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New listing at Kahana Ridge is good buy

By Staff | Aug 30, 2012

Kahana Ridge overlooks the Pacific, offering spectacular views of the neighbor islands and sunsets

KAHANA – Kahana Ridge is an upscale neighborhood situated north of Lahaina mauka of Honoapiilani Highway, with spectacular panoramic ocean and mountain views and cool tropical trade wind breezes

Just listed, the residence at 326 Kahana Ridge Dr. is a four-bedroom, two-and-a-half bath, two-story home. With approximately 2,238 square feet of living space, it was built in 2001 with convenience in mind.

The floor plan includes an interior laundry room, family room, two-car garage and a room for golf-cart storage.

The landscaping is a mature, easy-to-care-for design.

Trade wind breezes keep the house cool as it is positioned to take maximum advantage of the prevailing winds. Should the trades slow down, central air conditioning is available to take up the slack.

The spacious master suite is situated on the second floor with a walk-in closet for easy living.

The lanai is roomy enough for barbecues and holiday parties. The kitchen opens into a large great room perfect for family gatherings and at-home entertaining.

This home is neither a short sale or an REO. It is currently owned by sellers, who have decided to move onto the next adventure.

Asking price is $735,000.

The first Kahana Ridge homes were built in 1997, and there are still a few vacant lots available to purchase; however, most of the homes are on their second or third owner.

Advantages to living in Kahana Ridge are many: nearby beaches, golf courses, shopping, restaurants and a private school.

Many people enjoy walking their dogs or going to the park at the north end of the subdivision.

In 2012, the homes at Kahana Ridge have been selling very well. Year-to-date, sales in Kahana Ridge totaled seven. There are currently five pending escrows and four active listings.

As per the Realtor Association of Maui website: Residential unit sales exactly match the first seven months of 2011, with 511 homes sold. The average sale price was $719,177; median price was $462,000; and total dollar volume was $367,499,288.

Well-priced properties are attracting multiple offers, making for quick sales. Inventories have declined 18 to 21% over the past 12 months in Residential and Condo categories.

Many short sales and REO (bank-owned) properties are being absorbed as sales begin to move ahead to a more normal marketplace.

Mortgage Interest rates are still near historic record lows, which may help motivate would-be buyers to buy if they can qualify.

The fact that inventory is down will directly affect sales prices in the near future.

326 Kahana Ridge Dr. is a great opportunity. Qualified buyers should call today to set up a showing. Check out the photos at www.Lowson.com Looking for a condo or land, email Laurie@Lowson.com or call 808-276-8001.