the Weinberg family will be able to
sell the Fee Interests. In the meantime, Michael Pang
reported the pending negotiations for the land lease
will continue and an appraiser has been agreed upon. He said worse case scenario would have
the leaserents increasing up to 8 TIMES next year for
Phase I owners.
There were 3
sales reported for each month of April & May.
Oceanfront 1BR #A-209 @ $475,000 (LH) is now pending, which gives us
2 units now
pending!!
We are down to only 18 units for
sale.
And we have just 3 units for sale
on the oceanfront.
First closing of the year, my listing: Oceanview 1BR #D-207 @
$260,000 (LH).
Papakea oceanview 2br/loft #H-405
@ $599,000 (LH) lasted about week on the market
and is now our 2nd sale of the year @ FULL PRICE.
This happened because it was listed $200,000 lower than
any other 2br/loft. Wow!!
Third closing of the year: Oceanfront 2BR#L-205
@ $925,000 Fee Simple.
Fourth closing of the year, my listing:
Gardenview 1BR #J-107 @ $240,000 (LH) on April 22nd,
Earth Day.
Fifth closing of the year: Oceanfront 1BR #F-302
@ $300,000 (LH).
Sixth closing of the year: Gardenview 1BR #C-105
@ $200,000 (LH).
Seventh closing of the year: Oceanfront studio
#A-306 @ $261,500 (LH).
New Lower price: upgraded
2BR #K-204 NOW @ $875,000
(FS). This one is 'over the top'. Plus it also has the oceanview master bedroom
right over the pool.
Pretty much just what everyone wants. Lots of upgrades
you gotta see. Open houses on Sundays 1-5.
How about a unit that feels like a home?
3BR/3BA #D-404 new lower price @ $850,000 (FS). Oceanview
master bedroom, extensively remodeled, and totally
turn-key. Want good value? Of course you do!! How about
this 3BR for the price of a 2BR. Fee Simple.
If Fee Simple is over your budget, reduced priced,
2BR #H-106 @ $595,000 (LH). Another gorgeous, turnkey
unit in immaculate condition. #H-106 doubles your oceanview with
the oceanview master bedroom. Though it is ground floor,
it has views straight down the
beautiful Papakea courtyard on out to the ocean.
Just updated, so check the link to my July 1st
NEWSLETTER.
Check MY
LISTINGS to see some pictures of the units and to
find out the current costs of ownership. I've got #K-204
, #G-304 , #E-205 #D-404 , & #H-106 & #F-210
Click on
UNITS SOLD for updated sales prices and
FOR SALE to check out our current offerings. Got
questions? Let me know. Thank you. |