This blog is a list of foreclosure or bank owned (REO) properties for sale on the island of Kauai. Refer to www.kauaidreams.com for more Kauai REO & Kauai foreclosure properties.
Upcoming Kauai REO: (no prices yet)
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Princeville REO
Princeville. This will be the cheapest house on the block, and all of Princeville. More info by next month.
Hanapepe Valley, Hanapepe. 2 story with a studio on top.
Active Kauai REOs, Kauai MLS Listed: (highlighted MLS numbers are links).
- 2253 Poipu Road #119, Koloa. 1 bedroom 1 bath. MLS# 632976. $104,000. LEASEHOLD Owned by First Hawaiian Bank.
- 8322 Mahiko Pl, Kekaha. 4 bedroom 1 bath home. MLS# 632171. $249,900. Owned by Deutsche Bank National Trust Co. (offers pending)
- 4025 Palikea St, Lihue. 6 bedroom 3.5 bath home. MLS# 630985. $439,000. Owned by IXIS REAL ESTATE CAPITAL TRUST 2007 HEI, Trust. Marketed by Hubzu.
- 4325 Ioela Pl, Kilauea. 3 bedroom 3 bath home. Reduced to $499,900. MLS#632498. Owned by The Bank of New York Mellon. (offers pending)
KAUAI REO’S WITH ACCEPTED OFFERS/IN ESCROW:
- Sun Village #B108A, Lihue. Studio 1 bath. MLS# 626557. Reduced to $114,900. Owned by US BANK TRUST NA.
- 4174 Waipua St., Kilauea. 3 bedroom, 1 bath home. Reduced to $546,500. MLS#629145. Owned by The Bank of New York Mellon.
- 3889 Mamaki St, Koloa. 3 bedroom 2 bath home. $475,000 MLS# 630480. Owned by Wells Fargo Bank.
- 4733 Haleilio Rd, Kapaa. 3 bedroom 2.5 bath home. $494.000. MLS#631654. Owned by US Bank Trust NA
Kauai REO-Foreclosures SOLD for October 2019:
- 669 Aewa St, Eleele. 3 bedroom 2 bath home. MLS# 630867. Reduced to $450,000. Owned by Bank of America National Association. Sold for $472,500 CNV on 10/31/2019.
- 4630 Olali St, Eleele. 3 bedroom 2 bath home. Reduced to $469,900. MLS#630606. Owned by US BANK TRUST NA. Sold for $465,000 FHA on 10/29/2019.
- 9825 Uuku Road, Waimea. 3 bedroom 1.5 bath. Reduced to $359,900. MLS# 619810. Owned by Federal National Mortgage Association. Sold for $355,000 VA on 10/25/2019.
- 3811 Edwards Road #2310, Princeville. 1 bedroom 2 bath home.$225,000. MLS#631609. Owned by NMF Investments LLC. Sold for 220,000 Cash on 10/24/2019.
- 4247 Oio Street, Lihue. 2 bedroom 2 bath home. $595,000. MLS#630421. Owned by Federal National Mortgage Association. Sold for $595,000 FHA on 10/15/2019.
- 4650-A Uha Rd., Lawai. 1 bedroom 1 bath. MLS# 626578. Reduced to $425,000. Owned by WELLS FARGO USA. Sold for $426,000 CNV on 10/11/2019.
Editorial:
I just made a $10 bet. A past client bet me the Kauai market would drop 20% in the next 3 years. I bet him it wouldn’t.
Why would it? Demand is still strong and our economy is still good. Banks stopped making non qualifying loans a long time ago. People still view real estate as a good investment. Additional having shelter is still a top priority to most people.
During my years as a Realtor I have talked to a number of people who have theories about when the market will drop and when they will then buy. Here are a few of my favorites:
- When the debris from the Japanese Tsunami hits Kauai values will go down and then I will buy. (We did get a little debris on the beaches. We picked it up and threw it away. Our prices were not affected)
- I will pick up property after the next hurricane hits. (Real estate is supply & demand. After a hurricane there’s less supply & more demand)
- I’ll buy before/after the election when prices drop. (I haven’t yet seen prices on Kauai being influenced by National elections)
I don’t have a crystal ball. And it is possible if World War 3 starts prices could go down 20% . But if peace prevails, prices on Kauai should remain stable. I will keep you updated in 3 years if I win that bet or not.
Are you ready to buy Kauai real estate this year? Perhaps a Kauai foreclosure? Let us know at Kauai Dreams Realty. We have a great staff, ready to work hard to find you that right property. Call 808 652-6174 or email today kauaidreams97@gmail.com.
