From tropical beachfront condos to exclusive villas, real estate in the Waikoloa Beach Resort area offers something for every taste.
You’ll find the Waikoloa Beach Resort area in the Kohala region, which is located on the northwest side of the Big Island. A master-planned community, it encompasses 1,350 acres. The developer’s intent was to create a luxurious vacation destination so there are lots of things to do in the area, from spending the day at the beach to shopping in some of the areas fabulous stores. If you’re a history buff, the Waikola area is rich with ancient Hawaiian cultural sites, including some amazingly well-preserved petroglyphs.
Single-family homes in the area are priced from $179,900 up to $755,000, with the average list price at $495,711. Moderately priced condos start in the upper 200s and run up to over $1.5 million. The foreclosed home inventory currently sits at 59 homes in the Waikoloa Beach Resort area.
If you plan on building your Big Island dream home, you’ll be interested to know that there are several parcels of vacant land on the market. These parcels are priced from $95,000 for a small residential lot to almost $3 million for beachfront resort land.
In the past few months, Waikoloa Beach Resort properties sold for a median price of $279,000. This represents a 5.3 percent decrease from the same period one year ago. Five years ago, the median price was over $600,000, so the current low prizes offer an amazing buying opportunity for those in the market to purchase Big Island real estate.
If you plan on selling your Waikoloa Beach Resort property you’ll need lots of patience until the market fully turns around. There are buyers in the market, but homes aren’t selling as quickly as they did a few years ago. Arm yourself with an experienced, marketing-savvy real estate agent to ensure a speedy sale.
Waikoloa Beach Resort offers luxury beachfront living on a part of the Big Island that is blessed with almost perfect weather. Known as a golfer’s paradise, many of the area’s villas and condos are located right alongside the fairways.
Many mainland investors find the villas at Waikoloa Beach Resort excellent investment properties and they make the ideal second, or vacation home. Because the area is one of the most popular vacation destinations on the Big Island, many absentee owners rent their villas to other vacationers during the period they aren’t visiting Hawaii.
Buying real estate in the Waikoloa Beach Resort area is ideal for the retiree or anyone looking for a slow-paced, tropical lifestyle.