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.

Thanks for visiting Maui-Realty!

Frederick V. Burgart, Realtor

P O Box 1921
Wailuku, Maui, Hawaii 96793

OFFICE: 1-(808)-242-7249
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,

FAIL (the browser should render some flash content, not this).

Papakea Beach Resort,
Latest Newsletter

PAPAKEA

ROUND-UP

October  1, 2014

By: Fred V. Burgart (PB)

Frederick V. Burgart, Realtor

Aloha Papakea Owners & Future Owners,

Hope you all had a fantastic summer. Those of you who were here a few weeks ago for the Annual Owners Meeting were treated with gorgeous weather, perfect for the outside parties. After having the wettest winter in 10 years, Maui has since dried up so much that they are asking upcountry residents to conserve water. We didn't get much rain or weather from the 2 hurricanes that passed close by the islands last month. The Big Island took most of the wind damage. Tourism remains fairly strong but occupancies have dipped a bit. On the other hand, the Hawaii Tourism Bureau reported 10 billion dollars spent in Hawaii this  year and that is much better than previous years. Everything considered, Maui continues to be the place to vacation.

3RD QUARTER SALES STATS

During the last 3 months we had just 1 closed sale, increasing our sales total to 6 units sold in the first 9 months of the year. Last year at this time we had 15 sales, so sales have really fallen behind this year. With 1 unit now pending, sales activity is struggling to improve. Inventory has climbed recently , jumping up to 14 units now offered for sale. For the year as a whole, there really hasn't been much inventory for the Buyers out there. So, with a few more units for sale maybe we'll see some sales before the end of the year.

SEPTEMBER BOARD MEETING AND ANNUAL OWNERS MEETING

The meetings were held the weekend of September 26th & 27th at the neighboring Kaanapali Beach Club which is a convenient walk down the beach  from Papakea. The meeting had the highest turnout in years and there was no  problem getting quorum established.

Highlights of the Annual Owners Meeting were:

1)THREE BOARD OF DIRECTOR positions were open and  voted in were all Board members already. Elected: Barry Franzen(G-306). Elected: David Pasta (H-203). Elected: Ray Prasad (E-205)

2)FEE SIMPLE OFFERING: The fee offering was declared a super success. As the AOAO closes the books on the fee purchase, all of the AOAO 254 owners are now going to get some cash back with the money left in the fee purchase fund.

3)RESORT FEE: I guess the most controversial subject at the meeting is the new $15 'Resort Fee' which guests (& OWNERS) now have to pay. It seems like most owners don't like it, but the Board of Directors say it is needed to fund the operation of the front desk.

4)EXTERIOR RENOVATION PROJECT: They are just putting the finishing  touches on Building 'G'. And the LAST building for renovation is 'F' building which is well underway in it's renovation. It was reported that 102 owners did prepay their share of the renovation cost. The rest of the owners will start paying their share starting Nov 1st. Studios will be paying roughly $120 per month. one bedrooms: $150. & two bedrooms: $200.

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