Category Archives: Kauai Real Estate

Real Estate Listings

Kauai home sales increase in 2018, prices rise 6%

By  – Real Estate Editor, Pacific Business News

Home sales on Kauai rose in 2018, compared to the previous year, while median prices for both single-family homes and condominiums rose 6 percent, according to statistics provided by Hawaii Information Service ob behalf of the Kauai Board of Realtors.

Single-family home sales rose 8.17 percent in 2018 to 596 houses sold, from 551 houses sold in 2017. The median price of those homes was $699,500, which was a 5.98 percent increase from $660,000 in 2017.

Condo sales increased by 11.06 percent last year, from 452 units sold in 2017. The median condo price on Kauai last year was $459,000, an increase of 5.52 percent from $435,000.

For the month of December, the median price of a Garden Isle condo jumped 21.72 percent to $660,338, from $542,500 in December 2017. The number of condos sold declined to 41 units, from 42 units during the same month the previous year.

The number of single-family homes sold in December increased to 45, from 42 in December 2017, while the median price of those homes increased 6.38 percent to $625,000, from $587,500.

Organic farm next to Facebook CEO’s Kauai property on the market for $23M

By   – Real Estate Editor, Pacific Business News

The 44.63-acre Kauai Organic Farms on N. Waiakalua Road in Kilauea on Kauai’s North Shore is one the market for $22.95 million. The property, which is adjacent to 89 acres of land recently acquired by Facebook CEO Mark Zuckerberg, is being marketed by Cushman & Wakefield ChaneyBrooks in Honolulu with advisory services from Cushman & Wakefield’s Land Advisory Group in San Diego.

Click HERE to read the article on Pacific Business News

Construction begins for new grocery-restaurant hybrid in Kauai’s Kilauea Lighthouse Village

By   – Reporter, Pacific Business News

Construction has begun for the 12,700-square-foot Kilauea Market + Café in the Kilauea Lighthouse Village on Kauai, a new grocery-restaurant hybrid from the Sullivan Family of Companies’ Kalama Beach Corp.

The Sullivan Family of Companies also owns the Foodland and Food Pantry stores in Hawaii.

The Kilauea Market + Café will anchor the 43,000-square-foot Kilauea Lighthouse Village, a neighborhood center in historic Kilauea Town, which is under construction and expected to be completed by the end of the year.

Hunt Cos. is the developer of the center, which broke ground in September 2016.

The Kilauea Market + Café, designed by architects G70, is expected to open in May.

The store will feature specialty, gourmet and traditional grocery items, as well as a coffee bar, an in-store dining and seating area, and made-to-order foods from an in-store kitchen.

“Our team is excited to have the opportunity to bring a new grocery shopping experience to Kilauea,” Vernon Ikebe, vice president of sales and operations for the Kalama Beach Corp. said in a statement. “Kilauea Market + Café will be a fun place for visitors and residents to enjoy favorite foods, sip a glass of wine, pick up a delicious snack or discover fresh local products – a place where the community can gather.”

Other Kilauea Lighthouse Village tenants expected to open in the first half of 2019 include Island Soap & Candleworks; Kai Bar Coffee Roasters; Kauai North Shore Animal Clinic, a full-service veterinary practice focusing on small animals; Wailua Shave Ice; and Wyland Galleries.

Vote No for the Constitutional Amendment

In this year’s General Election on November 6, Hawaii voters will be asked to decide on a proposed constitutional amendment that would give the legislature the authority to create one of the largest tax increases in Hawaii’s history.  This change will affect all Hawaii residents and visitors. 

The ballot question reads:

“Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real property to be used to support public education?”

While the proposed intent is to help our public schools, this tax (they call it a surcharge) will pull $500 million+ out of our local economy every year and raise the cost of living for everyone in our state.  It will cripple the County’s ability to raise further funds for County services and infrastructure.  This New Property Tax will increase the cost of living and affects all investment properties in Hawaii – residential, commercial and agricultural – regardless of their value. The impact will be felt not just by local property owners, but by the people and businesses who rent from them. The result will be higher residential rents and business leases and an increase in the cost of goods and services.  Click on the URL below to learn more.  You owe it to yourself to understand the facts about this constitutional amendment before you vote.