ABOUT
Surrounded by lava flows and over 1.5 miles of uninterrupted white sand beachfront, Kohanaiki sits on 450 acres on the Kona Coast. This private community features world-class amenities including access to a unique private club experience with a 67,000 sq.ft. clubhouse completed in 2019. Members can take advantage of the tennis facility, 18-hole Rees Jones designed private golf course, full fitness center, even a community farm. Up to 400 residences are planned for the community, including 75 ocean and golf view custom home sites.
DID YOU KNOW?
Since this month's community event is about the Hawaiian Slack Key Guitar Festival, this cultural byte centers on the slack-key guitar or, in Hawaiian, kī hōʻalu, which means "loosen the [tuning] key"). It is a fingerstyle genre of guitar music that originated in Hawai`i after Portuguese cowboys introduced Spanish guitars here in the late 19th century. Hawaiians did not embrace the tuning of the traditional Spanish guitars they encountered. They re-tuned the guitars to sound a chord (now called an "open tuning") and developed their own style of playing, not using a flat pick, but plucking the strings. Slack-key guitar was adapted to accompany the rhythms of the hula and the harmonic structures of Hawaiian music. The New York Times described the music as "liquid, rippling, and hypnotic". Today, the slack key guitar and its artisans are recognized around the world.
AUGUST 2022 STATS
One home sale was recorded in the month of August at 106.1% of the Sale to Current price. The home, which closed at $8.272M, was on the market for zero days. The price per square foot was $2,137.
There were no condo sales in August.
WEATHER
2021 YEAR END MARKET STATS
Nine single family home sales were recorded in 2021, ranging in Sale Prices from $4.225M to $19.5M. Average days on market was 96, with an average Sale to Current Price at 93.8%. The average price per square foot was $2,427.
Twenty-two condominium homes sold in 2021, with List Prices ranging from $2.295M to $5.6M and days on market averaging at 89. These homes sold, on average, at 100.7% of the Sale to Current price and the price per square foot averaged at $1,504.
REAL ESTATE TIP
Call Me When the Market Tanks
“Call me when the market tanks.” That was the email I got from a recent buyer of ours. He was expressing in words what many people have been...
KOHANAIKI EVENTS
It's only 12 days before the 25th Annual Hawaiian Slack Key Guitar Festival - Kona Style - on Sunday, September 18, 2022 in the beautiful ballroom of the Outrigger Kona Resort & Spa in Keauhou, HI from 1:00 PM - 5:00 PM. Bring your friends and family and enjoy 4 hours of great music by 12 of Hawaii's finest artists in the genre. For more information visit https://www.facebook.com/Slackkeyfestivals
Location
Kohanaiki Resort
Video Tips
Kohanaiki Resort Real Estate
- Display Address: 73-6228 Alani Loop Kailua Kona 96740
- Price: $6,500,000
- Display Address: 73-4810 HINAHINA RD KAILUA-KONA 96740
- Price: $4,699,000
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- Sold: $8,272,207
- Sold Date: 2022-08-01T10:00:00Z
- Sold: $4,595,000
- Sold Date: 2022-07-13T10:00:00Z
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Statistics provided courtesy of Hawai'i Information Service.