Kauai Dreams Realty

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Kauai Foreclosures, Kauai REO August 2021 List

This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.

 

Upcoming Kauai Foreclosure Available for Sale: (but not available yet.)

2435-B Liliuokalani St.; Kilauea.  A 3 Bedroom, 2 bath two story 1,740 sqft home located on a 5,000 sqft lot.

         

ACTIVE KAUAI REOS, KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):

KAUAI REOS AVAILABLE FOR SALE:

  1. 5691-A Hauaala Rd #2, Kapaa, Keapana area. 5 bedrooms, 3 bath on 1.44 ac. $962,500. Being sold by the United States Marshals Service. MLS#650673. (offer pending but Unit 1 should be coming up soon too.)
  2. 5691 Hauaala Rd,  Kapaa, Keapana area. 4 bedrooms, 1 bath on 24,350 sq.ft. $792,000. Being sold by the United States Marshals Service. MLS#652233.

 KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:

  1. 5-7275 Kuhio Highway, Haena. $810,900. In escrow previously but title had a hiccup. Due to close this month.  MLS#647369.
  2. Halelani Village at Puhi #P103.  A 2 bedrooms, 1 bath ground floor condominium with fenced yard. $365,000. Being sold by the Bankruptcy Court. MLS#651021.
  3. Coco Palms Resort was auctioned on July 26, 2021, 12 p.m., at the Fifth Circuit Courthouse in Lihue (front steps).  Being sold by Private Capital Group, Inc., a Utah Corporation.  The winning credit bid was $22,231,000 and is subject to court confirmation, where anyone can buy it for 5% higher than the winning bid.

  KAUAI REO-FORECLOSURES SOLD FOR July 2021:  

  1.  6469A Kawaihau Rd, Kapaa. 2 bedroom,3 bath newer home with ocean view.$582,894. MLS# 648979. This property went to auction at HUBZU.com. Sold 7/09/21 for $649,00. Conventional loan.

Commentary:

Coco palms Kauai foreclosure:

The auction of the Coco Palms Hotel is creating chatter on social media. Many island residents want to see it turned into a cultural park. Whats left of the original structure is most likely unsafe and will be torn down. With people not traveling out of the country Hawaii is experiencing over tourism and another hotel is not needed. The foreclosing lender, Private Capital Group, a Utah Corporation was the winning bidder with their credit bid of  $22,231,000. It would be nice if a philanthropist type entity bought the property, but I haven’t heard much chatter on this happening. Most likely the old Coco Palm footprint will not be allowed as new costal building laws have gone into effect. With the price of building materials skyrocketing and a shortage of workers, the old Coco Palms may just sit for another 30 years.

As the courts have reopened here has been more foreclosure activity. This activity is all from pre-pandemic foreclosures. Foreclosures due to the pandemic will most likely take years to get through the foreclosure process.

Call 808 652-6174 or email me julie@kauaidreams.com if you would like to work with me as your agent. Aloha Julie 

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