Kauai News--Kamamalu Buyer Restrictions Removed

By
Real Estate Broker with Keller Williams Realty RB-20941

Buyer restrictions have been removed for Lihue's affordable housing called Kamamalu.  These brand-new, 2 bedroom condominiums are now available to all buyers including investors.  This project was an offset to the Kauai Lagoons luxury condos & homes and was intended to provide affordable housing to Kauai residents.  Demand was less than expected and less than 1/3 were sold as affordable units.

More information and a video will be posted soon.

 

Posted by

Richard T. Dolbeare, R(B) photo

 

Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
Richard Dolbeare eBusiness Card

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Topic:
ActiveRain Community
Location:
Hawaii Kauai County Lihue
Tags:
kamamalu
kauai affordable housing
kauai lagoons
lihue affordable housing
kauai workforce housing

Comments 4 New Comment

Rainmaker
246,805
Julie A. Black
CLHMS, CRS, GRI, Realtor, Broker
KAUAI DREAMS REALTY Kauai Real Property Specialist

I think originally they were selling them leasehold. Now that they are fee simple they're a much better deal. I noticed your Makahuena got reduced. My client is now no longer interested, How ya figga?

May 14, 2011 03:37 AM
Ambassador
663,500
Ann Allen Hoover
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL
RE/MAX Advantage South

Hi Richard, I'm looking forward to seeing the video when you have it available.

How is life over in paradise?

June 02, 2011 08:54 AM
Ambassador
1,381,933
Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Richard this sounds like good news to me.   The number of sales should increase now that restrictions were lifted.  Look forward to the video.

Enjoy whats left of the weekend.

 

 

June 11, 2011 11:33 PM
Rainmaker
917,288
Georgie Hunter
Maui Real Estate sales and lifestyle info
Hawai'i Life Real Estate Brokers

Maybe those who could qualify to own one were not able to qualify for the mortgage!

June 20, 2011 10:42 PM
Rainmaker
389,776

Richard T. Dolbeare

R(B), ABR, CRS...Hawaii Multi-Island Specialist
Buy a home or condo in Hawaii
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