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 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,

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Papakea Beach Resort,
Latest Newsletter

PAPAKEA

ROUND-UP

July 1, 2016

By: Fred V. Burgart (PB)

Frederick V. Burgart, Realtor

Aloha Papakea Owners & Future Owners,

Happy Fourth of July!!  Hope everyone is enjoying their summer. On Maui, the summer season is in full swing now. Tourism seems busy as ever and the weather couldn't be more perfect. The only negative thing we've had lately was the fire on the hills starting at the Ocean Center in Maalaea, then over the Pali, and then burned over to the Lahaina Side of the Pali, burning all the way down to the road. It's going to be a little smelly for a while. All and all though,  it's looking like a great year for Maui. The annual owners meeting is just around the corner on September 24th. Look me up when you are here. Have a great summer.

2ND QUARTER & MID-YEAR SALES STATS 

During the last 3 months we have had 8 closed sales, brining us up to 11 closed sales for the first half of the year. Last year at this time we had 7 sales, so we're looking much better than last year. And with another 4 units now pending in escrow, we've got even more sales in the works. Currently, there are 22 units offered for sale, which is where inventory has been hovering. We'll see how the rest of the year goes, but so far so good. Check out the enclosed 'Papakea For Sale' insert. We've got those oceanfront listings that have never been offered for sale before. Another 'never before': we have no fee simple units on the market for our largest one bedroom oceanview category.

JUNE BOARD MEETING

The Board of Director meeting was held on June 17thh in the AOAO upstairs meeting room. The meeting is normally a quiet meeting and it was as the Board passed a big laundry list of policy revisions.

Highlights of the meeting were:

1)Seawall Update: The first phase of the project is now completed. The seawall in front of 'L' building is now repaired and with the new sod, looks great. They've been working at the seawall in front of 'A' building for the next phase of the project. Then they are supposed to move to the Phase I shuffleboard court area.

2)BOARD OF DIRECTORS:

There are 2 Board of Directors openings to be voted on in the upcoming Annual Owners Meeting.

3)FIRE WINDOW REPLACEMENT:  9 units reportedly are done. Another 50 on order. The remaining owners will be notified again.

4)LOBBY RENOVATION

The AOAO is waiting for the  building permit to the approved by the County of Maui.

I am down to 2 listings:

Ground floor studio: #E-108 @ $325,000 FS

Oceanfront one bedroom #F-109 @ $550,000 FS

Both are the lowest priced in their category and both willing and ready to sell.

Have a great 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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