SECTION
Sunday, 5/10/15 HONOLULU STAR-ADVERTISER
R
HAWAII’S
homes P L A C E YO U R A D T O D AY - 5 2 1 - 9 1 1 1
Waikiki The Watermark Waikiki 1551 Ala Wai Boulevard #3005 BREATHTAKING VIEWS OF THE OCEAN & STUNNING VIEWS IN EVERY ROOM enrich this newly remodeled 3 bedroom, 3.5 bath luxury unit. Located on 4 acres of lush landscaping at the prestigious Watermark, this furnished, double unit has over 2,300 sq. ft. of living space. Kitchen features African mahogany cabinets, Brazilian granite, Viking stainless steel appliances & travertine floors. Bathrooms feature mahogany cabinets & marble counters. Wood floors add elegance to the home. 4 assigned parking. Resort-inspired amenities include infinity pool, barbecue alcoves, air conditioned fitness pavilion & concierge services. PV cells on garage roof help lower maintenance fee. Offered at $3,888,888 FS. (Similar Unit 2105 available for $2,988,888 FS). Listed by LIST Sotheby’s International Realty. Call BOO YOUNG LEE (RA), GRI at 808-738-7176. Shown by appointment. (MLS 201505763)
Poamoho Preserved T he purchase of the Poamoho Del Monte plantation camp and conversion into fee simple real property by Realtor/Developer Peter Savio made it possible for residents to continue living in their homes and eventually purchase them. The impending demolition of the 80-year-old pineapple plantation camp near Wahiawa and eviction of its longtime residents were brought to Savio’s attention in 2007. “It was one of those situations where everybody concerned —the landowner, ILWU, the George Galbraith
Trust, and Del Monte, whose lease on the property was due to expire — were sympathetic to the plight of the renters and wanted to help, but nobody was ready or equipped to create a mechanism through which the camp could be saved,� Savio said. After discussions with Del Monte’s legal counsel, it was determined that Savio’s Hawaiian Island Development Co. Inc. would buy the leasehold camp with its 63 homes for $10.� Savio then approached landowner Galbraith Trust and proposed purchasing the 30acre camp and 60 acres of ad-
jacent agricultural land in fee for $2 million. “The situation was critical because the Del Monte lease on the land was due to expire and
Look inside for
HAWAII’S OPEN HOUSE GUIDE
521-9111
S TA R A D V E R T I S E R . C O M / H O M E S
the Galbraith Trust required restoring the property to its natural state.ďż˝ Fortunately Del Monte and Galbraith were open to a proposal that would satisfy both them and the renters, who wanted to stay,â€? Savio noted. “We worked with the City and County of Honolulu to determine the best mechanism to make it possible for the residents to buy their homes at the best possible price.ďż˝ For our company, it was a ‘costplus’ project. “The process was lengthy and complicated, but eventually culminated in the best possible outcome for the residents.ďż˝ The City and County granted a variance so I could condominiumize the property.ďż˝ Homes were initially sold at an average price of about $131,000 and appraised almost double that.ďż˝ The latest
appraisal I heard was $365,000.ďż˝ “Now, 56 of the families who were able to obtain mortgages own their own homes and continue to remodel. Five have torn down the old structure and are building new.ďż˝ For an additional 16 who were unable to qualify for mortgages, but wanted to continue living at Poamoho, I offered Agreement of Sale.ďż˝ Most of those families have refinanced or are in the process of refinancing.ďż˝ Sixty of the acres are rented out to a farmer with the proceeds going toward lowering the maintenance fee. “Poamoho is one of Oahu’s few remaining plantation communities and home to more than 300 people.ďż˝ The single-family homes, which were built in the 1930s, have from one to three bedrooms and are designed in the style of the period with board and batten construction and double hung windows.ďż˝ Most of them are well maintained with flower and vegetable gardens in the yards. Typically, the camp includes a central park and community hall where the residents’ council holds its meetings. Poamoho is a piece of old Hawaii ‌ and we’re pleased to have had a role in preserving it,â€? Savio said.
ATTRACTIVE HOMES, ATTRACTIVE PRICES.
$310,000 FS | $1,258 a month!
$325,000 FS | $1,319 a month!
$334,000 FS | $1,355 a month
$399,000 FS | $1,619 a month!
Conveniantly located. Has private yard. 2/1.5/1
Private courtyard. View from lanai. Pets ok. 2/1/2
Unit with courtyard. Gated community. 1/1/1
Great value. Breezy corner unit. 2/2/2
MILILANI AREA MLS 201506262
KAPOLEI-MALANAI MLS 201506371
HALAWA MLS 201507842
HAHAIONE-LOWER MLS 201507504
$429,000 FS | $1,741 a month!
$462,000 FS | $1,875 a month!
$485,000 FS | $1,968 a month!
$540,000 FS | $2,191 a month!
Newly upgraded. Unique two car garage. 3/2.5/2
Resort living. Plenty of storage. 2/2/2
Rare, affordable B-2 zoned, 4-bed/2-bath SFH. H.
Large rooms. High ceilings in 3-bed/2.5-bath SFH.
OCEAN POINTE MLS 201507510
KO OLINA MLS 201507639
WAHIAWA AREA MLS 201507444
WESTLOCH FAIRWAY MLS 201507633
$565,000 FS | $2,293 a month!
$625,000 FS | $2,536 a month!
$640,000 FS | $2,597 a month!
$698,000 FS | $2,833 a month!
Spacious 4-bed/2.5-bath SFH.
Final phase of famous Ilikai studio/1/0.
Cozy and clean 4-bed/2.5-bath SFH.
MILILANI AREA MLS 201506430
PACIFIC PALISADES MLS 201507453
WAIKIKI MLS 201506427
MILILANI MAUKA MLS 201506432
$712,500 FS | $2,891 a month!
$749,000 FS | $3,040 a month!
$899,000 FS | $3,648 a month!
$998,000 FS | $4,050 a month!
Limited units remaining in Ilikai. Studio/1/0
Stunning 6-bed/4-bath SFH. High-end upgrades.
Luxurious, convieniently located condo. 2/2/3
Charming 3-bed/2-bath SFH withbeautiful garden.
WAIKIKI MLS 201506433
EWA GEN SONOMA MLS 201506303
WAIKIKI MLS 201507642
ENCHANTED LAKE MLS 201507738
Open House Today 5/10 2-5 p.m. ! " ! # $! $ ! $ " % &' ()*+ % :;&< ;& $ ; = )> ! ! " > >! qualify depends on current market conditions, credit data, mortgage program and type of property > ) ? ! " ! $
1
LocationsHawaii.com m
(808) 377-4648 | Maui (800) 848-8375 5 Equal Housing Opportunity.