Wainani is a 70 lot luxury residential subdivision situated on 17 acres within the Visitor Destination Area (VDA) of Poipu, Kauai?that fronts the Kiahuna Golf Course.? All of the home sites have ocean or mountain views, and all but one of the lots have golf course frontage.? There are 63 fee simple, ready-to-build lots remaining, of which six are currently listed for sale.? Lot sizes range from 7,508sf to 12,132sf.? Prices for the six listed lots range from only $250,000 to $400,000.
To date, seven homes have been built in the subdivision.? Six were the model homes offered for sale by the original developer, Maryl Group, before they foreclosed in 2010.? Those model homes were sold at auction in early 2011 by the California based investment firm, Kennedy-Wilson, which acquired the property in foreclosure.? The six model homes sold for prices ranging from $870,000 to $1,000,000.? These sales were a fraction of the price of the one home that was sold by the original developer in mid 2008 which sold for $1,650,000.
Other than the two bedroom Kauai Cottage at Poipu Kai Resort listed for $595,000, the next lowest priced residential listing in the VDA zone of Poipu is presently $1,195,000. There are 22 more residential listings in the VDA zone of Poipu that range in price from $1,245,000 to $5,750,000.? Considering the high cost of the existing homes currently for sale, building a home on a $250,000 lot could make good economic sense!? While there are CC&R?s and Design Review Rules at Wainani, you are not obligated to build something exactly like the existing homes, although you could if you wanted to?they are quite nice!
In addition to the six lots that are on the market now, it may be possible to purchase one of the lots in Wainani not currently listed for sale. For a property map or more information please contact Kymry today!
One of the single level homes built in the Wainani subdivision
One of the two story homes built in the Wainani subdivision
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Aloha and welcome! Having lived in Hawaii since 1992 and raising her family here, Kymry is your Kauai relocation expert! Kymry fell in love with the beauty of the Garden Isle, especially its people, and quickly decided Kauai would become her permanent home. Having traveled all over the world as a Flight Attendant for Pan Am, Kymry believes Kauai is the most beautiful, tranquil, place on earth which is why she loves her career in real estate. Being able to share the island she loves so much assisting lifelong residents and also newcomers who are looking to call Kauai home is a dream come true. Kymry has earned several Realtor designations/certifications recognized by the National Association of Realtors: *ABR (Accredited Buyers Representative) *GRI (Graduate Realtor Institute) *SFR (Short Sale & Foreclosure Resource) *e-Pro (RE Technology/Social Media) *AHWD (At Home With Diversity) In April, 2011 she appeared on HGTV's real estate reality show, House Hunters; the first episode ever filmed on Kauai. If you are thinking of buying or selling on the beautiful Garden Island, Kymry works with both Buyers and Sellers island wide. She is committed to the essential principles of honesty, integrity, and confidentiality. Testimonials from her clients reflect her dedication, work ethic, market knowledge, personal attention, and the exceptional service she provides every step of the way and beyond. Kymry is available and ready to assist you in achieving your goals and realizing your island dreams! Call: 808-635-1490 or Email: Kymry@Kymry.com
Source: http://www.kauaireale.com/wainani-at-poipu-land-for-sale-in-vda-on-kiahuna-golf-course
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