ABOUT
Set within the iconic 1,839 acre Mauna Kea Resort on the Kohala Coast, the Mauna Kea Residences offer a range of luxury two- to seven-bedroom residences. Owners can join the Club at Mauna Kea which allows access to the resort’s two white sand beaches as well as the many resort and hotel amenities including the swimming pools, fitness centers, Seaside Tennis Club, two championship golf courses, spa and dining. The resort offers a range of real estate options, including homes, townhomes, condominiums and vacant land, with the lowest density of any other resort on the Kohala Coast.
DID YOU KNOW?
May Day is Lei Day in Hawai`i! May Day celebrations in Hawai`i got their start in 1928 when a writer from Oklahoma joined forces with another Hawaii newspaper writer and came up with the idea of honoring the tradition of the lei. On May 1, 1928, the first Lei Day was held on Oahu in the lobby of Bank of Hawai`i and featured a lei competition featuring the flowers and colors of the islands as designated in 1923 by Hawaiʻi’s Territorial Legislature. Ever since this inaugural lei competition in 1928, Hawai`i continues to celebrate May Day with lei competitions, May Day courts, mele, and hula. Keep an ear out for May Day programs around the island. Several of the shopping centers in Kona and on the Kohala Coast are holding special events. The Waikoloa Beach Resort held a lei-making event with the goal being to create a 5-mile-long lei.
APRIL 2023 STATS
No single-family home sales during the month of December, 2022 or January-April, 2023. In November, one home sale recorded in Mauna Kea Resort in the month of November at $4.35M, 100% of Sale to Current Price. The home spent zero days on the market and price per square foot was $1,510.
Mauna Kea posted a single condominium sale in April. The unit closed at $1,722,500, 96% of the Sale/Current Price after 24 days on the market. Price per square foot was $1,477.
WEATHER
2022 YEAR END MARKET STATS
Eight homes sold in Mauna Kea Resort in 2022 ranging in sales price from $3.095M to $15.050M. This is an average sales price of $6,781,284 or 96.7% of Sale/Current Price. The residences spent an average of 112 days on market and the average price per square foot was $1,511.
Sales on 16 condominiums in Mauna Kea Resort closed in 2022. Their sales prices ranged from $1.39M to $6M, averaging out at a sales price of $3,198,206 or 99.3% of Sale/Current Price. The units were on the market an average of 16 days and the price per square foot for the units was $1,387.
REAL ESTATE TIP
Don’t Buy in Hawaii for Cash Flow
Most savvy investors realize there are only two plays when it comes to investing in real estate - cash flow and/or long-term appreciation. Ideally,...
MAUNA KEA EVENTS
After a three-year pandemic pause, Honoka‘a Western Week is riding into town May 19-29 to celebrate the community’s paniolo heritage. There will be a roundup of friendly competitions, ‘ono food, music, dancing, storytelling, keiki games, and Hāmākua’s special breed of cowboy culture. Grand Marshalls for this yearʻs parade on Saturday, May 20, are long-time Hāmākua and paniolo people, Waltham and Bernadette Johansen. The parade segues into a Block Party which includes a Saloon Girls and Cowboys Got Talent Contest, along with food trucks, vendor booths, and boot-stompin’ music by the Saddle Road Band. The ever-popular and lip-licking Portuguese Bean Soup Contest returns on Tuesday, May 23, at Ahualoa Family Farms Mac Nut Factory. New this year, is the Smoke Meat Contest. Honoka`a Western Week will also hold a Silent Auction as a virtual online event, from May 19-29. Over the last three years, funds raised by the Silent Auction have helped connect the island community of today with its agricultural and paniolo roots, and support scholarships for local youth. The bidding site will open Friday, May 19 at 7 p.m. and close on May 29 at 7 p.m. Except for a nominal charge for rodeo admission, events are free, and everyone is encouraged to join in the fun. Collectible HWW buttons will be available to purchase for $5 as a show of support, as well as “insurance.” Although buttons are not required for admission, attendees receive fair warning that those without buttons at the Block Party risk being thrown into the hoosegow by roving sheriffs. (All in good fun). For more information, honokaawesternweek.org.
Location
Mauna Kea
Video Tips
Mauna Kea Real Estate
- Display Address: 62-3918 KAUNAOA IKI RD Kamuela 96743
- Price: $8,495,000
- Display Address: 62-3762 KAUNAOA NUI RD Kamuela 96743
- Price: $7,995,000
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- Sold: $1,722,500
- Sold Date: 2023-04-24T10:00:00Z
- Sold: $2,725,000
- Sold Date: 2023-03-31T10:00:00Z
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Statistics provided courtesy of Hawai'i Information Service.