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?
The sugar industry dominated Hawaii for over 150 years, and it should be noted that sugar cane was one of the canoe plants brought from Polynesia to Hawai`i with the first Hawaiians. The crop came to the notice of the Western world with the first explorers of the islands. The first successful sugar plantation was in 1835 on Kauai and by the 1890s sugar cultivation was happening on 61,000 acres of land on the larger Hawaiian Islands. Labor was always an issue for plantation owners and beginning in the 1850s sugar companies recruited workers from mainly Asian nations such as China, Japan, and the Philippines. Later, sizable populations of workers also came from Portugal, Russia, Norway, and Korea. Sugar influenced the political developments in Hawaii’s history and sugar was one of the contributing factors that led to Hawai`i becoming a part of the United States. As time went on, the cost to produce sugar steadily climbed and it became cheaper to produce sugar in other countries. Many sugar plantations and mills closed throughout the 1980s to the early 2000s. In 2016, the last sugar company, Hawaiian Commercial & Sugar, closed its doors and the sugar industry in Hawai`i came to an end. Perhaps the most noticeable legacy of sugar in Hawai`i today is its multicultural population. Descendants of the plantation workers comprise Hawai`i’s unique population today.
September 2024 STATS
Kohanaiki recorded one home sale during the month of September. The residence spent 19 days on the market and sold for 90.50% of the Sale/Current Price or $10.5M. The land/building price per square foot was $3,675.
There were no condo sales in September. Three condominium sales were recorded at Kohanaiki during the month of May. Prices ranged from $4.7M to $6.4M, averaging 95.87% of the Sale/Current Price. The units spent an average of 13 days on the market and the average price per square foot was $2,133.
WEATHER
2023 YEAR END MARKET STATS
Sales on five Kohanaiki homes closed in 2023, with prices ranging from $5.2M to $14M. The homes averaged a 99.64% Sale/Current Price or $7.48M and were on the market for an average of 22 days. The price per square foot, land/building, averaged out at $2,811
Three residences classified as condominiums closed at Kohanaiki in 2023. Sale prices ranged from $3.95M to $5.M with the Sale/Current price averaging 99.11% or $4.95M. The homes spent an average of 94 days on the market with a price per square foot of $2,199.
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KOHANAIKI EVENTS
Take a walk down memory lane, or learn about Hawai`i’s historic sugar industry, during the Hamakua Sugar Days Festival in Honokaa, October 5 to 20. A highlight of this two-week celebration is the Hamakua Sugar Days Parade on October 12 at 10 a.m. down Mamane Street. The event commemorates the 30th anniversary of the final harvest at Hamakua Sugar and honors the hard work of all sugar workers throughout Hawai`i. In addition to the parade on Oct. 12 is an agriculture and sustainability fair, pumpkin patch and live music at the Honoka`a Complex Park. At the Honoka`a Heritage Center there will be exhibits, a cultural village and educational activities. All sugar workers and anyone with an interest in the long-running, colorful history of the sugar industry are invited. For more information, visit hamakuasugardays.org.
Location
Kohanaiki Resort
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Statistics provided courtesy of Hawai'i Information Service.