Waikoloa Colony Villas: a Waikoloa Beach Resort gated community of 22 acres
At this time last year, Waikoloa Colony Villas was counting nine town homes sold since the beginning of the year with prices ranging from $230,000 (2/2) to $355,000 (3/2.5). This year is quite different with only one sale so far, unit #1902 (3/2.5) sold for $365,000 last March after 499 days on the market. However, the number of sales should be picking up since 7 units are in escrow. So, what’s left for Kohala Coast buyers to choose from?
Waikoloa Colony Villas #2201
Recently reduced from $325,000 to $319,000, this 2 bedroom/2 bathroom floor plan unit (MLS# 243037) is the lowest price offered at Waikoloa Colony Villas. The listings below the $300,000 price tag are gone!
As the floor plan shows below, there is a full bath downstairs and the private master suite upstairs. It is offered completely furnished and it is not in a vacation rental program (owners use only). It has been on the market for almost a year and the owners are motivated.
Floor plan C – the same floor plan as Unit #2201
Waikoloa Colony Villas #505
This most recent listing (97 days on the market) is located along the 15th Fairway of the Waikoloa Beach Course and is also offered turnkey. It is an elegant 3 bedroom, 2.5 bath town home (MLS# 251814) offered at $389,000. The master suite has views of the fairway from its private lanai. Good location and good views!
Waikoloa Colony Villas #402
It is not the first time that I have mentioned this unit in a blog since it has been on the market for 695 days. Originally listed at $524,000, this 3 bedroom/2.5 bath unit (MLS# 235650) is now offered at $399,000. All bedrooms are located upstairs, the kitchen and living area are downstairs, and the dining area gives access to a lanai. The sweeping views of the golf course provide the perfect private back drop to a relaxing vacation. Did I mention this property is in a vacation rental program?
Floor plan B – the same floor plan as Unit #402
Overview
In short, there are a handful of town homes at Waikoloa Colony Villas, and if you were thinking of buying the resort lifestyle at a short sale/distressed price it sounds like you missed the bottom. Now what?
Beth Thoma Robinson R(B)
May 9, 2012
Catherine, hard to believe there are 6 in escrow and only 3 on the market at Colony Villas. Our inventory overall is so small relative to demand!
Beth Thoma Robinson R(B)
May 9, 2012
Catherine, hard to believe there are 6 in escrow and only 3 on the market at Colony Villas. Our inventory overall is so small relative to demand!
Catherine Klug, RS
May 9, 2012
You are right, Beth! This blog is a good way to review the inventory and health of the Waikoloa Colony Villas market by looking at the number of sold and listed properties. If the inventory is shrinking, we may be heading to a seller’s market…
Catherine Klug, RS
May 9, 2012
You are right, Beth! This blog is a good way to review the inventory and health of the Waikoloa Colony Villas market by looking at the number of sold and listed properties. If the inventory is shrinking, we may be heading to a seller’s market…