Kohala Coast Real Estate – “Gold Coast” Sees Seller Financing

(MLS #238021)

Kohala Waterfront is one of the Kohala Coast’s most premier luxury gated communities—and is now offering Seller Financing.

Asking $395,000, this building lot is not only the least expensive lot in the entire subdivision, but this is among the lowest prices we’ve seen from the developer since 2003. In fact, there was only one sale in the $300,000 range in 2003; the rest were in 2002 and 2001.

One of the last lots owned by the original developer, this is possibly the closest lot to the ocean and the least expensive price from Kona to Hawai.

The seller is offering financing to qualified buyers. We know how difficult land loans and construction loans are in today’s lending environment.

Not ready to jump in, for fear the downward price trend is going to continue forever? Perhaps it’s time to reconsider—we’re already seeing signs up and down the coast indicating that for some neighborhoods, the bottom is long gone.

While it may be true that the Big Island continues to grow (think of the volcano creating new land in Puna, of course owned by the great State of Hawaii…) the old adage certainly applies here—there’s only so much oceanfront (and nearly oceanfront) property available, and when it’s gone, it’s gone. There’s a reason this is called Hawaii Island’s “gold coast”—is it time for you to find out why?