This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.
Upcoming Kauai Foreclosure Available for Sale:
The iconic Coco Palms Resort in Kapaa, Kauai, was opened in 1953 and known to many from Elvis’s film, Blue Hawaii (1961). Coco Palms has been sitting abandoned for almost 30 years, since it was destroyed by Hurricane Iniki in 1992. The current owners had plans to restore the resort, but they were struggling and the lender appears to have run out of patience.
Coco Palms Resort is going to be 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. Viewing of the property will be by appointment request of prospective bidders.
Coco Palms Resort, Kapaa
Coco Palms Photos from The Garden Island Newspaper
ACTIVE KAUAI REOS, KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):
Kauai REO Available for Sale:
- 5691-A Hauaala Rd #2, Kapaa, Keapana area. 5 bedrooms, 3 baths 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.)
KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:
- 5-7275 Kuhio Highway, Haena. $810,900. In escrow previously but title had a hiccup. Due to close this month. MLS#647369.
- 6469A Kawaihau Rd, Kapaa. 2 bedroom3 bath newer home with ocean view.$582,894. MLS# 648979. This property also went to auction at HUBZU.com
KAUAI REO-FORECLOSURES SOLD FOR June 2021:
There were no REO sales reported on Kauai during the month of June 2021.
Commentary:
If 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. 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. Im hoping to go to the auction to see the final outcome.I will then update this post. Call 808 652-6174 or email me kauaidreams97@gmail.com if you would like to work with me as your agent. Aloha Julie
