Koloa Landing at Poipu Beach Sells $76 Million in Luxury Real Estate During October 27 Sales Event
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Koloa Landing at Poipu Beach Sells $76 Million in Luxury Real Estate During October 27 Sales Event
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Category: North America & West Indies / Carribean islands -
This is a press release selected by our editorial committee and published online for free on 2007-11-05
51 Properties Sold at Average Price of $1.5 Million
S&P Destination Properties, a world leader in the resort and luxury real estate business, sold $76 million of the Phase 1 luxury properties offered at Koloa Landing at Poipu Beach on Saturday, October 27. A total of 51 two-, three- and four-bedroom luxury condominium homes were sold at an average price of $1.5 million, drawing buyers from Hawaii, California, Utah and other states as well as western Canada.
“Our results are a clear indication that while many segments of the real estate market are in flux, affluent customers are still seeking thoughtfully planned, high-end real estate with numerous resort amenities that meet their interests and lifestyle,” said Kent England, President of Poipu Beach Villas, LLC, developer of Koloa Landing. “We’re very pleased with the results, as it enables our group to commence construction of these buildings in early 2008 and look forward to delivering a world-class development for owners and guests to enjoy.”
Koloa Landing is a 25 acre luxury residential resort development located on the southern tip of Kauai at Poipu Beach. It is the first major oceanside real estate development since 1990, and features the most extensive pool and outdoor amenities on the island of Kauai.
“After visiting other properties on the island, Koloa Landing offered the best value for the quality of the homes and the amenities,” exclaimed Michael and Sharon Blasi from Orange County, California, who purchased at the October 27th Koloa Landing selection event. Other purchasers, Sal and Pat Matise from Atlanta, Georgia commented, “We love Kauai, and Koloa Landing’s lush tropical setting and proximity to the beach is just what we were looking for in a second home.”
The large condominiums with residential-style floorplans are fully furnished, air-conditioned and offer semi-private elevator access and oversized lanais. Resort-style amenities were designed in keeping with Kauai’s lush landscape connecting Koloa Landing to the ocean with a series of pools, water features and direct walking access to Poipu Beach. A professional management company will maintain the property and offer an optional full-service rental management program.
Koloa Landing at Poipu Beach is being developed by Poipu Beach Villas, LLC. S&P Destination Properties, a real estate company specializing in the design, marketing and sale of resort and luxury real estate across the world, is the existing listing agent.
A limited number of the remaining Phase 1 two and three-bedroom condominium homes are still available. Prices range from the low $900s to over $2 million. Phase 2 of Koloa Landing will be released for sale in the spring of 2008.
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