Maui-Realty.com is dedicated to "The Papakea Beach Resort. We provide you with current condo/unit sales information which will help you with your purchase decisions. Please call and ask for Frederick V. Burgart, Realtor.

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Frederick V. Burgart, Realtor

P O Box 11024
Lahaina, Maui, Hawaii 96761

OFFICE: 1-(808)-283-5440
FAX: 1-(866)-451-2365
EMAIL:

Click on any of the options above to find the information you need. Or if you are interested in any other condo properties, I have full access to the complete MLS system. Please feel free to email me so I may provide you with the info you need.

Frederick V. Burgart,

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Papakea Beach Resort,
Latest Newsletter

PAPAKEA

ROUND-UP

October 1, 2017

By: Fred V. Burgart (PB)

Frederick V. Burgart, Realtor

Aloha Papakea Owners & Future Owners,

I hope you all had a fantastic summer!! Those of you were a week or two ago for the Annual Owners Meeting were treated with gorgeous weather, perfect for the outside parties. It's the 'slow season' right now, so it's a good time for the owners to come enjoy their investment. Tourism for the year looks to be on track for another record breaking year. And with the recent hurricanes in the Caribbean and Gulf Coast could very well benefit our tourist industry.

3RD QUARTER SALES STATS

During the last 3 months, there were 3 more closed sales, which  increases our sales total to 19 sales for the first 9 months of the year. Last year at this time we had 18 sales, so the sales are a tick above last year. With another 2 units now pending, sales activity continues steadily along. Our inventory is back up to 20 units offered for sale, the most we've had on the  market in a while. Thought it seems like things are slowing down, the sales we are seeing are the highest prices we've seen in a long time.

SEPTEMBER BOARD MEETING AND ANNUAL OWNERS MEETING

The meetings were held the weekend of September 29th & 30th at the neighboring Kaanapali Beach Club which  is a convenient walk down the beach from Papakea. The meeting hall was packed as usual and there was no problem getting quorum established.

Highlights of the meeting were:

1)Three Board of Director positions were open and voted in were:

Re-elected: David Pasta (H-203)

Newly elected: Gail Bonofiglio (E-105)

Newly elected: Laurie Scott (H-107)

It was an exciting vote because there were 7 owners wishing to serve on the  Board, the  most ever.

2)Treasurer's Report: Papakea is fiscally sound.

3)Emergency Seawall Repairs: Completed!!

4)Canal: If I heard it correctly, there is enough money stashed somewhere so there is no need for a special assessment that some owners were worried about.

My listings:

Oceanview one bedroom ground floor #G-104 @ $475,000 (FS). Beautifully remodeled!!

Oceanfront 2BR/2BA/LOFT #F-405 @ $1,095,000 (FS) NEW LOWER PRICE. Oceanfront master bedroom!!

Have a Prosperous 2017 year!

MY WEBSITE: if you are looking for updated information regarding Papakea, please search my website for all the latest info on sale,  listings, & cost of ownership.  You can always drop me a note for any questions you may have.

Aloha & Mahalo,

Fred


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